Investment

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.

Retired and working professionals and non-tech businessmen are exploring the Indian startup ecosystem to diversify their investment and are more than ready to take the risk.

Moglix has become the fifth B2B company this year, after Infra.Market, Innovaccer, Gupshup, and Chargebee, to command the valuation of over USD 1 billion.

WEH invests USD 100,000 to 400,000 in seed-stage startups and has backed a dozen companies so far.

Tiger Global’s appetite for growth-to-late stage deals—the flavor of the season—is the biggest driver bumping the valuation of late-stage startups.

The acquisition comes after LinkAja raised more than USD 100 million in its Series B funding round.

Urban Company is the eighth startup to achieve unicorn status in April.