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Tag: valuation (page 1 of 1)

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

Neeraj Chopra’s social media valuation hit ₹428 cr after Olympic Gold

Olympic gold medalist Neeraj Chopra’s social media valuation has been increasing since his win at the Olympics. He was mentioned 2.9M times by 1.4M authors, becoming the “most mentioned” athlete on a global scale. According to reports, his reach and influence reached 412M users, with all social media influence combined at a valuation of ₹428 cr. On Instagram, he now has 4.4M followers, a 2297% increase before his win.

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

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

Chinese markets take $560 B hits in a week, as companies fear regulations

With Chinese regulators clamping down on various industries, stocks in China’s markets took a major hit. The Hang Seng stocks fell 1.8%, with a weekly drop of 5.8%. The Shanghai Composite fell 1.1%, Alibaba 2.6%, while Tencent is at a 14-month low. With new rules being announced seemingly daily, investors are fast losing confidence, and the result shows in the market with $560B wiped off Chinese markets within a week.

Lenskart valuation hit $2.5 bn

Lenskart has closed its latest round of funding with $220 mn at a valuation of $2.5bn. The eyewear retailer will use fresh funds to expand into Southeast Asia and the Middle East. The largest investor in Lenskart is SoftBank with a 20% stake. Lenskart is aiming to be the top eyewear retailer in Singapore in the next 12-18 months. The company plans to raise a total of $315 mn of funding before going public.

BrowerStack raises at $ 200 mn to become most-valued SaaS firm from India

Web and mobile testing platform BrowserStack has raised $200mn at a valuation of $4bn. BrowserStack has now overtaken FreshWorks as the most valued SaaS company from India. It will also become the 7th unicorn SaaS firm in the country. Fresh funds will be used for cloud testing, increasing the product suite, and doubling the present team size of 800 in the next 18 months. It will also add more data centers to its network, which is at present 15.

China’s Ant Group valuation slips to $200 bn after IPO halt

Ant Group’s global investors, as per news agency Reuters, have valued the China-based fintech giant at over $200 bn. The calculation is based on Alibaba backed company’s 2020 performance. The valuation is 33% above Ant’s 2018 fundraising, but far below the $315 bn, had the company was listed in “the world’s largest IPO”. Investor and experts had hoped for a huge crashed after the authorities scuppered the $37 bn IPO days ahead of listing in Nov.

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Stripe raises $600 mn at $95 bn valuations, becomes most valuable Silicon Valley firm

Stripe, a digital payments firm, has raised $600 mn funding at $95 bn valuations to become the most valuable private company Silicon Valley has ever produced. Investors in the decade-old company include Allianz SE, AXA SA, Baillie Gifford, Fidelity Management & Research, Sequoia Capital and Ireland’s NTMA. The fresh capital will be invested in European operations, expand Global Payments and Treasury Network. Stripe plans to expand in Japan, China and India.

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