NY-based corporate card and spend management platform Ramp raises funding

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

nine startups grab Unicorn status

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 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 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 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.

American startup Finary secures US $ 3.2 million in seed round

Finary secures US $ 3.2 million

Finary, a New York based social platform for investing, announced on 9th April 2021 that it has raised US $ 3.2 million in its seed funding round. The round was led by Upfront Ventures along with participation from Dash Fund, and angel investors Lenny Rachitsky, Eden Chen, James Beshara and more. Investors: Upfront Ventures is a California, United States, based...

Indian Car Leasing company PumPumPum raises US$ 55M in Pre-Series A round

Car Leasing company PumPumPum

Gurugram, India-based startup PumPumPum, which offers used car leasing in the corporate and retail segment, raised US$ 55M (Rs 5.5 crores) in pre-Series A round on 9 April 2021. Investors: The funding round was led by Inflection Point Ventures. Other participants included Lets Venture and Agility Ventures. Purpose of the funding: PumPumPum will utilise the capital for category disruption, consumer awareness,...

Chinese ride-hailing company DiDi Chuxing files for U.S. IPO

Chinese ride-hailing company DiDi Chuxing

Chinese ride-hailing company DiDi Chuxing has filed confidentially with the U.S. Securities and Exchange Commission for an IPO (initial public offering) on 9 April 2021. IPO Details: Goldman Sachs Group Inc. and Morgan Stanley will act as underwriters. DiDi Chuxing is said to be raising US$ 1.5 billion in debt financing ahead of a blockbuster U.S. IPO through a revolving...

A brief history of venture capitalism

An image depicting the history of venture capitalism

Introduction The term "venture capital" (VC) is perhaps one of the most common concepts in the world of startups today. It talks about an investment style where an individual or a company provides the needed capital to startups that show high-growth potential in exchange for an equity stake. To truly understand, thrive in, and perhaps, shape the future of the...