INDmoney raises $75M for its super finance app in India

Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a “one-stop shop” for people’s investments and expenses, a top executive said on Monday. Tiger Global, Steadview Capital, and Dragoneer co-led the startup’s $75 million Series D funding, said Ashish Kashyap, founder and […]

Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa

Cash flow is a major pain point for small businesses in Africa. Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which research says 85% of African small and medium businesses are subject to, are the main culprits of cash flow issues. Many […]

Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation

The vast majority of e-commerce customers prefer to preview the product before making the purchase. That’s the reason why the likes of Amazon have historically struggled to move fashion and home decor items online. A San Francisco and Bengaluru-based startup is attempting to solve this problem and has just raised a new funding round to […]

Record number of unicorns and IPOs: Indian startups raised $39B in 2021

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the […]

India’s OfBusiness valued at $5 billion in $325 million funding

OfBusiness, a New Delhi-headquartered startup that sells industrial goods and provides small businesses with credit, has secured its fourth financing round this year and is now valued at about $5 billion. Alpha Wave Global, Tiger Global, and SoftBank Vision Fund 2 led the startup’s $325 million Series G financing round. Alpha Wave Global, formerly known […]

Indian fintech giant Razorpay valued at $7.5 billion in $375 million funding

Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings. The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series […]

Maple VC locks down $16.5 million for its second seed-stage fund by waving the Canadian flag

Maple VC is based in San Francisco, but don’t let that fool you, says its founder, Andre Charoo. The young fund, which launched in 2016 with $1.2 million in capital commitments, just closed on $16.5 million in capital commitments for a second fund that promises to almost exclusively back savvy Canadian founders, no matter where […]

India’s Slice becomes unicorn with $220M funding from Tiger Global, Insight Partners and Advent

Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread early this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30. At just 28, Flipkart alum Bajaj has figured it out. I turned 28 few weeks back. I want @sliceit_ to become […]