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India s top unicorn founders share their experience of building large businesses SECTIONS Last Updated: Jan 16, 2021, 07:46 PM IST Share Synopsis In the year 2020 alone, the country minted over 9 such new Unicorns, despite the disruption to businesses and the economy caused by the dreaded Covid-19 pandemic. ETtech Illustration: Rahul Awasthi India today houses the world’s third-largest startup ecosystem with 36 firms being valued at over $1 billion making them so-called Unicorns. In the year 2020 alone, the country minted over 9 such new Unicorns, despite the disruption to businesses and the economy caused by the dreaded Covid-19 pandemic. In a session moderated by Sanjeev Bikhchandani, founder of Infoedge, at Prarambh, an event organised by the Startup India initiative, Nikhil Kamath, founder and CEO of Zerodha, Hari Menon, co-founder and CEO of BigBasket, Sridhar Vembu, founder and CEO of Zoho Corporation and Ritesh Agarwal, founder and CEO ....
First unicorn of 2021: Digit Insurance raises Rs 135 crore capital; valuation stands at $1.9 bn freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Bengaluru-based general insurer’s latest Rs 135-crore funding round, led by existing private equity investors A91 Partners, Faering Capital and TVS Capital, has valued the company at $1.9 billion, making it the second insurtech startup after Policybazaar to enter the coveted unicorn club, or those with valuations of over $1 billion. Last year, 11 startups achieved unicorn status. The capital infusion was predominantly to shore up its solvency ratio to comply with the Insurance Regulatory and Development Authority of India’s (IRDAI) norms, Kamesh Goyal, founder and chief executive, told ET. IRDAI norms stipulate that insurance companies must maintain a minimum solvency ratio of 150% always. ....
The secret to handling investors, from the man who built two Bengaluru unicorns Having established two unicorns, InMobi Founder and CEO, Naveen Tewari, shares valuable tips on dealing with investors. 0 claps Bengaluru, having achieved the two billion-dollar startups out of the city. His advertising technology startup, InMobi, was the first to reach unicorn (startup valued at $1 billion) status in India when it received a funding of $200 million from SoftBank in 2011. Last month, Naveen and his team did it again when InMobi’s subsidiary Glance (a two-year-old mobile content startup) became a billion-dollar company after raising a fresh round of funding from search giant, Google, and existing investor, ....
Checkout.com This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Payments startup Checkout.com is now Europe s most valuable startup after raising $450 million at a $15 billion valuation. It is almost the fourth most valuable fintech globally. The Series C was led by hedge fund giant Tiger Global Management amid a boom in interest in fintech startups from the private equity world. Checkout.com powers online payments for merchants like food delivery unicorn Deliveroo and fintech TransferWise among others. Payments firm Checkout.com is now Europe s most valuable startup after raising $450 million at a $15 billion valuation. ....