Now is the time to be *extra* careful with Covid safety. More so than March (remember those days?)
If you're not convinced, consider what's happening in Pune: /1
@entrackr is doing some brilliant work around startup news. Honest, unbiased and factual reporting. Haven't seen a lot of guys go through MCA filings to report facts accurately.
More power to you @jaivardhan88 and the whole team at @entrackr.
I never spoke to Rep. Yoho before he decided to accost me on the steps of the nation’s Capitol yesterday.
Believe it or not, I usually get along fine w/ my GOP colleagues. We know how to check our legislative sparring at the committee door.
But hey, “b*tches” get stuff done. 🤷🏽♀️
@jaivardhan88@entrackr@entrackr matters and the ecosystem recognises that. Huge respect for what you’ve built in such a short time. Sequoia says it best - It takes resilient founders to build enduring companies. The “share” “retweets” and “likes” will follow!
@jaivardhan88 always happy to see entrackr grow! cheers to the groundbreaking work entrackr has done so far, in the best possible work environment ever. to many more years of success and outreach! 🍻
.@entrackr weekend scoop: Hybrid used car retailer - Spinny joins league of CarDekho, Cars24 and Droom who raised significant round this year.
Spinny has raised $50 Mn Series B round from a US-based VC + Nandan Nilekani's Fundamentum. Accel + SAIF invested on pro-rata basis.
Today's break from @entrackr: Amidst conversation with SoftBank + Cipla, Medlife is raising 400 Cr convertible debt from co-founders' family Trust - Prasid Uno Family Trust.
This is the 2nd round in Medlife from trust in past 6 months. It put in Rs 118 Cr in April this year.
Super scoop from @entrackr: Udaan raises $300 Mn from Altimeter Capital, DST Global, GGV Capital, Footpath Ventures. Hillhouse also invested in the round.
This is the largest fundraise by any B2B firm ever in India. It's likely to raise another $200 Mn in ongoing Series D round
Swiggy officially launched pick and drop service Swiggy Go in Bengaluru today. Glad that @entrackr broke this 2 months ago: https://t.co/APSyeTwQii
Todat, Swiggy also announced Swiggy Stores in Bengaluru and Hyderabad. We also broke this story last month: https://t.co/HAqybFyXsY
Important story: Google is barring short term personal loan apps from Play Store. It will impact the business of several Chinese and local firms such as Cashbean, Gorupee, Moneed, Cashmama and Branch who have been charging up to 36% fee (interest + processing charges etc).
How had Curefit walked away from acquiring Book Your Game? According to plaint filed by BYG, Curefit made BYG dump acquisition offer from Medfit on pretext of better outcome. CF offered term sheet; BYG joined them officially. After 2.5 months of engagement, CF turned down deal
Paytm just announced through a blog that Paytm Postpaid is live and in use https://t.co/506SG14vvd. If that's the case - Why Paytm Care said to multiple users via tweets - Paytm Postpaid has been suspended forever? Refer to screenshots in our story.
Every now and then companies, 2-3-year-old startups started announcing $1 Bn valuations and Entrackr had to take off the glorifying lenses and look into the company’s last reported financials to assess the relevance of these valuations
#startup#Unicorn
https://t.co/k0hLuQt4s9
Today’s @entrackr break: @urbanclap has been valued about $933 Mn post Series E round led by Tiger. It’s 94% jump from its valuation - $480 Mn- 8 months ago. UC is an underdog that left many B2C cos behind in reaching near $1 Bn valuation.
Today's break from @entrackr Unacademy is valued $200 Mn in its $55 Mn Series D round. This is about 2X jump in valuation from series C round when it was valued at around $103 Mn.
Unacademy has become 2nd most valued edech startup after BYJU's. BYJU's valuation crossed $5 bn.