The latest round of funding values the company at $10.7 billion, almost doubling it from the $5.5 billion valuation during the $1.25 billion fund raise in July 2021 when investors including SoftBank, Prosus and Accel pumped in capital in what was the company's biggest funding since its inception. The other new investors in the latest round of funding include Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, Swiggy said in a statement.
After four years in the making, a band of 20 film-makers were left with 400 hours of footage for what is now India's first blue chip natural history film.
The funding marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation from the company's long-term investor, Prosus, and other existing investors Accel Partners and Wellington Management, Swiggy said in a statement. In addition, new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the round, it stated. This latest fundraise was heavily oversubscribed following strong interest from investors, and comes on the back of Swiggy's rapid recovery from the impacts of COVID-19 and subsequent growth in 2020-21, Swiggy said.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
The Chinese investor in the parent firm of Koo, India's answer to Twitter, is on its way out after other investors have pledged to buy out its 9 per cent stake, Koo's co-founder and CEO Aprameya Radhakrishna said.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
'Why is the government asking parents to be careful rather than coming up with strict rules and regulations for the companies?'
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
The Bangalore-based company had raised $200 million in July from existing investors.
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Ola competes with Uber Technologies in India.
The company is in talks with investors and the deal could be closed in a few weeks. At present, it operates in 37 cities in India.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Mitra Biotech's personalised cancer therapy could be a game changer in the field of cancer medicine.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Yuri Milner is focussing on on consumer-driven Internet start-ups.
As with stocks, real estate and art, investing in start-ups has emerged as an asset class in itself.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Blablacars enables private cars to seek fellow passengers for inter-city commute.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'
Beside the defence forces in India, the start-up has shipped around 350,000 units to 12 countries -- the United Kingdom, France, Poland, Bangladesh, Saudi Arabia, the UAE, Kenya, South Africa, Romania, Indonesia, Qatar and Oman.
The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
Swiggy, a Bengaluru-based food ordering and delivery start-up, says it aims to revolutionise this segment.
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
23 Yards will include body wash, beard oil, shaving gel, deodorant and sanitizer.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
Sayre Therapeutics aims for a spot among top 5 players in oncology.
The company did not disclose the valuations at which funds were raised.
The company did not disclose its new holding pattern.
As consumers in India seek variety and innovative products, there's a lot of interest among investors for healthier products.
The past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.
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