EcoCart raises US$ 3M as it brings carbon offsetting into the e-commerce industry
US-based EcoCart, a climate and sustainability-focused e-commerce enablement startup, raised US$ 3M in seed funding on 12 April 2021. Investors: The funding round was led by Base10 Partners' Chris Zeoli, with participation from Sugar Capital, Brian Sugar's early-stage venture fund, as well as several strategic angel investors including Jamie Sutton (creator of Shopify Plus), Ben Jabbaway (Founder and CEO of...
Amazon India launches Mentor Connect Programme for emerging startups
Amazon India announced the launch of its 'Mentor Connect' programme on Sunday. The programme aims to accelerate the growth of startups and emerging brand owners enrolled under its Amazon Launchpad initiative. The Mentor Connect programme will create a support system for startups by providing them with the right kind of mentoring which will help them scale their business. Programme Highlights: ·...
Shypple bags €7.1 million in Series A funding
Rotterdam, Netherlands-based global digital freight forwarding platform Shypple announced in April 2021 that it has bagged €7.1 million in a Series A funding round from Dutch Founders Fund, Newtown Partners via the Imperial Venture Fund, BOM Brabant Ventures and InnovationQuarter. The startup will use the proceeds from the funding round to further develop its platform, which is revolutionizing the €295...
Cool Startup Stories: Nigerian Fintech Company Paystack
Overview The Fintech sector in Nigeria (and Africa as a whole) is beginning to witness significant acknowledgment and recognition in the global startup ecosystem today. This traction is, however, not due to the activities of commercial banks, as one may initially believe, but can be credited to the development and progress of innovative private companies with cutting-edge product offerings, revolutionizing...
NY-based corporate card and spend management platform Ramp raises funding
NY-based Ramp, a technology company that develops corporate cards and provides spend management software, raised US$ 115 million across two investments, at a valuation of US$ 1.6 billion on 9 April 2021. Investors: Ramp raised the capital in two tranches. It raised US$ 65 million in an investment round led by D1 Capital Partners that valued the startup at US$...
India experiences tech boom as nine startups grab Unicorn status in 4 months
Last week was definitely a historic one for India’s tech industry and the startup ecosystem. In just four days, the country minted at least six startups with a unicorn tag (valuation of US$ 1 billion or more). Why is it historic you ask? Well, India had a total of eleven new unicorns (Unacademy, Pine Labs, FirstCry, Zenoti, Nykaa, Postman,...
One-stop shop for skincare products Disco secures US $ 5 million
Disco, a Texas (United States) based startup, announced on 9th April 2021 that it has raised US $ 5 million in its seed funding round. The round was led by Midnight Venture Partners along with angel investors Paul Hedrik, founder and CEO of Tecovas, and Bryan Mahoney, co-founder and CEO of Chord. Investors: Midnight Venture Partners is a Texas based...
California based Medtech startup Moray Medical secures US $ 3.3 million
Moray Medical, a California (United States) based startup that seeks to improve the lives of people suffering from heart problems through its innovative technology, announced on 12th April 2021 that it has raised US $ 3.3 million in its seed funding round. The round was led by Heal Capital and 415 Capital Management. Investors: 415 Capital Management is Bayern, Germany,...
No-code visual storytelling platform Shorthand raises AU$ 10 million
Shorthand, a Brisbane based no-code publishing platform, announced on 10th April 2021 that it has raised AU$ 10 million in a private equity round. The round was led by Fortitude Investment Partners. Investors: Fortitude Investment Partners is a Brisbane based private equity firm that provides expertise, capital and resources to growth companies in Australia and New Zealand. It actively looks...
Everything You Need to Know About Archegos Capital
Around two weeks ago, the first signs of trouble in the US financial markets emerged when Archegos Capital Management, led by Bill Hwang, was forced by its lenders to dump more than $20 billion (USD) of stocks since it had missed its margin call. What ensued was simply unprecedented.
