India

D2C Discovery Platform Smytten Bags $6 Mn; Eyes Offline Expansion
Ecommerce

D2C Discovery Platform Smytten Bags $6 Mn; Eyes Offline Expansion

Testing and sampling has been a tried, tested, and successful approach for…
24th August, 2021
Ecommerce

John Abraham Backs D2C Ice Cream Brand NOTO

D2C low calorie ice cream brand NOTO has raised INR 4 Cr…
24th August, 2021
Furniture-Rental Startup Furlenco Bags $15 Mn From TradeCred
News

Furniture-Rental Startup Furlenco Bags $15 Mn From TradeCred

Furniture rental startup Furlenco has raised $15 Mn from TradeCred. According to…
24th August, 2021
AppsForBharat-Seed-Fund
Consumer Services

Spiritual Platform AppsForBharat Raises Funds From Sequoia, BEENEXT

Apps development company AppsForBharat, which is looking to create a spiritual solutions…
24th 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.
Media & Entertainment

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

Social media platform Hike has raised an undisclosed amount of investment from…
24th August, 2021
World Gold Council RBI
Fintech

SEBI And NSE Flag On Digital Gold Sale Likely To Impact Groww & Upstox...

Fresh troubles for fintech platforms which engage or…
24th August, 2021
Khatabook Pulls Plug On Its Online Shopfront Platform MyStore Within A Year Of Launch
Fintech

Khatabook Raises $100 Mn; Will Buyback ESOP Worth $10 Mn

MS Dhoni-backed Khatabook has raised $100 Mn in…
24th August, 2021
Health Tech

YC Backed Healthtech Startup Breathe Well-Being Raises $5.5 Mn Led By ...

Digital healthtech platform Breathe Well-Being has raised $5.5…
24th August, 2021
Zomato To Invest $100 Mn In Grofers To Back Grocery Delivery Ambitions
Foodtech

Zomato Stock Plunges 9% In A Day As Lock-In For Anchor Investors Ends

Foodtech company Zomato’s shares fell 9% on the…
23rd August, 2021
Reliance Jio Invests $200 Mn In Google-Backed Glance
News

Reliance Jio Added Highest Number Of Wireless Subscribers In June 2021...

Mukesh Ambani-led Reliance Jio has outperformed Sunil Bharti…
23rd August, 2021
IPO-Bound Paytm Raises INR 920 Cr From Swiss Re For Its Insurance Business
Fintech

Police Gets 3 Weeks To Probe Into Former Paytm Director’s Claims

Fintech giant Patym’s road to an initial public…
23rd August, 2021
3one4 Capital Elevates Anurag Ramdasan To Partner; Appoints Four Principals
News

3one4 Capital Elevates Anurag Ramdasan To Partner; Appoints Four Princ...

Early-stage venture capital firm 3one4 Capital has announced…
23rd August, 2021

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