Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or stocks, for instance. In recent years, a handful of startups have made it easier for users — especially the millennials […]
India’s Zetwerk valued at $1.33 billion in new funding
An Indian startup that operates a business-to-business marketplace for manufacturing items is the latest to attain the coveted unicorn status in the South Asian market. Bangalore-based Zetwerk said on Monday it has raised $150 million in a Series E financing round led by New York based D1 Capital Partners. New investors Avenir and IIFL also […]
Ultrahuman raises $17.5M, touting a wearable blood glucose tracker
Fitness platform Ultrahuman has officially announced a $17.5 million Series B fund raise, with investment coming from early stage fund Alpha Wave Incubation, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund. A number of founders and angel investors also participated in the Bangalore-headquartered startup’s Series B, including Tiger Global’s Scott Schleifer, […]
Indian bike taxi service Rapido raises $52 million
Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures, […]