1947 Tech 🇮🇳: 173
1. CarDekho drives into unicorn club after $250 mn fundraise
Girnar Software Pvt. Ltd, which runs CarDekho, an online portal for new and used cars, has raised $250 million as a part of its latest Series E fundraising at a valuation of about $1.2 billion, making it the newest entrant to India’s growing list of unicorns, two people aware of the matter said on Tuesday.
The funding round was led by private investment firm LeapFrog Investments, with participation from South Korea’s Mirae Asset Group and existing investors, the people said, requesting anonymity.
2. ‘Freshworks is potentially the top Indian investment for Accel, Tiger’
Freshworks Inc. created history last month by becoming the first software-as-a-service (SaaS) startup from India to list on Nasdaq, making it one of the proudest moments for the Indian startup ecosystem. The company raised more than $1 billion through its public offering, giving it a more than four-fold rise in its valuation at a little more than $13 billion (about ₹97,790 crore).
For Accel and Tiger Global, we have possibly clocked the largest value of returns, bigger than Flipkart as well. For them, we are the top investment in India (by returns). Our investors are supremely happy, CEO.
‘Freshworks is potentially the top Indian investment for Accel, Tiger’
A tweet:
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