Manish Singh
TechCrunch
India
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Recent articles by Manish:
Microsoft in talks to back India’s Oyo –
Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear. […] → Read More
High-profile entrepreneurs launch $85 million fund to back Indian SaaS startups –
Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms, are ready for their next phase of participation in the country’s startup ecosystem. The group — Girish Mathrubootham of Freshworks, Manav Garg of Eka Corporation, Shubham […] → Read More
Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others –
Gupshup, a business messaging platform that began its journey in India 15 years ago, surprised many when it raised $100 million in April this year, roughly 10 years after its last financing round, and attained the coveted unicorn status. Now just three months later, the San Francisco-headquartered startup has secured even more capital from high-profile […] → Read More
Indian automobile marketplace Droom valued at $1.2 billion in $200 million pre-IPO funding –
An online marketplace for automobiles has become the latest Indian startup to attain the coveted unicorn status. Gurgaon-headquartered Droom said on Wednesday it has raised $200 million in what it described as a pre-IPO growth funding round. The new investment valued the seven-year-old startup at $1.2 billion, up from about $500 million in October 2018. […] → Read More
Tencent’s WeChat suspends new user registration in China to comply with ‘relevant laws and regulations’ –
Tencent’s WeChat said on Tuesday it is temporarily suspending registration of new users in China as it works to comply with “relevant laws and regulations,” the latest Chinese firm to face regulatory scrutiny in the world’s largest internet market. In a social media post, Tencent said it is “upgrading” its security technology to align with […] → Read More
India’s ShareChat valued at $2.88 billion in $145 million fundraise –
Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, months after it secured $502 million at a valuation of $2.1 billion. Temasek and Moore Strategic Ventures led the new tranche of investment while Mirae-Naver Asia Growth fund participated, the Bangalore-based startup said. […] → Read More
Amazon-backed Indian D2C beauty brand MyGlamm raises $71 million –
MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing round as the Mumbai-headquartered firm looks to scale its business across the South Asian market. The startup had raised $23.5 million in […] → Read More
Food delivery firm Zomato surges 65% in key India debut –
Shares in Zomato, a Gurgaon-based food delivery company and first of India’s consumer tech startups to go public, closed up 64.7% in its debut day of trading in Mumbai, delivering a key insight into the appetite investors have for the world’s second largest internet market’s burgeoning startup ecosystem. Zomato’s shares traded all day above the […] → Read More
India considering phased roll out of central bank digital currency –
India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea. T Rabi Sankar, the deputy governor of Reserve Bank of India, said at a conference today that the central bank is […] → Read More
India’s BlackBuck valued at $1 billion in $67 million fundraise –
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of logistics startups that is trying to overhaul this system, just raised a new financing round and attained the coveted unicorn status. Tribe Capital, IFC Emerging Asia Fund and VEF led the $67 million Series E […] → Read More
Byju’s acquires reading platform Epic for $500 million in US expansion push –
Byju’s said on Wednesday it has acquired California-headquartered reading platform Epic for $500 million, the latest in a series of moves from India’s most valuable startup as it deepens its footprint in the U.S. market. The deal involves both cash and stock and Epic founders — Kevin Donahue and Suren Markosian — will continue to […] → Read More
Indian food delivery startup Swiggy raises $1.25 billion led by SoftBank and Prosus –
It took SoftBank several years, but finally the Japanese investment giant is ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus Ventures. The new financing round, a Series J, includes the $800 million investment the Bangalore-based […] → Read More
YouTube acquires Indian social commerce startup Simsim –
YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told TechCrunch the Indian startup was valued at over $70 million. Simsim founder didn’t respond to a text Monday evening (IST). Two-year-old Simsim had […] → Read More
India’s GlobalBees raises $150 million to build Thrasio-like house of brands –
The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity […] → Read More
Blackstone acquires majority stake in Simplilearn for $250 million –
Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million. Simplilearn operates an eponymous online bootcamp to help people learn data science, AI, machine learning, cloud computing and other skills that are in demand in the market. The startup has partnerships with several universities and colleges including IIT […] → Read More
Lenskart valued at $2.5 billion following $220 million investment from Temasek and Falcon Edge Capital –
Temasek and Falcon Edge Capital have led a $220 million investment in Indian omni-channel eyewear retailer Lenskart, valuing the Bangalore-based startup at $2.5 billion. The new investment, which includes primary and secondary transactions, is part of a new round Lenskart unveiled a month ago when it raised $95 million from global investment fund KKR. Bay […] → Read More
Zoom buys cloud call center firm Five9 for $14.7 billion –
Zoom is taking advantage of the impressive rise in its stock price in the past year to make its first major acquisition. The popular video conferencing firm, which was valued at about $9 billion at its IPO two years ago, said Sunday evening it has agreed a deal to buy cloud call centre service provider […] → Read More
Reliance Retail acquires majority stake in Just Dial for $469 million –
Reliance Retail said on Friday it has acquired a majority stake in Indian search internet firm Just Dial in a deal worth $469 million. More to follow… → Read More
Paytm files for $2.2 billion IPO –
Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market regulator on Friday. The Noida-headquartered firm — which is backed by Alibaba, Berkshire Hathaway, and SoftBank — said it will issue new shares worth $1.11 billion […] → Read More
India’s Delhivery bags $100 million from FedEx –
FedEx Express, a subsidiary of delivery services giant FedEx, is investing $100 million in Indian startup Delhivery as the global firm looks to expand its presence in the South Asian country. Friday’s investment comes less than two months after the Gurgaon-headquartered startup, which is valued at $3 billion, secured $277 million ahead of an initial public […] → Read More