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Tag: Tiger Global (page 1 of 1)

Sharechat’s parent Mohalla tech is new $1 bn-plus startup

India’s Mohalla Tech, known for its social media platform ShareChat and the short-video app Moj, has raised $502 mn from investors led by Lightspeed Ventures and Tiger Global at a valuation of over $2.1 bn. Combined users of the 2015 founded start-up are 280 mn. Snap and Twitter also participated in the latest round. Sharechat, Moj, and other similar platforms have benefitted from the Indian government’s decision to ban several Chinese apps.

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Tiger Global invests undisclosed amount in Unacademy at $2 bn valuation

Unacademy has raised undisclosed funds (between $75 mn to $100 mn in size) from Tiger Global and Dragoneer Investment valuing the startup at around $2 bn, up from about $500 mn in Feb this year. Unacademy helps students prepare for competitive exams to get into college, or those pursuing graduate-level courses. The platform has over 47,000 educators who conduct over 1.5 lakh live classes each month in 5000 cities to generate a watch time of 2 bn minutes.

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Dream11 parent Dream Sports raises $225M

Dream Sports, the parent of fantasy sports app Dream11, has raised $225M in a new financing round, which involved Tiger Global Management, TPG, Tech Adjacencies, ChrysCapital, and Footpath Ventures as the key investors. Dream Sports now values at over $2.5B and has raised about $325M to date. Dream11, despite being unavailable on Play Store, has amassed over 100M users, gaining attention from firms like Facebook and Disney. It’s also sponsoring IPL this year.

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Silver Lake invests $500M in BYJU’S pushing valuation to $10.8B

Ed-tech start-up BYJU’S has raised $500M in a fresh round of funding from Silver Lake. The round also saw participation from existing investors including Tiger Global, General Atlantic and Owl Ventures. The new round values BYJU’S at $10.8B, up from its last valuation of $10.5B. Media reports state that there are more new international investors who are expected to fund BYJU’S in the next few quarters.  

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Ola Electric acquires Amsterdam-based E-vehicle startup Etergo

Ola Electric Mobility (OEM) that received a funding of $250M from Softbank and Rs 400 cr from Tiger Global and Matrix India in 2019 has now acquired an Amsterdam based electric scooter startup, Etergo to launch its own E-scooter in 2021. Etergo uses swappable high energy density batteries to deliver a range of 240 Km. The acquisition will strengthen OEM’s technical and design abilities. The firm hasn’t revealed the deal price yet. 

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