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Warburg-backed Singapore unicorn Trax targets US$3 billion valuation in next three years
Trax, a computer vision solutions and analytics firm based in Singapore is targeting to reach US$3 billion in valuation over the next three years. It currently stands at nearly US$1 billion. Its Co-founder and Chief Executive Officer Joel Bar-El spoke at DealStreetAsia’s Asia PE-VC Summit 2018, explaining that the valuation target is not far-fetched as […]
B2B Online Marketplace Udaan Becomes India’s Fastest Unicron after US$225 Million Series C Funding
The Flipkart Mafia has done it again. While Flipkart had made headlines earlier this year when acquired by Walmart at a US$16 billion deal, Bengaluru-based B2B online marketplace Udaan – founded by former Flipkart employees – has also become India’s latest unicorn. The startup has recently raised a US$225 million Series C funding round co-led […]
Where are bike-sharing companies pedaling to?
Following Uber and Didi Chuxing, the sharing economy has moved on to micro-mobility in the shape of bicycle or startups. From Ofo to Mobikes, bicycles have been appearing in massive numbers across cities. They are trying to serve as an important addition in transiting between infrastructure – a mode of transportation that could be used […]
Unicorns Dominates Exits in 2018 Creating Multi-Year High Record
Amid the startup landscape, unicorns are few and far between. Just last year, CB Insights worked out the odds of becoming a unicorn – a company with a valuation exceeding $1 billion or more – to be less than 1 percent. But according to new data from CrunchBase, the odds were beaten when in these […]
Freshworks becomes next unicorn with US$100 million funding led by Sequoia, Accel
This makes it one of India’s few unicorns, and the country’s only unicorn in the enterprise software space.