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News & Press
The used car e-commerce platform, Cars24 backed by investors in the likes of SoftBank and Alpha Wave Innovation, has asked 600 of its employees to leave, even as it pushes ahead with its international expansion plans and attempts to steer through the gloomy market conditions. The Cars24 layoff, which represents about 6% of the startup’s […]Read more
Digital payment processor Opn, which was formerly known as Synqa, said it has raised $120-million in a Series C+ funding round, earning itself a unicorn status. Some investors that have participated in the funding round include government-backed JIC Venture Growth Investments, Mitsubishi UFG Financial Group, and tech investors Mars Growth Capital which has brought Opn’s […]Read more
In the latest funding round led by Y Combinator, an instant grocery startup – Zepto has raised $200-million in a Series D fundraise, which takes its valuation to around $900-million just shy of a unicorn status within nine months of operations. The funding round was participated by new investors by the likes of Kaiser Permanente […]Read more
Singapore-founded Biofourmis raised a whopping $300 million in Series D funding to earn a unicorn status
Biofourmis, a startup developing digital therapeutics and artificial intelligence to remotely monitor patients conducted a Series D funding round led by General Atlantic which raised $300-million to bring its valuation to $1.3-billion. The funding round which was participated by existing investors as well as New York-listed CVS Health Corporation brings the total raised funds for […]Read more
Chinese work automation startup, Laiye bags US$160-million funding as the company nears unicorn status
Chinese intelligent automation solutions developer, Laiye has recently announced that they picked up US$160-million from a Series C funding round to expand overseas. The Beijing-based company’s financing came in three tranches, with the latest tranche bringing it US$70-million, an oversubscribed round led by Chinese private equity firm Hopu Magnolia. The funding round was also co-led […]Read more
CoinDCX, an Indian-based crypto exchange, has a valuation of US$2.1-billion after raising US$135-milion
In a Series D funding round, Indian-based crypto exchange CoinDCX saw its valuation double as it raised a total of US$135.9-million, which was led by Pantera and Steadview Capital which was participated by the likes of Facebook founder Eduardo Saverin’s B Capital. The Series D funding also saw Coinbase Ventures, DraperDragon, Republic Capital, and Kindred […]Read more
Voyager Innovations, the owner of PayMaya, raises US$210-million for the expansion of PayMaya at a valuation of US$1.4-billion
Voyager Innovations, a Philippine-based company behind the end-to-end money platform PayMaya and neobank Maya Bank, announced today that it had raised US$120 million in funding, which has helped the company secure a unicorn status with valuations of US$1.4-billion. The funding round was led by SIG Venture Capital and included new investors such as EDBI and […]Read more
VerSe’s parent company Dailyhunt raises $805-million in funding, bringing its valuation to $5-billion
VerSe Innovation said on Wednesday that it had raised $805-million, bringing its valuation to a whopping $5-billion in its latest funding round. VerSe is the owner of the popular local language content platform Dailyhunt and also Josh, a short video platform with 350-million and 150-million monthly active users, respectively. The company has said that it […]Read more
Indian Edtech Startup, Classplus is one step closer to becoming a unicorn company after acquiring fresh funds of $70-million
Classplus which is an Indian-based edtech startup that offers a digital platform for coaching centers announced on Tuesday that it has raised fresh funds of $70-million in a Series D funding round that was co-led by Alpha Wave Global and Tiger Global Management. “We like that the company can successfully cater to the large offline […]Read more