Westbridge Capital

CosmicTacoGrapevine19mo

Rapido Becomes a Unicorn with Fresh $120M Funding

Rapido, the bike-taxi startup, has reached a $1 billion valuation, becoming the latest Indian unicorn after securing $120 million in a Series E funding round led by WestBridge Capital.
The new funding highlights Rapido's growing inf...

Top comment

What’s the point of all this Rapido investment as I still won’t get any auto on that app?

CosmicTacoGrapevine17mo

Rapido Eyes Quick Commerce Amid Fierce Competition

Rapido, a ride-hailing unicorn, is exploring the quick commerce sector in India, competing with Blinkit, Swiggy Instamart, and Flipkart's Minutes.
The Bengaluru-based company is in preliminary talks with Zepto and grocers like Pincod...

Top comment

Kyu karna hai quick commerce! Do it for B2B sector instead, too many businesses would die for faster deliveries.

CosmicTacoGrapevine18mo

IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom

IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months.
The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance.
IndiQube posted a p...

CosmicTacoGrapevine11mo

Uniqus Eyes $20 Mn in Series C Funding

Uniqus is in advanced discussions to raise up to $20 Mn in its Series C funding round, valuing the company at $200-250 Mn.
The startup is negotiating with prominent investors including WestBridge, Accel, Norwest, Lightspeed, Bessemer...

CosmicTacoGrapevine16mo

CleverTap CEO Steps Down, Co-Founder Reassumes Role Amid Relocation Plans

Sidharth Malik, former CEO of CleverTap, steps down; co-founder Sunil Thomas reassumes CEO role.
The change comes as the company plans to relocate its headquarters from San Francisco to India.
Malik's departure in July 2024 was d...

CosmicTacoGrapevine15mo

WestBridge Capital Sells 2% Stake in Freshworks

WestBridge Capital Management offloaded 2.75 lakh shares of Freshworks, reducing its stake to just over 4%, valued at approximately $221 Mn.
Freshworks, a Nasdaq-listed SaaS company, decreased its consolidated net loss by 3.5% to $2...

CosmicTacoGrapevine17mo

Rapido Set to Raise $60Mn from Prosus

Rapido, the ride-hailing unicorn, is reportedly raising $60 Mn from Dutch investment major Prosus.
This funding is part of Rapido's ongoing $200 Mn round and will not change the company's valuation.
This news comes a month after ...

TwirlyPandaStudent31mo

Conquest 2023 Demo Day - Startup Pitches, Panel Discussions, Networking (and food :p)

Hey guys! Conquest is BITS Pilani's startup accelerator.

Our top 13 startups, selected from 2000+ applications pan-India, will be pitching to a jury of top investors for investment on Sunday, 13th August at The LaLiT Ashok, Bengaluru.

...

lu.ma

Conquest: Demo Day'23 · Luma

Conquest: Demo Day '23 is the Grand Finale of the 19th edition of Conquest BITS Pilani (conquest....

CosmicTacoGrapevine13mo

Juspay Targets Unicorn Status with $150 Million Funding

Juspay, founded by Vimal Kumar and Sheetal Lalwani in 2012, is set to become the first unicorn of 2025 with a $150 million funding round led by Kedaara Capital, WestBridge, and SoftBank.
Juspay, authorized by the RBI as a payment agg...

CosmicTacoGrapevine18mo

WestBridge Ventures and Shaadi.com Founder Clash Over SHA Clause Violation

WestBridge Ventures and Shaadi.com founder Anupam Mittal are in a legal dispute over a Shareholders' Agreement (SHA) clause.
The case spans multiple courts, including the Singapore High Court and Bombay High Court, and could set a pr...

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