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The ofBusiness Team

OfBusiness joins unicorn club post SoftBank-led $160 million funding

Jul 31, 2021

OfBusiness' valuation now stands at $1.5 billion, making it the 18th unicorn to emerge this year in India

Hitashi Garg, founder - UniShop, Ankit Kushwaha, CTO- Unishop and the rest of the team will now be a part of Cashify

Cashify acquires UniShop, to enable sale of refurbished smartphones online

Jul 27, 2021

Cashify has been supplying refurbished smartphones to offline mobile retailers. However, due to limitations, these retailers have been selling the refurbished phones only offline

G.O.A.T Brand Labs fund raising series A round

G.O.A.T Brand Labs raises $36 mn in funding round led by Tiger Global

Jul 27, 2021

The series A round was led by Tiger Global and saw participation by Flipkart's early-stage venture fund Flipkart Ventures, Mayfield, Nordstar and Better Capital

ShareChat, Moj parent raises $145 mn from Temasek, Moore SV; valued at $2.88 bn

Jul 27, 2021

Parent Mohalla Tech will use the funds to step up its attempts at building world-class AI feed, attracting and incentivising a diverse creator base and amplifying platform health and safety

Nium has raised $300 mn so far

Nium raises $200 mn to become first global B2B payments unicorn from Southeast Asia

Jul 27, 2021

The new funding will be used to embed fintech services, continue building their payments infrastructure, accelerate geographic and vertical growth, explore regional opportunities and strategic acquisitions of new technologies and companies

After this deal, Great Learning will continue to function under its current leadership of founder and CEO Mohan Lakhamraju and co-founders Hari Nair and Arjun Nair

Byju's pumps $1 billion into higher education firm Great Learning

Jul 26, 2021

Byju's founder and CEO Byju Raveendran also elaborated on the joint commitment of Byju's and Great Learning to equip professionals with high-quality and industry-relevant educational programs

BlackBuck offers intercity logistics services to big companies, and small and medium enterprises (SMEs) across all major product segments

Trucking platform BlackBuck enters unicorn club after $67 mn fundraise

Jul 22, 2021

The Series E round of equity financing was led by Silicon Valley-based venture fund Tribe Capital, valuing BlackBuck at over $1 billion, and making it the 16th Indian startup to the country's coveted unicorn club thus far this year

Zouk is a PETA-approved startup that makes laptop bags, tote bags, slings, and chain wallets using vegan leather sourced and manufactured in India (Image: Zouk YouTube page)

Vegan brand Zouk raises Rs 1.5 mn from Stellaris, others

Jul 21, 2021

These funds will be allocated towards domestic and global expansion. They will also be used for boosting the supply chain and distribution line of Zouk and extending the company's product line

There are issues around angel investors, cross border payments etc where ADIF will work to bring in improvements

ADIF plans to make Indian startup ecosystem among top 3 globally by 2030

Jul 21, 2021

Alliance of Digital India Foundation (ADIF) executive director Sijo Kuruvila George said the ADIF will look at building a trust alliance of founders in the coming days where a lot of knowledge sharing can take place

The funds will be utilised to boost technology adoption, expansion in multiple cities and mid-level hiring

Mobility startup Automovill raises $500,000 from Mumbai Angels Network, NEDFi Capital

Jul 21, 2021

Jay Nagrecha and Sandeep Daga, who participated through Mumbai Angels Network, led this round. With the latest fundraise, Automovill has raised $1.2 million since its inception

The fresh capital will be utilised in deepening market penetration in existing markets, expanding geographic footprint, scaling manpower and strengthening technology and product capabilities, among others, Spinny said in the statement

Spinny raises $108 mn in funding round led by Tiger Global, Avenir Growth

Jul 19, 2021

The latest round includes a primary capital infusion of $105 million and a secondary sale of $3 million by select angels and early-stage investors.