BUSINESS
OfBusiness valued at $5 billion, eyes 2022 IPO
This is OfBusiness' fourth funding round in 2021.
BUSINESS
'They are unrecognisable': Inside the ‘new’ SoftBank India of 2021
SoftBank, the Japanese investor who made billion-dollar cheques common, is now unrecognizable in India. The world's most influential technology investor has been India's most cautious and conservative late-stage investor this year. Why and how did this happen? Moneycontrol decodes previously unreported details on the inner workings of SoftBank India, Masayoshi Son's ambitions and how the New SoftBank came to be.
BUSINESS
SaaS startup MoEngage raises $30 million led by Steadview Capital
Founded in 2014, MoEngage helps companies measure customer engagement and analyse metrics in order to improve it, which may help firms formulate their marketing and data strategy.
BUSINESS
Spinny becomes 42nd unicorn of 2021, raises $283m from ADQ, Tiger Global & others
The round saw investments from Abu Dhabi’s ADQ, existing backers Tiger Global Management and Avenir Growth, and Feroz Dewan’s Arena Holdings and Think Investments, valuing Spinny at $1.8 billion
BUSINESS
P2P lending firm LenDenClub raises $10 million from Kunal Shah, Hardik Pandya & others
Other investors in the round include Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, Policybazaar co-founder Alok Bansal, Livspace co-founder Ramakant Sharma and GVK Infra board member Krishna Bhupal
BUSINESS
Indian SaaS startups raise record $4.5 billion in 2021: Bain report
Indian SaaS startups have had a breakthrough year, with a lot of unexpected factors. What led to this boom, and will it sustain?
BUSINESS
Exclusive: Swiggy, Meesho backer Elevation Capital eyes $600 million fund
Having minted 6 unicorns in its portfolio in 2021 alone, Elevation Capital (earlier SAIF Partners) is raising its largest ever fund. Analysing its 2021 strategy shows it has been more aggressive than ever before.
BUSINESS
CRED to acquire Happay in cash and stock deal valuing the platform up to $180 million
Happy currently has more than 6,000 clients including Dominos, PriceWaterhouse Coopers and Oyo and processes transactions worth over $3 billion annually
BUSINESS
Bessemer goes bullish on India, raises $220 million to deepen local ties
Bessemer, one of Silicon Valley's largest VC firms, was rumoured to be planning an exit from India a few years back. Instead, now it has raised an India-dedicated fund.
BUSINESS
Exclusive | $30 billion fundraising, 40 unicorns in 11 months — startups break records, spark bubble fears
Privately held startups have raised $31.2 billion, nearly three times 2020’s $11.2 billion, and more than double the previous record of $13.1 billion in 2019.
BUSINESS
Rash decisions, insecurity and burnout: The dark side of India’s startup funding boom
India's epic and unprecented startup funding boom has birthed unicorns, minted millionaires and taken companies public at record valuations. In the process though, founders are getting burnt out, employees are veering towards fraud and insecurity is driving people to the dark side. Moneycontrol takes a look
BUSINESS
Blume Ventures eyes $200 million fourth fund, hits $105 million first close
Despite the funding boom, Blume's managing partner Karthik Reddy warned that companies should spend the money carefully.
BUSINESS
SoftBank's Sumer Juneja promoted to managing partner
The promotion makes Juneja one of 13 globally to report to Rajeev Misra, CEO of SoftBank's ambitious Vision Fund.
BUSINESS
Exclusive: Infra.Market eyes $4.5 billion valuation
Infra.Market was founded by Souvik Sengupta and Aaditya Sharda in 2016,
BUSINESS
Exclusive: Kunal Shah’s CRED in talks to acquire Dineout, Wint Wealth
The two acquisition talks shed significant light on the strategy of CRED, one of India's hottest but least understood internet startups by many
BUSINESS
Solo VC Vaibhav Domkundwar raises debut fund of $15.2 million
A growing trend in Silicon Valley and now India, solo venture capitalists are changing the rules of the startup game
BUSINESS
Mensa Brands becomes India’s fastest unicorn with $135-million funding
Mensa has been valued at a billion dollars just six months after it launched.
BUSINESS
Governance is more important than valuations: A91 Partners
A91 Partners, founded by three former partners at Sequoia Capital India, has closed its second fund at $550 million. In their first interview since quitting Sequoia, the trio- VT Bharadwaj, Abhay Pandey and Gautam Mago talk about the challenges of a fund manager, why investing is a brutal business and the importance of governance.
BUSINESS
SoftBank could invest $10 billion in India next year, says Rajeev Misra
A number of SoftBank-backed Indian startups are expected to list soon. It started with insurance firm Policybazaar, and followed with Paytm
BUSINESS
Decoding Five Star Business Finance's IPO documents in 5 charts
Sequoia, KKR and TPG-backed Five Star has been among the fastest growing small business lenders in recent times
BUSINESS
Wakefit valued at Rs 2,800 crore in SIG-led round, raises Rs 200 crore
Wakefit was valued at Rs 1900 crore last year
BUSINESS
Exclusive: Edtech Teachmint rolls out unique ESOP plan
Teachmint’s new plan will let employees sell their shares whenever they want to after vesting, without waiting for a funding round, secondary share sale or exit event.
BUSINESS
Exclusive: Insurance startup Turtlemint eyes unicorn tag after Policybazaar IPO
Tiger Global Management, among other investors, is said to be in talks to lead the funding round. Moneycontrol sifted through internal documents for Turtlemint's revenue projections, business plans, IPO and more
BUSINESS
Paytm IPO will be a big event for SoftBank, says Masayoshi Son
SoftBank had first led a $1.4 billion round in Paytm in 2017, valuing it at $7 billion. It led subsequent rounds too, and its current holdings are worth over 2 times what it has invested.
