Oxygen, a startup that is bringing digital banking services to freelancers and micro- and small-sized businesses, is in talks to raise a new round at a valuation of over $500 million, two sources familiar with the matter told me. The San Francisco-headquartered firm is in advanced stages of talks to raise about $70 million, the […]
Zepto, a 10-minute grocery delivery app in India, raises $60 million
Two 19-year-old entrepreneurs, who previously collaborated on a number of projects including a ride-hailing commute app for school kids and left Stanford last year to pursue a new startup, said on Sunday they have raised $60 million to disrupt India’s overcrowded and highly-competitive grocery delivery market. Glade Brook Capital led Zepto’s first institutional financing round, […]
Amazon-backed insurtech Acko joins unicorn club with $255 million funding
Insurance policy provider Acko is the latest Indian startup to become a unicorn, joining nearly three dozen other firms in the world’s second-largest internet market that have attainted the coveted status this year. The Bangalore-headquartered startup said it has raised $255 million in a new financing round, bringing its all-time raise to $450 million. The […]
Zolve raises $40 million to help global citizens access financial services
Zolve, a neobanking startup that aims to help immigrants in the U.S. gain access to financial services, said on Wednesday it has raised $40 million in a new financing round as it begins to roll out its offerings. Partners of DST Global led the Bangalore-headquartered startup’s Series A financing round. The round, which values the […]
DeHaat raises $115 million in the largest agritech round in India
DeHaat, an online platform that offers full-stack agricultural services to farmers in India, has raised $115 million in what is the largest funding round for an agritech startup in India, where farm produce yields two-thirds of the country’s $1 trillion in annual retail spending. Sofina and Lightrock co-led the 10-year-old startup’s Series D financing round. […]
Tiger and Falcon look to double down on Indian social commerce startup DealShare
Tiger Global and Falcon Edge Capital are looking to double down on their bets on DealShare, becoming the latest high-profile investors to go all-in on India’s nascent but growing social commerce trend. The two firms, both of which are already an investor in Jaipur-headquartered startup (AWI, which is managed by Falcon, is an early investor […]
India’s Chalo acquires Amazon-backed bus aggregator Shuttl
Chalo, a startup that is digitizing bus commutes in India and which recently raised $40 million in a financing round, has acquired Amazon-backed app-based office commute bus aggregator Shuttl in an all-cash deal, the two said on Tuesday. Chalo founder and chief executive Mohit Dubey said the acquisition of Shuttl, which operates thousands of buses […]
Indian edtech Teachmint valued at $500 million in $78 million funding
As scores of Indian startups populate their catalogs with live and recorded courses to reach and serve students in the world’s second largest internet market, a handful of new-age firms are beginning to explore different approaches to tackle the challenge. Teachmint, one such startup that is helping teachers and institutes create their own virtual classrooms […]
India’s Groww valued at $3 billion in $251 million funding
Groww has tripled its valuation to $3 billion in just six months as the Indian fintech startup looks to broaden its offerings and help more millennials start their investment journey in the world’s second largest internet market. Iconiq Growth led the Bangalore-based startup’s $251 million Series E financing round. Alkeon, Lone Pine Capital and Steadfast […]
Stripe backs India’s Clear in $75 million funding
Stripe has made its second investment in India, just days after disclosing the first. One of the world’s most valuable startups has backed Bangalore-based SaaS fintech firm Clear, the two said Sunday evening. The 10-year-old Indian startup, formerly known as ClearTax, said it has raised $75 million in its Series C funding. The round was […]