In an interview, Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech highlighted the following – “We started our new initiatives after the market started focusing on profitability. We are not reducing our new initiatives or killing them. We are only getting a little more efficient, which is exactly what we would do anyway. … Read more
Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap-table. This round has witnessed participation from ETS Global (world’s largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore’s Kaizen Management Advisors Pvt. … Read more
The founders Yashish Dahiya and Alok Bansal are together selling 2.3% of their stake into the Company. Key points to note – After sale, the founders’ cumulative stake will reduce from 10.33 % to 8.01% percent on a fully diluted basis. Sale will be executed on February 11, 2022 through block deal. Expected realisation from … Read more
Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands – RPM fitness, Fitkit and Onefitplus. The deal size was not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain. “The brands were built and scaled by Mohit Mathur and his … Read more
Beauty startup Nykaa has raised Rs 2,395.84 crore in its anchor book allocation from 174 investors ahead of its initial public offering (IPO). The firm allocated 21,296,397 shares at the upper price band of Rs 1,125 per equity share, it said in an exchange filing. Some of the marquee investors include Black Rock, Fidelity, … Read more
Mirakl just raised a $555 million Series E led by Silver Lake. The startup builds tech tools that help retailers build third-party marketplaces. The funding round, valuing Mirakl at $3.5 billion, came a year after its $300 million Series D. The e-commerce explosion during the COVID-19 pandemic has resulted in retailers big and small rethinking … Read more
With the market capitalisation of Freshworks crossing over $13 billion on its debut day at Nasdaq Stock Exchange, around 500 employees or around 12 per cent of the company’s total staff strength of around 4,300 have become ‘crorepatis’ in India and more interestingly over 70 of them are below the age of 30 years. … Read more
Application programme interfaces (API) platform Postman has raised $225 million in new funding led by existing investor Insight Partners along with new investors like Coatue, storied Silicon Valley investor Mary Meeker’s Bond Capital and Battery Ventures joining the round. Post this funding, Postman is now valued at $5.6 billion. This makes the seven-year-old startup the … Read more
India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore. According to the company’s draft red herring proposal (DRHP) … Read more