AngelList India’s Utsav Somani launches iSeed II micro-fund
Angel investor Utsav Somani, who is responsible for bringing AngelList to India, is launching iSeed II, a new $15 million micro-fund to support early-stage Indian tech startup founders.
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YourStory, The next decade belongs to Indian tech startup founders. I think the ecosystem is robust. There is quality talent. There is liquidity that is coming in now across IPOs and late-stage startups.
Less than a year after the launch of iSeed I, the head of AngelList India is launching iSeed II, a $15-million micro-fund to support over 50 Indian tech startup founders with “smart, connected, knowledge capital,” with investments to be made over the next couple of years.
BusinessGrab to unveil worldâs biggest SPAC merger, valued at nearly $40 bln - sources
Anshuman DagaAradhana Aravindan
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A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo
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Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing.
The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020.
/PRNewswire/ Zircon Corporation, manufacturer of the original stud finder, is named Best Wall Scanner and winner in the Popular Mechanics 2021 Tool Awards.
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Education technology became investors’ top priority during the COVID-19 pandemic. Will ed-tech still be an attractive investment once it’s over and in-person learning restrictions are lifted?
VCs are betting big on the future of remote learning. Ed-tech startups raised more than $16 billion globally in 2020, while Coursera’s market capitalization reached over $7 billion in April. In its latest batch, prominent accelerator Y Combinator had the largest number of ed-tech startups, investing in 14 solutions from around the world, including homework apps and teacher monetization.
But, as the dust settles, most learners could eventually get back to the “old normal.” Why? It turned out that online education just isn’t good enough.