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SaaS startup Chargebee is the 11th unicorn of 2021 and the sixth for Tiger Global this year alone

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SaaS startup Chargebee is the 11th unicorn of 2021 and the sixth for Tiger Global this year alone
SaaS startup Chargebee is the 11th unicorn of 2021 and the sixth for Tiger Global this year alone
Sanchita DashApr 20, 2021, 18:24 IST
Chargebee founders Krish Subramaniam, Co-founder and CEO, Rajaraman Santhanam, Co-founder and COO, Saravanan KP, Co-founder and CTO, Thiyagarajan T, Co-founder and Architect Chargebee
The Chennai and California-based startup has hit a valuation of $1.4 billion – almost three times up from its previous valuation of $500 million in October last year.
The series G round was led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners. ....

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How this duo launched a startup to guide over 50 companies towards supply chain visibility

How this duo launched a startup to guide over 50 companies towards supply chain visibility
Alok Sharma and Novita Sharma, the founders of NebulArc, believe that a data-driven supply chain platform can bring down the high cost of logistics and enable complete control of goods and assets.
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Supply chain visibility is the ability to track goods in transit. And in the age of ecommerce, a raging pandemic, and even the odd Suez Canal blockage, high supply chain visibility is the order of the day.
Alok Sharma and Novita Sharma, founders of
NebulARC, launched a data-driven supply chain platform, with the aim of bringing some order into the ....

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Facedrive provides new information on company operations following OSC request

Facedrive provides new information on company operations following OSC request
Toronto-based ride-sharing company Facedrive recently provided what it called “clarifying information” on its acquisitions and projects launched in the third and second quarters of 2020.
Facedrive claimed to be providing the information after being requested to do so by the Ontario Securities Commission’s Corporate Finance Branch as part of a continuous disclosure review that dates back to 2020.
The recent clarifications come in the wake of two reports questioning Facedrive’s valuation, leadership, and purported growth.
The company statement notes Facedrive was requested to provide “clarifying information” about its Foodora asset acquisition, the HiRide acquisition, a consulting agreement with US medical device company Medtronics as well as the status of Facedrive’s early stage and non-revenue generating “projects” during fiscal Q2 and Q3 2020. ....

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The rise of Indian cybersecurity sector in the new normal

The digital push by the government is changing the way businesses are run in the country, and with growing cyberattack threats, more businesses are emphasizing proper cybersecurity protection. ....

Unicorn Ventures ,

Kitchener-Waterloo's Magnet Forensics looks to raise $90 million CAD in IPO

Kitchener-Waterloo’s Magnet Forensics looks to raise $90 million CAD in IPO
Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).
The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 shares at a price between $14 and $16.
Magnet Forensics is one of a number of Canadian tech startups that have turned to public markets in recent months.
BMO Capital Markets and Canaccord Genuity Corp. are acting as lead underwriters and joint bookrunners for the IPO. The offering also includes an over-allotment option, which, if exercised in full, would bring the transaction’s proceeds to $103.5 million. ....

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