Advertisements Upstox, a financial technology startup, has raised $25 million from Tiger Global in its newest and ongoing financing round, putting it beyond the billion-dollar value level, according to a source familiar with the situation. Upstox did not immediately react… Read More ›
Unicorns
Zomato’s USD 100 million deal turns Curefit into India’s 36th unicorn of 2021
Advertisements Health and wellness startup Curefit is the 36th startup to enter the unicorn club, after raising $50 million in cash from food delivery app Zomato. The total deal size is $100 million. A unicorn, in startup parlance, is a… Read More ›
Licious raises USD 52 mn in Series G round; achieves unicorn status
Advertisements Tech startup Licious, which sells fresh meat and seafood, on Tuesday said it has raised USD 52 million (around Rs 387 crore) from investors, including IIFL AMC, and has achieved the unicorn status. Bengaluru-based Licious in a statement said… Read More ›
OYO IPO: Hospitality Chain Increases Authorised Share Capital To Rs 901 Crore
Advertisements Oravel Stays Pvt Ltd, that operates hospitality firm OYO, has approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing by the hospitality firm. The… Read More ›
Unacademy Announces Esops Buyback Worth $10.5 Million
Advertisements Unacademy, India’s largest learning platform, has announced an ESOPs buyback program worth $10.5 Million for its current and former employees, as well as Educators. This is the third such liquidity event by Unacademy in the last three years and… Read More ›
Benefits and Challenges Of Being A Publicly Listed Company
Advertisements To date, nearly 25 companies have launched their IPO in 2021. Some of the most notable names are Barbeque Nation, Indian Railway Finance Corporation (IRFC), and Indigo Paints. The latest add on to this growing list is the popular… Read More ›
Indian Startups Raised USD 6.5 Bn Funding In Q2 2021, 11 New Unicorns Created: Report
Advertisements Indian startups received about USD 6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed —… Read More ›
Paytm Payments Bank has 155 million UPI handles, is the largest beneficiary bank
India’s leading digital payments and financial services Paytm filed its DRHP on July 15, 2021, for SEBI’s approval for its $2.2 billion IPO. In its prospectus, the numbers of Paytm Payments Bank revealed how the company is faring in the UPI game. Paytm Payments Bank Ltd (PPBL), has 155 million UPI handles on its platform and is accelerating the growth of UPI payments at retail stores and even large merchants, as stated in its DRHP.
KKR and CD&R All Set To Purchase Cloudera
Advertisements KKR and Clayton Dubilier & Rice LLC are in the final leg of acquiring could based data analytics company Cloudera Inc. at a valuation of about $4.7 billion. The private equity firms are looking to finalize the deal to… Read More ›
UpGrad Aims To Close March 2022 At Half A Billion-Dollar Revenue
Advertisements The edtech leader stakes claim to be the ‘Most Integrated Higher EdTech Company in the World’; Looks to raise USD 400 Million at a USD 4 Billion valuation in the second half of the year Mumbai, Maharashtra, India –… Read More ›