1947 Tech 🇮🇳: 123
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. India’s first unicorn InMobi to issue guidance on IPO in few quarters, says CEO
Sometimes one event is all it takes.
It sets the narrative. The narrative brings massive change in the mindset.
Mindset is everything
Massive news for the Indian tech ecosystem.
After Policybazaar, InMobi has also announced to go public soon.
2. Silver Lake leads $500 million investment round in Indian online learning giant Byju’s
Edtech, fintech, gaming, digitizing SMEs, this is India tech ecosystem in 2020.
One sector that stood out the most is Edtech. In fact, who knew India would produce the most valuable Etech company in the world.
Here were are.
Byju’s has raised $500 million in a new financing round that values the Indian online learning platform at $10.8 billion, a source familiar with the matter told TechCrunch.
The round was led by Menlo Park-headquartered PE firm Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated
Silver Lake didn’t stop here: PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore ($1.2B)
3. Early-stage deal activity picks up after Covid-19 crisis slowed investments
Early stage venture investments have picked up significantly since July, after a relatively slow period of deal-making in the previous quarter, multiple investors told ET. The pandemic is throwing up opportunities for new digital businesses, prompting more entrepreneurs to enter the fray.
Deal flow and the number of startup ideas a venture firm evaluates registered a 50%-plus uptick from the previous quarter, according to at least six funds ET spoke to, with some also attesting to an improvement in the quality of founders.
Worth your attention:
India bans PUBG Mobile, and over 100 other Chinese apps Link
India has key factors necessary to create top-tier edtech companies: Owl Ventures MD Link
These 4 homegrown VC firms have helped shape the Indian startup ecosystem into the powerhouse of today Link
Indian agri-tech sector can grow to $24.1 billion in five yearsLink
Robinhoods taking hold of Indian market too Link
WeWork India raises $100 million from WeWork Global Link
Tiger & Kora in $250M Zomato funding round Link
Livspace raises $90 million led by Kharis Capital and Venturi Partners Link
Gaming startup MPL to close $50 Mn Series B round led by SIG Link
Pagarbook set to raise $7 Mn from Sequoia Capital Link