Moulishree Srivastava

Freshworks’ share price surge up to 33% to around USD 48 on the back of high investor demand, while its market capitalization ballooned to USD 13 billion on the first day of trading.

The Mumbai-based firm made a profit of USD 24.4 million in the financial year ended March 31, 2020—a big jump from the USD 11.7 million loss it made a year earlier.

Heavyweight investors including SoftBank, Falcon Edge, and Tiger Global have pumped hundreds of millions of dollars into India’s used car segment since the start of this year.

2am VC aims to back startups across themes like e-commerce, fintech, wellness, mental health and fitness, crypto, and NFTs.

Byju’s has set aside USD 1 billion to invest in the American edtech market over the next three years.

Apna has emerged as the fastest Indian startup to turn into a unicorn—in just 21 months—while MPL is the second gaming unicorn in the country.

To fund the acquisitions, the online pharmacy unicorn has raised almost USD 900 million in funding in 2021 so far.

Byju’s may file documents for an IPO as early as the second quarter of next year, aiming for a valuation between USD 40–50 billion.