Posts filtered by tags: Bangalore[x]


 

Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise

Unacademy has raised $440 million in a new financing round as the Indian online learning startup looks to expand into multiple additional categories. Temasek led the Bangalore-based startup’s new financing round while Mirae Asset and existing investors including SoftBank Vision Fund 2, General Atlantic, Tiger Global as well as Zomato co-founder and chief executive Deepinder Goyal and Oyo founder Ritesh Agarwal participated in it, the startup said without disclosing the name of the new round (whi...
Tags: Google, Startups, Apps, Asia, Education, India, Funding, Goldman Sachs, Zomato, Bangalore, Ritesh Agarwal, Deepinder Goyal, Temasek, Bernstein, Oyo, Lightspeed Venture


India’s ShareChat valued at $2.88 billion in $145 million fundraise

Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, less than three months after it . Temasek and Moore Strategic Ventures led the new tranche of investment while Mirae-Naver Asia Growth fund participated in the new financing round (Series F), the Bangalore-based startup said. TechCrunch reported earlier this month that six-year-old ShareChat was in talks to raise at around $2.8 billion valuation. ShareChat has ...
Tags: Social, Apps, Asia, India, Funding, Tech, New Delhi, MoJ, Bangalore, Blume Ventures, Temasek, Josh, Sachdeva, Dailyhunt, James McIntyre, Mirae


Fitness app HealthifyMe to expand worldwide after raising $75M Series C from LeapFrog and Khosla Ventures

People shopping around for a fitness app already have a plethora to pick from: MyFitnessPal, Noom and Lifesum, to name a few. Founded in India, HealthifyMe is betting that users around the world will prefer its range of customizable health programs. The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and North America. HealthifyMe is the first Indian health tech startup LeapF...
Tags: TC, Asia, Fitness, Singapore, India, Tech, Malaysia, North America, Khosla Ventures, Bangalore, Fitness App, Stanford Graduate School of Business, India Southeast Asia, Vision Fund, Vashisht, Healthifyme


Indian food delivery startup Swiggy raises $1.25 billion led by SoftBank and Prosus

It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus Ventures. The new financing round, a Series J, includes the $800 million investment the Bangalore-based startup had disclosed to employees earlier this year. (SoftBank alone invested $450 million in the new round.) The new round, which Swiggy says was “heavily oversubscr...
Tags: Amazon, Food, Startups, Apps, Asia, Ipo, India, Softbank, Funding, Zomato, Accel Partners, Bangalore, Ola, Bernstein, Swiggy, Manish Singh


Blackstone acquires majority stake in Simplilearn for $250 million

Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million. Simplilearn operates an eponymous online bootcamp to help people learn data science, AI, machine learning, cloud computing and other skills that are in demand in the market. The startup has partnerships with several universities and colleges including IIT Kanpur, Caltech, and Purdue University and students enrolling and completing these courses get a certificate from...
Tags: Fundings & Exits, Startups, Asia, Education, India, San Francisco, M&a, Blackstone, Bangalore, Purdue University, Mayfield, Mayfield Fund, Simplilearn, Krishna Kumar, Byju, Facebook Microsoft Amazon


Lenskart valued at $2.5 billion following $220 million investment from Temasek and Falcon Edge Capital

Temasek and Falcon Edge Capital have led a $220 million investment in Indian omni-channel eyewear retailer Lenskart, valuing the Bangalore-based startup at $2.5 billion. The new investment, which includes primary and secondary transactions, is part of a new round Lenskart unveiled a month ago when it raised $95 million from global investment fund KKR. Bay Capital and Chiratae also participated in the new round. Peyush Bansal, founder and chief executive of Lenskart, said the profitable startup —...
Tags: Health, TC, Ecommerce, Asia, Ipo, Southeast Asia, India, Softbank, Funding, Tech, Middle East, Bangalore, Temasek, Falcon Edge Capital, Mena, MobiKwik


Indian storytelling platform Pratilipi raises $48 million led by gaming giant Krafton

Pratilipi, an Indian startup that operates an online storytelling platform to enable writers to share their work in various formats, said on Wednesday it has raised a $48 million financing round led by Krafton. South Korean gaming giant Krafton led the Series D round for the seven-year-old Bangalore-based startup, bringing its to-date raise to $78.8 million. Existing investor Omidyar Network India as well as scores of high-profile entrepreneurs including Pratilipi chief executive Ranjeet Pratap ...
Tags: Apps, Asia, India, Funding, Tech, Vodafone, Nexus Venture Partners, Bangalore, Singh, Amit Agarwal, Mekin Maheshwari, Unacademy, Hemesh Singh, Pratilipi, Krafton, Omidyar Network India


Flipkart valued at $37.6 billion in new $3.6 billion fundraise

Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is considered as the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year. The new round of funding — by far the largest for any Indian startup — was led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, along with investments from sovereign funds DisruptAD, Qatar Investment Aut...
Tags: Google, Amazon, Facebook, Ecommerce, Asia, India, Softbank, Funding, Tech, Walmart, Flipkart, Bangalore, Amazon India, Myntra, Ekart, Walmart International


Temasek, Warburg Pincus, and Bhavish Aggarwal invest $500 million in Ola

Temasek and an affiliate of Warburg Pincus are investing $500 million in Indian ride-hailing giant Ola, the Bangalore-headquartered startup said in a short statement Friday. Ola co-founder and chief executive Bhavish Aggarwal is also participating in the new investment, the startup said. This is the first time SoftBank-backed Ola, which leads the market in India, has raised money since its Series J financing round two years ago, according to records on insight platform Tracxn. Ola said in a stat...
Tags: Asia, India, Softbank, Tech, Bangalore, Ola, Warburg Pincus, Temasek, Bhavish Aggarwal, Aggarwal, Ola Electric, Temasek Warburg Pincus, Tracxn Ola, Ola Temasek


Zomato targets $1.3 billion IPO at as high as $8.6 billion valuation

Zomato, a food delivery startup in India, said on Thursday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on July 14 and closes July 16. The loss-making startup said it will price its shares in the range of 72 Indian rupees (96 cents) to 76 ($1) and is targeting an upper limit valuation of $8.56 billion. Zomato, which competes with Swiggy — the market leader according to several industry estimates — said after a successful IPO it will have about $2 bill...
Tags: Amazon, Food, Startups, Apps, Asia, India, Zomato, Tiger Global, Bangalore, Gurgaon, Swiggy, Ant Group, Temasek Tiger Global


Dispatch from Bangalore

A startup founder, who hasn’t had much sleep all week, woke up on a recent Sunday to a phone call from his co-founder. A senior engineer was feeling burnt out and was contemplating leaving. For the founder, who had several calls scheduled with many high-profile Silicon Valley investors later in the day, talking this developer out of leaving the job quickly became the top agenda item for the rest of the weekend. There’s a joke among many startup founders in Bangalore that hiring two to three engi...
Tags: TC, Asia, India, Softbank, Funding, Tech, Venture Capital, Fidelity, Silicon Valley, Goldman Sachs, Tiger, Bangalore, Accel, Lightspeed, Temasek, Tracxn


India’s Furlenco raises $140 million for its furniture and appliance renting service

Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations in the South Asian market and explore international market expansion. The new $140 million financing round, a Series D, comprises $120 million debt raise and rest in equity, the seven-year-old Indian startup told TechCrunch. The new financing round was led by Zinnia Global Fund. CE-Ventures and Lightb...
Tags: Asia, India, Funding, Tech, Atlantic, Middle East, Bangalore, Rentomojo, Furlenco, Lightbox Ventures, CE-Ventures, Zinnia Global Fund, Zinnia Global Fund CE Ventures, Tracxn Furlenco, Ajith Mohan Karimpana


Daily Crunch: In one of India’s largest exits, Swedish media giant MTG buys PlaySimple for $360M

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 2. We are heading into a holiday weekend here in the United States, so you might imagine that tech news slowed down. It did not, as we’ll see shortly. Looking ahead, TC Early Stage 2021: Marketing & Fundraising is next week and Disrupt is around the corner. Get hype! — Alex TC Early Stage 2021: Marketing & Fundraising ki...
Tags: Google, TC, Facebook, California, India, Los Angeles, San Francisco, Tech, United States, Gm, SEC, Ibm, Alex, American, Bangalore, SPAC


India’s Licious raises $192 million for international expansion

Licious, a Bangalore-based startup that sells fresh meat and seafood online, has raised $192 million in a new financing round as it looks to expand its footprint beyond the South Asian market. The new round — a Series F — was led by Singapore’s investment firm Temasek and Multiples Private Equity. The round, which brings the six-year-old Indian firm’s to-date raise to over $285 million, values the startup at more than $650 million (according to a person with direct knowledge of the matter), up f...
Tags: Food, Ecommerce, Asia, Singapore, India, Funding, Tech, Bangalore, Temasek, Vertex Ventures, Abhay Hanjura, Vivek Gupta, Licious, 3one4 Capital, Vertex Growth Fund, Bertelsmann India Investments Vertex


Swedish gaming giant acquires India’s PlaySimple for $360 million

Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in company shares. There’s also another $150 million reward put aside if certain undisclosed performance metrics are hit, the two firms said. Friday’s deal marks one of the largest exits in the Indian startup ecosystem. PlaySimple had raised $4 million ...
Tags: Fundings & Exits, TC, Gaming, Asia, India, Tech, Stockholm, Bangalore, MTG, Modern Times Group MTG, Chiratae Ventures, Elevation Capital, Siddhanth Jain Suraj Nalin, Preeti Reddy, Maria Redin, MTG Group


Swedish gaming firm MTG acquires India’s PlaySimple for $360 million

Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for at least $360 million, the two firms said Friday. MTG said it will pay 77% of the acquisition sum to Indian game developer and publisher in cash and the rest in company shares. There’s also another $150 million reward put aside if certain undisclosed performance metrics are hit, the two firms said. Friday’s deal marks one of the largest exits in the Indian startup ecosystem. PlaySimple had raised $4 million ...
Tags: Fundings & Exits, TC, Gaming, Asia, India, Tech, Stockholm, Bangalore, MTG, Modern Times Group MTG, Chiratae Ventures, Elevation Capital, Siddhanth Jain Suraj Nalin, Preeti Reddy, Maria Redin, MTG Group


Tiger Global in talks to back Indian fintech Yap

Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter. The New York-headquartered firm is in talks to lead a $35 million financing round in Yap — also known as YapPay and M2P — that values the Bangalore-headquartered startup at about $350 million, up from about $67 million in March this year (per data insight platform Tracxn), the people said. At the current stages of negotiation, Tiger Global ...
Tags: Asia, New York, Finance, India, Funding, Tech, Tiger Global, Bangalore, Yap, Bank of America Everyone


Tiger Global leads $31.5M investment in interactive edtech Quizizz

Quizizz, an Indian startup that is making learning more interactive so that students find it compelling to spend more hours studying, said on Wednesday it has raised $31.5 million in a new financing round. Tiger Global led the Series B financing round in the five-and-a-half-year-old startup. Yahoo co-founder Jerry Yang and existing investors Eight Roads Ventures, GSV Ventures, Nexus Venture Partners also participated in the new round. Quizizz, which concluded its previous financing round in Marc...
Tags: Apps, Asia, Education, Yahoo, Indonesia, California, India, Funding, Tech, Kenya, Tiger Global, Jerry Yang, Nexus Venture Partners, Tiger Global Management, Bangalore, Eight Roads Ventures


Accel closes on $3B across three funds as it ramps up global investing

Accel announced Tuesday the close of three new funds totaling $3.05 billion, money that it will be using to back early-stage startups, as well as growth rounds for more mature companies. Notably, the 38-year-old Silicon Valley-based venture firm is doubling down on global investing. The announcement underscores both the robust confidence investors continue to have for backing startups in the tech sector and the amount of money available to startups these days. Specifically, today Accel is a...
Tags: Fundings & Exits, Startups, TC, Europe, Utah, London, Mexico, Finance, Ipo, Funding, Tel Aviv, Tech, Munich, Venture Capital, Silicon Valley, Michigan


Fleet software startup LocoNav raises $37 million to expand in developing markets

LocoNav, an startup that is helping drivers and fleet owners in over two dozen nations run their vehicles more efficiently and save money, said on Monday it has raised $37 million in a new financing round. Five-year-old LocoNav’s new financing round, a Series B, was funded by Quiet Capital, Anthemis Group, Foundamental, Sequoia Capital India, RIT Capital Partners, Uncorrelated Ventures, Village Global and others. The new financing round brings the to-date raise of LocoNav, which has offices in S...
Tags: Asia, Funding, Africa, San Francisco, Tech, SaaS, SnapDeal, Bangalore, Gurgaon, Gupta, Anthemis Group, David Greenbaum, Sequoia Capital India, Village Global, Anjali Joshi, Quiet Capital


Slice raises $20 million to go after the credit card industry in India

Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how people engage with their credit cards. Existing investors Gunosy, Blume Ventures and others financed the new round in the Bangalore-headquartered startup, it said. Even as hundreds of millions of Indians today have a bank account, only about 30 million have a credit card. Most people in the South Asian ...
Tags: Apps, Asia, Finance, India, Funding, Tech, Payments, Zomato, Slice, Bangalore, Blume Ventures, Bajaj, Gunosy, Shinji Kimura, Gunosy Blume Ventures, Reserve Bank of India Morgan Stanley Image


Kevin O'Brien, Ireland's hero of Bangalore, retires from ODI cricket

Allrounder steps down from 50-over format but will continue in Tests and T20Is
Tags: Sport, Ireland, Cricket, Bangalore, Kevin O Brien


The many hats of a technical solutions engineer

Welcome to the latest edition of “My Path to Google,” where we talk to Googlers, interns and alumni about how they got to Google, what their roles are like and even some tips on how to prepare for interviews.Today’s story is all about Sanjay Khubchandani, a technical solutions engineer based out of our Bangalore office. Find out how participating in coding competitions led him to becoming a technical solutions engineer at Google.What do you do at Google?I am a technical solutions engineer in Goo...
Tags: Google, Bangalore, Sanjay, TSE, Google Careers, Google Bangalore, Life at Google, My Path to Google, Daphne Karpel, Sanjay Khubchandani


FamPay, a fintech aimed at teens in India, raises $38 million

How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million. TechCru...
Tags: Startups, TC, Apps, Y Combinator, Asia, Instagram, Finance, India, Funding, Tech, Netflix, General Catalyst, Global Founders Capital, Bangalore, Greenoaks Capital, Jain


UBS investment makes Byju’s the most valuable startup in India

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money). In a new filing, Byju’s revealed that scores of investors including Abu Dhabi government fund ADQ and Phoenix Rising had together invested about $350 million in the startup. The new valuation helps Byju’s surpass Paytm, which was last va...
Tags: Asia, Education, India, Funding, Tech, Ubs, Abu Dhabi, Bangalore, Paytm, UBS Group, Byju, Phoenix Rising, B Capital Group, Byju's, Eric Yuan Blackstone


Refyne raises $20.1 million to help workers in India get faster access to wages

A young Indian startup that is betting that earned wage access solutions will take off in the South Asian nation said on Wednesday it has closed a new round from high-profile investors. Bangalore-based Refyne said on Wednesday that it has raised $16 million in Series A from partners of DST Global and RTP Global. The one-year-old startup also disclosed that it raised a $4.1 million seed round in December from Jigsaw VC and QED Investors and XYZ Capital, all of whom also participated in the new ro...
Tags: Asia, Finance, India, Funding, Tech, DST Global, QED Investors, Bangalore, McDonald, South Asian, Sharma, Nigel Morris, Refyne, RTP Global, Earned Wage Access, Chitresh Sharma


Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks

“Digital transformation” has been on the mind of many an organization in the last year: the pandemic and the shift it’s brought to how we work are speeding up investments in new apps, infrastructure and work practices to improve productivity regardless of where we sit all day. Now, it looks like we’re on to the next stage of that journey: actually figuring out how to adopt and run with all that new tech. In a sign of the times, today a startup called Whatfix — which has built a platform that hel...
Tags: Europe, Enterprise, Softbank, Funding, Digital, Tech, Artificial Intelligence, San Jose, Bangalore, Digital Assistants, Cisco Investments, Kumar, Bausch Lomb, Chatbots, SoftBank Investment Advisers, WhatFix


Indian giant Tata Digital to invest $75 million in fitness startup CureFit

Tata Digital, a subsidiary of Indian conglomerate Tata Sons, said on Monday it has signed a deal to invest up to $75 million in fitness startup CureFit. As part of the deal, CureFit co-founder and chief executive Mukesh Bansal will join Tata Digital as President and also continue in his role at the Bangalore-headquartered startup. Monday’s investment is the salt-to-steel giant’s latest effort to expand its presence in the consumer tech space. Earlier this year, Tata Group acquired majority stake...
Tags: Health, Startups, India, Funding, Flipkart, Bangalore, App Annie, Tracxn, Tata Group, Myntra, Bansal, Mukesh Bansal, Tata Sons, CureFit, Tata Digital, TechCrunch Joining Tata Digital


Tata Digital to invest $75 million in CureFit

Tata Digital, a subsidiary of Indian conglomerate Tata Group, said on Monday it has signed a deal to invest up to $75 million in fitness startup CureFit. As part of the deal, CureFit co-founder and chief executive Mukesh Bansal will join Tata Digital as President and continue in his role at the Bangalore-headquartered startup. Monday’s investment is the salt-to-steel giant’s latest effort to expand its presence in the consumer tech space. Earlier this year, Tata Group acquired majority stakes in...
Tags: Funding, Tech, Bangalore, Tata Group, Bansal, Mukesh Bansal, India Being, Tata Digital, Tracxn Joining Tata Digital


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. But in a sign of the growing investor bullishness regarding Indian startups, even early-stage companies that have largely been bereft of much similar attenti...
Tags: Asia, Germany, India, Funding, Tech, Tigers, Mumbai, Tiger Global, Tiger Global Management, Bangalore, Lightspeed, Falcons, Better Capital, Nandan Nilekani, South Asian, Fleek