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Apple has successfully blocked its opponents in India , Tinder-owner Match and a group of startups, from accessing its commercially sensitive information which was part of antitrust findings against the U.S. Apple has denied wrongdoing and said it is a small player in India where phones using Google’s operating system are dominant.
Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second-largest internet market. Indian B2B e-commerce startup Udaan raises $280 million.
Only about a third of the yields Indian farmers produce reaches the big markets. Seven-year-old Arya said on Tuesday it has raised $21 million in its Series B financing round. The round was led by Quona Capital , a venture firm that focuses on fintech in emerging markets. Everyone else is missing out.
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.
Sequoia India is in advanced stages of deliberations to invest over $50 million in K12 Techno Services, a startup that offers a range of services to education institutions and also runs its own chain of schools, doubling down on a firm that it first backed over a decade ago, two sources familiar with the matter told TechCrunch.
E-commerce startup FirstCry is seeking to raise $218 million through issue of fresh shares in its initial public offering, the 13-year-old startup said in a draft prospectus filed with the market regulator Thursday, becoming the latest Indian startup to explore the public markets.
InVideo, a Mumbai-based startup that has built a video creation and editing platform, has raised $15 million as it looks to court more users and customers worldwide. InVideo ’s $15 million Series A financing round was led by Sequoia Capital India. Some of these customers are white-labeling InVideo platform to their own clients.
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.
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. 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. Let’s dive in.
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. There aren’t many hardware startups in India. and AirPod-like earbuds at $27.
Hevo Data, a SaaS startup that is helping firms collate troves of data they generate and accumulate to make better use of them, has raised $30 million in a new financing round following a strong year of growth. Sequoia Capital India led the San Francisco and Bangalore-headquartered startup’s $30 million Series B round.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate. In India only a fraction of the nation’s 1.3
How Klaviyo used data and no-code to transform owned marketing (3,000 words/12 minutes). Marketing in 2021 is emotional and not just transactional (2,200 words/9 minutes). In the rest of this newsletter we’ll get into All Raise data, the new Miami and a new lineup you don’t want to miss. All (aren’t) Raise(d).
tech giant’s attempts to deepen its ties with young firms in the South Asian market. As part of a memorandum of understanding that Microsoft has signed with the Indian Space Research Organization, the firm will also provide space tech startups with go-to-market support and help them become enterprise ready, it said. million, with $108.52
Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO.
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.
Arzooo, an Indian startup that is attempting to bring the “best of e-commerce” to physical stores, has raised $70 million in a new financing round as it looks to scale its retail platform across the South Asian market. The startup has raised over $85 million across different rounds to date.
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. Last year, around $2.5
Tala , an emerging markets digital lender that offers loans between $10 to $500 to consumers and small business owners, has raised $145 million in Series E funding. Existing investors IVP, Revolution Growth and Lowercase Capital also joined the round that brings Tala’s total funding raised to a little over $360 million.
“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. ” Both the firms raised capital in their most recent rounds at over $2.5 billion valuation.
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 The new round brings the startup’s to-date raise to $42 million. Setu raises $15M to help developers connect with banks to offer Indians ‘sachet-sized’ financial products.
Glade Brook, Nexus, Breyer Capital, Lachy Groom, Global Founders Capital, and Contrary Capital also participated in the round, which brings its to-date raise to $160 million. Aadit Palicha and Kaivalya Vohra had returned to India for a break shortly before the pandemic engulfed the nation.
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. TechCrunch last covered Freightify in July 2021 , when it raised $2.5 million in seed funding.
The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. TechCrunch spoke with co-founders Sara Du , CEO, and Gregg Mojica , CTO, about the round, their market and their experience in Y Combinator. Du said that it’s not generally encouraged to skip demo day. Why $4 million?
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. and European markets, Sequoia said. Surge 07 is no exception.
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. Byju’s has also been in the market to raise a new round for over four months but has had little to no success, according to a source directly familiar with the matter.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. It also plans to unlock it for LinkedIn and Moj in India and TikTok for global markets over time.
In total, Alerzo has raised more than $20 million since its launch. “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. The company is announcing a $10.5 million Series A round led by New York-based Nosara Capital. FJ Labs and several family offices from the U.S.,
Multiplier , a startup that enables companies to hire and pay remote workers while complying with local laws, announced today that it has raised a $60 million Series B at a valuation of $400 million. The round was co-led by Tiger Global and Sequoia Capital India, and brings Multiplier total investment since it was founded in 2020 to $77.2
Sunstone, a higher education startup that collaborates with academic institutions to help upskill their students for employability, has raised $35 million in a new financing round as it looks to expand to more Indian cities. Alteria Capital also participated in the funding, which takes its to-date raise to about $68 million.
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.”
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. Overall, the startup’s revenue has ballooned by 300% since September 2019, when it last raised money , he said.
AnyMind acquired ENGAWA, a Japan-based cross-border marketing company, in January last year with its Series C proceeds. 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.
Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.
Zomato has raised $660 million in a financing round that it kicked off last year as the Indian food delivery startup prepares to go public next year. India’s Zomato raises $100M from Tiger Global, says it is planning to file for IPO next year. Making money with food delivery has been especially challenging in India.
Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. There’s no secondary transaction in the new round, which brings the startup’s to-date raise to $360 million. Image Credits: Zepto .
Ottonomy.IO , a startup working on solving delivery problems using autonomous robots, has raised $3.3 million in a seed funding round as it looks to expand its market and deploy robots to existing customers. and India, also writes software and AI algorithms to power the sensors. Although the robots that Ottonomy.IO
But t he used cars market isn’t only enormous in Egypt; it is in almost every country with a large population globally. Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Some include U.K.’s
Refyne has raised a new financing round, just seven months after securing its previous funding, as the Bengaluru-based startup scales its platform that helps workers access their earned salaries in real time. That has added responsibility on Refyne to make the market aware of EWA and quash some misconceptions, he said.
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. Happeo raised $26 million to create an intranet portal for your company to connect employees with all of the apps, Kyle writes.
Today, one of these — KreditBee , which provides instant personal loans to users — is announcing that it has raised $80 million in a Series D funding round. The funding is notable coming at a time when raising capital has become more complicated due to the economic slowdown in markets worldwide.
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The fintech has raised more than $410 million in equity and debt since its 2019 launch. . Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round.
Unacademy, an online learning platform in India, has added two more marquee investors to its cap table. The Bangalore-based startup, which focuses on K-12 online education, said on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group. billion in September , when SoftBank led the round.
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 company says its hope is to serve the 400 million new-to-credit customers in India.
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