Indian Startups17mo
by WigglyBananaCorporate Strategist
InCred becomes 2nd unicorn of 2023 after raising $60 Mn in a new round. At $1.03 Bn valuation.
So Zepto was the first, InCred becomes the second one. 2 unicorns this entire year 🙀
CosmicTaco
Moneyview Becomes Unicorn After $4.6 Mn Investment from Accel India and Nexus Ventures
- Accel India invested INR 19.5 Cr and Nexus Ventures invested INR 19.1 Cr in Moneyview.
- The fintech startup is now valued at $1.2 Bn, making it the sixth unicorn of 2024.
- Moneyview also acquired earned wage access platform Jify to diversify its offerings.
- The startup's board approved the issuance of 60.23 Lakh equity shares to Accel and Nexus at INR 64.15 each.
- Moneyview competes with Flexiloans and Fibe, and previously raised $75 Mn in Series E funding in December 2022.
Source: Inc42
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Curated from across
by CosmicTacoGrapevine
M2P Fintech Eyes $80 Mn Funding from Helios, Nears Unicorn Status
- M2P Fintech is negotiating with Helios Investment Partners for an $80 Mn funding round.
- The deal includes $50 Mn in primary and $30 Mn in secondary infusions.
- This funding could push M2P's valuation to $800 Mn, close to unicorn sta...
Indian Startups16mo
by DerpyTacoZepto
Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀
Sad state of Indian Edtech. Next would be Unacademy.
Top comments
First unicorn of 2024 ?
Also weekly reminder that edtech is a scam
Yet Byjus used to be the poster boy of indian edtech industry. It's all their handiwork. Bad karma always bites back.
by CosmicTacoGrapevine
Ather Energy Joins Unicorn League with $71 Mn Funding from NIIF
- Ather Energy, an electric two-wheeler manufacturer, secured $71 Mn (INR 600 Cr) from National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3 Bn post-money.
- NIIF was an investor in Ather's Series E round, which...