The report revealed that from January to August this year, the Indian startups have raised USD 7.5 billion through venture capital funding, which was USD 4.9 billion last year during the same period
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The funds raised through the QIP will support the company's growth plans
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The funds raised will be utilized towards scaling up the products, building AI, machine learning, and NLP capabilities, strengthening the security of the platform, and enhancing the capability for resolving disputes in open networks like the Account Aggregator, ONDC, and OCEN networks. Additionally, Webnyay will develop a go-to-market strategy
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This transaction takes the company’s total funding to $147M
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The state-run Kerala Startup Mission (KSUM) has provided over Rs 25 crore as innovation grant to a wide range of technology and product startups since 2017
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India's CARS24 said on Monday it had raised $400 million in a funding round that saw participation of asset manager Alpha Wave Global, valuing the used-car retailing platform at $3.3 billion.
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This funding round also had participation from as strategic angels like Mark Britto of Paypal, and Bobby Mehta of ex-Transunion fame
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The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore, according to a circular uploaded on the BSE website.
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