Sixth Unicorn in a Week: Gupshup, ShareChat Now Valued at Over A Billion Dollar After Fundraise
3 years, 9 months ago

Sixth Unicorn in a Week: Gupshup, ShareChat Now Valued at Over A Billion Dollar After Fundraise

News 18  

Gupshup and Sharechat, messaging platforms, have joined the list of ten Indian startups to become billion-dollar valued companies or unicorns in the first four months of 2021, in what is a historic moment for the Indian ecosystem. Gupshup, a messaging platform with operations in Mumbai and US, has raised USD 100 million from Tiger Global at a valuation of USD 1.4 billion and is eyeing a public listing soon. Earlier in the day, regional language social network, ShareChat was valued at USD 2.1 billion in its latest USD 502 million funding round. Launched by three IIT Kanpur alumni- Sachdeva, Farid Ahsan and Bhanu Singh in 2015, ShareChat was among the early players in the regional language content and social media space in India, a space with dozens of players in the last year.

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VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
1 month ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

2 Ningbo companies listed as unicorns
8 months, 4 weeks ago

2 Ningbo companies listed as unicorns

China Daily  

An electric car developed by Zeeker. Two additional companies based in Ningbo, Zhejiang province, have been recognized as unicorns, according to the Global Unicorn Index 2024 released by the Hurun Research Institute on April 9. The two companies, Zeeker and Rong Semiconductor, secured the 28th and 482nd positions on the list, with valuations reaching 92 billion yuan and 16 billion …

Sharechat gets $49 million funding from investors, aims to be profitable in…
9 months, 1 week ago

Sharechat gets $49 million funding from investors, aims to be profitable in…

Hindustan Times  

Social media unicorn ShareChat raised $48.89 million in a round led by Tencent and Lightspeed. In the last funding round, Sharechat was valued at almost $5 billion while its peers in the social media space- X and Snap- witnessed large drops in valuation. ShareChat Sharechat's troubles in the past one year In December 2023, Sharechat fired 200 employees- almost 15 …

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