Page 4 - Unicorn Companies
upGrad launches new upskilling programme; aims to enable 75,000 jobs
Bucking the slowdown trend within the edtech sector, upGrad said it has remained bullish with its program completion rate of 80 per cent
 "upGrad launches new upskilling programme; aims to enable 75,000 jobs")
Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch
WeWork co-founder and former CEO Adam Neumann receives $350 million funding from top investment fund Andreessen Horowitz (a16z) for his upcoming business named Flow
 "Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch")
The young kings of Silicon Valley are dismounting their unicorns
They rode unicorns to fame and fortune. In a rocky market, it got a little less fun
 "The young kings of Silicon Valley are dismounting their unicorns")
SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with MFs
SoftBank, through SoftBank Vision Fund, has invested USD 15 billion in India of which around USD 11 billion has been invested in the last five years
 "SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with MFs")
26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop
Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India's small but rapidly growing wine market
 "26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop")
BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit
According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.
 "BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit")
Asian unicorns are trading 40% cheaper than 6 months ago in private markets
"For some of the unicorns, we are seeing very limited demand," Patel said, adding that bid offers are 25% to 50% lower compared with the firms' latest fundraising valuations.
 "Asian unicorns are trading 40% cheaper than 6 months ago in private markets")
Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs
upGrad is planning to expand its operations in rural India with various programmes including upskilling the talent present there for job opportunities in the private sector
 "Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs")
OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek
The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures
 "OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek")
Zetwerk buys Pinaka Aerospace to expand defence manufacturing business
Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore
 "Zetwerk buys Pinaka Aerospace to expand defence manufacturing business")
50K startup workers stare at job loss as India preps for 200 new unicorns
As startups in India keep firing their staff to navigate through the 'funding winter' and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to welcome 200 unicorns
 "50K startup workers stare at job loss as India preps for 200 new unicorns")
India will have 122 new unicorns in 4 years: Hurun Research report
In just one year, the number of such startups has increased by 65%
 "India will have 122 new unicorns in 4 years: Hurun Research report")
India leading the way of innovation, says PM Narendra Modi in Germany
During the speech, Modi also shared his government's achievements and said India will not be left behind in the fourth Industrial Revolution
 "India leading the way of innovation, says PM Narendra Modi in Germany")
India's new unicorn LeadSquared raises $153 mn from WestBridge Capital
LeadSquared previously raised $32 million led by Gaja Capital in 2020, and $3 million during its Series A led by Stakeboat Capital in 2019
 "India's new unicorn LeadSquared raises $153 mn from WestBridge Capital")
BlackBuck bounces back from Covid, reimagines its trucking business model
The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023
 "BlackBuck bounces back from Covid, reimagines its trucking business model")
Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report
Startups with a valuation of $1 billion or more, also called unicorns, are likely to take on lease 8.1 million square feet of office space during 2022-24 period across six major cities, a report said
 "Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report")
Beauty start-up Purplle raises $33 mn in funding, gets unicorn status
It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.
 "Beauty start-up Purplle raises $33 mn in funding, gets unicorn status")
Goldman-backed beauty startup Purplle becomes India's newest unicorn
Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation, becoming the second billion-dollar company to be created in India this week despite souring investor sentiment on startups
Top headlines: Physics Wallah becomes unicorn; I-T portal develops snag
The Income Tax Department's new-look tax return filing portal, developed by Infosys, again developed snags on Tuesday - a day that marked the first anniversary of its unveiling.
 "Top headlines: Physics Wallah becomes unicorn; I-T portal develops snag")
Search for climate-tech unicorns
Start-ups in the climate space are also the focus of philanthropists and impact investors, among others
 "Search for climate-tech unicorns")
