India

In August, the Silicon Valley-based early-stage VC firm raised USD 100 million for global investments, specifically in emerging markets like India and Southeast Asia.

The loss of revenue for OTT players on the account of piracy in India is expected to hit USD 3.08 billion by 2022.

Rheo’s flagship app has been downloaded 2.5 million times, while Rheo Studio has crossed 100,000 downloads with 50,000 registered livestreamers on the platform.

The recent transaction has tripled the five-year-old startup’s valuation to USD 1.45 billion in less than six months.

3One4 Capital would invest anywhere between USD 500,000 to USD 4 million each in 25 to 30 startups.

9Unicorns will write the check of USD 100,000 for five to seven percent equity per startups.

Warungs and kiranas are in for major changes.

The company has invested in about 90 companies to date. Three are now unicorns.