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Tag: startup (page 1 of 9)

Used Vehicle sales platform Cars24 raises $450M at $1.84B valuation

Cars24, a platform that sells used vehicles has raised $450M, with a Series F of $340M and $110M in debt. The company now has a $1.84B valuation, post-money, making it one of the more valuable private car-related startups. The round was led by DST Global, Falcon Edge, and SoftBank Vision Fund 2. Already operating in India, Australia, and UAE, the new funds will be used for further global expansion, said co-founder and CEO Vikram Chopra.

Source: Yahoo

Investing platform Groww in talks to raise funds at $3B valuation

Indian startup Groww is in talks for a new financing round to raise funds at a $3B valuation. According to reports, the investing Platform is looking to raise up to $250M from the round, which could close within weeks. While the terms of the deal are subject to change, the startup is also looking to internally expand into cryptocurrency but hasn’t made any firm decisions as to when it will offer such trading options.

Source: Techcrunch

Freshworks aims to raise $800 M at valuation of $9B in US IPO

California-based SaaS company Freshworks is aiming for a valuation of $9B in its US initial public offering, from which it hopes to raise $800M. The company hopes to sell 28.5mn shares in the range of $28 to $32. If it’s able to sell at the top range, it will raise up to $925mn. The startup, which had filed paperwork for an IPO in late August, has applied to list its shares on NASDAQ under the name FRSH.

Source: Techcrunch

Microsoft acquires TakeLessons to improve EdTech division

Microsoft has announced the acquisition of TakeLessons, an online and in-person tutoring platform. While the terms of the deal have not been disclosed, TakeLessons will continue to operate business as usual for now, it said. The platform provides students a means to connect with tutors online and in-person, in areas like music, language, others. The acquisition provides Microsoft with the infrastructure to make aggressive moves in the EdTech market.

Source: Techcrunch

Microsoft signs multi-year strategic deal to invest in Oyo

Microsoft has announced a “multi-year strategic alliance” with India’s hotel chain Oyo, aiming to develop “next-gen” travel and hospitality products. Microsoft invested $5M in Oyo last month, taking the startup’s valuation to $9.6B. Oyo will use Microsoft Azure for its cloud-based needs and develop solutions with help from Microsoft for its small and medium-sized hotel clients.

Source: Techcrunch

 

Indian Fintech startup Slice launches credit cards with ₹2000 limit

Bangalore-based startup Slice, which has years of experience in issuing credit cards, is launching a new credit card with only ₹2000 ($27) as its credit limit, compared to the industry lowest of $270. The company recently disbursed around 100,000 new super cards and looks to reach one million users by the end of March 2022.  Rajan Bajaj, Founder and CEO, said that. the users, even in the present time, can do a meaningful transaction for $27 in India.

Source:  Techcrunch

CoinSwitch Kuber in talks for funding to become unicorn

Crypto exchange startup CoinSwitch Kuber is in talks to raise fresh funds in a new financing round at upto $2B in valuation. The 4-year old startup was valued at $500M in its last financing round, but if the deal, said to be over $100M materialises, it will become the second Indian crypto startup to attain Unicorn status. The talks come at a time when CoinSwitch Kuber has doubled its user-base, up to 7M now from just 4M in April.

Source: Techcrunch 

Dukaan raises $11M to help Indian shopkeepers set up online shop

Dukaan, the one-year-old start-up which helps Indian shopkeepers set up an online shop, has announced that it has raised $11M in a new financing round led by 640 Oxford Ventures. Having raised $17M so far, it is valued at $71M currently. The new funds will be utilized to build its own payments gateway and to develop plugins to integrate with delivery firms and their aggregators, said Sumit Shah, co-founder of Dukaan.

Source: Techcrunch

 

Tiger Global in talks to lead funding round that will make Apna India’s fastest unicorn

Tech firm Apna, a 21-month old start-up, that provides help to blue and grey collar workers to land jobs, and assist in upskilling them, is in talks with Tiger Global, who will lead a $100M funding round. If successful, the funding will put Apna at a valuation of over $1B, making it the youngest Indian start-up to become a unicorn. Launched in December 2019, this will be its third funding round, in seven months, if it’s successful.

Source: Techcrunch