US-based furniture marketplace Kaiyo raises US$ 5M
US-based Kaiyo, a full-service marketplace for gently-used furniture committed to great design, exceptional customer care and a sustainable planet, raised US$ 5M in a funding round on 17 May 2021. Investors: The funding round was led by Moderne Ventures, with participation from Lerer Hippeau and Max Ventures. Kaiyo was also selected as a member of the 2021 Moderne Ventures Passport...
Homzmart lands $15M in Series A funding round
Homzmart, an Egypt-based online goods and furniture buying platform in MENA ( Middle East and Northern Africa) announced that it raised USD 15 Million in Series A funding round. The funding round was led by Nuwa Capital and Co-led by MSA Capital. The other participants in this round were EQ2 Ventures, Impact46, Outliers Capital, and Rise Capital. Last year in...
Indian startup Lenskart raises USD 95 million via a secondary stake acquisition
Indian startup Lenskart raised USD 95 million investment from global investment firm KKR via a secondary stake acquisition, as announced on May 17, 2021. Existing investors -TPG Growth and TR Capital who invested in Lenskart in 2014 will sell their portion of their holdings in the Company, as a part of the transaction process. The further details of the transaction...
Indian startup Pine Labs valued at USD 3 billion after a new round of fundraising
An Indian startup, a merchant commerce platform Pine Labs has raised USD 285 million in the latest series of fundraising, as announced on May 17, 2021, thus increasing the value of the company from USD 2 billion as of December 2020 to USD 3 billion as of today. Many investors like Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic...
B2B eCommerce startup Moglix joins unicorn club after raising $120 Million
A Noida-based B2B industrial goods e-Commerce forum. On Monday (17th May 2021), Moglix announced that it raised USD 120 Million in the Series E round, which was led by Falcon Edge Capital and Harvard Management Company (HMC). The companies who participated in this round were Tiger Global, Venture Highway, and Sequoia Capital. Moglix is the first B2B e-commerce in the...
Health education platform Virohan raises $3M in Series A
Virohan, a health education startup based in Gurugram, announced that it raised USD 3 million in Series A round. The round was led by Rebright Partners on 17th May 2021. Last year in August, the company raised USD 2.8 Million in a seed round, which was led by Elea Foundation for Ethics in Globalization and the Singh family trust with...
Fintech Marqeta files for IPO as its revenue doubled in 2020
US-based Marqeta, a fintech startup that provides infrastructure and tools to help companies build and manage payment programs, filed regulatory paperwork for an IPO (initial public offering) on 15 May 2021. The company’s target IPO valuation might reach up to US$ 15 billion. Goldman Sachs and J.P. Morgan will be the lead underwriters on the offering on the Nasdaq....
Indian startup BankSathi Technologies raises US$ 200K in seed funding
Delhi, India-based fintech startup BankSathi Technologies raised US$ 200,000 in a seed funding round on 16 May 2021. Investors: The fundi round was led by a group of angel investors including Dinesh Godara, founder, TREAD (founder Wifistudy, which got acquired by Unacademy), Rajendra Lora, founder of Freshokartz and Anuj Ahuja and Aditya Talwar, founders of Studybase. Purpose of the funding: The...
Trends: Furniture startups in India
Internet first startups in the furniture space seem to be still struggling. The category dynamics creates enormous friction in getting customers stick and build large volumes.
Add to Cart: Twitter’s Acquisitions
Add to Cart is a unique series that analyses the acquisitions of some of the largest and most well-known companies across the world. In this edition of the series, we’ll be analyzing the acquisitions of Twitter.
