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Startups

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1K Kirana raises $25Mn for its hyperlocal ‘kirana’ stores aggregation platform

1K Kirana, founded by Kumar Sangeetesh, Abhishek Halder and Sachin Sharma, primarily serves as a distribution network for local departmental stores in order to alleviate their struggles of acquiring inventory at the best price available.
CarTrade

Cars24 lets go of 600 employees citing “business as usual, performance linked exits”

Indian start-up land is facing layoffs from all directions. Online used car…

HappyLocate taps $1.1Mn in pre-Series A to help companies avoid employee relocation hassles

Let’s face it, relocation for a new job — both from your…

Embedded credit fintech BharatX gets seeded with $4.5Mn from YC and others

Through its embedded credit platform, BharatX lets consumer convert their spends into easy EMI options, including new & innovative ways, such as ‘Pay 3’.

ApnaKlub gets $10Mn in Series A to address challenges in India’s FMCG distribution system

ApnaKlub allows anyone with a smartphone to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community.
Delhivery

Ahead of its IPO, Delhivery lands ₹2,347 crore from 64 anchor investors

75% of the Delhivery IPO issue has been reserved for qualified institutional investors, 15% has been reserved for non-institutional investors, and the remaining 10% for retail investors.

Cryptocurrency exchange KuCoin raises $150Mn, now valued at $10 Billion

Cryptocurrency exchange platform KuCoin has raked in $150 Million in a fresh pre-series B fundraise. KuCoin, a fourth year startup, is now valued at a towering $10Bn.
Razorpay

Razorpay’s announces $75Mn fresh secondary share sale, its biggest ESOP buyback to date, Lightspeed, Moore Ventures participate

Fintech unicorn Razorpay has announced its latest secondary share sale. And at…

Crypto Investment platform Koinbasket raises $2Mn in pre-seed round

Koinbasket maintains integration with multiple exchanges across the globe in order to provide its current userbase of 15 million, comprehensive data to select a set of cryptocurrencies out of the thousands available in the market.

FREED lands $2.8Mn from Inflection Point & others to help consumers eliminate large, unsecured debts

With the growth in retail credit, mounting NPAs and low recovery rates on late-stage delinquencies, FREED is attempting to solve a $15 billion NPA problem.

Neobank Kaleidofin rakes in $15 Mn in Series B, Michael and Susan Dell foundation leads

Kaleidofin has an impressive reach in the Indian market, carrying a userbase of 1.2 million across 230 districts in 14 states of India.

SaaS startup Toplyne tops up with $15Mn in Series A lead by Tiger Global and Sequoia

Toplyne currently has an impressive clientele which includes names like Canva, Grafana, Gather.Town, InVideo and BrowserStack.

a16z on pace to invest $500 Mn in Indian Startups: Report

a16z will be noticing familiar venture capital competitors already boasting of a dominant presence in the Indian start-up land. Accel, Lightspeed, Sequoia and Softbank have made significant moves in the Indian market.

Quick commerce startup Zepto valued at $900Mn after a new $200Mn fundraise

The meteoric rise of quick commerce (set to reach $5.5 billion by…

Neobank ‘Open’ turns unicorn after latest Series D fundraise

Bengaluru based fifth year Neobank startup Open has reportedly raised $50 Mn…

Zenda, a platform that helps parents with school fee payments, gets seeded with $9.4Mn to expand in India

Zenda, which helps parents pay school fee digitally and keep a track of the same, has raised $9.4Mn in a seed round, to expand in India.
Amazon

Amazon doubles down on social commerce in India with Glowroad acquisition

Amazon India has deepened its push into the growing social commerce sector…
Amazon

Amazon announces $1Bn venture fund for up and coming supply chain, logistics startups

Amazon is investing $1Bn into supply chain, fulfillment and logistics innovation and further improve the customer and employee experience.

Elon Musk’s “The Boring Company” pockets $675 million to build and scale Loop projects

This development comes months after The Boring Company received a green signal to make the ‘Vegas Loop’.

Sales commission management platform Everstage scoops up $13Mn in Series A fundraise

With commission structures becoming complicated by the day, sales teams often do…