Freshworks Valued At USD 3.5 Bn After Latest Funding From Sequoia, Accel
Chennai-based software-as-a-service (SaaS) unicorn Freshworks has announced that it has signed an agreement for a USD 150 Mn Series H round led by Sequoia Capital, CapitalG, and the company’s first investor Accel. With this investment, the company’s valuation has reached USD 3.5 Bn, according to a press statement on November 13.
RB Investments, India Quotient Lead USD 3.5 Mn Funding In Beverage Startup Coolberg
Mumbai-headquartered beverage startup Coolberg announced that it has raised USD 3.5 Mn in its Series A funding round. The round has been led by Singapore-based RB Investments and existing investor India Quotient. Other investors include Ashish Goenka, chairman of Suashish Diamonds and a pool of investors from Indian Angel Network (IAN).
BigBasket Looking To Buy Micro-Delivery Startup DailyNinja
After it became evident that consolidation of the milk delivery segment will work better due to its complexities, a media report stated that the small companies are eyeing mergers with bigger companies to sustain themselves. The report also stated that the grocery delivery company BigBasket is in “advanced” talks to acquire micro-delivery platform DailyNinja for USD 100 Mn.
Online stock-broking platform Zerodha has emerged as a significant investor in early-stage ventures, backing startups across investments, digital identification and others. Through its Rainmatter initiative, the bootstrapped, yet the profitable company has already invested in a batch of 14 startups in the fintech space.