Wakefit Raises Mega Series B Round From Verlinvest, Sequoia At $258 Mn Valuation

India, Dec. 15 -- Looking to bolster its recent entry into the furniture space as well as the sleep solutions segment, Bengaluru-based D2C startup Wakefit has raised INR 185 Cr (around $26 Mn) in its ... Read More

Steadview Invests $25 Mn In Logistics Tech Unicorn Delhivery

India, Dec. 15 -- Steadview Capital has become the latest investor in logistics tech unicorn Delhivery. The Delhi-based startup raised the funds through the sale of secondary shares, which saw Steadvi... Read More

Will Big Tech's UPI Domination In India Bite Credit Card Giants Visa, Mastercard?

India, Dec. 15 -- With the surge in digital payments brought about by the Covid pandemic, UPI seems to have been the biggest winner as peer-to-merchant (P2M) transaction volumes have risen 12%, 8% and... Read More

WhiteHat Jr CEO Karan Bajaj Opens Up On Controversial Ads, Lawsuits And Global Expansion Plans

India, Dec. 14 -- Amid massive controversy in the past few months over its allegedly misleading advertisements as well as claims of a hollow model, BYJU's-owned edtech startup WhiteHat Jr will add cla... Read More

Movers And Shakers Of The Week [December 7 - December 12]

India, Dec. 12 -- We bring to you the latest edition of 'Movers and Shakers' of the week in the Indian startup ecosystem. It's been a watershed year for India's ecommerce ecosystem, particularly with... Read More

India's Disney+ Hotstar Accounts For 30% Of Disney's Global Subscriber Base

India, Dec. 11 -- Disney+ Hotstar said it would use its India strategy to guide major launches in other countries as it looks to build upon the success of the Indian launch this year. The streaming pl... Read More

Introducing 2020 In Review - A Look Back At An Unprecedented Year For Indian Startups

India, Dec. 10 -- 2020 Nothing could have prepared the world for a year like 2020. Almost overnight, trillions of dollars were lost, putting the lives of billions in disarray. Businesses faced an exi... Read More

Facebook India FY20 Revenue Up 43% At INR 1,277 Cr, Net Profit Doubles

India, Dec. 10 -- Social media giant Facebook India's revenues grew 43% year-on-year to about INR 1,277.3 Cr in 2019-20, while its net profit more than doubled to INR 135.7 Cr, as per regulatory docum... Read More

Amazon India's Largest Seller Cloudtail's Supplies Hit After GST Registration Suspension

India, Dec. 9 -- Cloudtail India, the largest seller on Amazon India platform suffered a major supply disruption after its goods and service tax (GST) registration was suspended in Haryana. Cloudtail... Read More

Edtech Startup Cuemath Raises $40 Mn From LGT Lightstone Aspada, Alpha Wave Incubation

India, Dec. 8 -- Google-backed edtech startup Cuemath has raised $40 Mn in Series C funding led by LGT Lightstone Aspada and Falcon Edge-managed Alpha Wave Incubation. Existing investors Sequoia Capit... Read More