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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 t...

Kong Raises $100 Million from Tiger Global & others

10Feb By AdityaNo Comments

FUNDING

Kong Raises $100 Million from Tiger Global & others

SAN FRANCISCO, Feb 10, 2021-- Cloud connectivity platform Kong raises $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. The latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform. The fundraising follows a record year for Kong, marked by a significant increase in adoption of its flagship open-source software Kong Gateway now exceeding 220 ...

13May By AdityaNo Comments

FUNDING

SirionLabs raises $44mn led by Tiger Global, Avatar Growth Capital

SirionLabs, an AI-powered contract lifecycle management (CLM) platform, raises USD 44 million (over Rs 331 crore) in series C funding led by Tiger Global and Avatar Growth Capital. The latest round brings SirionLabs' total capital raised to USD 66 million till date. The earlier rounds were led by Sequoia Capital India, a statement said. "The new funding will be utilised to enhance engineering capabilities at our Gurgaon centre and our newly established AI laboratory in Seattle. We are also using the capital to ramp up SirionLabs' global sales and marketing capabilities, as well as to expand our technology and go to market partnerships," SirionLabs co-founder, chairman and chief executive officer Ajay Agarwal said. Headquartered in Gurugram, SirionLabs' diverse team consists of ...

10Jan By PriyankaNo Comments

FUNDING

Byju’s Raises $300 Million Funding From Tiger Global

NEW DELHI, 10 Jan, 2019: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company. “We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” founder Byju Ravee...

11Dec By PriyankaNo Comments

FUNDING

KredX Raises USD 26 mn in Series B funding

KredX, an invoice discounting platform has raised USD 26 million (about Rs 187 crore) in a funding round led by Tiger Global Management. The series B round also saw participation from an existing investor for a minority stake in the company, a statement said. KredX was founded by Manish Kumar and Anurag Jain in 2015 to help businesses meet their short-term working capital needs by facilitating discounting of their unpaid invoices. As on date, KredX has processed over five lakh invoices helping more than 5,000 suppliers through 10,000-plus investors across 36 cities. We are excited to partner with KredX and believe the company has created an efficient and trusted lending marketplace connecting Indian companies with institutional investors," Tiger Global Partner Scott Shleifer s...

16Oct By PriyankaNo Comments

FUNDING

CleverTap raises $35 mn funding from Tiger Global & others

New Delhi, Oct 16- CleverTap, an AI-powered customer lifecycle, and user retention platform has raised USD 35 million (over Rs 250 crore) in series C funding, led by existing investors Tiger Global Management and Sequoia India. This new funding increases CleverTap’s external investment to USD 61 million since the beginning of 2019 a period that has seen the company’s valuation more than double from USD 150 million to USD 385 million, a statement said. "Growing at 250 per cent year-on-year since 2015, CleverTap intends to use the funds to build out its new US-based engineering hub, add enhanced predictive capabilities to its market-leading platform, and fuel an aggressive global go-to-market expansion strategy," it added. Sunil Thomas, co-founder and CEO of CleverTap, said, the la...

Litify Raises $50 Million From Tiger Global

8Jun By NitishNo Comments

FUNDING

Litify Raises $50 Million From Tiger Global

NEW YORK, June 8, 2019-- Litify, a software platform that empowers law firms to better service their clients and grow their business, announced today a Series A investment of $50 million by Tiger Global Management & others. The financing will be used to fund Litify's continued growth and general operations, with a focus on expanding its offerings to a broader customer base, including in-house counsel, a corporate law offering for mid-to-large size firms, and an off-the-shelf solution for smaller-sized law firms. "Tiger Global's investment will allow us to continue growing and to partner with more law firms across the globe and further enhance the customer experience. We're thrilled to have the backing and confidence of a premier tech investment firm with such a proven track rec...

2May By PriyankaNo Comments

FUNDING

Zenoti Raises $50 Million funding from Tiger Global

Washington-- Zenoti, the leading enterprise cloud platform for the beauty and wellness industry, raises $50 million Series C funding led by Tiger Global Management with participation from Norwest Venture Partners and Accel. Zenoti has thousands of customers spanning 44 countries. Using this investment, Zenoti to accelerate the pace of innovation to reshape the industry, to expand into both existing and new geographies and to continue hiring top talent. With today’s funding, Zenoti has raised a total of $71 million. "The beauty and wellness markets are large and growing. Zenoti is improving productivity for many salon and spa operators, and we are excited to partner with Sudheer and his team as they continue innovating,” said Scott Shleifer, Partner at Tiger Global. Reshap...

25Apr By PriyankaNo Comments

FUNDING

Ninjacart Raises $89.5 Million funding from Tiger Global

After CEO Lee Fixel exit, Tiger Global takes first investment opportunity in Indian B2B startup Ninjacart. America based venture capital invested $89.5 million in agritech startup Ninjacart as per the data shows in regulatory filings from registrar of companies (RoC). NinjaCart which delivers and market agricultural produce given 26.5% stake to Tiger Global. After this round of funding, Ninjacart valued close to $320 million. This is the biggest one time investment by Tiger global in an Indian startup, previous large initial investments were Ola ($57.5 million), Delhivery ($43.6 million) and Hike ($43.2 million). Founded in 2015 by Thirukumaran Nagarajan, Ashutosh Vikram, Kartheeswaran K.K., Sachin Jose and Sharath Loganathan, NinjaCart connects farmers to end retailers a...

11Apr By PriyankaNo Comments

FUNDING

CleverTap raises $26 Million Funding Led by Sequoia India & Tiger Global

SAN FRANCISCO-- Customer lifecycle management platform, CleverTap, today announced a $26 million Series B funding round, led by Sequoia India with participation from new investor, Tiger Global Management, and existing investor Accel. The funds will be used to accelerate CleverTap's data science-driven product capabilities and scale to meet fast-growing demand for its customer lifecycle management platform. The new funding brings the company's valuation to more than $150 million. CleverTap's platform enables businesses to deliver omnichannel experiences to millions of their customers in real time. Using CleverTap's proprietary big data and artificial intelligence engine, businesses can analyze billions of user actions, providing marketing and growth teams with immediate customer...

Investment Father of Indian Startups “Lee Fixel” is Leaving Tiger Global

15Mar By PriyankaNo Comments

News

Investment Father of Indian Startups “Lee Fixel” is Leaving Tiger Global

Lee Fixel, one of the most famous low flying name of Tiger Global is leaving the company, according to a letter sent to clients on Thursday seen by Reuters. In the letter, it's written that Lee Fixel a partner and head of the $13 billion private equity business at Tiger Global Management LLC, plans to leave the firm on June 30. Scott Shleifer and Chase Coleman will continue as co-portfolio managers of Tiger Global’s private equity business, with Shleifer to take over as its head, according to the letter. Fixel, who joined Tiger Global in 2006, will invest his own money and “may start an investment firm in the future,” Tiger Global wrote in the letter. “We are grateful for Lee’s innumerable contributions,” the letter said. “Lee has been a driving force behind the expansion of ...

ROPOSO Raises $10 mn from Tiger Global, Bertelsmann India Investments

12Dec By AdityaNo Comments

FUNDING

ROPOSO Raises $10 mn from Tiger Global, Bertelsmann India Investments

Short-video platform ROPOSO Tuesday said it has secured USD 10 million in funding, led by existing investors Tiger Global Management and Bertelsmann India Investments (BII). The company aims to leverage the capital infusion toward product technology, talent acquisition, and further expanding its 25 million-member community, ROPOSO said in a statement. ROPOSO has raised USD 31 million till date. We are growing at a phenomenal pace with our personalisation engine that caters to different types of audiences simultaneously... (We have) a monthly active user base of 7.5 million. At this rate, we are set to grow exponentially in the coming six months," Roposo CEO and co-founder Mayank Bhangadia said. Roposo has extensive plans to enter the micro markets of India, and build up resour...