Page 40 - Company - Start-ups - News
CityMall raises $22.5 mn in funding from General Catalyst, others
Recently, the company has expanded beyond daily-use products like groceries and FMCG products, into fashion, electronics, electrical appliances, cosmetics and others.
 "CityMall raises $22.5 mn in funding from General Catalyst, others")
India's unicorn tally touches 50, MindTickle the latest entrant
Industry experts have been saying that the Indian unicorn list is expected to only rise as fund houses with access to liquidity are looking at avenues for investment.
 "India's unicorn tally touches 50, MindTickle the latest entrant")
Tiger Global, Sequoia lead $25 mn round in financing startup Progcap
Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has over 300,000 retailers across 50 corporates and has disbursed over Rs 1,500 crore of loans so far
 "Tiger Global, Sequoia lead $25 mn round in financing startup Progcap")
Home fitness startup Portl raises undisclosed amount from Kalaari Capital
Company say it has developed proprietary tool for personalised workouts, nutrition advice.
 "Home fitness startup Portl raises undisclosed amount from Kalaari Capital")
Grofers co-founder Saurabh Kumar exits co, will continue as board member
The development comes at a time when the SoftBank-backed company is looking at launching an initial public offering (IPO).
 "Grofers co-founder Saurabh Kumar exits co, will continue as board member")
BharatPe in talks to raise $250 mn led by Tiger Global, says Report
Fintech major BharatPe, that hit a new high with 106 million monthly transactions in UPI in March this year, is reportedly raising nearly $250 million in its next funding round led by Tiger Global
 "BharatPe in talks to raise $250 mn led by Tiger Global, says Report")
Vishal Sikka's Vianai raises $140 mn from SoftBank Vision Fund, others
The two year-old startup will use the funding to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide.
 "Vishal Sikka's Vianai raises $140 mn from SoftBank Vision Fund, others")
JPMorgan, Goldman, two other banks hired by Paytm for proposed $3 bn IPO
The board of the startup, formally called One97 Communications, also approved Morgan Stanley and ICICI Securities Ltd. to help with the sale, the people said, asking not to be identified as the matter
 "JPMorgan, Goldman, two other banks hired by Paytm for proposed $3 bn IPO")
Google Ventures-backed talent engagement startup Sense raises $16 mn
The company specialises in artificial intelligence-driven talent engagement and communication
 "Google Ventures-backed talent engagement startup Sense raises $16 mn")
Tiger Global-backed Apna to expand operations, double headcount by year end
Considered to be the LinkedIn for gig workers, the platform already has 10 million users including delivery riders, sales persons, salon workers, drivers, others.
 "Tiger Global-backed Apna to expand operations, double headcount by year end")
Jobs platform Apna raises $70 mn from Insight Partners, Tiger Global
With this investment, Apna has now raised over $90 million and is now valued at $570 million, within 16 months of launch
 "Jobs platform Apna raises $70 mn from Insight Partners, Tiger Global")
This former Google techie is solving the employability problem using AI
Valued at over $2 billion today, Ashutosh Garg's firm Eightfold AI is being used by large companies, including Fortune 500 clients, to shape up the career paths of their employees
 "This former Google techie is solving the employability problem using AI")
Online education firm Cuemath eyes new funding, $1 billion valuation
Indian online education platform Cuemath plans to raise at least $100 million in a new financing round this year, its chief executive said
 "Online education firm Cuemath eyes new funding, $1 billion valuation")
IPV leads early-stage investment in FMCG distribution platform Dropshop
The startup is a full-stack platform for FMCG companies to digitise their last-mile distribution such as sales, logistics and credit to retailers.
 "IPV leads early-stage investment in FMCG distribution platform Dropshop")
Jumbotail raises Rs 35 cr from Alteria Capital in venture debt round
This venture debt round comes after a $25 million equity round concluded in January 2021
 "Jumbotail raises Rs 35 cr from Alteria Capital in venture debt round")
SimpliContract raises $1.8mn in seed-funding round led by Kalaari Capital
SimpliContract democratises contract authoring and establishes powerful post-signature contract management practices by leveraging AI and NLP
At $16.5 bn, Byju's most valuable startup in India after raising $350 mn
As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world
 "At $16.5 bn, Byju's most valuable startup in India after raising $350 mn")
ICICI Venture eyes digital start-ups, real estate fund of $300-400 million
The leading private equity player is re-entering the start-up space after around two decades
 "ICICI Venture eyes digital start-ups, real estate fund of $300-400 million")
Cuemath eyes 30 new markets in FY22; another funding round likely this year
Online math learning platform Cuemath looks to venture in 30 new markets, and is keen to go for another, bigger round of funding later this year to support its expansion according to its founder.
PhonePe files complaint with Sebi against Ventureast Fund over OSLabs deal
PhonePe says Ventureeast sold shares to Affle in a side deal while engaging on the sale of same shares in favor of PhonePe
 "PhonePe files complaint with Sebi against Ventureast Fund over OSLabs deal")
