The app has lured people with its rapid delivery of items ranging from groceries to parcels in cities
Six firms, including these two, have been added to the club just this week
Announcement came shortly after Mohalla Tech, parent firm of short video app Moj and Indic language social media platform ShareChat, said it had raised $502 mn, valuing it over $2.1 billion
The fund currently has nine unicorns in portfolio such as BigBasket, Urban Company Cars24, Rivigo
A snapshot of the key data on Indian companies
Business Standard brings you stories that made the headlines Monday: The Modi government opening up the vaccination drive to the impact of SC waiver on compound interest on debt
Start-ups, the note said, account for a reasonably high 6-7 per cent of new firms in India, and the ratio has risen over the past decade. India is a home to the third-largest set of unicorns globally.
PatSnap, an intellectual property platform, has raised $300 million in its latest funding round led by SoftBank Vision Fund 2 and Tencent Investment, joining a list of global technology unicorns.
Book review of The Economics of Venture Capital Firm Operations in India
The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.
The new funding round brings the total capital raised by Innovaccer to over $225 million.
The Delhi-based fintech company has already returned Rs 102 cr cash to its secondary investors as against the initial angel round of Rs 1.9 cr
Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone
Big tech companies such as Facebook, Google and Microsoft are also eyeing large strategic investments in Indian startups
The fintech firm, which competes with players like Pine Labs, Paytm and Mswipe, provides payment technology and digital lending for offline businesses, including kiranas
The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value
While foreign investors like Japan's Softbank, China's Alibaba, and the US' Sequoia are big players in the start-up space, India doesn't have a serious VC sector with risk appetite, writes T N Ninan
Here's a selection of Business Standard opinion pieces for the day
Indian unicorns notch up valuation of $128.9 bn in 2020; several looking at IPOs
Depending on headwinds, 2021 promises to be a positive year for Indian tech start-ups - marching steadily towards a trillion-dollar digital economy goal