SaaS startup Hasura raises USD 100 million funding in Series C
Hasura, a startup based in San Francisco and Bangalore, raised USD 100 mn funding led by Greenoaks Capital on February 23, 2022. The funding comes in Series C round, which also saw the participation of Nexus Venture Partners, Lightspeed Venture Partners and other existing investors. With this recent fundraise, Hasura becomes the tenth startup to enter into India's unicorn club...
Singapore-based micromobility operator startup Beam raises US $93 million in Series B
Beam, a Singapore-based shared micro-mobility company, announced on 25th Feb 2022 that it has secured US $93 million in a Series B investment to expand into additional Asian markets. Affirma Capital led the round, which takes the total amount funded to US $135 million, with Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global, and...
Pakistan-based fintech startup Nayapay raises US $13 million in a seed round
NayaPay, a Pakistan-based fintech platform, has raised US $13 million in a seed round on 24th Feb, to support the launch of its multi-service messaging and payment app and the development of payment acceptance and financial management solutions for businesses in the South Asian country. Zayn Capital, a London-based investment firm, MSA Novo, a global fund manager, and Graph Ventures,...
Health-Tech Startup MediBuddy raises USD 125 million in Series C
India's largest digital healthcare platform, MediBuddy, raised USD 125 million in Series C. The amount comes from Quadria Capital and Lightrock India, amongst other existing investors. Bessemer Venture Partners, India Life Sciences Fund III, TEAMFund LP, JAFCO Asia, FinSight Ventures, Stride Ventures and Alteria Capital are the existing investors who participated in the round. Investment bank Avendus Capital was...
Bangalore-based startup NewSpace raises a funding of USD 21 million
NewSpace Research and Technologies, a Bangalore-based Defence startup raised USD 21 million in funding on February 22, 2022. The amount comes from Pavestone Technology Fund. NewSpace specialises in drone technology. It is possibly the largest venture capital funding witnessed in the defence sector. The purpose of funding- The funds will be utilised in the next 18 months. The company will deliver...
Berlin-based job marketplace startup Zenjob raises US $50 million in Series D
Zenjob, a job marketplace platform that connects students looking for part-time jobs in retail, logistics, and hospitality with employers looking for temporary workers, has raised US $50 million in a Series D round of funding on 22nd Feb. The new funding will be used to expand throughout Europe, including the United Kingdom, where it plans to launch this summer, as...
India-based Pine Labs raises USD 150 million from Alpha Waves
Indian Fintech company Pine Labs raised USD 150 million from Alpha Waves Global on February 19, 2022. The company raised USD 870 million in the last seven months. The fund comes from a blend of primary and secondary funding from Alpha Wave Global. It received USD 75 million from Alpha Wave Global in the primary round. The secondary round...
BigBasket acquires Kerela-based start-up Agrima InfoTech
India's online grocery giant, BigBasket (a Tata enterprise) has acquired Kerala-based startup, Agrima Infotech on February 19, 2022. Kerala Startup Mission (KSUM) nurtured the deep-tech company, Agrima Info Tech. With this bid, BigBasket aims to revolutionize offline retail in the country. The deal allows BigBasket to implement Agrima Infotech's unique customer vision technology, Psyight, at the self check-out counters of...
San Francisco-based startup SKAEL raises US $38 million in Series A
On the 21st of February 2022, SKAEL, the leading automation platform for generating and deploying Digital Employees, revealed that it had raised US $38 million in Series A funding led by RTP Global. Bonfire Ventures, which led SKAEL's US $4 million seed investment round in October 2020, and Dell Technologies Capital are among the other investors in the round. The...
WILL CRYPTO REPLACE FIAT?
Many cryptocurrency community experts predict that digital currencies tend to replace fiat currency. In addition, economists also see cryptocurrency with contempt. Some traditional institutions have given importance to blockchain technology. They also predict that these institutions may adopt cryptocurrencies with fiat money. Bitcoin: Undoubtedly, Bitcoin is the most prominent currency among all cryptocurrencies. It tends to get conventional adoption in the...
