Edtech Unicorn BYJU’S Raises $150 Mn Funding
Bengaluru-based edtech unicorn BYJU’S has raised $150 Mn from Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA). This round also includes the participation from Owl Ventures.
Read More
Hyundai Kona Launch: Automaker Commits $200 Mn To Develop EV Ecosystem In IndiaSouth Korean automobile company Hyundai has now committed to invest $200 Mn (INR 1,400 Cr) to develop affordable electric vehicles for the Indian market over the next three years.
Read More
Read More
Startup News Snippets
M&A News
Editor’s Weekly Pick
Every modern business leader talks data, but all the software, data and the Internet ultimately resides in massive data centers. Data localization laws are likely to trigger massive demand of data centers in India. What would they look like?.. here’s an insider’s view into one of world’s largest data centers at Google USA.
–Abhishek
Market Pulse
- Noida-based B2B online marketplace IndiaMART has launched its bids to investors with an initial public offering (IPO) to raise up to $68.35 Mn
- Japanese conglomerate SoftBank is reportedly looking to invest around $2 Bn to $3 Bn in Mukesh Ambani’s Reliance Jio
- Pune-based agritech startup, AgroStar has raised $27 Mn Series C funding led by Bertelsmann India, Accel Partners, Chirate Ventures and Aavishkar Bharat
- Chicago-based freight tracking logistics startup FourKites has announced that it will utilize a part of its $50 Mn Series C funding in doubling the employee headcount of its engineering arm in Chennai
- Foodtech unicorn Swiggy is reportedly raising $200Mn funding from Carlyle Group, an American private equity fund who had also invested in the logistics startup Delhivery
- Indian regional language social platform ShareChat may raise $100 Mn from the microblogging site, Twitter and Hong Kong-based investment management firm, Hillhouse Capital
- Bengaluru-based social commerce startup Meesho has raised an undisclosed amount of funding from social media company Facebook