Sources said that Tiger Global may lead a $100 million funding round in ClearTax at a $1 billion valuation whereas Softbank will back Flipkart with a mega $600-700 million funds raise this year.
ETtech Deals Digest: Logistics startups raise bigger financing rounds
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Last Updated: Jun 04, 2021, 07:03 PM IST
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Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands the Thrasio-style venture of former Myntra CEO Ananth Narayanan secured $50 million in a mix of equity and debt.
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Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands, the Thrasio-style venture of Ananth Narayanan, secured $50 million in a mix of equity and debt.
Logistics startup Delhivery has
picked up around $277 million in a new funding round led by US-based Fidelity with Singapore’s sovereign wealth fund GIC also participating, latest regulatory filings accessed by ET showed. Scotland’s Baillie Gifford and Abu-Dhabi-based fund Chimera have come in as new investors in the Gurgaon-based company, which is planning to launch its initial public offering (IPO) next year.
CoinSwitch Kuber, an Indian cryptocurrency investment platform, has raised $25 million (Rs 181 crore) in a Series B round of funding from Tiger Global Management, at a valuation of over $500 million.
This marks the New York-based Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest-funded cryptocurrency player in India. It sets CoinSwitch on the growth trajectory of global cryptocurrency platforms like Coinbase and Binance in the Indian market.
“This is a monumental time for the crypto industry in India and globally, as institutional adoption, as well as retail adoption for this asset class, is increasing exponentially,” said Ashish Singhal, chief executive officer (CEO) and co-founder, CoinSwitch Kuber. “We are thrilled to have Tiger Global Management, the most prolific backers of the Indian start-up story, as investors and mentors in our journey. This investment round brings us at par with some of the most sought-afte
(photo courtesy of ActiveCampaign)
Posted:
Apr 21, 2021 / 10:48 AM EST
INDIANAPOLIS (Inside INdiana Business) A Chicago-based tech company with a presence in central Indiana has closed on its second major round of funding in less than a year and a half. ActiveCampaign, which has developed a customer experience automation platform, says it will use its $240 million Series C round to further product development and open a new office in Indianapolis, while doubling its local workforce over the next 18 months.
The funding round was led by New York-based Tiger Global, with participation from Dragoneer Investment Group in San Francisco, Pennsylvania-based Susquehanna Growth Equity, and Silversmith Capital Partners in Boston.