The company will utilise the funds to bolster its product offering, expand in existing markets and enter new geographies.
The fresh fundraising by the hospitality start-up came at a time when it is slowly recovering from the impact of coronavirus pandemic.
The DoT has fixed 12 January for the pre-bid conference and 28 January as the last date for seeking clarifications on its notice.
The company said 70 percent of the funds were raised from existing investors and that the funds will be deployed in mid- and growth-stage entities across sectors in the startup ecosystem.
Paytm has digitised the entire process for loan application and disbursal with no physical documentation required.
Singapore International Arbitration Centre constitutes panel for final verdict on Amazon-Future case
The SIAC arbitration panel will pass the final verdict on whether Future Group can go ahead with its Rs 25,000 crore deal or not.
The company had previously raised Series A funding of $5 Million in 2019. This takes the total funding raised by the company to $9 million.
The company will use the investment to widen its R&D capabilities and build and support a manufacturing ecosystem under the Make in India initiative.
Urban Company's total expenditure on a consolidated basis grew 98.6 percent to Rs 418.25 crore in fiscal ended March 2020.
The Deepinder Goyal-led firm’s total expenses for the fiscal were reported as Rs 5,006 crore according to Tofler.
The series C fundraising was led by its existing investor DST Global, along with Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst.
The company saw a seven percent decline in net loss from Rs 1,904 crore in FY19 to Rs 1,771 crore in FY20, according to Tofler.
This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.
Amazon will soon launch Marathi language support on its platform following controversy in Maharashtra
“Work has already begun to launch Marathi shopping experience and seller registration soon,” Amazon recently said in a tweet.
Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20.
The ‘Creator Fund’ is aimed at helping content creators to use their creativity to make more engaging and impactful content.
The fresh capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers.
In 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. The decline is primarily attributed to the outbreak of COVID-19.
Asus to open 1,000 new retail points in India over the next year as the company plans on expanding its offline presence
Currently, the company has products available at over 6,000 retail points which include over 1,100 such points of sale as well as 5,000 traditional dealer shops.
Indian short-video apps like Josh, Chingari capture 40 percent of TikTok India's market share: Report
Tiktok at its peak had about 170 million MAU (Monthly Active Users) and a 2 times MAU growth trend in 2 years.