Start-Ups

Existing investors such as B Capital and International Finance Corporation (IFC) and CDC have also participated in the fresh funding. This is the maiden round for the Mumbai-based company in 2021. Bizongo, an e-commerce packaging company, has raised $110 million [Rs 825 crore] in a Series D round of funding led by Tiger Global. Existing investors such as B Capital, the International Finance Corporation (IFC), and the Canadian Development Corporation (CDC) have also contributed to the new funding. Tiger Global led the Series D round with a $45 million [Rs…

Qualcomm Ventures invested $5 million in the company about 13 years ago The price band for the offer has been fixed at Rs 1,000-Rs 1,033 per equity share Qualcomm Ventures, the investment arm of chipmaker Qualcomm Inc, will exit lucratively from MapMyIndia after the Indian digital-map provider goes public this week with a Rs 1,040 crore initial public offering (IPO). According to its Red Herring Prospectus, Qualcomm Ventures invested $5 million in the company about 13 years ago, at an average share price of about Rs 52.20 per share. The price…

Ronnie Screwvala-led edtech major upGrad will acquire Gurugram-based edtech platform Talentedge The acquisition will be done in the range of INR 350 Cr-INR 400 Cr. UpGrad, led by Ronnie Screwvala, will acquire Gurugram-based edtech platform Talentedge to strengthen its position in the higher education space.The deal’s value was not disclosed by the company. According to sources, the acquisition will cost between INR 350 Cr and INR 400 Cr. According to an upGrad statement, the company has reached an exclusive agreement to acquire Arrina Education Services, the holding company of Talentedge…

The San Francisco-headquartered startup has raised $50 million in its Series D financing round. Sense focuses on catering to the blue-collar workers and helps firms manage the talent’s entire lifecycle at the firm. Sense, an HR tech startup that assists some of the world’s largest staffing and recruitment agencies in finding and hiring talent on time, increased its valuation to $500 million in a new financing round. The San Francisco-based startup has raised $50 million in its Series D funding round, according to the company. SoftBank Vision Fund 2 led…

Virtual or in Real, we have got you covered with an exciting list of Tech startup events or conclaves happening soon in 2021 & 2022 As a media agency reporting all the latest updates related to startups, we know how challenging it is for budding entrepreneurs to survive. Establishing a startup is not at all a cakewalk. Startup conferences are an excellent way to meet like-minded people, attract investors, and get things going. They’ll open a whole universe of new ideas, offers, and industry pro-tips. Such gatherings are an important…

Turtlemint witnessed a stable financial performance in the financial year 2021 This comes at a time when the company is in talks with New York’s Tiger Global Management to raise a new round Turtlemint, an insuretech platform, has a steady financial performance in fiscal year 2021. The Mumbai-based company increased its operational revenue by 35% to Rs 63 crore in FY21, up from Rs 46.8 crore the previous fiscal year (FY20). Commission and brokerage accounted for Rs 60.36 crore of Turtlemint’s total operating income in FY21, accounting for 96 percent of…

The company’s operating revenue dwindled 4% to Rs 24.30 crore in FY21 Niyo’s expenses were also reduced by 4% to Rs 112.22 crore in FY21 from Rs 117.19 crore in FY20.  Neobanking startup Niyo, one of the first movers in India’s customer-focused neo banking industry with a focus on the blue-collar group is yet to hit critical scale despite its early mover advantage. Niyo’s revenue increase in its fifth fiscal year (FY21) has been negative. The company’s operating revenue fell 4% to Rs 24.30 crore in FY21, down from Rs 25.32…