Author Archives
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Cybersecurity Startup PingSafe Raises $3.3mn In Seed Round From PeakXV, Others
Advertisements PingSafe, a cybersecurity startup raises USD 3.3 million in seed funding. The round was led by Sequoia Capital India & Southeast Asia’s (now known as Peak XV Partners) Surge with participation from prominent angel investors and Tanglin Ventures. Angel… Read More ›
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Insurtech Startup RenewBuy Raises $40mn In Series D
Advertisements Gurugram-based insurtech startup RenewBuy has raised USD 40 million in Series D round from Japanese insurance major, Dai-ichi Life Holdings. This round is part of the company’s on-going Series D fund raise, which is attracting interest from several marquee… Read More ›
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RTP Global Launches New Fund Worth $1bn
Advertisements RTP Global, an early-stage venture capital firm, launched its latest fund – RTP IV – totaling USD 1 billion in new capital. The fund is the latest evolution in RTP Global’s long-standing strategy of investing, globally, in founders, with… Read More ›
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Only Three Startups Make It To Unicorns Club In 2023: Report
Advertisements According to a research released on Tuesday, new additions to the unicorn list would fall dramatically in 2023, signalling a downturn in the Indian startup sector. According to the ASK Private Wealth Hurun Indian Future Unicorn Index 2023, India… Read More ›
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Global PE Deals Pummet To A 4-Year Low, Driven By High Interest Rate, Fearing Recession
Advertisements Private equity dealmaking fell to its lowest level in four years, weighed down by high interest rates, recession fears, and a bleak outlook for corporate profitability, but some experts think that stockpiled funds will fuel a near-term resurgence. According… Read More ›
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PE Firm Warburg Pincus PickS Majority Stake In Watertec India
Advertisements Private equity firm Warburg Pincus, the backer of companies such as boAt, Ola, Avanse Financial, Good Host Spaces, Vistaar Finance and MyGlamm, has picked up a majority stake in a bath fittings brand Watertec India. Warburg Pincus, a New… Read More ›
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Cred Acquires Y Combinator-backed Spenny
Advertisements Credit card rewards fintech Cred has acquired Spenny, a Y Combinator-backed microsaving and investment app, for an undisclised amount. Shah and team members from Spenny, which had shut down their app, would join Cred’s product team. Rathin Shah and… Read More ›
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First Made-in-India Chips Expected To Available By December 2024: Vaishnaw
Advertisements The first Made-in-India chips are likely to be available by December 2024, according to Union Minister for Communications and IT Ashwini Vaishnaw. According to the minister, 4-5 semiconductor facilities are likely to be built in the country within a… Read More ›
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Moonshot Looking To Acquire A Few Brands, Says Co-founder
Advertisements Dhruv Jain, Co-founder of Moonshot Distribution System, recently spoke to BW Businessworld, providing valuable insights on the necessity of Data-as-a-Service (DaaS) for both online and offline brands. Moreover, he emphasised the company’s future plans, including acquisitions. Here is an… Read More ›
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Urban Piper Acquires Ordermark’s US Operations
Advertisements Bengaluru-based UrbanPiper, a restaurant software-as-a-service platform, has acquired the US operations of meal delivery aggregator Ordermark for an undisclosed amount in order to expand its global footprint. The transaction would allow UrbanPiper, which is backed by Peak XV Partners… Read More ›
