Saturday, April 13

Tag: unicorn

Indian startups raise USD 63 bn since 2016, generate 27 unicorns
INDIA

Indian startups raise USD 63 bn since 2016, generate 27 unicorns

New Delhi, 1st Oct 2020: The startup's ecosystem has raised as much as USD 63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns, according to the data collated by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance. According to them, this makes India the third-largest tech startup ecosystem in the world. Of the total inflows, nearly half came in 2019 alone USD 34 billion, and USD 17 billion in 2020 till May. The time period also created as many as 27 unicorns in the country. Unicorns are those with USD 1 billion or more valuation. Tech-enabled players continue to drive investors' interest and have dominated the early-stage funding landscape here. According to Rajat Tandon, the president of the Indian Private Eq...
PolicyBazaar.com Raises 1360 Crore From Softbank Vision Fund, Enters Into Unicorn Club
FUNDING

PolicyBazaar.com Raises 1360 Crore From Softbank Vision Fund, Enters Into Unicorn Club

ETechAces and Consulting which operates PolicyBazaar.com has raised over USD 200 million (around Rs 1,360 crore) through a fresh round of investment led by Japans SoftBank. In a statement, the online insurance aggregator said, "it has clinched over USD 200 million in an investment round led by SoftBank Vision Fund, with participation from existing investors, including InfoEdge (Naukri.com)." The current round of funding will value the company over USD 1 billion. When Pixr8 News contacted, the company spokesperson declined to comment on the valuation part but said part of the funds would be used to grow the lending, investment and insurance business along with new initiatives such as healthcare tech and services and international expansion. The celebrated tech Unicorn club in In...
Swiggy Beats Zomato In Terms Of Market Valuation
BUSINESS

Swiggy Beats Zomato In Terms Of Market Valuation

The war between food delivery companies is at the peak from the past few days and is expected to continue for a longer time. The companies are continuing to bag in big capital flows with Swiggy being the recent one to join the league. According to the past news that we all know about Swiggy-Zomato war, with the investment of $210 million in its latest round of funding, Swiggy has reached the market valuation of $1.3 billion and has got the tag of Unicorn. Along with this, the big news is that company has exceeded Zomato in the market valuation of $1.1 billion after a $200 million funding round from Chinese online retailer Alibaba’s payment affiliate Ant Financial. Therefore, Swiggy is now leading the food delivery ecosystem. “With this investment, we will continue to widen Swiggy’s off...
Zomato vs Swiggy- The Much Heated ‘Unicorn’ Battle over $2.5 Bn Worth Foodtech Industry
ANALYSIS

Zomato vs Swiggy- The Much Heated ‘Unicorn’ Battle over $2.5 Bn Worth Foodtech Industry

It's just been three months when Food Delivery Platform Zomato raised $200 Mn from Ant Financials and now it is gearing to raise fresh $200 Mn from Alibaba. Interestingly, Zomato's arch-rival Swiggy is too nearing to acquire unicorn status as it is reportedly raising $200 million from Yuri Milner’s DST Global. While Swiggy has declined to reveal any information regarding its proposed funding, Zomato too has chosen to remain tightlipped. However, one thing is confirmed that with players eyeing a big chunk of the pie, the Indian food tech industry is surely going to witness a heated battle in the times ahead. This year has been really eventful for food tech where in March, Swiggy raised $100 million from Naspers, while Zomato raised $200 million from Ant Financials in February. Whil...
Biggest Venture Backed Companies Worth Nearly $500 Billion: Report
ANALYSIS

Biggest Venture Backed Companies Worth Nearly $500 Billion: Report

The total valuation of late-stage, venture-backed private companies in the UnitedStates and Europe has exploded from a few dozen startups worth acollective $40 billion in 2010 to hundreds of firms thattogether are now worth almost $500 billion, according to a report released Thursday. The numbers show the magnitude of the recent trend in which the biggest Silicon Valley startups raise hundreds of millions or even billions of dollars from hedge funds, mutual funds and other private investors while delaying their entrance into public markets. There are now 471 late-stage private companies - defined as firms that have raised at least $75 million through at least three rounds of financing - with an approximate valuation of$490 billion, according to the report from Scenic Advisement, aSan...
Times Internet Looks to Join USD 1 Billion Club in next 5 years
News

Times Internet Looks to Join USD 1 Billion Club in next 5 years

Times Internet, the digital product company owned by media conglomerate BCCL, is looking to be a billion dollar firm in the next five years, riding on the back of greater reach and high growth of internet penetration. As part of the strategy, Times Internet will adopt an "aggressive" approach and pursue organic as well as inorganic growth and try to enhance and monetize its reach. "Times Internet would cross Rs 1,000 crore in terms of net revenue during this fiscal and is aiming to become a billion dollar company (revenues) by 2021," Times Internet CEO Gautam Sinha told Pixr8. "Times Internet has a current compounded annual growth rate (CAGR) of 46 per cent and expects to increase it to 51 per cent, going forward." Times Internet, according to him, has evolved itself as the biggest...
Problem & Solution of India’s Next Unicorn
BLOGS

Problem & Solution of India’s Next Unicorn

Recent Global News Highlights Report: TutorGroup, a Shanghai-based online language learning provider, raised nearly $200M in Series C round, led by Singaporean sovereign fund, GIC and Goldman Sachs bringing its valuation to over $1B Varsity Tutors, an online platform connecting students with tutors for in-person and online sessions, raised $50M in Series B round led by Technology Crossover Ventures. Instructure, a cloud-based learning management system provider, went public on 13 Dec, 2015. Apple acquired Education Startup LearnSprout   Is EdTech today an increasingly attractive business for venture funding? According to Tracxn global EdTech report (Mar 2016), over $9.9B has been invested in the sector in the last 10 years with more than one third of the amount invested ...