Category: Start-Ups

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,”…

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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…

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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…

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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…

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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…

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The online investment platform Upstox has raised $25 million from existing investor Tiger Global. Tiger Global is an existing investor in Upstox The month of November has already witnessed five startups becoming unicorns with two more entering the coveted club this week. Now, a sixth company has turned into a unicorn: Upstox. Existing investor Tiger Global has contributed $25 million to the online investing platform. The new funding looks to be part of a larger round for the company. According to regulatory documents, Upstox has approved the offering of 18761…

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Full-stack used car retailing platform Spinny has turned unicorn after raising around Rs 1,849 crore The company was valued at around $750-800 million during its Series D round.  Spinny, a full stack used car retailing platform, has become a unicorn after receiving around Rs 1,849 crore ($248 million) in its Series E round from new and existing investors. The new financing comes four months after the Gurugram-based company received more than $100 million in its Series D round led by Tiger Global. According to regulatory filings, Spinny has passed a…

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Salesken confirmed that it has raised $22 million in a new funding round The funds will be used to accelerate salesken’s entry into the North American market Sales conversion Artificial intelligence startup Salesken confirmed that it has secured $22 million in a Series B round of investment led by M12, Microsoft’s Venture Fund. Abhi Kumar, Partner at M12, will join Salesken’s board of directors. Existing investor Sequoia India also joined in the recent round of funding. According to an official release, the funds will be allocated to boost Salesken’s entry…

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Lending marketplace Indify raises Rs.340 Cr in a recent fundraising round Indifi operates an online lending platform that offers third-party loans to micro, small and medium enterprises Indifi, which operates an online lending platform that provides third-party loans to micro, small, and medium-sized businesses, has received Rs 340 crore (about $47 million) in mixed equity and debt round headed by CX Partners and OP Finnfund Global Impact Fund I. The equity round was also supported by existing investors CDC Group, Omidyar Network, Flourish Ventures, Elevar Equity, and Accel Partners. The…

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Delhivery allots ESOPs worth Rs 46.3 Cr to 66 employees Delhivery issued 146,961 Series I preference shares at an issue price of Rs 38,000 per share on September Delhivery, a logistics and supply chain services company, has granted new ESOPs to over a dozen former and present employees immediately after submitting its drafts red herring prospectus (DRHP) to earn Rs 7,460 crore through an initial public offering (IPO) (IPO). According to the company’s regulatory filings, Delhivery approved a special resolution to issue 12,17,500 equity shares worth Rs 46.3 crore to…

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