[Weekly funding roundup] Startups raise over $200M, Nykaa and Blackbuck become soonicorns with valuations shy of $1B

    In the first week of April, startups raised $210.23 million across 23 deals. Of this, $79.37 million was swept up by B2B logistics startup Blackbuck, making it a ‘soonicorn’ with a valuation close to $850 million -$900 million. Online beauty platform Nykaa too attained ‘soonicorn’ status by raising Rs 100 crore ($14 million) from Singapore-based TPG Growth IV SF, at […]

    Fantasy Gaming Startup Dream11 Looks To Raise $100 Mn From Tencent

    Mumbai-based fantasy gaming startup Dream11 is looking to raise $100 Mn from Chinese Internet conglomerate Tencent, following the latter’s interest in the Indian gaming industry. Tencent has offered a term sheet for a transaction that could potentially value Dream11 at a pre-money valuation of $400-$450 Mn, reports ET. Earlier, Inc42 had reported that with Alibaba-Paytm actively pursuing interests in gaming segment, Tencent is also […]

    It’s Raining Money For AgriTech Startups: EM3 Agri And Crofarm Raise Funding

    In a country with 157.35 Mn hectares of agricultural land, about 250 oddagritech startups are working to support a cultivating population of over 118.9 Mn. With the aim of improving the efficiency and output of the farming process, these startups are together shouldering the ambitious task of revolutionising the agriculture industry in India. Two agritech startups i.e. EM3 Agri […]

    CEO Uses His Own Salary to Raise Employee Wages to $70,000

    Many companies have raised their minimum wages in recent years in order to compete for better talent. But one company is taking that concept to a whole new level. Dan Price, founder of Gravity Payments, recently announced to his employees that the company is raising its minimum annual salary to $70,000. So even the lowest […]

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    Twitter IPO Seeks to Raise $1 Billion

    Twitter’s value to the business community as a networking and marketing tool is well known. But its value to investors remains to be seen. In filings recently with the Federal Securities Exchange Commission, the company says it will try to raise $1 billion with its initial public offering of Twitter stock. That’s pretty aggressive for a […]

    Yumist plans to raise $2 million from VCs

    Yumist serves home-style meals, which it prepares in its own kitchens. The start-up recently opened a 12,000 square feet kitchen to serve the Delhi-NCR market. Mumbai: Delhi-based Yumist, a food tech start-up that operates in the daily meals segment, is in talks with venture capital investors to raise around $2 million to scale up operations, […]

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    Bank of Baroda to raise up to Rs2,000 crore via bonds

    Bank of Baroda’s shares closed at Rs.154.15 a piece on Friday, down 0.10% over the previous day. Photo: Pradeep Gaur/Mint Mumbai: Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs.2,000 crore on private placement basis to meet Basel III requirements. “The bank has initiated the process of raising […]

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    Microbrewery Gateway looks to raise $3 mn

      Photo: Twitter/Gateway Brewery Gateway Brewing Co., Mumbai’s first microbrewery,is in advanced talks with investors to raise around $3 million in its Series A round, co-founder Naveen Mittal said. The two-year-old start-up will utilise the capital to start its bottling operations for distribution of their beer across the country. “We are raising the fund to […]

    Byju’s in advance talks to raise $50 million from new investors

    Byju’s plans to enter the US, the UK and other Commonwealth countries over the next few months. New Delhi: Education technology start-up Byju’s (Think and Learn Pvt. Ltd) on Sunday said it is in advanced talks to raise $50 million from multiple new investors. In March, it had raised $75 million in a funding round […]