Snapdeal files for IPO, raises Rs 1,250 crore
... offering IPO on Tuesday, with the aim of raising Rs 1,250 crore by issuing new shares, while several investors including SoftBank, Sequoia Capital India and Foxconn plan to sell up to 3,00 E-commerce platform Snapdeal filed for an initial public offering IPO on ... ... fundraise was co-led by Lone Pine Capital , Alkeon Capital and TCV and included participation from existing investors like Tiger Global, Sequoia Capital India , GIC and Y Combinator . A five-month old ecommerce startup, Zepto secured $100 million in a Series ...
Updated: 12/25/2021
PM Modi wants more capital to India, better reform
The prime minister wanted to bring more capital to India, improve the ease of doing business, and further improve the reform ... ... BJP government has unveiled a series of reforms that have helped India climb on the global ease of doing business ranking. It is now pushing for India to be a manufacturing... ... opportunities that are present in the agri startups space, while Rajan Anandan from Sequoia suggested making India the global hub for education by leveraging technology...
Updated: 12/17/2021
Klarna CEO wary of short-term focus of public markets
....reuters. After a funding round in June, com business payments-firm clearnas-valuation rises - 46 billion-after-raising -- 2021 - 06 - 10 - higher than several of the region's major banks. Founded in 2005, the company is one of the largest players in the global buy now sector, with more than 90 million active users in 17 countries and includes Visa Inc, private equity firm Permira and the venture firm Sequoia Capital among its backers. Sebastian Siemiatkowski, CEO, said in an interview on Wednesday that the company's success is inevitable and that it will eventually become a public entity. I am hoping for Klarna that there will be a strong reputation for ...
Updated: 12/01/2021
Spinner, other startups enter Indian unicorn club
... funding was led by NoBroker, which has existing investors General Atlantic and Tiger Global Management, along with new backer Moore Strategic Ventures. The deal values the... ... the fourth unicorn in the used car space after Cars 24, CarDekho and Droom. Venture capital funds Arena Holdings and Avenir Growth also participated in the round. The new... ... investment comes weeks after a $75 million funding from Kedaara Capital, along with Sequoia Capital India and Blume Ventures. According to the beauty startup, the infusion...
Updated: 11/27/2021
India's VC deal value surpass China's in first quarter
The growth of venture capital VC deal value and volume in India has surpassed China's in the first three quarters of the year, thanks to the rising ... ... deals in Q 3'21. Four Indian start-ups -- Delhivery , Swiggy , Pine Labs, and Shiprocket -- were among the top ten companies globally that raised funding in Q 3'21 by Mosaic score, a quantitative framework used by CB Insights to measure and predict the ...
Updated: 11/19/2021
Fintech firm Clear raises $75 million to expand international market
... company Clear, formerly known as ClearTax, announced on Monday that it raised $75 million in a Series C funding round led by Kora Capital, Stripe, Alua Capital, Think Investment and existing investors. Fintech company Clear, formerly known as ClearTax, announced ... ... Valley investors, including PayPal co-founders Peter Thiel 's Founders Fund , Max Levchin and Scott Banister. SAIF Partners, Sequoia Capital and Composite Capital have also invested in the company. Also read: Global fintech giant Stripe acquires Recko-based Recko in India , marking its first acquisition in Bengaluru.
Updated: 10/25/2021
Spiber Inc leads $312 million funding round for Japanese startup startup startup
... investments from fund managers Fidelity and Baillie Gifford, will be made with a combination of the allotment of new shares and capital infusion at a valuation of about 135 billion yen $.22 billion Spiber makes plant-based protein polymers through microbial ... ... several years, Spiber co-founder Kazuhide Sekiyama told Reuters in an interview. In the first six months of 2017, using excess global liquidity, funds raised by Japan startups exceeded $3 billion, a half-year record, according to startup data provider ...
Updated: 09/08/2021
Tim Hortons China plans to create independent entity in China
... been left in limbo, struggling for solutions. Regulators have made an example of Didi Global Inc. , the ride-hailing giant that went public in June, just ahead of proposed... ... state-backed entity to manage it. Tim Hortons China is a joint venture between Cartesian Capital Group owner of the coffee chain and restaurant brands International Inc. and... ... private equity firm Restaurant Brands International Inc. Other investors include Sequoia Capital China and Chinese internet giant Tencent Holdings Ltd .
Updated: 08/24/2021
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