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Zomato, BYJU S, Dream11 lead startups’ share of the $12 billion PE-VC funding in first three months of 2021
Zomato, BYJU S, Dream11 lead startups’ share of the $12 billion PE-VC funding in first three months of 2021
Sanchita DashApr 2, 2021, 08:00 IST
Indian cos garnered $11.9 billion in funding across 199 deals as per data released by Venture Intelligence. Pixabay
Indian cos garnered $11.9 billion in funding across 199 deals as per data released by Venture Intelligence.
Startups alone have made way for $4.2 billion in funding so far in 2021.
The major part of the funding in the first three months came through the one deal – Dewan Housing Finance or DHFL’s $5.2 billion acquisition by Piramal Enterprises.Indian companies have had a great beginning to 2021 as funding from private equity and venture capital firms soared. In the first three months of 2021, Indian cos garnered $11.9 billion in funding across 199 deals as per data released by Venture Intelligence.
Read more about Zomato raises Rs 1,800 crore in new funding round from five investors on Business Standard. The new valuation marks an increase from $3.9 billion valuation of Zomato in December
Info Edge shares, on Tuesday, surged 5 per cent to Rs 5,250 in intra-day deals on the BSE after food delivery giant Zomato raised another $250 million in primary fundraise from existing and new investors. Info Edge, the nation’s leading job-hunting platform, also has investments in at least 23 startups, including Zomato. In a stock exchange filing, Info Edge said that the latest transaction has taken the post-money valuation of Zomato to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round. “On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 per cent,” Info Edge said in the stock exchange filing.
IPO-bound Zomato s valuation jumps to $5.4 billion as it cashes in another $250 million
Sanchita DashFeb 23, 2021, 08:17 IST
Zomato founder Deepinder GoyalBCCL
Zomato has raised the latest investment from five different investment firms.
The foodtech unicorn has been raising funds in the last year, in what is thought to be a pre IPO round.
Founded in 2008 by Deepinder Goyal, Zomato is on its way to be one of the first startups in the country to head for an IPO.Indian foodtech unicorn Zomato has raised $250 million as it is headed for the stock markets with an initial public offering (IPO).
Zomato has raised the latest investment from investment firms like Kora Management, Fidelity Management, Tiger Global, Bow Wave Capital Management and Dragoneer Investment Group, shows a regulatory filing by one of the company’s earliest investors Info Edge.
Indian startups receive $10.14 billion in funding in 2020; Zomato, Byju s lead
Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20 percent, the report said
PTI | January 27, 2021 | Updated 12:33 IST
The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 percent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions
Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20 percent, the report said.