South Korea’s Mirae Assets Launches US$ 35M Fund for Indian Startups
Headquartered in Seoul, South Korea, Mirae Asset Financial Group is going to launch an early-stage focused fund worth US$ 35M for startups in India, called The Mirae Asset Venture Opportunities Fund 1. Mirae Assets is a financial services company that provides comprehensive financial services such as, wealth management, asset management, investment banking and life insurance. Mirae Asset group is set...
Financial Literacy for Entrepreneurs Series – Part 1
Not every entrepreneur is a finance person. Some might not even know the F of Finance. In the early days of the startup, the founder mainly focuses on consolidating the business, developing the product and the team. Meanwhile, managing the business accounts is usually done by founding members who might not actually be qualified in finance. Without hiring a...
California based Ensysce Biosciences secures US$ 60 million investment
Ensysce Biosciences, a San Diego California based biotechnology company, announced securing US$ 60 million capital funding from the alternative investment group, GEM Global on 31st December 2020. Ensysce Biosciences will use the proceeds of the investment to progress the development of a first in class PF614: Trypsin Activated Abuse Protection, MPAR: Multi-Pill Abuse Resistance and the extended-release opioid prodrug, and...
Amazon announces acquiring the American podcast Wondery
The e-commerce giant Amazon announced it is acquiring Wondery, the web behind the podcasts like “Dirty John” and “Dr. Death” on 30th December 2020. The Financial terms of this acquisition deal are not disclosed. But as per the Wall Street Journal reported previously that the deal was valued Wondery at approximately $300 million. As the platform announced, “Together with the podcast...
Crave Hospitality Raises Funds for its Ghost Kitchen Facility
US-based Crave Hospitality Group that provides kitchen spaces to independent restaurant brands and offers tenants marketing, delivery software and ordering, raised US$ 7.3 million in a seed funding round on 28 December 2020. The funding round was led by StageDotO, a venture capital firm with a primary focus on early-stage companies. It provides growth capital, guidance, and infrastructure to the...
2020 – The Year of Pivoting
If your business has survived the year 2020, congratulations! You made it. To survive the year, several companies had to either pivot or close down. According to Yelp's Economic Impact Report, 60% of business closures due to the COVID-19 pandemic are permanent in the US. Managing a company amidst the chaos created by the pandemic must have been extremely...
23andMe raises US$ 82.5M in Series F funding
Sunnyvale, California-based biotechnology company 23andMe has raised around US$ 82.5M in a Series F funding round held in December 2020, from Sequoia Capital and NewView Capital. The latest round brings the total raised by the company to date to over US$ 850M. The company will use proceeds from the funding round to fund and scale the business. Founded in 2006 by...
Metvy secures undisclosed amount in pre-Series A funding
Gurgaon, India-based professional networking startup Metvy has secured an undisclosed amount in a pre-Series A funding round held in December 2020, from HostelFund. Proceeds from the funding round will be used by the startup into developing its app to make it more meaningful and effective for networking and guidance for the younger group of the population. Founded in 2018 by Shawrya...
Big Tech: Pandemic Surge
2020 was a roller coaster ride, with more downs than ups. When the world was literally on fire, the stock markets were hitting all-time highs, and Big Tech was surging like never before.
Automated trading platform Coinrule secures €570K via Seedrs
London-based fintech startup Coinrule has secured €570K, an amount over 200% of its target via a crowdfunding campaign on Seedrs. The startup is said to be valued at around €5 million now. Proceeds from the funding round will enable Coinrule to increase the headcount of its team, expand into the rapidly-growing market of tokenized stock trading and to make finance...
