1947 Tech 🇮🇳: 143
Innovaccer & Infra.Market turn Unicorns, Tiger Global is going big in India and more!
1. India’s new social media rules seen echoing globally
India will play a massive role in defining the future of the internet. Out of the remaining 3 billion internet users, 1/3rd would come from India.
India is among the top three internet markets with close to 700 million users and its digital policy making is being followed closely. If companies accede to government diktats in India, they can’t refuse to do elsewhere, according to internet and legal experts. India’s ban of Chinese short video app TikTok had been cited in the US executive order seeking a similar halt on the Bytedance-owned company. In the past, India’s demand for traceability had also found resonance in countries such the US, the UK and Australia.
2. YourStory’s 2020 Annual Funding Report: State of the Indian Startup Ecosystem
An in-depth view of the state of the Indian startup ecosystem in Jan-Dec 2020, comparison of trends with the 2015–2020 period, and outlook 2021.
Worth your attention:
Jio Platforms set to invest $200 million in Kalaari Capital Link
Fintech players get $2.7 billion from VC funds in 2020: Report Link
Nexus Venture Partners set to raise over $500 Mn new corpus Link
Innovaccer turns unicorn with new funding from Tiger Global Link
Infra.Market turns unicorn, raises $100 mn in Series C round led by Tiger Global Link
Exclusive: Groww in talks to raise money from Tiger Global; inches closer to unicorn status Link
ShareChat dials up China’s Tencent to raise $200 million in funding Link
Pristyn Care may bag $80–100 million in funding led by Tiger Global Link
Scoop: Razorpay looks at $2 billion valuation in new funding round Link
Pravin Jadhav’s startup Raise Financial raises fund from Mirae, unicorn founders Link