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Candid and the Center for Disaster Philanthropy (CDP) released a new report, Philanthropy and COVID-19: Examining giving in 2021 , in May 2022 that details COVID-19-related philanthropic funding in 2021. India’s civil society indisputably stepped up to take on vital work in the face of crisis, but the enabling environment has worsened.
Jumbotail said it serves more than 30,000 neighborhood stores (popularly known in India as kiranas) in the country. To fill this gap, Jumbotail runs its own private label portfolio and Jhina said the startup will deploy part of the fresh fund to broaden this catalog. in India’s Reliance Jio Platforms.
A Noida-based startup is working with all the stakeholders — farmers, food processors, traders and financial institutions — to bridge this post-harvest services gap — and it just secured new funds to continue its journey. Amazon, Flipkart, Ola and Uber begin to resume their services 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.
Indian fintech KreditBee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market. The new cash infusion is part of the larger Series D funding , which KreditBee said has now closed at $200 million.
Manish Maheshwari, the former head of Twitter India who recently moved to San Francisco to work at a different division within the company, is leaving the firm to launch an edtech startup, according to nine people familiar with the matter. The former Twitter India head moved to the U.S.
GoMechanic has laid off a significant number of its workforce as the Sequoia India-backed startup struggles to raise funds amid serious concerns of accounting troubles, a source familiar with the matter told TechCrunch. Sequoia India-backed GoMechanic faces severe trouble by Manish Singh originally published on TechCrunch.
Now a startup that is building voice skins for different companies to use across their services, and for third parties to create and apply as well, is raising some funding to fuel its growth. Its previous investor SkyDeck Fund and a private investor, vice president of finance at DoorDash Michael Kim, also joined the funding.
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.
“We think it will be the best place to invest,” said Shleifer of India at his rare appearance. “We think it will be the best place to invest,” said Shleifer of India at his rare appearance. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5
Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding.
The Series D funding, which brings its total funding to date to approximately $91.7 Moindy’s founder became the company’s country manager in Thailand and POKKT’s co-founders are now the company’s COO and managing director in India and the Middle East, respectively, Sogo added.
Web3Auth announced today it has closed a $13 million Series A led by Sequoia Capital India. It will accelerate expansion into decentralized gaming, NFTs, and social applications and advance its mission to eliminate seed phrases and make blockchain authentication decentralized and accessible to all with the Series A funding.
Sequoia Capital India and Southeast Asia disclosed 15 early-stage startups it has selected for the seventh cohort of its accelerator program Surge, pushing ahead with new investments even as the deal activity has considerably slowed in the region. It also secured funds from Emergent Ventures.). Surge 07 is no exception.
For the purposes of our exercise, let’s say our story takes place in India. In our story, the resolution would be raising enough funds to provide every school child with a nutritional breakfast and lunch. In a small village in India, 9 year-old Fatima lives in a tiny hut with her parents Priya and Amit. Your donation of $7.32
DeHaat, a startup that offers a wide-range of agricultural services to farmers in India , has raised $60 million in a new funding round as it looks to deepen its penetration in the country and reach break-even profitability within two years. DeHaat uses artificial intelligence to help 1.5 More to follow).
Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. Amazon-backed Acko nears $120 million in new funding by Manish Singh originally published on TechCrunch
Amazon, through its India-focused Smbhav Venture Fund , has led a $104 million Series D financing round in the Bengaluru-headquartered startup, the two said Tuesday. This is the largest check that the $250 million Smbhav Venture Fund has written so far. The new round takes FreshToHome’s all-time raise to over $250 million.
SBI Investment and Trifecta Leaders Fund led the Bengaluru-headquartered startup’s Series B funding. They power 75% of all consumer durable purchases in India, said Khan. Tony Xu, founder of DoorDash, Celesta Capital and 3 Lines VC also invested in the new round, which values it at $310 million.
The Singapore-based startup announced today it has raised a $12 million Series A led by Sequoia Capital India, with participation from Trail Mix Ventures and Alteria Capital. million in seed funding. The round also included returning investors Nordic Eye Venture Capital and Motion Ventures.
Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump as it looks to scale its core credit business and build more products in the South Asian market. The startup, which says it has been profitable for the past two years, clocked a revenue of $30.6
Edtech giant Byju’s, which is India’s most valuable startup with a valuation of $22 billion, has missed the deadline to file its audited results by 17 months. It has since repeatedly missed its own deadline. The company didn’t immediately respond to a request for comment.
has raised $10 million in a funding round led by the South Korean gaming company Krafton. The startup is also working on tools to let creators easily access studios across India and even get PR opportunities, said Gupta. It also plans to unlock it for LinkedIn and Moj in India and TikTok for global markets over time.
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms.
million in a funding round led by Sequoia India and Southeast Asia’s Surge as it plans to expand the market for its medical imagery annotations solution. RedBrick AI has a seven-member team that is mostly based in India, though the startup focuses primarily on the U.S. Healthtech startup RedBrick AI has raised $4.6
In other words, recipients in this latest round of funding tended to be smaller. . This time around, more than 30 recipients were fiscally sponsored entities, collaboratives, or specific funds within organizations. entities were also supported, including 11 based in India, two in Africa, and one in Mexico. . Geography .
billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand its product offerings and talent base, including some to double down on compliances in the world’s second largest internet market. CoinDCX has doubled its valuation to $2.15
He then headed the Android-maker’s Next Billion Users initiative that made products such as Google Pay in India to serve and onboard the next wave of internet users. Sengupta said the startup plans to expand to many markets including Singapore and India over the coming years. Now, he is ready to share what they have been up to.
Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. The team surveyed over 177 startups and 33 investors across Africa, Latin America, and India. Image Credits: Briter Bridges & Catalyst Fund.
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.”
Now China’s embassy in India is saying that all of these investigations that India is doing into Chinese firms are bad for business. Perhaps, or maybe it is India being cautious. Check out that valuation : YuLife pumped up its valuation to $800 million after securing $120 million in new funding, Ingrid reports.
OfficeBanao, an Indian startup offering a workspace interiors platform to businesses in the country, has raised $6 million in seed funding led by Lightspeed. “OfficeBanao is a mission-driven company, committed to making a meaningful difference in how workspaces are developed in India. The startup was all bootstrapped until now.
This year Benin, Bolivia, Denmark, Panama, and Sri Lanka launched national GivingTuesday movements, and GivingTuesday launched its Europe Hub, which joins the Africa, India, Latin America & the Caribbean, and U.S. & There were grassroots movements in 105 countries, according to the data released.
Foundations in the United States focus their funding priorities on many different issues. If your nonprofit is seeking funding, it’s critical to identify the foundations whose interests and funding priorities align with your own. Funding Priority: Education. Global Fund For Children. Daniels Fund.
A lot was riding on that potential acquisition as ZestMoney has exhausted nearly all other funding sources in the past three quarters as investors grow cautious of funding late-stage lossmaking startups. .” The departures come weeks after a potential deal to acquire ZestMoney by PhonePe fell through.
Wildlife SOS , based in India, also requires donors to choose whether they want their donation to be processed in U.S. Of the 25 nonprofits donated to, 22 have a monthly giving option featured on their donation page. Two of the 25 had monthly giving set as the default on their donation page. Dollars, Euros, British Pounds, or Indian Rupees.
Source: United Nations Population Fund. 4) China currently has the highest population in the world, however, by 2050 India will be the most populated country at 1,676 million (compared to China’s 1,387 million).
The 12-year-old startup, which counts SoftBank Group’s Vision Fund and Tiger Global among its investors, is among a handful of startups that is attempting to upend India’s insurance market , which is largely commanded by state and bank-backed insurers. In India only a fraction of the nation’s 1.3
The funding winter for the startup ecosystem may continue for another 12 to 18 months and the industry might have to grapple with a “lot of turmoil and volatility,” e-commerce giant Flipkart chief executive Kalyan Krishnamurthy has warned executives. This is going to be tough next year.
Most of the proposed funds will likely be allocated to build a new, powerful high-performance computing (HPC). The Indian government, led by Prime Minister Shri Narendra Modi, has approved a new $1.24 billion investment for the IndiaAI mission, a "national-level" plan designed to create an all-Indian AI ecosystem from scratch.
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to below $1.5 billion, according to two sources familiar with the matter.
The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023.
There’s been talk of a slowdown in venture funding recently, with TechCrunch looking at it from different angles, including the fintech sector, a PitchBook report and even earlier on how startups should prepare in case it happens. We saw an average of 32% re: % of capital called in a fund’s first full calendar year. That’s new.”.
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