Ritesh Agarwal Success Story 2023: Founder Of OYO Rooms
In a country where finding budget-friendly hotels was once challenging, Ritesh Agarwal entered as a visionary entrepreneur to tackle this problem. OYO Rooms, meaning “On Your Own,” was a game-changer that revolutionised affordable accommodation options. OYO Rooms is India’s largest budget hotel chain that addresses the issues of hotel availability, cleanliness, and cost. Today, it…
Vishal Prajapati
Atomberg Raises $86M to Transform Indian Appliance Market
In a significant development for the Indian appliance market, Atomberg Technologies, a leading smart and energy-efficient fan manufacturer, has announced a successful Series C funding round. The funding, amounting to $86 million, was led by prominent investment firms Temasek and Steadview Capital. This significant injection of capital marks a turning point for Atomberg Technologies, setting…
7 Reasons Why You Should Invest in Startups
Startup! An extremely popular term that we all usually hear. A startup is a budding company with great potential for being a scalable business. In the startup domain, India ranks third for the largest startup ecosystem. As per the report published in Aug 2022, the country also has more than 77000 startups. No one can…
Sumit
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources. Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
John David
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…
GlobalBees Joins Unicorn Club For its Thrasio-Like House of Brands
GlobalBees has joined the Unicorn club as the New Delhi headquarters firm to scale its Thrasio- like the house of Brands. Prem Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed in a regulatory filing. Steadview Capital and existing investors ━ SoftBank…