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The funding round values the company at around $16.5 billion post-money

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.

The capital will help Locus strengthen its technology, and scale up operations in the United States, its biggest market outside of India, sources said

VC funding hits 12-month high for start-ups in penultimate stage in April May 25, 2021 Other stages witness dip in investments The amount of venture capital funding that went into penultimate or the growth-private equity (PE) stage firms surged in April, even as start-ups in other stages saw a dip in investments during the month. According to data from Venture Intelligence, investments in growth-PE stage start-ups climbed to $2664.6 million in April, the highest in the last 12 months. Growth-PE funding includes Seed to Series D investments that are greater than $20 million or Series E to Se...

PE-VC exit deal value hits a two-year high in April May 19, 2021 × But with the second wave of Covid infections surging, experts say exits may see a dip in the coming months The cumulative value of private equity (PE) and venture capital (VC) exits from Indian companies in April is the highest in the last two years. According to data from Venture Intelligence, a firm that tracks private companies’ investments, financials and valuations, the value of the exit deals surged to $9870 million in April, for a total of 18 exit deals. Sandeep Mishra, Vice-President, Research and Investments, Zeph...