Unicorn

Prakash said the VC industry has undergone a clear shift in the last six to nine months, with investors increasingly open to backing companies in asset-heavy, complex sectors such as defence, robotics, semiconductors, and aerospace.

B2B startup Jumbotail raises $120 million from SC Ventures at $1 billion valuation

Moneycontrol was first to report about Jumbotail’s $120 million fundraise from SC Ventures and others in a round which values the company at $1 billion, on March 27.

Hornbill, MUFG to lead Dhan's $200 million fundraise at over $1 billion valuation

Dhan has agreed on a deal with Hornbill and MUFG. Dream11's Harsh Jain is also doubling down on his bet. The company is also in discussions to pick a third investor between ChrysCap, TPG and Alpha Wave, sources said. Moneycontrol was first to report about Dhan's deal back in July 2024.

Pet food brand Drools claims unicorn status after Nestlé picks up minority stake

Nestlé’s entry comes after private equity firm L Catterton picked up a minority stake in Drools in June 2023. Despite the stake sale, Drools said it will continue to operate independently

Flipkart’s super.money looking to raise $60-100 million at unicorn valuation

Super.money is leveraging UPI to expand its customer base to offer more financial services such as secured credit card, personal loan, fixed deposits and buy now pay later

Unicorn alert! B2B startup Jumbotail nears $120 million funding round at $1 billion valuation

The larger entity’s fresh valuation of around $900 million is a significant markup from Jumbotail’s valuation of around $300 million in 2021 and Solv’s valuation of $200 million a few years ago.

Darwinbox to raise $150 million from KKR, Partners Group, others: Report

The funding round, which is likely to value the company at around $950 million, will comprise a combination of primary and secondary fundraise, Mint reported.

Zepto in talks to increase IPO size to $800 million-$1 billion: Report

Zepto earlier planned to raise $450 million. As reported by Moneycontrol, the quick commerce frim is looking to list sometime in the second half this year, around August

Rapido raises $200 million in latest funding round: Report

The funds will be used to expand recently launched 4-wheeler taxi service. The company also plans to enter the quick commerce delivery segment

Ather Energy turns unicorn after $71 million funding from NIIF

The company has been raising multiple rounds of funding since the end of 2023. The development comes at a time when Ather Energy is aiming to tap the public market by 2025.

Rapido created 70 lakh jobs in 9 years, adds 1.5 lakh monthly: co-founder Pavan Guntupalli

Rapido co-founder Pavan Guntupalli was speaking at the Moneycontrol Startup Conclave in Bengaluru last week, during the panel discussion on 'Rising Stars'—startups blazing trails across mobility, content, AI, and EV'.

Anand Chandrasekaran becomes top angel investor 3rd time in a row, Kunal Bahl a close second: Hurun India

Major soonicorns in his portfolio include SaaS Labs, MoEngage, Safe Security, and InVideo.

25 startups drop out of Hurun India Future Unicorn Index in 2024

According to the list, this year there was a record drop in future unicorns from the list. Some of these include Dunzo, Koo, Gaana, Bizongo, Rapido, Practo, WayCool, Paper Boat, Dotpe, to name a few. Only three startups got promoted to unicorns including Zepto, Porter and InCred turned unicorns this year.

Unicorn founders, tech chiefs lend soft endorsement to Modi 3.0 at Lutyens' Delhi

Founders and top executives of Zomato, Mamaearth, Dixon, Urban Company, MapMyIndia, EaseMyTrip join BJP outreach to IT professionals, startups, innovators and intellectuals

Porter quietly turns unicorn, closes internal round at $1 billion valuation

This is Porter's second friends and family round in a span of about a year. In the January-March quarter of 2023, the company sold shares worth Rs 7-8 crore to friends and family at a valuation of $700 million.

This VC firm believes India will mint 1,000 unicorns by 2030

100Unicorns aims to raise a $200 million corpus to invest in early-stage startups

Meesho expands board, inducts former Flipkart SVP Surojit Chatterjee as independent director

Chatterjee is the second independent director on Meesho's board. Rohit Bhagat, currently the non-executive chairman of Walmart-owned PhonePe, was the company's first independent director. Walmart also owns Flipkart, Meesho's rival.

Meesho raises $275 million from investors, eyes more capital infusion

The capital infusion is part of a larger ongoing round at Meesho which can potentially be as much as $500-650 million, as reported by Moneycontrol earlier.

Breaking Boundaries: High profits, growing demand drive Indian edtechs into study-abroad segment

Over the past two years, edtech startups in India have been treading rough waters, chasing profitability and cutting costs . Companies are now foraying into segments that inherently command higher profit margins.

SaaS unicorn Postman acquires Andreessen Horowitz-backed firm Orbit

Postman joined India’s unicorn club in 2020 after it raised $150 million in a Series C round led by US-based Insight Partners at a $2 billion valuation.

Meesho announces ESOP buyback of Rs 200 crore; likely to benefit 1,700 employees

For SoftBank-backed Meesho, this is the fourth ESOP buyback programme. It first started buying back shares from employees in February 2020

What led to the fall of Byju's? | Story of the Edtech giant's billion-dollar loss

From a valuation of $22 Billion to plunging down to $1 billion, troubles have been looming on BYJU’s from quite some time. But what led to the downfall of this Edtech giant? Watch this video to find out!

Vanguard slashes Ola's valuation to $1.9 billion; down 74% from peak

With the fresh move, Vanguard has now cut Ola’s valuation three times in a row.

Swiggy ropes in HUL’s Ashwath Swaminathan as chief growth & marketing officer

The CGMO role is a new one for Swiggy and has been created after previous department heads quit the Bengaluru-based company

IPO-bound Swiggy to slash 400 jobs in second round of layoffs

It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs.