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Swiggy to close $800 mn funding round; valuation rises to $5 billion

Swiggy to close $800 mn funding round; valuation rises to $5 billion
The deal will leapfrog Swiggy s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020
BusinessToday.In | April 6, 2021 | Updated 10:07 IST
The new capital will help Swiggy speed up growth in its existing businesses and also help it seed new ones
Food delivery app Swiggy is in the process of closing an $800 million funding round with investors comprising Goldman Sachs and Falcon Edge Capital, Co-founder and Chief Executive Officer Sriharsha Majety said in an emailed letter to employees.
The deal will leapfrog the food tech startup s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020. ....

Sriharsha Majety , Goldman Sachs , Amazon Inc India , Naspers Ltd , Falcon Edge Capital , Chief Executive Officer Sriharsha Majety , Amazon Inc , Food Delivery App , Food Tech , Swiggy Funding Round , Foodtech Startup , ஸ்ரீஹர்ஷா கம்பீரம் , கோல்ட்மேன் சாக்ஸ் , அமேசான் இன்க் இந்தியா , ஃபால்கன் விளிம்பு மூலதனம் , தலைமை நிர்வாகி அதிகாரி ஸ்ரீஹர்ஷா கம்பீரம் , அமேசான் இன்க் , உணவு டெலிவரி செயலி , உணவு தொழில்நுட்பம் , ஸ்விக்கி நிதி சுற்று ,

This 14-year-old has designed an interactive learning programme for infants and toddlers

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Over the course of a year, we have been bringing you stories of young entrepreneurs from all over India, who are honing their skills at the
Young Entrepreneurs Academy (YEA!).
Students as young as 13 or 14 years are finding business ideas in different domains, from media, baking, art and craft to sport.
This week, we feature
Avantika Kampani, a 14-year-old student from Dhirubhai Ambani International School, Mumbai, and her startup, Day One, which is focused on children’s growth and development. Her product, Seekh, is targeted at parents of infants and toddlers up to the age of three years. ....

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T-Hub launches fifth batch of its Flagship Program; selects 30 start-ups

T-Hub launches fifth batch of its Flagship Program; selects 30 start-ups
T-Hub on Tuesday announced the launch of the fifth edition of its flagship pre-acceleration programme, Lab32 by onboarding 30 startups.
By News Desk| Published: 6th April 2021 2:37 pm IST
Ravi Narayan, CEO of T-Hub addressing Lab 32 start-ups.
Hyderabad: T-Hub, today announced the launch of the fifth edition of its flagship pre-acceleration program, Lab32 by taking 30 startups on board.
The startups will receive consultation from leading experts on business goals like revenue growth, customer acquisition, market expansion, and product roadmap.
The pre-acceleration program will run until June 2021 and it will continue with its hybrid model, launched last year owing to the pandemic. Startups from various cities like Bangalore, Patna, Noida are part of the program along with startups in rural innovation space with social impact. ....

Andhra Pradesh , Community Membership , Social Commerce , Rural Commerce , Demo Day , E Commerce , Hyderabad Based Startup , Hyderabad News , Lab 32 , Xt Hub , Young Entrepreneurs , ஆந்திரா பிரதேஷ் , சமூக உறுப்பினர் , சமூக வர்த்தகம் , கிராமப்புற வர்த்தகம் , டெமோ நாள் , ஏ வர்த்தகம் , தொழில் முனைவோர் , ஹைதராபாத் அடிப்படையிலானது தொடக்க , ஹைதராபாத் செய்தி , டி மையம் , இளம் தொழில் முனைவோர் ,

Cred enters unicorn club; valuation touches $2.2 bn

Cred enters unicorn club; valuation touches $2.2 bn
Cred is among the few Indian startups to accomplish unicorn status at an early stage, having started its operations only two and a half years ago
BusinessToday.In | April 6, 2021 | Updated 17:12 IST
Credit card payment platform Cred had in early January 2021 announced a $80 million fundraising round, which had valued it at $806 million
Credit card payment platform Cred announced on Tuesday, April 6, that it has closed its Series D funding round, raising $215 million.
With this, the fintech startup has become a unicorn with its valuation nearly trebling to $2.2 billion.
The startup had in early January 2021 announced a $80 million fundraising round, which had valued it at $806 million. ....

Kunal Shah , Coatue Management , Dragoneer Investment Group , Falcon Edge , Tiger Global , Greenoaks Capital , Credit Card Payment Startup , Fintech Startup , Seriesd Funding , Cred Enters Unicorn Club , Cred Valuation , குணால் ஷா , கோட் மேலாண்மை , ஃபால்கன் விளிம்பு , புலி உலகளாவிய , கிரீணோக்ஸ் மூலதனம் , கடன் அட்டை கட்டணம் தொடக்க , ஃபிண்டெக் தொடக்க , கடன் நுழைகிறது யூனிகார்ன் சங்கம் , கடன் மதிப்பீடு ,