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Grofers turns unicorn with $120M from Zomato, Tiger Global

grofers funding

IPO-bound food delivery platform Zomato and Tiger Global have signed off on its long-held plan to invest $120 million in online grocery startup Grofers, according to sources privy to the development. With this investment, Grofers will turn into a unicorn with a valuation of over $1 billion. For Grofers, the latest investment round will help […]

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[Weekly Funding Roundup] Startups raise $740M in third week of June

startup funding

Boosted largely through investments into unicorns, after a dismal previous week, Venture funding into Indian startups bounced back strongly in the third week of June. As compared to a meager $46 million in the previous week, the total venture funding in the third week stood at $740 million. The decacorn edtech BYJU’S receiving additional funding […]

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MindTickle funding

mindtickle funding

SoftBank Vision Fund will invest $100 million in portfolio firm MindTickle, a source with knowledge of the development said. The Software-as-a-Service (SaaS) company is expected to be valued at $1.1 billion following the investment, taking it to the grand club of unicorns.  “This is fully an internal round and SoftBank is doubling down on the […]

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[Weekly Funding Roundup] Venture funding continues to rise in the startup ecosystem

The first week of June has been promising for the Indian startup ecosystem as venture funding continues to rise.  The total venture funding during the week was at $638 million, up by 58 percent since the previous week. The major share of this funding was raised by two unicorns – Delhivery and Urban Company.  25 […]

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[Weekly funding roundup] Venture investments in startups continue to grow

Although it started slow, the month of May has ended well for the Indian startup ecosystem after the total venture funding reached a three-figure mark.  The last week of the month recorded a venture funding of $403 million as compared to $285 million in the previous week. There were 16 venture deals during the week, […]

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Unacademy to raise funds from Temask

udemy funding

Ed-tech unicorn Unacademy is in talks to have Temasek as a backer for its new round of funding. The news comes after Unacademy had onboarded social networking giant Facebook and Japan’s SoftBank Vision Fund last year. Unacademy had accelerated its campaign with a view to raising anywhere between $300-400 million, as it is looking at […]

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Zeta funding

zeta funding

 Banking startup, Zeta has become the newest entrant in the unicorn club after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.  Sodexo, a France-headquartered food service company, also participated as an additional minority investor in the round, with Avendus Capital acting as the […]

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Moglix funding

moglix funding

B2B industrial goods e-commerce marketplace, Moglix, announced on Monday that it has raised $120 million in a Series E round led by Falcon Edge Capital and Harvard Management Company (HMC). The round also saw participation from existing investors including Tiger Global, Sequoia Capital India, and Venture Highway. Following this round, Moglix has become the first […]

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[Weekly Funding roundup] 6 unicorns and a $2.5B investment in just one week

The Indian startup ecosystem saw a whopping six startups turning unicorns and $2.5 billion of venture funding raised in just one week. This fantastic week has mapped out the upcoming nine months of this year to break new records.  The funding worth $2.5 billion for the second week of April accounts for 25 percent of […]

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ShareChat funding

ShareChat — the Indian language social media platform’s parent company Mohalla Tech— on Thursday announced it acquired $502 million in its latest round led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter, and India Quotient, among others.  With this round, the Indic language social media startup has now joined the […]

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