Investment

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

The new funding round may delay IPO plans for Flipkart, which was reported to be looking to go public in the US later this year.

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.

Former Goldman Japan vice chair aims to promote diversity from startup stage.

FDI equity inflow grew by 19% in the FY 2020-21 to reach USD 59.64 billion, compared to USD 49.98 billion a year ago.

A slew of IPOs may vindicate Masayoshi Son’s growth-at-all-costs view.

Indian venture debt funds raised a total of USD 85 million in FY 21, up from USD 62 million raised in FY 20.

Fintech startup Finology won the Seedstars World Competition, earning USD 500,000 in funding.