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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 […]
Indian Fintech Startup OneCard Raises $100 Million In Funding, Attaining Unicorn Status
Indian fintech company OneCard has attained unicorn status after its latest funding round, which valued the company at a whopping $1.4-billion. This valuation makes the company India’s 104th member of the country’s club of unicorns. Singapore state investor Temasek led the fundraising with participation from investors such as Sequoia Capital India, Ocean View Investment, QED […]
Blockchain Unicorn Animoca Brands Raises US$75 Million At A $5.5 Billion Valuation
Hong Kong-based blockchain gaming firm Animoca Brands announced today that it had raised $75-million at a $5.5-billion valuation even as the markets suffer from the collapse in cryptocurrency prices. The latest funding round is Animoca’s fifth since the beginning of last year. The latest raise is supported by investors like Liberty City Ventures, Kingsway Capital, […]
Unicorn Edtech UpGrad Doubles Valuation After $225 Million Funding Round
India-based edtech unicorn that was founded by Ronnie Screwvala, a cable TV-era entrepreneur has doubled its valuation after raising $225 million in its latest funding round. The latest funding round included billionaire James Murdoch’s Lupa Systems and U.S. testing and assessment provider Educational Testing Service which develops standardized tests such as the Test of English […]