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.

How an Indian husband and wife built their own unicorns within a year

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.

Led by Coinbase, global crypto firms set to launch or expand in India in 2022

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A podcast:

Shiva Singh Sangwan @shivassangwan

His experience in the US helped him connect the dots back in India. First at Bounce and later at this🔥co. (@JarAppHQ) Hear out Nishchay’s (@agNishchay) story! PS: Credit to @vivekanandahr for pulling Nishchay into the startup world. anchor.fm/1947-rise/epis…

anchor.fm16: Nishchay AG (Jar) by 1947 RiseNishchay AG is the Co-founder and CEO of Jar. A daily gold-savings app that saves spare change & auto-invests for you. Jar currently has 5M users and is backed by Tiger Global and others. SHOW NOTE: Nischay’s journey from growing up in India to moving to the US and then moving back to India (1:00)…

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Worth your attention

1. OfBusiness financial services arm Oxyzo turns unicorn with maiden external funding Link

2. CommerceIQ turns unicorn in $115 mn funding round led by SoftBank Vision Fund Link

3. Inflection Point Ventures launches $50 million fund Link

4. D2C brand Plum raises $35 Mn Series C; revenue crosses Rs 90 Cr in FY21 Link

5. Leverage Edu raises $22 million funding, plans to expand in India and overseas Link

6. UAE’s Cypher Capital to invest 40% of new $100-million crypto fund in India Link

7. Zomato set to scale 10-minute delivery service in top cities Link

8. Indian startups disrupting the world, says Niti Aayog CEO Link

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