BUSINESS
Dream Sports launches $250 million fund to invest in startups
It will invest in startups which can generate $100m revenue in five years.
BUSINESS
Stellaris Venture Partners closes second fund at $225 million
Stellaris, an investor in startups such as consumer brand Mamaearth and software firm Whatfix, plans to make 25-30 investments in seed and Series A rounds of internet startups from this fund.
BUSINESS
A Swiggy IPO could deliver good returns, SoftBank’s Masayoshi Son says
The SoftBank CEO's presentation also revealed that Swiggy has over 20 million monthly users, and does 1.5 million orders a day as of June this year.
BUSINESS
Exclusive: Sixth Sense Ventures eyes Rs 1,500 crore fund
It sits between venture capital and private equity, but Sixth Sense Ventures does not stick only to early-stage firms
BUSINESS
CoinDCX becomes India’s first crypto unicorn, raises $90m led by B Capital
The deal makes cryptocurrency exchange CoinDCX India’s first crypto unicorn, now valuing it at $1.1 billion.
BUSINESS
Top startup founders, VCs write to PM asking for overseas listing
US capital markets are far bigger than India, making it an attractive place for Indian startups to list, given increased investor interest and more sophisticated investors.
BUSINESS
Karan Bajaj leaves WhiteHat Jr a year after Byju's acquisition, Trupti Mukker to take over
Karan Bajaj leaves WhiteHat Jr a year after the controversial company was acquired by Byju's in a landmark $350 million all-cash deal.
BUSINESS
Virender Sehwag: With my fan following, my new venture can have 100 million customers
Cricketer Virender Sehwag is one of India's most recognizable people for his attacking batting and social media banter. Now he wants you to buy his brand of clothing- focusing on fitness, ath-leisure and sports equipment, an attempt to disrupt large global brands. Will he hit a six with this one? Moneycontrol explores in an interview
BUSINESS
Book Review: 'The Cult of We' is a seething, investigative mockery of Silicon Valley culture
This new account of WeWork- once US's most valuable private startup, and its sudden downfall is an epic business story, and a parable of the modern economy
BUSINESS
Exclusive: Tiger Global may back OfBusiness at $3 billion valuation
OfBusiness, founded in 2015 by former McKinsey executive and venture capitalist Asish Mohapatra, lends via a non-banking finance company (NBFC) to small and medium enterprises which have a turnover between Rs 20-Rs 200 crore.
BUSINESS
Nykaa IPO: 5 charts to explain the beauty startup's listing journey
Nykaa is one of the most unique startups to be hitting the public markets in India. These charts explain why
BUSINESS
Infra.Market valued at $2.5 billion, raises $125 million from Tiger Global
The construction materials marketplace aims to cross a billion dollars in sales by the end of 2021.
BUSINESS
Policybazaar's IPO plans in 5 charts
These charts sum up IPO-bound Policybazaar's financial situation, shareholding and more
BUSINESS
Unacademy valued at $3.4 billion in Temasek-led round; Zomato’s Deepinder Goyal, Ritesh Agarwal’s family office among investors
Existing backers SoftBank, General Atlantic and Tiger Global also participated in the round.
BUSINESS
Exclusive: Tiger in talks to back months-old Mensa brands at $400 million valuation
Former Myntra CEO Ananth Narayanan's newest venture Mensa Brands is in talks to raise money from Tiger Global, valuing the few-months-old upstart at over $400 million. Tiger partner Scott Shleifer is an angel investor in Mensa although Tiger itself has backed GOAT Brand Labs, a direct competitor to Mensa.
BUSINESS
MoEngage raises $32.5 million from Multiples PE
Customer engagement firm MoEngage has raised $32.5 million led by private equity firm Multiples, continuing dealmaking in the software startup space
BUSINESS
Sequoia India promotes five to partnership
Sequoia India has promoted five investors to Managing Director, beefing up its leadership during an unprecedented startup boom.
BUSINESS
Unacademy announces Teacher Stock Options for its educators
“Unacademy Educators will be eligible for fully vested Stock Grants on completion of 3, 4 and 5 years with Unacademy,” co-founder and CEO Gaurav Munjal tweeted.
BUSINESS
Crypto startup Vauld raises money from Peter Thiel fund, others
Crypto startup Vauld raised funds from a Peter Thiel co-founded firm, with the vision of becoming a bank for the crypto industry.
BUSINESS
Bans, stock collapses and policy overhaul: China’s tech crackdown, explained
China's swift backlash against technology firms has surprised even its closest watchers. Ant, Didi, online education, bitcoin, the list goes on. Is it just a power grab? Or is there more to it? Moneycontrol explains.
BUSINESS
Unicorn Gupshup raises $240 million from Fidelity, others
Gupshup, which became a unicorn this year, has raised $240 million to grow and give its early employees and investors some liquidity
BUSINESS
Ola expands ESOP pool to Rs 3,000 crore leading up to IPO
Over the last several months, Ola has seen a strong recovery in its ride-hailing business as customers look for safer ways to move, it said in a press release.
BUSINESS
Freshworks, Eka Software founders launch Together, a $85 million VC fund for SaaS startups
Freshworks founder Girish Mathrubootham, Eka Software founder Manav Garg and Shubham Gupta, a former investor with Matrix Partners have come together to start a VC fund to invest in SaaS startups exclusively
BUSINESS
ShareChat raises $145 million from Temasek, Mirae, others at near $3 billion valuation
Social network ShareChat has been valued at close to $3 billion in its latest funding round
