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Job Market Platform Apna Raises $70M at $570 million valuation

21Jun By PriyankaNo Comments

FUNDING

Job Market Platform Apna Raises $70M at $570 million valuation

BANGALORE, India, June 21, 2021-- Apna, the leading job-based platform in India raises $70 million Series B round led by Insight Partners and Tiger Global. Existing investors, Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC have also participated in the round. The investment amounts to an endorsement of Apna's undisputed market leadership and stellar business growth. With this investment Apna has now raised over $90 million and is now valued at $570 million, within 16 months of product launch. The team plans to double down on their edtech platform for skilling by continuing to invest in hiring exceptional talent and building world-class engineering and product capabilities. Additionally, Apna plans to expand to high potential international markets such a...

16Jun By PriyankaNo Comments

FUNDING

BrowserStack raises $200 mn funding at $4 billion valuation

DUBLIN and SAN FRANCISCO, 16th June 2021: World’s leading software testing platform BrowserStack raises USD 200 million in funding, led by BOND. The Series B round, which valued the company at USD 4 billion, also saw participation from Insight Partners and existing investor, Accel, a statement said. BrowserStack offers software testing on the cloud and has over 50,000 customers and more than four million developer signups across 135 countries. Its products help developers build bug-free software. BrowserStack was founded in 2011 at a coffee shop to solve one problem testing on different browsers, leading to BrowserStack’s first version, which helped developers test their websites on Internet Explorer 11. The investment will support BrowserStack’s strategic acquisitions, expansion ...

Zeta raises USD 250 mn from SoftBank at USD 1.45 bn valuation

25May By PriyankaNo Comments

FUNDING

Zeta raises USD 250 mn from SoftBank at USD 1.45 bn valuation

Mumbai, May 25th, 2021: Technology startup in banking sector Zeta raises USD 250 million from Japanese investment major SoftBank at a valuation of USD 1.45 billion, its co-founder and chief executive Bhavin Turakhia announced on Monday. This was the first-ever institutional investment in the 2015 founded company and also a first for Turakhia, a serial entrepreneur who has started four businesses. The investment happened from SoftBank's Vision Fund II. Zeta's main product offering is focused on retail banks, which integrates mobile app, debit processing, credit processing and lending platform without changing the existing core banking systems. Its customers include the largest domestic private sector lender HDFC Bank and a slew of others. The company had raised an undiscl...

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

17May By PriyankaNo Comments

Market

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

Tel Aviv, Israel, 17th May 2021: Digital Analytics firm Similarweb announced the trading of its initial public offering on the New York Stock Exchange. An aggregate of 8,000,000 ordinary shares were sold at a price to the public of $22.00 per share in the offering. Similarweb offered 7,500,000 ordinary shares and the selling shareholder named in the prospectus offered 500,000 shares. In addition, Similarweb has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. Founded in 2009, Analytics firm Similarweb raises $180 million at a valuation close to $1.6 billion. The shares are begin trading on the New York Stock Exchange under the ticker symbol “SMWB.” ...

Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

28Apr By PriyankaNo Comments

Market

Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

Bengaluru, 04/28/2021: India-based food delivery company Zomato files for a $1.1 billion IPO, and through this IPO its initial investor Info Edge will earn $100 million (Rs 750 crore) in the initial public offering. In a regulatory filing, Zomato is proposing IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent. "The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to a such number of shares of Zomato Ltd as would aggregate up to $1.1 billion (around 7500 crores)," it added. The terms and conditions of these ...

Live Stream Market Could Touch $245 Billion By 2027

9Apr By PriyankaNo Comments

ANALYSIS

Live Stream Market Could Touch $245 Billion By 2027

PALM BEACH, Fla., 04/09/2021-- Live Streaming markets actually fared well recently due to the global pandemic and gained precedence in light of emerging social media platforms and affordable data consumption plans. Live streaming software allows users to present a live feed of events. It has been recently been used by social media influencers for gaining followers and debate on interesting topics. According to a recent report from Market Research Future (MRFR), the global live streaming market can expand to USD 247,275 million by 2027. The report included few very important points that we mentioned below, The market is deemed to expand owing to the emergence of various social media platforms providing voice to opinions and commentaries on various interests. This is attributed t...

Gupshup Raises $ 100 Million from Tiger Global at $1.4 billion Valuation

8Apr By PriyankaNo Comments

FUNDING

Gupshup Raises $ 100 Million from Tiger Global at $1.4 billion Valuation

SAN FRANCISCO, 04/08/2021 - Gupshup, the leader in conversational messaging has raised $ 100 million in funding from Tiger Global Management, bringing the company's valuation to $ 1.4 billion. This financing will be followed by a second round of financing, in which further investors will bring in considerable funds. Details will be announced at a later date. This latest round of financing follows several years in which Gupshup has risen to become the global market leader in conversational messaging through profitable growth, product innovation and customer acceptance. The Gupshup API enables over 100,000 developers and businesses to create messaging and conversational experiences, who send over 6 billion messages per month on more than 30 messaging channels. Gupshup will use th...

Hitachi acquires GlobalLogic for $9.6 billion

2Apr By PriyankaNo Comments

ACQUISITION

Hitachi acquires GlobalLogic for $9.6 billion

TOKYO, March 04/02/2021— Japanese leading tech firm, Hitachi, Ltd. (TSE: 6501, “Hitachi”) acquire GlobalLogic, a leading U.S.-headquartered digital engineering services company for $9.6 billion. Through the acquisition, Hitachi expects the addition of GlobalLogic’s advanced digital engineering capabilities, and its solid client base including major technology companies, to strengthen the digital portfolio of “Lumada." Lumada is the name of Hitachi’s advanced digital solutions and services for turning data into insights that drive digital transformation of social infrastructure. The acquisition will accelerate the advanced digital transformation of social infrastructures such as rail, energy, and healthcare on a global scale. Headquartered in Silicon Valley, GlobalLogic is a le...

30Mar By PriyankaNo Comments

ACQUISITION

Dropbox to Acquire DocSend for $165 Million

SAN FRANCISCO, 03/30/2021-- Dropbox, Inc. (NASDAQ: DBX) to acquire DocSend, a secure document sharing, and analytics company with more than 17,000 customers for $165 Million. “Given the dramatic rise in remote work, there’s increased demand for digital tools that help people organize their content and seamlessly collaborate with each other,” said Dropbox Co-Founder and Chief Executive Officer, Drew Houston. “DocSend is a perfect complement to our product roadmap and we’re thrilled to welcome them to our team. By bringing Dropbox, HelloSign, and DocSend together, we’ll be able to offer a full suite of secure, self-serve products to help them manage critical document workflows from start to finish.” As work becomes more distributed, effective collaboration with external parties feels ...

22Mar By PriyankaNo Comments

FUNDING

Purplle.com raises USD 45 mn from Sequoia & others

Mumbai, 03/22/2021: Beauty products selling platform Purplle.com raises USD 45 million involving a clutch of investors, led by Sequoia Capital India joining as a new investor. Sequoia, along with existing investors Verlinvest, Blume Ventures and JSW Ventures, put fresh capital into the company. Ivy Capital, an existing investor, has partially exited its investment making returns of 22 times, a statement said. Collectively, the total money invested across the fresh investment by backers and the partial exit by Ivy comes at USD 45 million. The company did not detail the split between the two. The statement said the investment will bolster the brand''s ambition to deliver 8-10X growth in the next 4-5 years. Its co-founder and chief executive Manish Taneja said it has delivered 90 ...

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

News

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priva...

HubSpot Acquire Online Media Company The Hustle

23Feb By PriyankaNo Comments

ACQUISITION

HubSpot Acquire Online Media Company The Hustle

Feb 23RD, 2021: CRM-based platform Hubspot acquires an online media company The Hustle for an undisclosed deal. The Hustle produces a newsletter, podcast, and premium research content. The move will give HubSpot more ways to offer its community of scaling companies valuable content across a broader range of topics and a more diverse set of media. “For many customers, their first introduction to HubSpot is through our educational blog, Academy, and YouTube content, not our software. More recently, our customers have started to seek out news and trends-based content across new forms of media like podcasts, newsletters, and research,” said Kieran Flanagan, SVP of marketing at HubSpot. “By acquiring The Hustle, we'll be able to better meet the needs of these scaling companies by deli...