Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said. New investors in the round include U.S. hedge fund Lone Pine Capital, Chinese investment firm CITIC Capital…
Personal finance management startup Fisdom has raised its second round of institutional funding of Rs 25 crore led by Quona Capital. Venture capital fund Saama Capital, which led the first round of Rs 7 crore last October, also participated in this round. Fisdom is a platform that allows users to make financial and investment decisions…
Paytm, India’s largest online payments and mobile wallet company, will invest another Rs 5,000 crore in the business over the next three years, founder Vijay Shekhar Sharma said, while playing down competition from deep-pocketed global giants including Google. “The biggest threat for us will be us, not anybody else,” Sharma said in an interview. But…
The country’s second-largest private lender, is ramping up its focus on startups and has launched a fund to help them access capital as it seeks to expand its footprint in the growing space. Sources told TOI that the fund has been started with an initial corpus of $25-30 million but approvals are in place to…
It may not be a stretch to suggest that we are now into the second wave of the startup phenomenon. The segment has shown consistent high growth in terms of numbers aggregating 5,000 and counting. In the last couple of years, the B2B segment particularly has shown healthy growth. This year, having garnered almost…
City-based FixNix is the only Indian company to feature in RegTech 100, a list of world’s most innovative companies that every financial institution needs to know about in 2018. The 100 companies were chosen by a panel of industry experts who reviewed an analysis of 416 RegTech companies that was undertaken by data and research…
The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business. The government is working with the World Bank to recognise over 200 reforms that will help propel India into the top-50 bracket in ease of doing business, according…
When India’s venture capitalists ring in the holiday season this year, their mood will be more upbeat than it has been for the past couple of years. In the nine months ended September, venture capital-backed firms, a universe that encompasses seed stage start-ups, unicorns (start-ups valued at a billion dollars or more) and everything in…
British cybersecurity firm Digital Shadows has raised $26 million (£19 million) for its platform that searches the darkest corners of the internet looking for the chatter associated with threats against specific organisations. The Series C funding round was led by venture capital firm Octopus Ventures, with participation from Passion Capital, Industry Ventures, and several others.…
Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan’s stock exchange before the announcement. The move, first rumored earlier this month and then re-emerged this week , is the search giant’s latest attempt to juice…