Salman S.H

India: After dry spell, over half a dozen startups gear up to enter unicorn club

Take a look at eight such startups that are market leaders in their respective businesses and have become investor favourites.

Google to launch mentorship program ‘Solve for India’ for tech startups

Google’s new mentorship project will focus primarily on startup products that demonstrate expertise in AI and machine learning.

Swedish investor Kinnevik downgrades Quikr valuation by 12% to $885m

Kinnevik, which holds an 18% stake in Quikr, said the fair value of its holding was marked at $159.29 million for the year ended December 2017.

India: Amazon provides $22m equity funding to digital lender Capital Float

The current funding from Amazon is part of Capital Float’s Series C round in August 2017 when it raised $45 million.

SaaS startup Fyle gets funding from Pravega, Beenext

The new funding round also saw participation from Girish Mathrubootham-led Freshworks, also one of Fyle’s enterprise clients

Insurance platform Coverfox raises $22m round led by IFC, return backer Transamerica

SAIF partners, Accel and Catamaran Ventures also participated in the current round.

Social commerce platform Meesho in funding talks with Sequoia, SAIF Partners

The company operates as an online marketplace, which connects resellers directly with raw material suppliers.

Gray Matters Capital to fund education tech startups in India

It will invest $2 million in startups that it mentors. It plans to conduct one cohort every year with 8 startups.

India: SAIF Partners-backed ClearTax acquires startup TOOTL

ClearTax plans to use TOOTL’s technology to curate personalized tax, finance and compliance related content on its website.

India: TravelTriangle raises $12m Series C round led by Fundamentum

Existing investors SAIF Partners, Bessemer Venture Partners and RB investments also participated in the round.