Khatabook Bags $60 Mn From B Capital To Enhance Product Lineup For MSMEs
Khatabook is backed by Sequoia Capital, Jitendra Gupta, Kunal Bahl and Kunal Shah
The company is reportedly valued at $300 Mn in this funding round. The focus will be on working with MSMEs to boost their income, said CEO Ravish Naresh
Cyberbit raises $70M from Charlesbank Capital Partners
Along with the global expansion, Cyberbit will also use the funding to accelerate sales and marketing in India, increase reach in the financial and enterprise sectors, and to penetrate the higher education sector.
Startup Illumnus Education raises seed funding
Illumnus has raised $100,000 (approximately Rs 75.61 lakh at current exchange rates) in seed funding. The company has raised this capital from a clutch of high net-worth individuals and angel investors from Dubai
Health and wellness platform Stepathlon raises funding from angel investors
Health and wellness platform Stepathlon Lifestyle Pvt. Ltd has raised funding from nine investors across several countries including India, the United States, Australia, the United Kingdom and Canada
AI-based climate-focused startup Blue Sky pockets a cheque
Xacmaz Technology Pvt. Ltd, which operates climate action-focused data startup Blue Sky Analytics, has received $360,000 (about Rs 2.72 crore at current exchange rates) from a couple of philanthropic organisations.
SoftBank Vision Fund Records $18 Bn Loss As Covid-19 Hits Ola, OYO & Other Portfolio Companies
Uber and WeWork added $5.2 Bn and $4.6 Bn, respectively, to Vision Fund losses
OYO said it saw up to 60% drop in revenue for the past two months
Paytm and Ola were hoping for profitability in the short-term but have had to brace for losses