New rules will be effective from Monday
The firm said its annual recurring revenue (ARR) now exceeds $100 million
The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23
BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising
The edtech major has raised about $4.5 billion since it was founded 10 years ago
While demand stays strong, raw material movement/further price hikes could hit sales/margins
Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, travel and hospitality technology platform OYO's Founder and Group CEO Ritesh Agarwal said on Monday. Commenting on India crossing the 100 unicorns mark, in a post on Twitter, he said it is "not just a milestone but a stepping stone that lays the path for the next 1,000 unicorns." Retweeting his video message posted by Startup India, Agarwal said, "I am bullish on Indian entrepreneurs taking the world by storm. Founders should remember that valuations are temporary, values are forever. Focus on doing good & stay grounded." In the video message, he said it seems like India is not walking anymore when only one or two unicorns were added a year. "We are now sprinting towards glory to make India the largest entrepreneurial ecosystem in the world," he said. He listed out the presence of entrepreneurs and markets in Tier II, III and IV towns in ...
The Chairman of the USD 44-billion Aditya Birla Group also said that ultimately unit economics will have to matter.
After Zepto bagged $100 mn and Dunzo raised Reliance funding, now Swiggy has turned a decacorn. It is planning to go big on quick commerce. Find out how Swiggy doubled its valuation in six months
Matteo Pusineri, director of Asia Impact SA said through the pandemic, the investment firm has seen Arya transform agri-commerce across India
Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.
Pricing is a 'critical issue' for upcoming companies and small investors must be protected when they back them, says Ajay Tyagi.
The investment will be utilised for the company's expansion in West Asia, Australia, and Southeast Asia, and to strengthen its foothold in India
This comes on the back of record highs in the stock markets, caused by a fast-growing digital economy and greater optimism for the post-Covid growth trajectory of the Indian economy
The funding round is said to be led by existing investor Tiger Global and is still ongoing
Many are hoping that the shares will do well going ahead due to the relatively attractive valuations
In July 2019, Ola Electric raised $250 mn from SoftBank, when it was just a two-year-old firm. The investment made the fledgeling venture a unicorn
Higher demand for discretionary products and price hike to support margins
Fundraise includes Series F equity round of $340 mn, debt of $110 mn
There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly in a lease rent agreement with ONGC