Battery storage, smart grid and efficiency companies raised over $536 million through venture capital in 2019
Log 9 Materials, a developer of aluminum fuel cell technology – raised $3.5 million from Exfinity Venture Partners and Sequoia Capital India while, LivGuard Energy Technologies - an automotive products to batteries company - raised $32 million from ChrysCapital and Ncubate.
Sequoia’s startup bet intact, to raise record $1.3 billion for new India fund
Sequoia will also, for the first time, split the corpus into tw...
Mastercard’s swipe makes Pine Labs 1st unicorn in 2020
Pine Labs will work with Mastercard to deliver a range of card and real-time payments.
Mastercard swipes right on Pine Labs
Pine Labs reported total revenue of Rs 503.2 crore in FY19, up from Rs 336.1 crore in the previous fiscal. Losses widened to Rs 13.7 crore in the 12 months ended March 2019 from Rs 2.5 crore in the previous financial year, according to paper.vc.
Two traits that Rajan Anandan looks for while investing in start-ups
Rajan Anandan, MD of Sequoia Capital, shares his take on unicorns in India and the important things he looks out for.
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Verlinvest on board as anchor investor in Spring Capital
Verlinvest, which has largely made direct investments in India and counts companies such as Byju’s, Veeba, Epigamia and Future Retail among its portfolio, has also backed certain funds, including those operated by Everstone Capital and DSG Consumer Partners..
EpiFi scores $13 million in its seed round
Funding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
GoMechanic raises Rs 105 crore in latest round of funding
The investment will be used to support expansion into 10 more cities by the end of 2020 in its EV thrust, brand promotion and in streamlining spare parts procurement, a statement said.
HomeLane scoops up $30 million in its Series D funding
The development comes at a time when Jungle Ventures, TPG Growth and IKEA-backed Livspace, which competes with HomeLane, was also reported to be in talks to raise $100 million in fresh financing, at a valuation of over $500 million.
Guess how much Sequoia executives made from Oyo
The windfall for the fund executives comes on the back of RA Hospitality, a special purpose vehicle domiciled in the Cayman Islands, recently buying Oyo shares worth $1.3 billion from these two venture firms on behalf of Agarwal.
Suits & Sayings: Whispers and murmurs in corporate corridors & policy parlours
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours
Pristyn Care raises $12 million Series B funding from Sequoia & others
The company plans to use the fresh financing to expand its healthcare operations and improve technology capabilities.
Seekify raises $1.5 million seed funding led by Sequoia's Surge
Seekify plans to use the funds to build technology and hire talent across different functions.
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