Delhi

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MapmyIndia Eyes $175 Mn Fundraise Through IPO
News

MapmyIndia Eyes $175 Mn Fundraise Through IPO

New Delhi-based MapmyIndia, a digital based mapping firm is looking to raise go for...
30th August, 2021
A91 Partners Closes Second Fund Worth $525 Mn: Report
News

A91 Partners Closes Second Fund Worth $525 Mn: Report

Former Sequoia Capital executives founded venture capital firm A91 Partners is said to have...
26th August, 2021
BharatPe into p2p
News

BharatPe Enters P2P Lending With 12% Interest Promise Days After Cred’...

B2B-focussed fintech startup BharatPe has forayed into peer to peer (P2P) lending,…
25th August, 2021
Social media platform HIke has raised an undisclosed amount of investment from iconic investors. Kavin Bharti Mittal, chief executive officer, announced that Hike has raised investments from Tinder cofounders Sean Rad and Justin Mateen, Softbank Vision Fund CEO Rajeev Mishra, Tribe Capital’s Arjun Sethi and others. The fresh round also brought founders of newly emerged unicorn startups such as Bhavin Turakhia and Kunal Bahl. Kunal Bahl and Binny Bansal also infused capital in the round. As per Mittal, Hike will utilise the capital to build platforms that will enable people to express themselves online through competition and interaction. The platform will further utilise the capital to hire talent from different sectors such as cryptocurrency, gaming and social media platforms. “The rapid technological evolution over the last few years has paved the way for massive disruption in social & gaming. There’s little to separate these 2 categories,” he wrote on Twitter announcing the investment. The round comes months after Hike shut down its flagship product HikeSticker Chat amidst WhatsApp contentious privacy policy. At the start of the year Mittal announced the launch of Rush – a new gaming service – and renamed Hikeland as Vibe. Hikeland was a mobile-first virtual world launched in 2020. Once seen as an Indian alternative to WhatsApp, Hike has over the years tried to offer various services such as wallet, Hikemoji, Hikeland, cricket scores, horoscope, among others to grab the market. However, WhatsApp’s simpler offering coupled with smooth use r experience prevented the majority of users from switching to Hike. Mittal, who is the son of billionaire Sunil Bharti Mittal, chairman of Bharti Enterprises, founded Hike in 2012. The startup enjoyed the support of marquee investors such as Foxconn, Tiger Global, SoftBank. The startup even joined the prestigious unicorn club after receiving investment worth $175 Mn in 2016. During that time, Hike boasted of having 100 Mn users of which 90% were from India. Majority of Hike’s users belonged to the age group of 15 and 24. Hike, which had invested in Indian gaming platform WinZo, received a four-fold return after it exited the company with $12 Mn this year. Hike participated in WinZo’s $5 Mn Series A investment along with Kalaari Capital.
News

Hike Receives Investment From Tinder Cofounders & Other Marquee Invest...

Social media platform Hike has raised an undisclosed amount of investment from…
24th August, 2021
Exclusive: Bira91 Raises $20 Mn From New And Existing Investors
News

Exclusive: Craft Beer Brand Bira 91 Raises $20 Mn

Craft beer company Bira 91 has raised close to $20 Mn in…
20th August, 2021
BharatPe Bags INR 200 Cr Debt Fund From IIFL and Northern Arc Capital
News

BharatPe Bags INR 200 Cr Debt Fund From IIFL Wealth And Northern Arc C...

Delhi-based payments platform BharatPe has raised INR 100 Cr each as debt…
19th August, 2021
D2C Tobacco Brand Hash Gets Funding From Amrac Investment Trust, Others
News

D2C Tobacco Brand Hash Gets Funding From Amrac Investment Trust, Other...

D2C cigarette brand Hash has raised close to US$ 3.5 Mn (INR…
13th August, 2021
Pet Care Brand Heads Up For Tails Raises $37 Mn From Verlinvest, Sequoia And Others
News

Pet Care Brand Heads Up For Tails Raises $37 Mn From Verlinvest, Sequo...

Delhi-based pet care brand and products retailer Heads…
12th August, 2021
Logistics Tech Startup Pickrr Raises $12 Mn Funding Led By IIFL, Amicus Capital, Others
News

Logistics Tech Startup Pickrr Raises $12 Mn Funding Led By IIFL, Amicu...

Logistics tech startup Pickrr announced today that it…
11th August, 2021
BharatPe Bags INR 200 Cr Debt Fund From IIFL and Northern Arc Capital
News

BharatPe Enters Unicorn Club; Raises $370 Mn At $2.85 Bn Valuation

New Delhi-based merchant payments and financial services provider…
4th August, 2021
Unicorns Fly, As Startups Cry In Talent Wars: Are BharatPe's Perks Justified Or Overkill?
News

Unicorns Fly, As Startups Cry In Talent Wars: Are BharatPe’s Perks Jus...

Many have questioned how BharatPe, which only recently got the RBI nod to take...
20th July, 2021
FirstCry's Thrasio-Style GlobalBees Bags $150 Mn Series A Funding; Eyes 30-40 D2C Brand Investments
News

FirstCry’s Thrasio-Style GlobalBees Bags $150 Mn Series A Funding; Eye...

FirstCry’s GlobalBees will target online sellers that have an annual revenue rate of $1...
19th July, 2021

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