Bangalore-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels LLC.
India becomes the third largest startup ecosystem in the world
India added three 'unicorns' per month in 2021 to nearly double the overall number of startups valued at over USD 1 billion to 51 as of end-August, a report said on Thursday
Naspers' digital investment arm now has India exposure of $10 billion
The fast swelling unicorn universe in the startup ecosystem is set to witness a flurry of share sales as around 18 large startups are set to hit primary markets, according to a Wall Street brokerage
The government on Wednesday launched a programme to support 300 IT start-ups under which it will provide seed funding, mentorship and market access with a view to creating 100 unicorns out of the selected start-ups. Ministry of Electronics and IT special secretary Jyoti Arora said that the concept of the Startup Accelerator of MeitY for Product Innovation, Development & Growth (SAMRIDH) has been developed on the lines of silicon valley based accelerator YCombinator. IT and Telecom Minister Ashwini Vaishnaw said that he has mentored over 20 start-ups earlier and understands the need of mentoring them during the most important part of their journey when their idea is getting converted into products. He said that lack of funds for start-ups is not a big issue. "Lack of getting the idea into a real product or lack of collecting the skill sets which are needed to convert an idea into an enterprise is a bigger challenge for most of the start-ups. If we are able to start-up in that ...
Six unicorns have filed for IPOs, of which Zomato got listed
This is the second fundraise for the Bengaluru-based company in 2021
The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners
Latest funding round values the firm at $1.1 billion, says CoinDCX CEO.
With foreign money pouring into the start-up universe, the economy may finally get the stimulus that the government was unable to provide
Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million
Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion
The company raised fresh funds to tune of $185 mn from Temasek, IFC and IIFL
The latest funding takes the total capital raised to $281 million, including a $100 million round last November that was also led by SoftBank
Unacademy Group's valuation has grown almost ten times in 18 months, riding on demand for online training
The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.
In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company
Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated
BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base