City Sequoia, India Financial News

27.09 / 10:15

Provident Waves Digital audience Consumer fintech startup Bright Money raises $12 million in funding from existing investors

Bright Money, which allows users to reduce debt, has raised $12 million in an equity funding round led by existing investors Alpha Wave, Hummingbird VC and Peak XV Partners. As part of the funding, the consumer fintech startup has also raised $50 million in debt from speciality finance company Encina Lender Finance.

22.09 / 12:41

Provident Digital Platform ETtech Deals Digest: Funding value down 74% as dismal run continues

funding drought for Indian technology startups continued as a total of 16 deals were announced totalling $86 million in the week, down 11% by volume and 74% in value terms over the last week. Year-over-year, the week from September 16 to September 22, fared even more poorly. By volume, it was a 58% drop, and in terms of value, 71%.

21.09 / 00:39

Digital VISA Platform Parke country travelers E-visa startup Atlys raises $12 million from Elevation Capital, Peak XV, others

Atlys on Wednesday said it has raised $12 million in a Series A funding round led by Elevation Capital and Peak XV Partners, formerly Sequoia Capital India. The round also saw participation from existing investors Andreessen Horowitz (a16z), musical duo Chainsmokers, South Park Commons, Pinterest Founders, among other investors, as per a statement.

20.09 / 01:03

Aware Peak XV in talks to invest in new-age luggage brand Mokobara

Peak XV Partners, formerly Sequoia Capital India, is in talks with internet-first direct-to-consumer (D2C) luggage brand Mokobara for an investment that could value the startup at $65-80 million, multiple people aware of the discussions said.

07.09 / 01:07

UPS Provident Digital CEO awards Matrix ET Startup Awards 2023: Nominees for Woman Ahead

startups, unless there is no one with a CEO designation. The women up for this year's award run a diverse set of startups.Founder: Ayushi Gudwani

30.08 / 04:31

BLOCK Platform SoftBank Deal Zomato shares jump 5% as 1.16% equity traded via block deal; Softbank likely seller

Zomato jumped 5% to day's high of Rs 99.60 on a likely block deal in the pre-opening trade on Wednesday which saw 1.16% stake changing hands. ETNow reported at least six block deals involving 10 crore shares getting transacted. Japanese technology investor SoftBank Vision Fund is expected to have offloaded its shares in the food and grocery delivery company.

29.08 / 18:11

Target BLOCK Digital Platform SoftBank SoftBank expected to sell Zomato shares for Rs 940 crore

SoftBank Vision Fund is expected to offload around 10 crore shares in food and grocery delivery company Zomato on Wednesday, representing around 1.17% stake, according to sources. The block deal is expected to be worth approximately Rs 940 crore, indicating that SoftBank will sell the shares at Rs 94 apiece. As of June 30, SoftBank Vision Fund held over 28.71 crore shares in Zomato, representing 3.35% stake.

26.08 / 14:13

COST CEO Platform Action RAI Online math learning platform Cuemath lays off 100 more staff: Report

Cuemath has laid off 100 more employees amid a challenging macroeconomic environment for edtech companies, the media reported on Saturday.Peak XV Partners (formerly Sequoia Capital India) backs the startup. «Unfortunately, our revenue and cost trajectories are still divergent from expectations, and our problems are compounded by the bad macro situation around capital availability, particularly for edtech,» Cuemath's Founder and CEO, Manan Khurma, told employees in an email dated August 25, which is seen by Moneycontrol. «This means that we will have to move to a leaner team structure, in which some roles will get redundant. That exercise is being carried out today,» he added. In May, the company had laid off about 100 employees to improve efficiencies amid a worsening global landscape for K-12 edtech. «Post the May8 exits, I had said that hopefully the company will not need to take a similar action again.

06.08 / 13:41

Citi IPO Lowe's Target Citigroup India Shelter Finance files for ₹1,800 crore IPO paper with Sebi

Affordable housing finance company India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, has filed preliminary papers with the capital markets regulator Sebi to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issuance of equity shares worth ₹1,000 crore by the company, and an offer for sale of ₹800 crore by investors Catalyst Trusteeship, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III, and Nexus Opportunity Fund II, the draft red herring prospectus (DRHP) filed on Friday, read.

29.07 / 10:11

COST UPS Provident FIVE exclusive week Five must-read stories on Byju's crisis this week

Byju's key investors Peak XV Partners (formerly Sequoia Capital India) and Prosus flagged corporate governance issues at the Byju Raveendran-founded firm. In fact, we had an exclusive story on how Peak XV sent a communication to its limited partners (sponsors in the fund) saying it’ll be significantly writing down the value of its investment in Byju’s.

11.07 / 10:19

UPS Booking COMPOSITE Deloitte BAC Centre Byju's account books on radar as Centre orders inspection: Report

edtech startup Byju's. It has sought a report in six weeks, the Bloomberg News reported, citing people familiar with the matter. A media report (Hindu Business Line) on July 8 said the SFIO, a multi-disciplinary organization under the Ministry of Corporate Affairs (MCA), has begun its probe against Byju's.

08.07 / 16:49

UPS Action COMPOSITE Deloitte BAC SFIO begins probe into edTech major Byju’s irregularities: Report

Hindu Business Line on 8 July. In June, three directors — GV Ravishankar of Peak XV Partners (Sequoia Capital India), Russel Dreisenstock of Prosus, and Vivian Wu of Chan Zuckerberg Initiative — stepped down from Byju’s Board.

08.07 / 04:27

UPS Reuters Platform Mobile SAP Enterprise AI4Bharat researchers to raise $12 million from Peak XV, Lightspeed for own firm

AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are usually up to $1 million to $2 million.

07.07 / 17:09

UPS Microsoft Platform Mobile Enterprise Backed Microsoft-backed AI4Bharat set to raise $12 million funding from Peak XV, Lightspeed – sources

AI4Bharat, a start-up backed by Microsoft, is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter.The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, which is also backed by the Indian government, has been developing AI models for speech recognition and translation.

07.07 / 04:25

Indian Indian startups witness 72% decline in funding during H1 2023: Report

Indian startups witnessed a 72% decline in funding during the first half of 2023 as compared to last year in the same period, according to a report titled ‘Tracxn Geo Semi-Annual Report: India Tech- H1 2023’. This year from January to June (H1), the total startup funding was $5.5 billion in the country. The report also stated that the Indian startup funding trend shows a global decline, despite being ranked among the world's top three funded geographies after the United States and the United Kingdom, CNBC reported. In addition, the number of funding rounds in the Indian startup ecosystem also experienced a decrease in H1 2023.

04.07 / 01:03

COST UPS Aware Platform Deloitte Deal NOT Shah Rukh Khan may not renew deal with Byju’s

Shah Rukh Khan when it ends in September, people aware of the matter said. “With the edtech platform in serious trouble, Shah Rukh’s team is also hesitant to continue the association with the brand,” one of the people said. Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.

26.08 / 06:57

cryptocurrency Ether Bitcoin Cryptocurrency Prices Today August 26: Ether, Bitcoin rise as crypto m-cap inches higher

Major cryptocurrencies were trading in green early on August 26 as the global crypto market cap increased 0.41 percent to $1.04 trillion over the previous day. On the other hand, the total crypto market volume over the last 24 hours declined 2.21 percent to $64.04 billion.

14.06 / 08:29

Ethereum cryptocurrency Funding crypto payments Web3 Payments startup Nume Crypto raises $2 million from Sequoia Capital India

Nume Crypto has raised $2 million in a pre-seed funding round led by Sequoia Capital India, the web3 payments startup said on June 14.

17.05 / 17:35

cryptocurrency CRYPTONEWS Coinshift Closes USD 15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

22.04 / 16:11

business Polygon Funding Venture Capital Web3 Developers Polygon launches ‘Supernet’ chains, pledges $100M to Web3 developers

Ethereum scaling solution Polygon has launched a new network for Web3 development, pledging $100 million to early users who can help fast-track adoption.

breaking news about city Sequoia, India

What is the current situation in city Sequoia, India?

In city Sequoia, India, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about city Sequoia, India?

We publish reliable reports about the situation in city Sequoia, India, based on information from trusted sources.

What shapes the media agenda in city Sequoia, India?

The news landscape of city Sequoia, India is shaped by the region’s internal dynamics, reflecting its local way of life.