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Unicorns

Unicorns

Slice is the latest unicorn

Credit card payment startup, slice, is India’s 41st unicorn this year

Nov 29, 2021

The company has raised the funds at over a valuation of $1 billion, as per an official announcement.

(From left to right) Amit Kumar Agarwal (CEO), Akhil Gupta (CTO), and Saurabh Garg (CBO).

NoBroker becomes India's first proptech unicorn, plans heavy investment on apartment management services

Nov 23, 2021

The deal values the company at $1 billion, helping it become the first prop-tech unicorn in India. NoBroker has raised $361 million so far.

Mahindra Group chairperson and Padma awardee Anand Mahindra on Ashay Bhave's startup Thaely

Here's why Anand Mahindra wants to fund this up-and-coming Indian start-up

Nov 17, 2021

This start-up is known as Thaely and was developed by Ashay Bhave to produce ethically developed sneakers that use components recycled from waste materials.

Meesho aims to reach 100 million users by December 2022

Meesho logs 17.8 mn users in Sept; aims to reach 100 mn by Dec 2022

Nov 16, 2021

Meesho had 209,000 users and 1.2 million orders per month in February 2019 and 563,000 users and 3.1 million orders per month in March 2020

The Good Glam Group co-founders Darpan Sanghvi (left), Priyanka Gill (centre) and Naiyya Saggi (right). BT Photo

Good Glamm becomes 35th Indian unicorn of 2021 after $150-mn fundraise by Warburg Pincus, Prosus Ventures

Nov 09, 2021

Good Glamm Group will use the latest funding to invest in product development, support data science and technology research, increase offline expansion, and fund working capital requirements.

Last month, Meesho raised $570 million in a series F funding round led by Fidelity Management and Research Company and B Capital Group

Meesho announces $5.5 mn ESOP liquidity program for current, ex-employees

Oct 29, 2021

These ESOPs are aimed at giving employees high ownership while also providing them with opportunities for wealth creation, according to Meesho founder and CEO Vidit Aatrey.

ACKO is India's latest unicorn

Insurtech startup ACKO is 34th unicorn of 2021 after a $255 mn fundraise 

Oct 28, 2021

ACKO claims to be one of India's first digital-native insurers and has pioneered the direct-to-consumer auto insurance space in the country.

While India added 10 new unicorns, Canada and the UK added 4 new unicorns each whereas China and Hong Kong added 7 new unicorns in 2021.

India has second largest number of unicorns; Sequoia top investor, says PwC India report

Oct 18, 2021

According to this report, economies like the UK, China and Hong Kong, and Canada are much behind India in terms of adding new unicorns.

Bhal says the company is planning to increase prices of high-demand services marginally, by 2-3 per cent, as part of its 12-point action agenda.

We were taken aback by the protests; introduced changes in a single shot: Urban Company's Abhiraj Bhal

Oct 17, 2021

The 12-point program introduced by Urban Company after protests by partners has been received well and it has been flooded by 'thank you' messages, says CEO and co-founder Abhiraj Bhal.

The announcement comes after Pine Labs' successful fund-raising rounds worth $700 million this year at a $3.5 billion valuation

IPO-bound Pine Labs announces its foray into the online payments space

Oct 14, 2021

The announcement comes after the company's successful fund-raising rounds worth $700 million this year at a $3.5 billion valuation , which also included a $100 million pre-IPO placement.

On average, a partner spends 69 hours monthly on the platform earning Rs 277 per hour

Urban Company to reduce commissions, increase earnings for gig workers after facing backlash

Oct 14, 2021

The company earlier released detailed data on the earnings of its delivery partners and denied allegations that surfaced on social media saying that some executives made a meagre Rs 67 for four orders during the day.