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M2P Fintech raises $56 mn in series C1 round led by Insight Partners

Finance

20 January, 2022

M2P Fintech raises $56 mn in series C1 round led by Insight Partners

Chennai-headquartered M2P Solutions, which owns payments infrastructure platform M2P Fintech, has raised $56 million (around Rs 420 crore) in a ......

Tiger Global, Sequoia Capital India lead funding in SaaS startup Lummo

TMT

19 January, 2022

Tiger Global, Sequoia Capital India lead funding in SaaS startup Lummo

Indonesia-based startup Lummo, which focuses on digitising micro small and medium enterprise (MSME) operations, on Wednesday said it has raised ......

Groww turns profitable as revenue jumps 14-fold in FY21

Finance

19 January, 2022

Groww turns profitable as revenue jumps 14-fold in FY21

Nextbillion Technology Pvt Ltd’s which operates Groww has turned profitable thanks to its rise in its revenue, according to regulatory ......

Cred expands ESOP pool to $500mn a month after raising funds

Finance

19 January, 2022

Cred expands ESOP pool to $500mn a month after raising funds

Credit card payment platform Cred, owned and operated by Dreamplug Technologies Pvt Ltd, has expanded its employee stock option plan ......

Tiger Global, Steadview others bet $75 mn on investment platform INDmoney

TMT

18 January, 2022

Tiger Global, Steadview others bet $75 mn on investment platform INDmoney

INDmoney, an investment management platform operated by Finzoom Investment Advisors Pvt Ltd, has raised $75 million as a part of its Series ......

Satya Nadella invests in Tiger Global-backed fintech unicorn Groww

TMT

08 January, 2022

Satya Nadella invests in Tiger Global-backed fintech unicorn Groww

Satya Nadella, Chairman and CEO of Microsoft Corp., has joined Indian fintech unicorn Groww as a new investor and advisor. ......

Sequoia-backed AI firm Avataar nets $45 mn in Tiger Global-led round

TMT

07 January, 2022

Sequoia-backed AI firm Avataar nets $45 mn in Tiger Global-led round

Avataar, an artificial intelligence (AI) and computer vision platform, has raised $45 million as a part of its Series B ......

Ninjacart implements Rs 100 cr ESOP plan for current, former staff

Consumer

04 January, 2022

Ninjacart implements Rs 100 cr ESOP plan for current, former staff

Ninjacart, a business-to-business marketplace for agricultural produce, said on Tuesday it has implemented a Rs 100 crore (about $13.4 million) ......

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Sequoia retains most-active VC title; Alpha Wave Global new entrant

Finance

30 December, 2021

Sequoia retains most-active VC title; Alpha Wave Global new entrant

Sequoia Capital India retained its pole position as the most active venture capital firm this year while Tiger Global toppled ......

PE/VC investment and exit deals witness 76% YoY increase to $6.8 bn: IVCA-EY report

Finance

16 December, 2021

PE/VC investment and exit deals witness 76% YoY increase to $6.8 bn: IVCA-EY report

Investment and exit deals in November 2021 by private equity (PE)and venture capital (VC) firms saw investments worth $6.8 billion ......