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Cardekho in talks to raise $150 million, may get unicorn status

Synopsis
Cardekho, which expects to close the ongoing funding round in the next couple of months, will use the resources to expand its e-commerce platform for used cars.
Agencies
Demand for used cars has increased since the beginning of the pandemic, as people looked for personal mobility options to reduce the risk of infection, but at a cheaper cost.
New Delhi: Girnar Software-owned auto portal Cardekho is in talks with investors to raise a minimum of $150 million (about Rs 1,000 crore), in its largest fundraising exercise yet that could take it to the unicorn club.
Cardekho, which expects to close the ongoing funding round in the next couple of months, will use the resources to expand its recently launched e-commerce platform for retailing used cars. ....

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ofbusiness funding: OfBusiness in talks with SoftBank to raise funds at $1 billion valuation

SoftBank could invest anywhere between $100-150 million in OfBusiness in an all-primary funding round, making the B2B e-commerce startup the 15th Indian unicorn so far this year. ....

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ETtech Deals Digest: One new unicorn, One big deal

Banking tech firm Zeta became the 14th Indian unicorn so far this year after raising $260 million from SoftBank and others. Tata Sons has made its acquisition of BigBasket official. ....

Ronnie Screwvala , Prateek Behera , Divyank Turakhia , Abhishek Sethi , Rahul Awasthi Ettech , China Alibaba Group , Birla Institute Of Technology , Dragoneer Investment Group , Softbank Vision Fund , Endurance Group , Indian Institute Of Management , Pioneer Fund , Tata Digital , Vision Fund , Nasdaq Listed Endurance Group , Supermarket Grocery Supplies , Alibaba Group , Dragoneer Investment , Eight Roads Ventures , Sequoia Capital India , Waterbridge Ventures , Goat Capital , Indian Institute , Birla Institute , Tata Bigbasket Deal , Startup Unicorns ,

14th unicorn rises

From Zeta becoming India s latest startup unicorn to Food delivery firms facing curbs and upGrad buying Impartus, here s a quick look at the top tech news today. ....

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Profits over lives

Profits over lives
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/ Morning Dispatch
Good morning,
A few companies in cities with strict restrictions on movement are still forcing their employees to travel to the office using fake essential-worker IDs and stickers.
Also in today s letter:
CERT-In advisory over FB leak
E-grocers see surge in demand
India’s latest unicorn
When jugaad becomes lethal
Despite strict Covid restrictions, some companies in Mumbai, Pune, New Delhi and Bengaluru are not only insisting that their employees come in to work but also looking for ways to get around curbs.
These include issuing fake essential-worker IDs or fraudulent permission letters to their employees, and not disclosing Covid-19 cases to the authorities. ....

New Delhi , Tamil Nadu , City Of , United Kingdom , Uber Apurva Dalal , Albinder Dhindsa , Kleiner Perkins , Sumit Gwalani , Hari Menon , Sujith Narayanan , Paypal Venmo , Apurva Dalal , Narendra Modi , K Srinath Reddy , Coinbase Global Inc , Computer Emergency Response Team , Insight Venture Partners , Delhi High Court , Google Co , Information Technology , Uber Technologies Inc , Twitter Inc , Public Health Foundation Of India , Public Health Foundation , Prime Minister Narendra Modi , Sapphire Ventures ,