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Indian Logistics Tech Platform Becomes India’s 106th Unicorn After Raising $33.5 Million

Logistic enablement platform Shiprocket raised $32.6 million in the latest funding round from returning investors. The funding round was co-led by Singapore’s Temasek and Lightrock India.  The firm was valued at around $1.2 billion with a fresh round of funding, joining India’s exclusive club of unicorn companies. Other investors that also joined the round include […]

Chinese Firm Raises $110 Million In A Funding Round Led By SoftBank And Sequoia

China-headquartered e-commerce SaaS platform Dianxiaomi has raised $110-million in Series D funding led by SoftBank Vision Fund 2 and Sequoia China. The funding round also participation from Tiger Global Management, GGV Capital, and Huaxing Growth Capital.  The Series D funding brings the company’s total funding for the year 2022 to $210-million. The company plans to […]

Softbank Warns Of Longer Startup Winter Due To Unicorn Founders Unwilling To Cut Valuations

Softbank Group has recently reported a quarterly loss of more than $23 billion. The company said this net loss in the June quarter “was recorded mainly due to the monetization of investments in public portfolio companies.” As a result, this may cause a longer funding winter for startups.  Masayoshi Son, the founder and chief executive […]

Xpressbees Raise $24.6 Million From Avendus’ Future Leaders Fund II

India-based Logistics unicorn Xpressbees has secured $24.6-million as a secondary investment from Avendus’ fund, Avendus Future Leaders Fund II.  Before this latest development, Xpressbees’ parent company Busybees Logistics Solutions, reported a 33% growth in its operating revenue and narrowed the company’s losses by 36% in the financial year 2020-2021.  Amitava Saha, the founder of Xpressbee […]

Malaysia-based TNG Digital Raises $168.3-Million From The Latest Equity Funding Round

Touch ‘n Go Group announced today that TNG Digital Sdn Bhd that the latest equity funding round has resulted in a fresh injection of  RM750-million ($168.3-million) into TNG Digital.  In a statement on Monday, TNG said the funding round was led by new investment in TNG Digital, the Lazada group, and a follow-on investment by […]
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