A former Amazon executive is quietly building a new $1 billion business inside Instacart that’s trying to rival Facebook and Google

Instacart’s ad business generated hundreds of millions in sales last year. It’s led by an exec who grew Amazon’s ad operation into a Google and Facebook competitor. Some advertisers say Instacart doesn’t share enough strong data to make it worth larger investments. See more stories on Insider’s business page. Instacart is building an advertising business … Read more

Successful Launch Brings OneWeb Closer to ‘Five to 50’ Ambition

OneWeb confirms successful launch and contact with all 36 satellites, bringing total in-orbit constellation to 218 satellites. One launch away from providing connectivity to regions north of the 50th parallel. Customer service on track to begin at the end of the year LONDON, May 29, 2021 /PRNewswire/ — OneWeb, the Low Earth Orbit (LEO) satellite communications company, … Read more

Groww looks to expand offerings

The Bengaluru-based company now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange traded funds. It is backed by fintech investor Ribbit Capital, YC Continuity Fund, and Propel Ventures, apart from Tiger Global and Sequoia. The company has raised more than $142 million from investors, of which $113 million came … Read more

StashAway to raise $25 million USD in Series D funding round led by Sequoia Capital India

  DUBAI, UAE, April 26, 2021 /PRNewswire/ — StashAway is raising $25 million USD in its Series D funding round led by Sequoia Capital India, one of the region’s leading venture capital firms. StashAway’s existing investors, Eight Roads Ventures, the global investment firm backed by Fidelity International and early investor in Alibaba; and Square Peg, the largest venture capital fund in Australia, also participated in the round. The … Read more

‘I’ve never seen it this frenzied

In the first quarter this year, U.S. startups raised $69 billion from investors—41% more than the previous record, set in the fourth quarter of 2018, according to data firm PitchBook Data Inc. The average valuation for startups at all stages also reached a new high, and more than tripled from last year to $1.6 billion … Read more

How Lijjat Papad wrote its success story with only Rs 80 for seed capital

The fairytale success of Lijjat Papad — a multi-million-dollar venture founded by seven women in a crowded Mumbai tenement in 1959 with seed capital of 80 rupees ($1.10) — belies its revolutionary feminist aspirations. The cooperative employs 45,000 women across India, offering them a job for life as “co-owners” of the enterprise, whose wafer-thin snacks … Read more

Grab to unveil world’s biggest SPAC merger, valued at nearly $40 bn: report

Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings will announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing, four people told Reuters. The merger, which will be the biggest blank-check company deal ever, underscores the frenzy on Wall … Read more

Zerodha founder Nikhil Kamath shares his story

Nikhil Kamath, along with his elder brother Nithin Kamath, co-founded Zerodha, India’s biggest stock brokerage company in terms of volume. The brother also founded True Beacon, an asset management company. The brothers entered Forbes’ list of India’s 100 richest 2020. The younger brother, in a recent interview, laid bare his life’s story. From being a … Read more