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Peak XV downsizes its $2.85 billion fund by 16% a year after Sequoia US-India split
Venture capital firm Peak XV Partners, formerly Sequoia Capital India, has pared the size of its $2.85 billion fund by 16% more than a year after it split from Silicon Valley-based investor Sequoia Capital. Peak XV’s eighth India and Southeast Asia-dedicated fund will see its corpus being cut by $465 million with the bulk of the reduction coming in its growth-stage.
03 Oct, 2024, 04:29 PM ISTIndia’s first AI unicorn Fractal said to weigh $500 million IPO
Fractal Analytics, India's first AI unicorn, is planning an IPO in Mumbai to raise $500 million, aiming for a valuation of at least $3.5 billion. The company, co-founded by IIM Ahmedabad graduates, has over 4,500 employees and notable clients like Google and Unilever.
24 Sep, 2024, 02:35 PM ISTEdtech unicorn Lead Group appoints new CGO, CFO
While Arpit Jain will spearhead the finance and legal functions of the group, CGO Arvind Singhal will be tasked with providing a comprehensive direction to develop and implement its growth strategy to serve more schools and students across India.
24 Jan, 2024, 02:49 PM ISTWhy are DIIs and FIIs buying in India? Saurabh Mukherjea on what changed in market in one month
FIIs are returning to the Indian market due to the strength of the dollar and the weakness of the rupee. Saurabh Mukherjea, founder of Marcellus Investment Managers, says that in the past six weeks, his portfolio has increased by 8-9% due to FIIs' return. Mukherjea believes that Asian Paints, Pidilite, and Bajaj Finance have such significant competitive advantages that it is challenging for any rivals to enter these markets.
10 May, 2023, 12:27 PM ISTIndia's money-spinning IPL razzmatazz is back home with rivalries and more business
IPL will be played in India after three years where spectators are allowed as well, who were a big miss in recent Covid-stricken years. The razzmatazz is crazy for the fans and the players, who along with support staff and franchisee members, will be travelling across the country over the next 52 days till May 28 playing a total of 74 matches. The money-spinner is also set to earn big bucks for franchises as sponsors pour in sackful of money.
31 Mar, 2023, 05:24 PM ISTOn a sticky funding wicket, startups give IPL sponsorship a miss
Some new-age cos still negotiating to buy spot ad deals, instead of becoming sponsors.
26 Mar, 2023, 06:34 PM IST- All
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1mg is India’s 21st unicorn of 2022; TikTok hacked, over 2 billion user records stolen
Tata Digital, a wholly owned subsidiary of the Tata Group, acquired a majority stake (51-60%) in 1mg for a total deal size is in the range of $220-240 million last June.
06 Sep, 2022, 07:48 PM ISTCountdown to 2047: Can India feed entrepreneurial appetite by removing obstacles?
Since 2020, India has added nearly 300,000 companies, increasing the total number by a third. Even small-time entrepreneurs are showing interest in joining the formal system of compliance. The total number of one-person companies has tripled to 43,000 since 2020.
14 Aug, 2022, 11:08 PM ISTAsian unicorns are trading 40% cheaper in private markets
The affected billion-dollar companies range from financial technology and e-commerce to mobility and consumer, according to AJ Patel, a senior member of the venture capital secondaries team of the Toronto-based advisory firm Setter Capital.
02 Aug, 2022, 11:29 AM ISTStartup funding in India plummeted by 33% to $6.9 billion in Q2: Report
VerSe Innovation, Delhivery, Udaan, ShareChat, and upGrad were the top five players in Q2 in terms of fundraising.
07 Jul, 2022, 03:32 PM ISTETtech Deals Digest: India gets its sixth SaaS unicorn of 2022
LeadSquared, StashFin and Cashify were the startups who raised big this week.
24 Jun, 2022, 07:35 PM ISTRBI’s new mandate sparks confusion among fintechs; Foxconn may make EVs in India
The regulator’s directive quickly sparked confusion and frustrations among fintech startups, which told us the RBI appears to be giving banks full control over innovation in the fledgling sector.
22 Jun, 2022, 07:12 AM ISTLeadSquared is the latest SaaS unicorn; Matrix to raise $450M India fund
LeadSquared raked in $153 million from WestBridge and others to join the unicorn club
21 Jun, 2022, 07:26 PM ISTHow to torch your unicorn
Ankiti Bose is right to fear for her reputation. The confident, charismatic businesswoman ran a burgeoning empire that spanned from Indonesia and Bangladesh to Sri Lanka and India, connecting Asian factories with global brands.
18 Jun, 2022, 08:45 AM ISTInfra.Market raises $50 million in funding from Liquidity Group’s Mars Unicorn Fund
The company counts Tiger Global, Accel, Evolvence India, Sistema Asia Fund, Foundamental Gmbh and Nexus Venture Partners among its investors.
14 Jun, 2022, 07:53 AM ISTGlobal venture funding set to fall 19% in Q2 2022: report
Number of deals is projected to drop by 22% from the previous quarter.
20 May, 2022, 06:23 PM ISTZerodha’s revenue & profits soar; Tata Neu’s tech fix; and CoinDCX’s valuation doubles
Zerodha’s cofounder Nithin Kamath spoke to ETtech exclusively and gave us a lowdown on the latest financials at the country’s largest online brokerage firm.
19 Apr, 2022, 08:27 AM ISTHow will the India story be for the next 3 years? Goldman Sach’s Tim Moe explains
“If the starting point for India is paying over 20 times earnings, then one should not expect as strong returns as we have enjoyed over five-year investing intervals. However, this is a really strong caveat to that. It looks like India would be able to deliver quite strong earnings growth because of the very favourable underlying fundamental dynamics.”
10 Apr, 2022, 08:36 AM ISTLawyer boards BharatPe; Livspace is 7th unicorn of 2022
Ashneer Grover has already called current chief executive Suhail Sameer “spineless” and accused him of dancing to the board’s tunes. Now with another investor-led board member, the differences between Grover and the board will only grow.
08 Feb, 2022, 08:52 PM ISTIndia to overtake Japan as Asia's 2nd largest economy by 2030: IHS
The rapidly growing domestic consumer market as well as its large industrial sector have made India an increasingly important investment destination for a wide range of multinationals in many sectors, including manufacturing, infrastructure and services.
07 Jan, 2022, 03:23 PM ISTRebel Foods plans $150 million investment to acquire, scale new food brands
The investment pool will be used in the next few quarters, to scale up existing and new partnerships with more than 40 Indian and international brands, the company said in a statement.
14 Dec, 2021, 07:28 PM ISTVedantu turns unicorn after $100-million funding
Vedantu has raised $100 million in a new funding round led by Temasek-backed ABC World Asia, catapulting it into the unicorn club. more investors are expected to join in as the round has not closed yet.
29 Sep, 2021, 07:53 PM ISTEd Tech: Monitoring the online tutors
The pandemic saw a flurry of online tech enabled tutors – from Byju’s or Unacademy to New Oriental Education or Koolearn Technology Holding Ltd –mushroom or bloom, selling courses for profit for toddlers to teenagers, so that they can beat the best, in maths or mandarin, coding or chemistry.
26 Aug, 2021, 10:50 PM ISTSGX Nifty up 80 points; here's what changed for market while you were sleeping
Asian markets opened higher on Tuesday as investors took heart from rallies on Wall Street partly fuelled by vaccine hopes. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 1.19 per cent.
24 Aug, 2021, 08:18 AM IST25 unicorns in 8 months
Zetwerk has become India’s youngest billion-dollar startup after a $150-million funding round. Microsoft has invested in Oravel Stays ahead of the Oyo IPO.
20 Aug, 2021, 08:44 PM ISTCloudtail India to shut down in May 2022
In today's Top 5: Amazon India's biggest seller is halting operations from next May, UpGrad is joining the startup unicorn club, and Paytm is seeking to expand ESOP pool.
09 Aug, 2021, 07:23 PM ISTJupiter Capital to launch $150 million Asian private equity fund
The J Capital Asia Fund I will invest in 30-40 tech and disruptive consumer brand companies, Jupiter Capital CIO David Abikzir says.
30 Jun, 2021, 11:45 AM ISTSingapore's Carro becomes a unicorn before IPO
Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, has raised $360 million in its latest funding round led by SoftBank Vision Fund II.
15 Jun, 2021, 08:54 AM ISTBlockchain brings unicorns to millennials
Why should only the wealthy get to ride unicorns to further riches?
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