10.7 C
Wednesday, April 21, 2021

Four startups enter Unicorn club in first four months of 2021

Must read

UK Time Newshttps://www.uktimenews.com
UK Time News is your daily dose of Latest News, Entertainment, Music, Fashion, Lifestyle, World, Cricket, Sports, Politics, Tech, Business News Website. We provide you with the Latest Breaking News Straight from the UK & all around the World on different categories.

ShareChat said it has raised $ 502 million in new funds from Tiger Global.

Four startups morphed into Unicorns, a company valued at $ 1 billion or more, in the first four months of 2021. Groww, Meesho, ShareChat and API Holdings became unicorns after the last round of funding valuing them all at over $ 1 billion or Rs 7,450 crore. India’s leading social commerce platform said on Monday it had raised $ 300 million in new funding led by SoftBank Vision Fund 2, valuing Meesho at $ 2.1 billion.

READ  Nithin Kamath of Zerodha does not seek to raise funds, even as a unicorn mushroom; want that instead
READ  FTSE 100 set to rise as fallout from Archegos fund explosion abates

The newly created stock market investment platform Groww on Wednesday raised $ 83 million, led by Tiger Global, for a valuation of $ 1 billion. Launched in 2017, Groww has become one of the fastest growing investment platforms in India, with over 1.5 million registered users. Groww allows users to invest in stocks, mutual funds, ETFs, IPOs and gold in a simple, paperless and hassle-free way.

READ  Chinese tech startups withdraw IPO plans as Beijing tightens control

The founder of online pharmacy company PharmEasy – API Holding – entered the unicorn club on Wednesday after announcing a $ 350 million raise from Prosus Ventures and TPG Growth, valuing the startup at $ 1.5 billion. dollars. New funds will deepen the market engagement of more than 100,000 pharmacies and more than 20 million patients per year on the company’s platforms, API Holdings said in a press release.

READ  Chinese tech startups withdraw IPO plans as Beijing tightens control
READ  Diesel prices remain unchanged in all metros on Saturday

Content-sharing platform ShareChat said it raised $ 502 million in new funds from Tiger Global, Snap Inc and some existing investors such as Twitter Inc, worth more than $ 2 billion.

The funding was led by US venture capital firm Lightspeed Venture Partners and US investment firm Tiger, ShareChat said in a statement Thursday.

Tiger Global and Snap, owners of the popular Snapchat photo messaging app, are new investors in the Indian platform.


More articles


Latest article