Groww’s valuation hits $3 bn as start-up raises $251 mn in Series E round

Fintech unicorn start-up Groww’s valuation has reached $3 billion after a fundraise of $251 million, led by ICONIQ Growth, including participation from investors like Alkeon, Lone Pine Capital, Steadfast, and existing investors.   The platform, which can be used to invest in direct mutual funds, stocks, ETFs and IPOs, currently has more than 20 million … Read more

Apna becomes youngest startup to enter unicorn club in 21 months

Apna.co, a professional networking platform for blue- and grey-collar workers, has entered the coveted club, or those companies with a valuation of $1 billion or more, in just 21 months, the fastest Indian startup to do so. The company said it had raised $100 million in a new financing round, led by existing investor Tiger … Read more

India a tough market to operate: Zomato’s Deepinder Goyal

Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … 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

Infra.market joins unicorn club with funding from Tiger Global, others

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