Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Insights
The second wave of novel coronavirus in India is much more severe than the last one. Since April 15, more than 200,000 cases per day are being recorded.
Founded in 2008, Dream11 was the first Indian gaming startup to become a unicorn in 2019.
The newly launched venture fund will back Indian startups and entrepreneurs focusing on digitizing SMBs.
In less than four months this year, 11 startups have become unicorns.
CarTrade is gearing up to list its shares this year to raise INR 20 billion.
Besides Gupshup, the list of companies in which Tiger Global invested this week at a billion dollar valuation include Cred, Groww, and ShareChat.
As per industry body Nasscom, which tracks tech startup ecosystem in India, there were over 2,100 deep tech startups till mid last year.
This is Tiger Global’s third investment this week, the other two being a USD 200 million round in credit card payment company Cred and USD 83 million in wealth tech startup Groww.
By the financial year 2025, e-pharmacy firms in India are likely to reach a gross merchandise value of USD 13.3 billion.