Alpha Wave Global
Fast-fashion startup Virgio, founded by former Myntra chief Amar Nagaram, is contemplating shutting down its operations less than a year after raising funds at a valuation of over $160 million,…
Vineet Rao, co-founder and chief executive of Indian social commerce DealShare, has stepped down from the top role, the Tiger Global- and Alpha Wave Global-backed startup said Monday. Rao will…
Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear…
Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users…
DealHub secures $60M for sales tools to configure, price and quote
Configure, price and quote software, also known as CPQ software, is designed to help sellers quote complex and configurable products, like heavy trucks with different types of chassis and engines.…
CRED is raising $140 million in a new financing round, its fourth funding in the past year and a half, as the Indian fintech startup courts millions of high credit…
1K Kirana raises $25 million for its hyperlocal shopping and distribution platform
1K Kirana, an Indian startup that operates an eponymous hyperlocal shopping app and retail distribution network, has raised $25 million in a new financing round as it attempts to help…
Cars24, a marketplace for used cars, has laid off about 600 people just five months after closing a $400 million financing round, the latest Indian unicorn to cut its workforce…
Revise raises $3.5 million to build rails for programming NFTs
A popular criticism of NFTs is that they are just static JPEG files. Technically, they are not, of course. They are pieces of code on a blockchain, which means they…
Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter. Alpha Wave Global,…
India’s Classplus raises $70 million to help teachers and creators expand their reach
At a time when so many edtech firms in India are attempting to cut their reliance on teachers, a Noida-based startup that is helping teachers and creators operate, manage and…
Ola said on Thursday evening it has reached an agreement to acquire Avail Finance, a financial services startup that serves the blue-collar workforce, as the ride-hailing giant looks to expand…
Indian social commerce DealShare bags $45 million from ADIA, eyes international expansion
Abu Dhabi Investment Authority is backing the Indian social commerce startup DealShare, the two said Thursday, joining a roster of marquee investors doubling down on India’s fast-growing e-commerce market. A…
India’s Moglix valued at $2.6 billion in $250 million funding
Moglix has more than doubled its valuation to about $2.6 billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in many…
Athletic Greens valued at $1.2B after bagging $115M to expand nutrition drink footprint
The product combines over eight nutritional products into one, including multivitamins, probiotics and immune support and is approaching its 53rd iteration later this year.
Featured Article
Record number of unicorns and IPOs: Indian startups raised $39B in 2021
In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the…
