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1947 Tech 🇮🇳: 191
Husband and wife built their own unicorns within a year
1. How an Indian husband and wife built their own unicorns within a year
An Indian couple became the country’s first husband and wife to build their respective startups into enterprises with at least $1 billion valuation, also known as unicorns.
Oxyzo Financial Services, a digital lending startup co-founded by Ruchi Kalra, said Wednesday it hit the milestone with its maiden fundraising round of $200 million led by Alpha Wave Global, Tiger Global Management, Norwest Venture Partners and others. Less than a year earlier, her husband Asish Mohapatra’s OfBusiness reached the same valuation after backing from SoftBank Group Corp. and others.
2. Led by Coinbase, global crypto firms set to launch or expand in India in 2022
Global cryptocurrency players are set to launch or expand operations in India this year.
Nasdaq-listed Coinbase, one of the largest cryptocurrency exchanges in the world, is hiring for multiple senior roles, including in business and policy.
FTX, a US-based cryptocurrency derivatives exchange, is looking to expand its user base in India.
Other global players are also eyeing the Indian market despite a lack of clarity over rules for the nascent industry.
Worth your attention
OfBusiness financial services arm Oxyzo turns unicorn with maiden external funding Link
CommerceIQ turns unicorn in $115 mn funding round led by SoftBank Vision Fund Link
Inflection Point Ventures launches $50 million fund Link
D2C brand Plum raises $35 Mn Series C; revenue crosses Rs 90 Cr in FY21 Link
Leverage Edu raises $22 million funding, plans to expand in India and overseas Link
UAE’s Cypher Capital to invest 40% of new $100-million crypto fund in India Link
Zomato set to scale 10-minute delivery service in top cities Link
Indian startups disrupting the world, says Niti Aayog CEO Link