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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 It ended up raising about $44 million in the Series B round (including Friday’s tranche), and to date has amassed about $54 million in equity investment, the startup told the publication. Facebook invests $5.7B
Seven-year-old Arya said on Tuesday it has raised $21 million in its Series B financing round. Arya is addressing a vastly underserved market of farmers in India, half of whom previously had little access to post-harvest finance,” said Ganesh Rengaswamy, co-founder and partner at Quona Capital, in a statement. “We
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.
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.
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.
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. The startup later engaged with a number of investors including Malaysia’s Khazanah to raise a large round.
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. More to follow…
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.
The government also set up NewSpace India Limited (NSIL) as the commercial arm of the space agency to work closely with private companies and startups. It carries three customer payloads, including one from a customer outside India. Indian space startups raised over $245.35 million, with $108.52
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
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.
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.
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.
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.
Web3Auth announced today it has closed a $13 million Series A led by Sequoia Capital India. The fresh capital brings its total raised to $15 million since its inception in 2019. Hong Kong-based fintech XanPool raises $27M for its decentralized payment network.
“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.
Payments company Checkout.com is raising once again. But Checkout.com kept growing and growing until it raised one of the biggest Series A rounds ever for a European company — $230 million at a $2 billion valuation. While Checkout.com didn’t actually need to raise to stay alive, Pousaz says VC firms are a form of validation.
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.
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. Surge 07 is no exception.
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.
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.
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
The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy told TechCrunch. But despite being what they described as not the hottest company in the batch, they skipped the accelerator’s well-known demo day, having already raised capital. Why $4 million?
And that is giving a big bump to education startups, which are raising money to capitalise on the growth opportunity. It’s not clear if the round has closed, and whether the full amount was raised (or indeed, more). India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation.
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. Happeo raised $26 million to create an intranet portal for your company to connect employees with all of the apps, Kyle writes.
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.
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
That business, an API platform for insurance infrastructure, said on Tuesday it has raised $75 million in new funding. Zopper, an 11-year-old startup, has raised $96 million to date. “We truly believe in Zopper’s vision of transforming and automating the insurance distribution model in India.
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.
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. Fintechs have raised $23B across the regions since 2017.
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.,
Ottonomy.IO , a startup working on solving delivery problems using autonomous robots, has raised $3.3 and India, also writes software and AI algorithms to power the sensors. offers are developed in India, the company doesn’t consider the country its potential market. The company, which employs about 25 people in the U.S.
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3 to 5 times invested capital.
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.
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.
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. Tiger Global led Refyne’s $82 million Series B funding, the two said Wednesday. times since the Series A in June.
Juno, a startup that provides checking accounts to crypto enthusiasts and allows them to take their paychecks in digital tokens, has raised a new funding round as it expands its offerings to include a tokenized loyalty program. On Saturday, Juno announced it has raised $18 million in a Series A financing round.
Jio Platforms, the biggest telecom operator in India and which has raised over $20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based startup that develops augmented reality mobile games. billion in India’s Reliance Jio Platforms.
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). All Raise, a nonprofit dedicated to increasing the footprint of women founders and funders, has released its annual report for 2020. India is in crisis. million in funding.
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.
ZestMoney, which was valued at $445 million in its previous equity round last year, raised over $130 million from a range of investors including Ribbit Capital, Omidyar Network, Quona, Australia’s Zip, PayU, Xiaomi and Alteria Capital. Chapman said she and the other founders remain shareholders in ZestMoney.
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