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ETtech Deals Digest: Startups raise $871 million in September, down 28% on-yearStartups across seed, early, and late stages raised the funds through 87 deals, compared to 190 in the year-ago period.- Backed by 19 unicorn founders, VC Bipin Shah launches Rs 159 crore Solo GP Fund, Zeropearl VCThe fund will focus on pre-seed and seed investments, backing a select few startups in India's burgeoning ecosystem.
- Community ecommerce startup CityMall raises $47 million at flat valuationExisting investors, including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventu...
- BigBasket top brass churn; RMG ban pain manifestsHappy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech...
- CityMall undertakes first Esop buyback worth $1.3 million.CityMall, which is backed by investors like Accel, Elevation Capital and General Catalyst, raised $75 million in March. Three months later,...
- Jungle Ventures to triple its investment team in IndiaThe company, which closed its fourth $600 million fund in May, has a team of four professionals in New Delhi and Bengaluru. The company for...
- ETtech Deals Digest: UpGrad closes one of the biggest deals of the yearupGrad and Clevertap raised a combined $315 million this week.
- Agriculture export startup Produze raises $2.6 million in funding led by Accel PartnersProduze began its operations six months ago and was founded by Ben Mathew, Gaurav Agrawal, Rakesh Sasidharan and Emil Soman. Mathew and Agr...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- Citymall lays off 191 employees three months after raising $75 million in fundingOn Sunday evening, the company posted on professional networking site LinkedIn, saying it has taken the call to layoff a portion of its sta...
- Crypto investors nurse FOMO wounds; Zilingo founders offer to buy troubled firmAs the bears’ grip on the market tightens, Indian investors who succumbed to FOMO (fear of missing out) and invested in crypto assets are f...
- Singapore- based Jungle Ventures raises $600 million for new fundThe funding includes $450 million in the main Fund IV and $150 million in additional managed commitments, one of the largest pools of capit...
- Citymall raises $75 million in funding led by Norwest Venture PartnersThe funding will be used to expand across categories and geographies, and strengthen its back-end technology, said Angad Kikla, cofounder a...
- Quick commerce delivers quick jobs; 2022 will see fewer but bigger dealsInsiders estimate that more than 400,000 delivery jobs will be up for grabs in the next 90 days, almost 50% more than this time last year.
- Dealshare turns unicorn after $165 million funding from Tiger Global, Alpha WaveTiger Global invested almost $40 million while Alpha Wave Ventures invested more than $31 million. After the funding, Tiger Global owns 11....
- General Catalyst hires Anand Chandrasekaran for its India playIn his role as a General Catalyst’s partner and investor, Anand Chandrasekaran will focus on startup investments in India and the US. As an...
- CCI hears startups in Google case; CityMall joins grocery rushGoogle has been under fire around the world for its steep commissions and monopoly over payments on its Play Store.
- Otipy, a social commerce platform, gets $10.2 million from SIGOtipy will use the funding to enter additional categories for perishable items, such as milk and bread, as well as expansion into other cit...
- Social commerce startup Trell raises $45 million from Mirae, H&M othersPulkit Agrawal, Trell’s cofounder said that the company has fulfilled 1 million orders at an average order value between Rs 750-800.
- CityMall raises $22.5 million from General Catalyst, Jungle Ventures, othersCityMall, an e-commerce platform focused on smaller cities and towns, will use the fresh funding for hiring, technology and building a logi...
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