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Tens of millions of people each year purchase a second-hand smartphone in India, the world’s second-largest market. But 90% of its business today surrounds the smartphone category, explained Mandeep Manocha, founder and chief executive of Cashify, in an interview with TechCrunch.
Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. This is a16z’s first investment in India. Existing investors Tiger Global and Sequoia Capital India also participated in the new round, which is also the largest for a cryptocurrency startup in India.
Rupifi has raised $25 million in a new financing round as the Indian startup, which currently provides buy now, pay later service to several marketplaces to serve their merchants, looks to expand its business-to-business payments offerings. Is India’s BNPL 2.0 The workflow of Rupifi’s BNPL service.
Recently, Social Misfits Media’s Community Manager, Angharad Francis, interviewed the brilliant Pushpa Aman Singh, Founder of GuideStar India. In this interview, Pushpa discusses her journey prior to founding GuideStar India, her role in helping NGOs and how WhatsApp is driving strong communication among stakeholders.
Undergirding their strong conviction is a bet that India and Indonesia and other markets in South Asia will double and triple their GDPs in the next 10 to 15 years, and the public markets and tech companies stand to take a significantly broader role in that surge. The combined market cap of top-five tech companies in the U.S.
My 8 day visit to India was a whirlwind. The Nasscom Foundation in India, the epicenter of nonprofit technology and social innovation, invited me to present as part of the Global CSR track in a session about reaching the Bottom of the Pyramid with technology and social media. I'm still recovering. No wonder I am still tired!
Sequoia Capital India led the San Francisco and Bangalore-headquartered startup’s $30 million Series B round. Firms, with so many divisions such as marketing, engineering and design, engage with numerous services and platforms for their business. Data has become one of the most important business inputs in the last decade.
Amit Jain, the former head of Uber’s Asia Pacific division, revealed his new venture, Zamp Finance , that aims to simplify the process for businesses to invest their excess capital in US Treasury bills to hedge against bank failures and other uncertainties. The platform serves businesses of all sizes, it said.
Millions of retail stores in India are struggling to compete with large retail chains and e-commerce giants Amazon and Flipkart because they don’t offer a wide selection of items and they are unable to provide customers with best prices. “The They power 75% of all consumer durable purchases in India, said Khan. Image Credits: Arzooo.
A startup that is improving the way construction and real estate companies in India procure materials and handle logistics for their projects has received the backing of three new investors. The round was led by Evolvence India Fund, Sistema Asia Fund and Foundamental, while existing investors Accel, Tiger Global and Nexus also participated.
UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday. UrbanPiper has also expanded to seven nations outside of India, including some in MENA and EU regions.
Google has invested in Progcap , an Indian startup that provides working capital to small and medium-sized businesses, the firms said Tuesday, making a new push into a category that has attracted the attention of Facebook and Amazon in recent years. Existing backer Sequoia India and Southeast Asia also participated in the round, Progcap said.
It has also courted several high-profile customers, including Reuters, AT&T, Dropbox and P&G, Sanket Shah, co-founder and chief executive of InVideo, told TechCrunch in an interview earlier this week. InVideo ’s $15 million Series A financing round was led by Sequoia Capital India.
But long before it began talking about the business, Zepto had captured immense interest from the local startup community as people began voicing their opinion about the business. Heavily-backed players Swiggy and BlinkIt (formerly known as Grofers) have also entered the instant grocery delivery business in recent months.
The Signal is aiming to serve a need for the modern pace of life where everybody is busy, said Dinesh Narayanan , its co-founder and editor in an interview. Signal says it is aiming to serve savvy audiences in India and beyond. It’s a business. People still want to keep up with what’s happening in the world.
Existing investors, including Lightspeed India and Sequoia Capital India, also participated in the round, which brings the five-year-old startup’s raise to-date to about $35 million. “In HR tech and SaaS space, we are now only behind SAP and Oracle in India in terms of revenue,” he said.
Appier ’s initial public offering on the Tokyo Stock Exchange yesterday was a milestone not only for the company, but also Sequoia Capital India, one of its earliest investors. Founded in Taiwan, Appier was the fund’s first investment outside of India, and is now also the first company in its portfolio outside of India to go public.
Sequoia Capital India and STV co-led this extension round (STV co-led the first Series B round). The reason I think we see this is the fact that we’re not only displacing credit card transactions in our market, but we’re displacing a much bigger consumer spend, which is cash,” Arab told TechCrunch in an interview.
On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed” nude photos from multiple phone numbers on WhatsApp along with a text that reads, “loan thief.”
India’s Zomato raises $100M from Tiger Global, says it is planning to file for IPO next year. The Gurgaon-headquartered startup, which acquired the Indian food delivery business of Uber early this year, competes with Prosus Ventures-backed Swiggy in India. Amazon launches food delivery service in India.
A startup by an Apple alum that has become home to millions of low-skilled workers in India said on Tuesday it has raised an additional $12.5 One-year-old Apna said Sequoia Capital India and Greenoaks Capital led the $12.5 Existing investors Lightspeed India and Rocketship VC also participated in the round. “The
million in a round co-led by Sequoia Capital India and Flourish Ventures. Like its neighboring nation, India, more than 95% of all retail in Bangladesh goes through neighborhood stores in the country. It has built what it calls a full-stack business-to-business commerce platform. in an interview with TechCrunch.
For most people in India, having to engage with banks doesn’t instill a sense of joy. Small and medium-sized businesses aren’t a big fan of banks, either. It’s a very time-consuming process and requires a lot of initial capital and experience with banks,” he told TechCrunch in an interview.
Hello and welcome back to Equity , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Foxconn is investing more in India , underscoring how critical it is for major electronics supply chain companies to diversify out of China — and the immense costs involved.
Gogoro is branching out of home country Taiwan in the biggest way yet, as it just announced a partnership with major two-wheeler manufacturer Hero MotorCorp to bring its swappable battery and scooter tech to India. Electric vehicles could help eat away at some of India’s pollution, and Tesla is even wading into the market.
Once overlooked, agritech startups are beginning to have a moment in India. RTP Global and existing investors Sequoia Capital India, FMO, Omnivore and AgFunder also participated, bringing the startup’s to-date raise to over $46 million. Agritech startup DeHaat raises $12M to reach more farmers in India.
For several businesses globally, the answer to that question is increasingly Zetwerk , a Bangalore-based startup. You get the order, you find manufacturers and workshops that make them,” explained Amrit Acharya, co-founder and chief executive of Zetwerk, in an interview with TechCrunch.
Bird flipped its business model and its results improved, but it still has a ways to go. “In India’s path to SaaS leadership is clear, but challenges remain. ” India’s path to SaaS leadership is clear, but challenges remain. In the bull case, Bird can get rid of its adjusted losses in a few years,” Alex writes. “If
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 Fast-forward five years, Cashfree today offers more than a dozen products and services and helps over 55,000 businesses disburse salary to employees, accept payments online, set up recurring payments and settle marketplace commissions.
Large-scale and mid-sized enterprises and businesses are increasingly adopting — and offering — software-as-a-service platforms as they seek to increase their revenue and parlay their growth into greater efficiency. Now a young startup, Emitrr , is aiming to bring the benefits of this model to small and local businesses in the U.S.
Case in point: Itilite , a Bengaluru, India-based company developing T&E software, today announced that it raised $29 million in a Series C round co-led by Tiger Global and existing investor Dharana Capital with participation from Matrix Partners and Tenacity Ventures. Thus, Itilite was born.”
The firm is one of the earliest startups in India that has demonstrated success with blending content and commerce to drive sales. POPxo’s userbase, in the meantime, has ballooned to 88 million users, up from 60 million in July, said Gill in an interview. Four years is a long time in the startup world.
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. India’s Zetwerk raises $120 million to scale its B2B marketplace for manufacturing parts. The new investment values Zetwerk at $1.33
In an interview with TechCrunch, Shah said that about 10% of CRED’s cap table is currently allocated to employees, and those who held vested stocks were eligible to sell up to 50% of their shares back to the startup in its first ESOP liquidity program. million in the past year, or about 20% of the credit card holder base in India. .”
A startup that began its journey in India 15 years ago helping businesses reach and engage with users through texts said on Thursday it has attained the unicorn status and is also profitable. Tens of millions of users in India, including yours truly, remember Gupshup for a different reason, however.
Prosus Ventures, SoftBank Vision Fund 2, Facebook, and Good Capital also participated in the new round, which didn’t involve any secondary transaction, the startup’s co-founder and chief executive Vidit Aatrey told TechCrunch in an interview. WhatsApp has amassed over half a billion users in India. Meesho founders.
The startup has grown its business by four times in the current calendar year, the source said, requesting anonymity as the figures are not public. Hundreds of thousands of used cars are sold in India each month. The market for auto e-commerce currently has less than 1% penetration in India, according to analysts at Bernstein.
Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. Jupiter has built a neobank for consumers in India. Image Credits: Jupiter.
Explore marketing automation; it’s changing the way small and large companies do business. Translating your product into other languages opens up your business to more opportunities and bigger markets! The fashion business and small fashion brands are enabling us to compete with the big players. John Hall , Influence & Co.
I explained Benetech’s efforts to grow the impact of our Bookshare library globally, specifically discussing partnerships with groups in India and Kenya. Idea Three: Recovering Cognitive Function The final session of TED included an interview on stage with former Representative Gabby Giffords and her husband Mark Kelly , by Pat Mitchell.
Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. The startup grants loans to students at a fair interest rate by evaluating the data they generated — alternative and derived — in India itself. Upon landing, they face myriad challenges.
Each year, millions of students in India rush to get an admission in universities abroad. Eighteen months from now, we want to be among the top study-abroad companies in India, both by number of students and a roof-hitting NPS — because a happy student is why we are all really motivated everyday to do this!”, he added.
The company is not disclosing its exact valuation but Vivek Ravisankar, the CEO who co-founded the company with Hari Karunanidhi, said in an interview that it was around $500 million. It eventually became the first startup out of India to join Y Combinator, and it was actually also a Battlefield contender in 2012.
Two-wheelers have long been a cornerstone of life in India — their smaller size and affordability make these traditionally gas and diesel-powered vehicles a go-to means of navigating the traffic-jammed streets of the country’s most populous cities. River’s launch comes at a fruitful yet fiercely competitive moment in India.
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