Investment

The total wealth held by Indian ultra-high net worth individuals will also grow to over USD 700 billion by 2024, as compared to USD 440 billion in 2019.

At a USD 4 billion valuation, BrowserStack has emerged as the most valuable SaaS company from India, leaving behind Freshworks, which is preparing to go public in the US.

The funding deal values Apna at USD 570 million, five times more than what it was valued at just three months ago when it raised USD 12.5 million in its Series A round.

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.