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$1 billion+ club round-up: Mindtickle became a unicorn, Policybazaar filed for an IPO, and more
An overview of what's happening in Indian's unicorn space.
Mindtickle became a unicorn
The tech startup that provides sales readiness technology has raised an additional $100 million in Series E led by SoftBank Vision Fund 2 at a valuation of $1.2 billion – making it a part of the unicorn club.
The company was founded in 2011 by Krishna Depura, Deepak Diwakar, and Nishant Mungali.
BharatPe became a unicorn and named a new CEO
The financial payments startup this week raised $370 million in its Series E round led by Tiger Global. With the new round, the company’s valuation increased to $2.85 billion.
The newly-minted unicorn has also appointed Suhail Sameer as its new CEO.
BigBasket’s co-founder exited the company
Abhinay Choudhari is now planning to enter the online laundry business. In his parting letter to the staff, Choudhari mentioned that he wishes to build another business from scratch.
Nykaa filed for an IPO
The e-commerce company has filed its draft red herring prospectus with the Securities and Exchange Board (SEBI) for an initial public offering (IPO).
Falguni Nayar, its founder, as well as her family, will continue to own a majority stake in the company post the IPO.
Policybazaar filed DRHP for IPO
The online insurance aggregator’s initial public offering (IPO) will comprise a fresh issue of Rs 3,750 crore and an offer for sale of Rs 2,267.5 crore.
Unacademy raised $440million in Series H funding
The six-year-old startup has raised $860 million to date and with the latest round, its valuation increased to $3.44 billion.
Amanat Khullar oversees content and editorial at ADIF.
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