Founders of Chargebee have an inspiring story that restores your faith in the age-old saying that there is no substitute for hard work.
The home services firm Urban Company has been valued at $2 billion after it rose $190-million through Prosus Ventures. Being backed by Ratan Tata and Kalyan Krishnamurthy, Urban Company is the twelfth Indian start-up to join the unicorn club of 2021.
Byju’s is on its way to becoming an educational conglomerate. The company bought Aakash Educational Services for $950-million in a cash-and-stock deal.
Teachers being the unsung hero during a pandemic, education space became more prominent during this time and became the catalyst of change. Last year, 4,440 ed-tech platforms raised funding of more than $1.1 billion, which is four times more than what was raised in four years previously.
In this uncertain economy, age-old businesses have laid off their employees by drastic margins, giving way for an abrupt terrain for employees and businesses to sustain in the start-up ecosystem. India is seeing waves of changes in the transitioning of the travel tourism sector in 2021.
Even if we take $3.4 billion valuation into account, Zomato looks likely to take the driver’s seat from Swiggy after the launch of the IPO. If it happens, it will be no mean feat for Zomato which was far behind Swiggy till two years back. Zomato started turning its fortunes around in the beginning of this year.
Social restrictions compelled by the pandemic have created enormous opportunities for food delivery apps like Zomato and Swiggy. These businesses, successful and in-demand now, experienced some initial hiccups in the first phase of the lockdown, but orders then grew exponentially as the days passed. Now Zomato is looking to raise $100 million from US investment firm Tiger Global Management to further its market size.
Flipkart co-founder and former CEO Binny Bansal has sold $14 million worth of shares in the company to New York hedge fund Tiger Global, according to regulatory filings accessed through data intelligence platform Paper.vc.