FutureTech

CoinDCX to try for an IPO as soon as the government allows They are planning to promote blockchain technology CoinDCX, India’s first cryptocurrency unicorn, intends to go public as soon as regulations permit it, as per co-founder Neeraj Khandelwal. The share sale, similar to Coinbase Global Inc.’s U.S. listing earlier this year, would be a key vote of confidence for India’s digital asset industry, Khandelwal said in an interview with Bloomberg Television on Monday. “As soon as the government or the situation allows us, we will try for an IPO,”…

India is leading in the world in startup domain India now has more than 70 unicorn startups Turning the spotlight on the importance of startups, Prime Minister Narendra Modi said on Sunday that India is, in some ways, leading the world in this domain, and that this could be a defining moment in India’s success story. The country now has more than 70 startups or unicorns with valuations exceeding $1 billion. In his radio programme Mann Ki Baat, the Prime Minister stated that in every country with a large youth…

Edtech startup Vedantu launched its first ESOP plan Vedantu became a unicorn startup in September 2021 Edtech startup Vedantu has launched its first-ever employee stock ownership plan (ESOP) liquidity plan worth Rs 20 crore for its employees as part of the startup’s ESOP linked bonus pay-out scheme. According to an email sent by Vedantu’s CEO Vamsi Krishna on Friday, the company will conduct more similar rounds in the future while widening the scope of coverage to include more of its employees. PhonePe announced a Rs 135 crore ESOP liquidity programme…

Dream 11 has scooped up $840 million in a new round led by Falcon Edge, DST Global, D1 Capital, Tiger Global and Redbird Capital. This is a significant jump in Dream11’s valuation  Dream11 [owned by Dream Sports] has raised $840 million in a fresh funding round headed by Falcon Edge, DST Global, D1 Capital, Tiger Global, and Redbird Capital. TPG and Footpath Ventures also joined the round. According to the company, it has raised new funds valued at $8 billion. This is a considerable increase in Dream11’s worth, which was…

OfBusiness became the 18th startup to reach the unicorn milestone earlier this year  profit has surged 72% during the fiscal ending March 2021. The industrial goods and services procurement platform OfBusiness became the 18th company to surpass the unicorn milestone earlier this year after collecting $360 million in two months in successive rounds led by Softbank and Tiger Global. This makes it one of just a few startups among the 39 that have become unicorns this year. While its operational revenue has more than doubled, profit has increased by 72…