📰 Startup Digest (July 9)
News and updates from India's startup space and beyond.
🚖 Ola’s pre-IPO funding round. Ahead of the startup’s initial public offering, its parent company ANI Technologies Pvt. is looking to raise $500 million from Temasek and Plum Wood Investment Ltd.
The Competition Commission of India (CCI) is, however, yet to give a go-ahead to the latest funding round.
According to Ola, the capital will give the cab aggregator the financial resources to remain a significant and competitive player in the sector.
🙋🏽♂️ CoinSwitch appoints a CFO. Sarmad Nazki has been appointed as the chief financial officer of the Bengaluru-based cryptocurrency startup. The company’s platform allows its users – about 7.5 million now – to buy, sell and trade crypto coins.
In April, CoinSwitch Kuber raised $25 million from Tiger Global and plans to add 150 new staff members over the next six months.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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