Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Q&A
In the next 18 to 24 months, ProfitBoard Ventures plans to invest in 100 startups across India and Southeast Asia through its USD 100 million fund.
The government has been working toward enhancing the contribution of the digital economy to 20% of the Indian GDP in the next five years, from the current 7-8%.
Gurugram-based Cars24 saw its valuation double to USD 1 billion after raising USD 200 million Series E round led by DST Global.
Some of the apps being blocked in the latest blacklist have been growing well in India, the second-most-populous country in the world and one of the fastest-growing internet markets.
Sharechat has emerged as the largest TikTok competitor in India. It was reported to be in talks to raise USD 150-200 million from Microsoft and Google to expand its short video app Moj.
From the two-month-long COVID-19 lockdown to the economic slump to the Chinese funding crunch and app ban, 2020 has been a roller coaster year for entrepreneurs and investors alike.
The five-year-old firm plans to use the fresh funds to scale up its payment infrastructure, venture into new markets and product segments, and make strategic acquisitions.
The digital insurance marketplace is looking to go public next year, the ongoing fundraising is in line with its plans to raise about USD 250 million at a valuation of USD 2 billion before Sept. 2021.
The company said it has seen an increase of over 200% in its takeaway order volume in the last few months.