1947 Tech 🇮🇳: 175

Tiger Global, PayTm IPO and more!

1. How Tiger Global and SoftBank powered Indian startups to turn unicorns

Tiger Global and SoftBank have emerged as unicorn makers of the season. Collectively, the two investment behemoths are the backers of 19 out of the 33 startups that have attained unicorn status in 2021 so far.

In terms of the number of deals, Tiger Global has invested in around 28 startups such as CRED, Vedantu, PharmEasy, BharatPe, Gupshup, ShareChat and others. Among them, 50% or 14 have turned unicorns whereas a couple of them are in the process of raising their new round at over $1 billion valuation — ‘soonicorns’ in startup parlance.

How Tiger Global and SoftBank powered Indian startups to turn unicorns

2. Paytm gets Sebi nod for ₹16,600 crore IPO

The stage is set for India’s biggest initial public offering (IPO), with the markets regulator approving the share sale by fintech giant One97 Communications Ltd, owner of the Paytm app.

The Securities and Exchange Board of India (Sebi) has cleared the Noida-based digital payments company’s ₹16,600 crore (roughly $2.2 billion) IPO, three people aware of the development confirmed.

Led by founder and chief executive Vijay Shekhar Sharma, the 11-year-old Paytm has expanded beyond digital payments into newer categories of lending, gaming, wealth management, financial services and digital commerce.

Paytm gets Sebi nod for ₹16,600 crore IPO

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Shiva Singh Sangwan @shivassangwan

3 waves of the internet 1 Building the internet 2 App economy and mobile revolution 3 Internet of everything: Partnerships w the policymakers and govt are a necessity Hear from the best @bradleytusk on how to navigate the 3rd wave Featuring @akshaybd 9: Bradley Tusk (Tusk Ventures) by 1947 RiseBradley Tusk is an American businessman, venture capitalist, political strategist, and writer. He is the founder and CEO of Tusk Ventures, the first venture capital fund focused on investing in early-stage startups in regulated industries SHOW NOTES Setting the context: Three waves of the internet…anchor.fm

October 27th 2021

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Worth your attention:

1. Groww raises $251 mn, triples valuation to $3 bn in 6 months Link

2. Stripe backs India’s Clear in $75 million funding Link

3. India’s OfBusiness in talks to raise new funds at over $4.5 billion valuation Link

4. Tiger and Falcon look to double down on Indian social commerce startup DealShare Link

5. Teachmint raises $78 Mn in Series B at a valuation of $500 Mn Link

6. DeHaat nets $115 mn in Series D funding Link

7. Exclusive: Livspace set to turn unicorn with a new round Link

8. Byju’s looks to raise $500 million debt Link

9. Indian edtech Teachmint valued at $500 million in $78 million funding Link

10. Jio to join Dunzo’s fund-raising party Link

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