Edtech major upGrad has closed a $185-million funding round at a valuation of $1.2 billion, thus entering the coveted unicorn club. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the funding round. “We are pleased with the investor interest ever since we opened up for fundraise, and had our…
Infra.Market, a B2B marketplace for real estate and construction materials, has raised $100 million in its series C funding round led by US-based investment firm Tiger Global and Nexus Venture Partners. The latest funding round also saw investment from other existing investors Evolvence India Fund, Sistema Asia Fund, Foundamental Gmbh, and Accel Partners. Founded by…
Zenoti, a cloud software provider for the spa, salon, and med spa industries, has raised $160 million in Series D funding at a valuation of over $1 billion. The funding round was led by Advent International, a US-based private equity firm. Existing investors Tiger Global and Steadview Partners also participated in the round. Till now, the…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Pune-based baby products marketplace Firstcry has recently raised $296mn (approx 2120Cr) in Series E funding from Japanese conglomerate Softbank’s Vision Fund. With the latest infusion of funds, Firstcry has entered the Unicorn Club. According to the company filing submitted to the Ministry of Corporate Affairs, a Cayman Island-based subsidiary of Softbank SVF Frog has invested…
The Unicorn Club is a group of new-age start-ups with a valuation above a billion-dollar. Any new start-up that emerges in the ecosystem aspires that one day it will reach this exclusive club. But not everybody is welcome. The term was first coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to…