Cashify, a marketplace for gadgets trade-ins and buybacks in India, has raised $90 million in a new financing round as it looks to expand its business in the world’s second largest smartphone market. Prosus Ventures and NewQuest Capital Partners led the seven-year-old Indian startup’s Series E fund…
Coinbase taps former Niti Aayog and Prosus exec for India expansion
Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expan…
Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M
Fashinza, a B2B supply chain marketplace for fashion brands, has raised $100 million in a venture funding round that values the company at $300 million.
India’s Meesho likely to postpone new funding amid market uncertainty
Meesho has let go over 150 employees and is looking to eliminate at least as many more positions as the Indian social commerce attempts to streamline its operations following an ongoing struggle to put together a new funding round at favorable terms, sources familiar with the matter said. Meesho, l…
Indian food delivery giant Swiggy eyes $1 billion IPO
Indian food delivery giant Swiggy has hired bankers as it gears up for an initial public offering next year, a source familiar with the matter said. The startup, which was valued at $10.7 billion in its Series K financing in January this year, is looking to raise as much as $1 billion in the IPO, […
India’s Captain Fresh more than doubles valuation to $500 million in three months
Captain Fresh, a farm-to-retail platform for animal protein, has more than doubled its valuation to $500 million in three months as the Indian startup deepens its footprints.
99minutos clocks in fresh capital for logistics infrastructure in Latin America
99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. The last round follows a $4…
Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure. Replicating the success of Robinhood in the U.S., some platforms are looking to create investors out of the region…
Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.