Tag: india
Investors race to win early-stage startup deals in India
India may be grappling with the second wave of the coronavirus, rising unemployment, and a dwindling economy, but the South Asian nation’s burgeoning startup ecosystem has never had it better. High-profile investors in India have long aggressively chased growth-stage, and late-stage deals, pouring record amounts of capital into the country.…
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Locus raises $50 million for its logistics management business
Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and…
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Home services platform Urban Company raises $255 million at $2.1 billion valuation
Home services marketplace Urban Company said on Wednesday it has raised $255 million in a new financing round and confirmed a valuation of $2.1 billion, joining over a dozen other startups in India that have earned the unicorn status this year. The new financing round — a Series F —…
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Indian health insurance startup Plum raises $15.6 million in Tiger Global-led investment
The vast majority of people in India, the world’s second most populous nation, don’t have health insurance coverage. A significant portion of the population that does have coverage get it from their employers. Plum, a young startup that is making it easier and more affordable for more firms in the…
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Jai Kisan, a fintech startup aimed at rural India, raises $30 million
Jai Kisan, an Indian startup that is attempting to bring financial services to rural India, where commercial banks have a single-digit penetration, said on Monday it has raised $30 million in a new financing round as it looks to scale its business. Hundreds of millions of people in India today…
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Indian logistics giant Delhivery raises $277 million ahead of IPO
Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered…
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