Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That led to an $80 million fundraising haul last November, led by Iconiq Growth. Now, the company is in talks for another round that could more than double its old valuation. Visit the Business section of Insider for more stories. When Wes Schroll went … Read more
Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
Amazon-backed food delivery startup Deliveroo is anticipated to float in 2021, marking a rare high-profile British technology float. Like rival Uber Eats, Deliveroo allows consumers to order restaurant food via an app and relies on a network of gig economy cyclists and motorcyclists to make the deliveries. During the coronavirus pandemic, it has expanded into … Read more
Tonal, a digital fitness company that uses electromagnetic technology to create resistance training, has become one of the most popular at-home exercise systems. The fitness brand increased sales eight fold in 2020 and to-date it has raised more than $200 million from investors including several high-profile athletes. “Intelligent fitness is the next evolution of the … Read more
Entrepreneurial intention cannot reach actualization in the absence of a proper industrial and business atmosphere. The society and policymakers have to ensure that the environment for investment is conducive in terms of (1) socio-cultural and political supports, labour and industrial laws; (2) ease of processing and no harassment in registration and certification; (3) helping attitude … 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
Healthcare startup Qure.ai has raised $16 million in an equity funding round led by Sequoia India, with participation from MassMutual Ventures Southeast Asia, it said Thursday. MassMutual Ventures is the investment arm of US-based MassMutual Life Insurance Company. Founded in 2016 by Prashant Warier and Pooja Rao, Qure.ai provides interpretations of radiology scans within seconds, … Read more
Private equity firm ICICI Venture Funds-backed patisserie Theobroma Foods Pvt. Ltd has set out on an aggressive expansion plan as it looks to multiply its sales fourfold over the next three to four years, two senior executives of the company said in an interview. “We plan to grow our sales to ₹500 crore, the number … Read more