From TechCrunch
By Manish Singh
December 20, 2023
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to as low as below $1.5 billion, according to two sources familiar with the matter. Existing backers including Temasek and Tencent are among the investors in advanced stages of talks to invest in the new […]
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Invesco cuts Swiggy valuation by half to $5.5 billion
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round […]
May 8, 2023
Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B
Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was raising “several hundred million dollars” at a $5.5 billion valuation. Ramp last raised in March […]
Aug 22, 2023
PharmEasy, once valued at over $5 billion, seeks new funding at a 90% valuation cut
Indian online pharmacy startup PharmEasy has informed its existing investors that it plans to raise about $300 million shortly in a new round of funding at a 90% markdown from the previous valuation, two people familiar with the matter said, at a time when some of its backers are pushing for the startup to explore […]
Jul 5, 2023
Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor note
Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One. The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed by TechCrunch. The Bengaluru-headquartered startup — which counts Ontario Teachers’ Pension Plan, CPP Investments, Goldman Sachs, Google, Sofina and Peak X
Aug 30, 2024