Home Tech Freshworks, Toppr bag funding this week, Know-how Information, ETtech-Autopresse.eu

Freshworks, Toppr bag funding this week, Know-how Information, ETtech-Autopresse.eu

Freshworks, Toppr bag funding this week, Know-how Information, ETtech-Autopresse.eu

Freshworks, Toppr bag funding this week, Know-how Information, ETtech

2020-07-31 14:05:47


Startups bagged giant rounds within the final 5 days in comparison with the earlier week. The important thing offers embody Freshworks, Toppr, Bulbul and Hevo.

Steadview Capital invested $85 million, via a secondary transaction, in SaaS main Freshworks, because it bulks up its India portfolio with yet one more unicorn, Ravi Mehta, managing director of the London-based agency, advised ET. The transaction, which closed in January this 12 months, noticed Steadview Capital make its ninth funding in an Indian privately-held expertise firm, which is valued at greater than $1 billion.

Why is it vital?

This comes at a time when traders, throughout phases and sectors, have largely slowed their exercise, as they await the economic system to get well from the Covid-19 pandemic and the nationwide-enforced lockdown. Learn extra.

Schooling expertise startup Toppr has raised Rs 350 crore ($46.8M) in a contemporary spherical of financing led by Gulf-based funding agency Basis Holdings. That is the most recent funding in an area that has seen traders pour in tons of of hundreds of thousands of {dollars} over the past seven months. Learn extra.

Why is it vital?

Over the previous couple of months, varied edtech platforms have raised funds whereas media experiences counsel that others are in talks. The sector has garnered loads of eyeballs because the pandemic led to an elevated demand for on-line schooling.

Graphic: Rahul Awasthi
Graphic: Rahul Awasthi

Different offers

Bulbul, a video-led commerce platform, has raised $8.7 million financing led by Naukri father or mother Information Edge. In a inventory market submitting, Information Edge mentioned it has invested about $6.33 million (about Rs 47.three crore) in Bulbul to choose up 17.82% stake on a totally transformed and diluted foundation. This funding has been made via the corporate’s just lately launched $100 million enterprise capital fund. Learn extra.

SaaS platform Hevo has raised $Eight million in its Collection A funding spherical led by Qualgro, a Singapore-based enterprise capital agency, together with former Stripe prime govt Lachy Groom, because it seems to be to broaden into new markets. Present traders Chiratae Ventures and Sequoia Capital India’s Surge additionally participated within the spherical. Hevo helps companies in integrating a number of sources of knowledge from features similar to gross sales, advertising and marketing, operations, and finance, enabling firms to observe their efficiency metrics and make selections in real-time. Learn extra.

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