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ZOPPER FUNDING ROUND
Warburg Pincus-backed Whatfix lays off 6% of staff; trims sales, marketing rolesThe Bengaluru-based firm has handed pink slips to employees in its sales and marketing teams as increased adoption of artificial intelligen...
Creaegis may fund Giva at $470-500 million valuationGiva is discussing a funding round with Creaegis to raise $80-100 million at a $470-500 million valuation. Giva has rapidly expanded its re...
ETtech Deals Digest: Startup funding rises 774% on-year to $608 million this weekThe startups raised funds through 23 deals, compared to 28 in the year-ago period. This week, startups raised funds through 23 deals, compa...
Zepto CEO Aadit Palicha's interview; Lisa Su on AMD's India plansHappy Friday! Zepto CEO on growth, cash burn, foreign ownership and impact on kiranas. This and more in today’s ETtech Morning Dispatch.
Insurtech startup Zopper bags $25 million in round led by Elevation Capital, Dharana CapitalThe round also saw participation from existing investor Blume Ventures. The company has raised $96 million in funding till now from the lik...
Insurtech startups make hay as embedded insurance gets the spotlightFrom banks that want to cross-sell insurance products to ecommerce companies offering to insure large-ticket purchases to travel aggregator...
December dip in online sales; insurtech firms chart fresh growth pathsAfter an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in today’s ETtech...
Creaegis closes maiden fund at $426 millionFounded by former Premji Invest managing partner and chief investment officer (CIO) Prakash Parthasarathy, the fund is expected to be large...
Blume Ventures elevates Arpit Agarwal, Sajith Pai as investment partnersAgarwal, who joined Blume in 2014, heads the emerging tech vertical at the firm, including electric vehicles and climate tech. Pai, along w...
Indian startup sector funding nosedives 80% in Q3, slowdown to continue: reportThe funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with ...
ETtech Deals Digest: Startups continue to reel under the funding winterAfter weeks of tepid funding rounds regarding numbers and values, this week also seems to have sub-$100 million deals.
NPCI pings govt, industry on UPI market share cap; ONDC rules on resolving disputes coming soonPhonePe and Google Pay, on average, have a share of about 80% on the digital payments network each month. While PhonePe clocked 3.14 billio...
Insurtech platform Zopper raises $75 million funding led by CreaegisZopper will use the capital to support international expansion, beef up the platform’s technology, and data engineering functions, and for ...
WeSkill raises over $400,000 in pre-seed funding roundWeSkill, an online platform that enables live and interactive extracurricular learning for children, has raised more than $400,00 from ange...
PhonePe to acquire content discovery platform Indus OS for $60 millionBengaluru-based PhonePe's rationale for acquiring Indus OS is to boost its ‘super app’ Switch
Blume Ventures bags $30 million for Fund-II“We will be more significant in the first round — both in stake an dollar terms — to maintain our stake in series A and B,” Reddy stated.
Zopper eyes US$ 200-million GMV by March, to hire 130 peopleZopper aims to double its gross merchandise value (GMV) run rate to US$ 200 million by the end of the fiscal, buoyed by strong growth in el...
Zopper.com, aggregator for offline retailers, expands baseZopper.com is working with offline stores to attract shoppers who typically check out online deals first.
Startups struggling to find follow-on funds due to closer scrutiny by VC firmsAccording to a study done on 2,000 US VC-backed cos during 2004-10, only 24% of these startups were able to return profits for their invest...
Product discovery companies offer buyers information on local mom and pop shops productWhile e-tailing has been a fast growing channel in the Indian retailing landscape, the bulk of retail sales happen through brick and mortar...