Aye Finance claims to have disbursed over $77 million in loan to 40,000 MSMEs. It also boasts to have around $54 million in assets under management.
In the recent ICO, Drivezy’s investors were given a pre-token sale which entitles them a part of the company’s physical assets (in this case, vehicles). For the current round, company sold 3 million tokens pegged at 0.00141 ETH per token.
It’s not clear what the use case is. It’s not clear the what value proposition is. Long term value will be dictated by the utility of that asset
FE Online spoke to Bhaskar Majumdar, founder and managing partner of Unicorn India Ventures, an early stage equity and debt fund, to understand what investors look for in a startup and its founders, and what convinces them to open up their cheque books
Here’s another blow for the crypto-enthusiasts: A sizable number of banks are not allowing their customers to use their credit cards (or even debit cards) to buy cryptocurrencies.
Recently, Financial Times along with Statista ranked companies based on their three-year aggregated CAGR. Out of Asia’s top 1000 high growth companies, the list had a total of 271 Indian startups, including Zomato, Delhivery, Loginext, infibeam, Grabon, Chai Point among many others.
Bengaluru-based edtech startup, IMAX Program, has raised $13.5 million from Michael and Susan Dell Foundation. The company further plans to use the investment to expand its customer base in India.
Alibaba took 15 percent equity stake in Beijing Easyhome Furnishing for $867 million, and pumped another $486 million into Shiji Retail Information Technology — a big data firm focused on retail.
NVIDIA reported an EPS of $1.78 on revenue of $2.91 billion for the October-December, far surpassing analyst expectations of $1.17 per share on $2.69 billion revenue. The company reported a 34% on-year jump in its fiscal fourth quarter revenue, sending the shares soaring over 10% in after hours.
The use of transportation apps is on the rise. Whether one is a daily traveller or an escapist or even an occasional traveller, one just can’t resist the appeal of them.
The latest funding round also saw the participation of BigBasket’s existing investors. As per the documents filed, Alibaba contributed $145 million to this round with existing investors, Abraaj Group, Sands Capital and IFC adding the rest.
The deal, which is an amalgam of primary and secondary share transactions will see Alipay invest $150 million as primary capital. While the existing investor Info Edge will dilute its holding by 6.6 percent in the company.
Xiaomi’s investment in Indian social platform ShareChat, MyGate’s fundraising of $2.5 million, South Asian cab hailing giant Grab’s acquisition of Indian fintech startup, After Mastercard this startups raises from Tiger Global and YCombinator and SAIF Partners’ investment in Rivigo
Founded in 2016 by Vijay Arisetty, Abhishek Kumar, Shreyans Daga, and Vivaik Bhardwaj, myGate solves security and visitor issues with a smart app-based solution in gated premises. The business ensures security and safety of gated premises by deploying BIAA (Behavioral Intellect Augmented Authentication) that is best suited for hassle free connection with residents and their service personnel/s.