SaaS unicorn Eightfold AI has raised $220 million in a Series E funding round, led by SoftBank Vision Fund 2. With this round, the US-headquartered company founded by IITians Ashutosh Garg and Varun Kacholia, has more than doubled its valuation since November last year to $2.1 billion. This round also saw participation from previous investors including General Catalyst, Capital One Ventures, Foundation Capital, IVP and Lightspeed Venture Partners. Total funding raised to date by Eightfold AI is more than $410 million, with $325 million coming in the last seven months. The company, headquartered in the US, would be utilising the platform to fuel growth, invest in the technology and the product. “Most importantly, we will keep enhancing our functionalities, so that we can keep solving for employment. We are also extending our platform where our partners can build on top of our platform because we don t believe we can build everything ourselves,” Garg told Business Standard, a
Jellysmack Raises Series C Funding From SoftBank That Catapults It To Unicorn Status
Jellysmack, which helps creators who are successful on one platform diversify their portfolios across
Facebook,
Twitter, and
YouTube, has announced a Series C funding round that it says has catapulted it to unicorn status meaning it now touts a valuation over $1 billion.
SoftBank Vision Fund 2 the venture capital arm of the Tokyo-based conglomerate was the sole investor in the round, though the amount of the investment has not been disclosed, nor have the specifics of Jellysmack’s post-funding valuation. SoftBank founder, chairman, and CEO
Masayoshi Son announced the investment this morning in an investor briefing.
The investment is likely to value the Bengaluru-based startup at a little over $5 billion. It would be an extension of the $800-million Swiggy raised earlier this month.
Homegrown social commerce platform Meesho on Monday announced it has raised $300 million (over Rs 2,200 crore) in a new round of funding led by SoftBank Vision Fund 2, taking its valuation to $2.1 billion.
Big Win For E-Commerce With Indian Characteristics: Meesho Becomes Company Worth $2.1 Billion After Latest Round Of Funding
by Swarajya Staff - Apr 5, 2021 10:49 AM
Meesho founders.
Snapshot
Meesho operates a vast online marketplace that connects small and medium sellers with customers on social media platforms like WhatsApp, Instagram and also Facebook.
Indian social commerce startup Meesho said on 5 April that it has raised $300 million in a new round of funding led by SoftBank Vision Fund 2, taking its valuation to $2.1 billion.
The founder and chief executive officer of Meesho, Vidit Aatrey said that in the last year, the company has seen âtremendous growthâ across small businesses and entrepreneurs who are seeking to move their businesses online.