Swedish House Mafia members Axel Christofer Hedfors and Sebastian Ingrosso are among the investors participating in the financing round.
The startup plans to use the funds raised to invest further in technology, deepen its footprint in India and expand to international markets.
The cumulative wealth contributed by these entrepreneurs increased by 35 percent to Rs 2,32,000 crore, according to the report.
The mail, sent on September 11, 2021, by Zomato to its grocery partner said it intends to stop its pilot grocery delivery service effective September 17
The initial public offering of Zomato, one of the leading food service platforms in India, was subscribed 1.05 times on July 14, the first day of bidding, so far.
There are 32 startup unicorn companies in India, according to the CB Insights report. Out of these, eight companies were added in 2021.
In an interview with Moneycontrol, Ola chairman and group CEO Bhavish Aggarwal said this would solve one of the key barriers in EV adoption: range anxiety.
A Credit Suisse report reveals that as many as 100 unicorns in India have a combined valuation of US$240 bn, here's a look into them, their sectors, location, valuation, and more.
Will the surge in online learning continue even after schools reopen? Here's why Byju's co-founder Divya Gokulnath believes the momentum in ed-tech is here to stay
This is InnoVen's third investment in Pepperfry since 2017, when it first backed the furniture retailer.
The Bengaluru-based payments firm had suffered a massive breach back in August, when 3.5 crore masked card details were exposed in a hack and have been made public on the dark web. The incident came to light recently and has pushed the payments firm to undertake a proper forensic audit to ensure its systems are safe from future attacks.
This year saw many startups broaden their service bouquet and large players march into the superapp battlezone. While on one side there is Paytm and PhonePe, on the other there are players such as Amazon and WhatsApp. And to make matters more interesting, Reliance and Tata have thrown their hats into the ring. So, 2021 could mark the beginning of a fight for the largest share of the pie.
If there’s one sector that continues to see extraordinary growth during these unprecedented times, it is education. Adding on to the list of phenomenal edtech fundraises this year Unacademy has raised an undisclosed amount of funding from Tiger Global Management and Dragoneer Investment Group.
Luvleen Sidhu, co-founder and CEO of BankMobile, shares insights into her business model and the personal factors that led to her professional growth.
With classes moving online during lockdown, many of India's kids lost access to education. These three EdTech startups are democratising the landscape.
The umbrella entity will broaden the digital payments landscape in India, reduce dependence on NPCI, and increase innovation.
When Sibasish Mishra started Bookingjini, a software-as-a-service provider to hotels, in Bhubaneshwar in 2016, it looked like a strange choice. But now, its services are availed by 500 hotels in 5 states alone, and it has raised Rs 6 crore so far. An investor told Mishra: “I don’t know about your product, but your conviction to build it from Bhubaneswar had us sold.”
Hena Mehta’s startup Basis has set out to solve every woman’s pain point of not having the right resources to plan out financial goals.
The superpower that Karan Bajaj the yogi, who has written four books before Whitehat Jr, has is his ability to sleep it off.
Zomato’s period leave drew headlines around the world and kudos from social media users and women’s rights advocates.
Prepare for this new digital life by securing it and pushing informational privacy and security to the mainstream discourse
The startup, which was struggling through much of 2019, claims to have retained Rs 200 crore in cash balances and improved asset quality
With venture capital firms hoarding funds for their portfolio companies because of the Covid pandemic, angel investors are moving in and writing bolder cheques in these late-stage startups
Video calls and online conferencing can never be a substitute when it comes to convincing potential investors, say founders. At stakes now are tough decisions like laying off employees, saying no to potential deals and postponing funding rounds.
From selling sarees to pickles to offering online gym classes to virtual comedy shows, small and micro businesses now have a good presence in the cyberspace
