Slice is the latest entrant in India’s fast-growing unicorn club

The millennial-focused fintech startup Slice has announced it has raised $220 Mn in a series B with its valuation topping up over $1 Bn in the latest round. With this round, Slice has become the latest entrant in India’s ballooning and fast-growing unicorn club. To be precise, it is the 41st unicorn of the ongoing…

ByGirish ShettiNovember 29, 20210Comments

Funding News

E-commerce roll up startup UpScalio invests in kitchen appliances brand Hestia

E-commerce roll up startups are indeed having a field day. Barely 24 hours after Mensa Brands became India’s youngest unicorn, the Gurugram-based UpScalio announced on Wednesday that it has acquired upcoming kitchen brand Hestia. This is UpScalio’s fourth investment. Its previous acquisition includes Green Soul Ergonomics, Polestar and Trase. The fourth acquisition marks company’s foray…

ByGirish ShettiNovember 17, 20210Comments

Funding News

Tharsio inspired startup Evenflow acquires Online Sports brand Xtrim

E-commerce roll-up firm Evenflow announced on late Thursday that it has acquired online sports brand Xtrim, which is based in the southern city of Chennai. The latest buyout marks Evenflow’s third acquisition in one month. Earlier this month it acquired baby brand BabyPro and Rusabl, the latter being daily brand in online sustainable category. …

ByGirish ShettiNovember 13, 20210Comments

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Sequoia backed Wakefit raises $28 Mn in Series C round at $375 Mn valuation

Sleep and home solution startup Wakefit announced on Thursday that it has raised $28 Mn or INR 200 Cr in a Series C round. U.S. based SIG led the round while existing investor Sequoia Capital and Verlinvest also participated in the funding round. The company commanded a valuation of around $375 Mn or INR 2,800…

ByGirish ShettiNovember 11, 20210Comments

Funding News

K12 Edtech startup BrightChamps secures $51 Mn at $500 Mn valuation

BrightChamps said on Monday that it has closed $63 Mn funding round at $500 Mn valuation. This is an impressive jump in valuation for a company that is barely a year old. BrightChamps also stands out for its unique location since the company is located in Goa, one of the popular tourist destinations of India.…

ByGirish ShettiNovember 8, 20210Comments

Funding News

Paytm Insurance brings Swiss Re to its Cap Table

Paytm's founder & CEO Vijay Shekhar Sharma Digital payment major Paytm announced on Wednesday that its sister firm, Paytm Insurance ltd, has entered a strategic partnership with Swiss Re. Based in Switzerland’s capital Zurich, Swiss Re is a reinsurance company. In all likelihood, this is Swiss Re’s first ever investment in India. This…

ByGirish ShettiOctober 27, 20210Comments

Funding News

Unicorn Party Continues: IPO Bound Rebel Foods is the latest to Turn Unicorn

Rebel foods, which operates plethora of cloud kitchen brands, is the latest Indian startup to cross the billion dollar valuation. The Mumbai based startup announced on Thursday that it has raised $175 Mn in a Series F round led by Qatar Investment Authority with participation from existing investors Coatue and Evolvence. The fresh funding has…

ByGirish ShettiOctober 7, 20210Comments

Funding News

Another day, another unicorn: CoinSwitch Kuber is latest startup to join billion dollar club

The year 2021 is turning out to be nothing short out to of a blockbuster year for the Indian startup industry. The unabated pace at which Indian startups are embracing the unicorn club is indicative of the fact that the domestic startup industry has reached an inflection point. Adding more flair to India’s unicorn story…

ByGirish ShettiOctober 6, 20210Comments

Funding News

With $52 Mn funding, Licious becomes India’s first D2C brand to surpass Unicorn Valuation

Vivek Gupta & Abhay Hanjura, Co-Founders, Licious India’s unicorn world keeps ballooning and inflating. The latest entrant in this coveted world is just as exceptional as was Apna, a blue-collar marketplace that was crowned last nonth as the youngest startup to cross the one billion dollar valuation. Licious, the meat and seafood brand, is actually…

ByGirish ShettiOctober 5, 20210Comments

Funding News

Spiritual Tech Platform AppsForBharat raises $10Mn in Series A

Photo of AppsForBharat founder Prashant Sachan Spiritual tech platform AppsForBharat announced on Thursday that it has raised $10 Mn in Series A funding round. Elevation Capital, which was previously known as Saif Partners, led the round. Other marquee investors including Sequoia Capital India, BEENEXT and Matrix Partner India also contributed in the round. Apart…

ByGirish ShettiSeptember 2, 20210Comments

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