The cratering economy at the start of the pandemic led to a dropoff in funding rounds for seed-stage companies, according to deals databases PitchBook, Crunchbase, and CBInsights. But anecdotally, early-stage investors say they can barely keep up with their deal flow. One reason for the discrepancy is that startups are calling their seed rounds by … Read more
Info Edge on Friday said its investee company Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 billion. “Zomato Pvt Ltd has closed a primary fundraise of $195 million from six different investors…The transactions valued Zomato at … Read more
Advent, in partnership with former TransUnion CEO Jim Peck, will accelerate Nielsen Global Connect’s transformation and support its continued innovation in consumer and market measurement Nielsen to hold a conference call to discuss today’s announcements as well as its third quarter 2020 financial results at 8:00 a.m. U.S. Eastern Time (ET) on Monday, November 2nd, … Read more
Remote fundraising has become common for startups as the coronavirus pandemic continues to restrict the ability to travel and take meetings in person. Usually, founders and executives pitch prospective investors for funding at swanky city offices before an investment committee makes a decision. Subsequently, there is a lengthy due diligence process, technical and market questions, … Read more
Online education startup Byju’s on Tuesday said BlackRock, Sands Capital and Alkeon Capital have joined as new investors, as part of the ongoing $500-million fundraising round. Earlier this month, Byju’s raised funds from a group of investors, including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures and Tiger Global … Read more
Choosing Singapore as its regional headquarter for the market, this news comes just months after the venture capital firm announced raising over $4 billion across four different global funds to support early and growth stage startups. Lightspeed said that it is deploying capital in the Southeast Asian market, from these global funds. In India, Lightspeed … Read more
China’s tech giant Alibaba Group is unlikely to sign fresh deals in Indian companies in the coming months amid higher scrutiny on Chinese investments amid tension between the two nations, said a person familiar with the development. Alibaba is among other Chinese investors who have pulled the brakes on new investments in Indian startups after … Read more
Though Advent did not provide any financial details or the percentage of the stake to be acquired, sources in know of the matter said the deal gives RA Chem Pharma an enterprise value of around Rs 1,000 crore. They also said the PE firm is acquiring up to 60 per cent stake in the pharmaceutical … Read more
The ongoing covid-19 crisis has deeply impacted the Indian startup ecosystem with close to 12% startups stating shutdowns, according to a survey jointly conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Angel Network (IAN). The nationwide survey on the ‘Impact of covid-19 on Indian start-ups’, conducted across 250 startups, said … Read more