Tag: Prosus Ventures
JioMart, the e-commerce venture from India’s richest man, launches in additional cities
The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio…
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India’s logistics aggregator Shiprocket raises $13M to expand overseas
Shiprocket, a New Delhi-based logistics aggregator that works with direct-to-consumer sellers including several social media influencers, has raised $13 million in a new financing round as it looks to expand its platform overseas. Silicon Valley-based investment firm Tribe Capital led Shiprocket’s Series C financing round. Innoven Capital and existing investor…
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Indian education startup Byju’s is fundraising at a $10B valuation
Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part…
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India’s Swiggy raises $113M led by Prosus
Weeks after Zomato acquired Uber’s food delivery business in India, its chief local rival is bulking up some ammunition of its own. Swiggy, India’s largest food delivery startup, announced on Wednesday it has raised $113 million as part of its Series I financing round. Prosus Ventures, the biggest venture capital…
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Facebook backs Indian education startup Unacademy
Unacademy, one of India’s fastest growing education startups, has just received the backing of a major technology giant: Facebook. The social juggernaut has participated in the four-year-old Indian startup’s Series E financing round, sources familiar with the matter told TechCrunch. General Atlantic is leading the round, the size of which…
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7-month-old Simsim secures $16M for its social commerce in India
Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience in the digital world with help from influencers. The Gurgaon-based startup said it raised $16 million across Seed, Series A,…
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