Funding

Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco

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…

Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million

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 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…