App for daily gold savings, Jar has raised $32 million in a Series A round led by Tiger Global, with Rocketship.vc, Third Prime, Stonks, Force Ventures, and existing investors Arkam Ventures and WEH also participating. Victor Jacobsson, the founder of Klarna, Suleman Ali of Ali Capital, Shamir Karkal, the founder of Sila Money, Byron Ling of Cannan Partners, Joel John of Ledger Prime, and Italic founder Jeremy Cai are among the angel investors who participated in the round. The Series A funding comes on the heels of a $4.5 million…
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Norwest to lead $10 Mn round in edtech startup Udayy
Edtech startup Udayy is in advanced talks to close an investment round from new and existing investors. A year ago, the Gurugram-based startup received a $2.5 million seed round. “Norwest Venture Partners is leading a $10 million round in Udayy while existing backers are likely to participate,” said one of the sources. The person requested anonymity adding that the deal will be completed in a few weeks. Falcon Edge’s Alpha Wave, Info Edge, Better Capital, and CRED founder Kunal Shah are among Udayy’s current investors. Udayy, a two-year-old live learning…
Read MoreWaterfield Advisors raises $6 million in Series-B funding
Waterfield Advisors, a multi-family office and wealth advisory firm, announced on Thursday that it had raised $6 million from single-family offices, ultra-high net worth individuals, and existing investors in a funding round. Waterfield will use the funds to expand its team across the organisation, invest in technology, strengthen its investment advisory platform across listed and unlisted investments, and expand its presence in Singapore, the United Kingdom, the United States, and the Middle East to become the preferred wealth partner for global Indian clients. “Over the past 10 years, we have…
Read MorePine Labs in talks to acquire API infrastructure startup Setu
Pine Labs, an IPO-bound digital payment and financial services provider, is in talks to buy Setu, an API-based infrastructure company, for $70- $100 million in cash and stock, according to three people familiar with the talks. According to one of the people cited above, if the acquisition goes through, Pine Labs will gain access to Setu’s Account Aggregator consent framework and technology, which will help it improve market time for its planned financial services launch. Financial service providers no longer need to make multiple integrations for a single feature thanks…
Read MoreLegalPay raises fund from Hedonova as part of pre-Series A round
LegalPay, an alternative-investments platform specialising in insolvency, legal, and debt financing within insolvency, has raised an undisclosed amount from US-based Hedonova. In December, the company received pre-Series A funding from prominent investors Venture Catalysts and Amity Technology Incubator, as well as participation from existing investors such as Ashwini Kakkar’s family office, the former head of Thomas Cook and co-founder and chairman of via.com; venture capital fund 9unicorns; and other marquee angels such as LetsVenture. Hedonova is a hedge fund based in the United States that invests in a variety of…
Read MoreCountdown begins for India First tech startup cocnclave & awards 2022, Delhi Chapter
The All India Council for Robotics and Automation will host the Delhi chapter of its prestigious India First Tech startup conclave and awards on 17th & 18th of February 2022. The event will feature several exhibitors, interactive sessions on tech startup topics, as well as an award ceremony honouring and recognising innovative startup ecosystem enablers in various categories. The event is being hosted by AICRA with support from the Ministry of Electronics and Information Technology. It will address the key aspects of the startup ecosystem through interactive sessions with the…
Read MoreGupshup acquires Knowlarity Communications for undisclosed amount
Gupshup, a conversational messaging platform, announced the acquisition of Knowlarity Communications for an undisclosed sum on Wednesday. Knowlarity is a cloud communications company that offers services such as cloud telephony, contact centre automation, AI-powered voice assistants, and speech analytics. The acquisition will help Gupshup establish itself as a strong player in the voice and video communications segment, as Knowlarity has over 6,000 customers in 65 countries. appinstlBnr “As business-to-consumer engagement becomes conversational, Gupshup is busy enabling more ways for businesses to deliver rich experiences. With the addition of Knowlarity’s products,…
Read MoreContent sharing app SuperShare raises Series A led by Lightspeed
Quiph’s SuperShare, a smartphone dialer and communication platform, has raised Rs 48.5 crore (approximately $6.5 million) in a Series A round from new and existing investors. This would be the company’s second funding round in the last two years. In March 2020, it raised $1.6 million for its first product, QTalk. Quiph has issued 3861 Series A preference shares for a total of Rs 48.5 crore at an issue price of Rs 125,548.12 per share. Lightspeed led the round with Rs 32.3 crore, while Accel, a previous backer, contributed Rs…
Read MoreShadowfax’s revenue crosses Rs 460 Cr in FY21, losses climb 53 percent to Rs 133 Cr
The scale of Delhivery, Ecom Express, and Shadowfax demonstrates the exponential growth of e-commerce-focused logistics in the last decade. By outpacing BlueDart in terms of revenue in FY21, Delhivery became India’s largest supply-chain company. During the fiscal year ending March 2021, its operating income increased by 31% to Rs 3,646 crore. While Ecom Express has yet to file its annual financial statements for FY21, Shadowfax has shown strong growth, with operating revenue up 43.7 percent. The company’s revenue for FY21 was nearly Rs 464 crore, up from Rs 323 crore…
Read MoreChargebee valuation jumps 2.5X on securing $250 mn from Tiger Global, Sequoia, others
Chargebee, a subscription management platform based on software-as-a-service, announced on Tuesday that it had raised $250 million in a round led by Tiger Global Management and Sequoia Capital, bringing the company’s valuation to $3.5 billion. Existing investors such as Insight Partners, Sapphire, and Steadview Capital also participated in the round. Chargebee Technologies Pvt Ltd, the company that runs Chargebee, has raised $470 million in total. In April 2021, it raised $125 million at a valuation of $1.4 billion. The funds will be used for product innovation and global expansion, as…
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