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The company has also onboarded Hong Kong-based Alpha Wave Global with Hong Kong-based Ward Ferry coming onboard as a new investor during the current round.
Business-to-business e-commerce platform Udaan is offering an ESOP (employee stock ownership plans) liquidity plan worth Rs 175 crore to employees, according to people in the know. The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals. In a letter to employees, Co-Founders Amod Malviya, Sujeet Kumar, and Vaibhav Gupta said leading investors had shown interest in taking part in the organisation’s journey ahead through a secondary stock buyout programme. “We want to take this opportunity to r...
Infra.Market turns unicorn with funds from Tiger Global, others The startup has been profitable since 2016 and in FY20 it posted a net profit of ₹8 crore. iStockphoto 1 min read Share Via Read Full Story Infra.Market, a B2B startup catering to the construction and infrastructure sector, has joined the coveted unicorn club after raising $100 million (approximately ₹724 crore) in a Series C round led by existing investor Tiger Global. The startup took less than 20 months to touch the $1 billion valuation since raising seed round from Accel Partners in 2019. Accel Partners also participate...