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Video software platform Vimeo valued at nearly $6 billion in a new round of fundraising
Techsamvad •In December, Vimeo saw its highest month of year-over-year revenue growth—57 percent—for all of 2020.
Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
Techsamvad •This is the third year in a row that India has kept its number four position globally after the US, China and the UK.
Furniture rental startup Furlenco raises Rs 20 crore in venture debt from Blacksoil
Techsamvad •Furlenco has furnished over 150,000 homes across eight major cities in India and has AUM (assets under management) worth over Rs 200 crore.
CRED founder Kunal Shah backs Carl Pei's upcoming venture in an undisclosed amount of funding
Techsamvad •"Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” Kunal Shah said.
boAt raises $100 million in funding from New York-based private equity firm Warburg Pincus
Techsamvad •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.
Amazon has invested Rs 11,400 crore in India in the financial year 2019-2020
Techsamvad •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.
Agritech startup Gramophone has raised Rs 25 crore in a funding round led by Siana Capital
Techsamvad •The fresh capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers.
Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows
Techsamvad •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.
Hyderabad-based SucSEED Indovation announces closure of Rs 100 crore fund by raising Rs 40 crore
Techsamvad •The licensed and registered angel fund along with its first closure also announced its three new startup investments.
Dailyhunt parent VerSe Innovation raises $100 million in fresh funds from Google, Microsoft and others
Techsamvad •This new round of funding pushes VerSe Innovation, owner of the short-form video app Josh, into the unicorn club.