The post-pandemic world saw a sudden rise of ed-tech companies, a record amount of fund inflow, the creation of new unicorns, companies going public, and a new benchmark in terms of mergers & acquisitions (M&A). 2021 saw a substantial increase in M&A from 86 such deals in 2020, we already stand at 119 this year.
Led by US-headquartered Fidelity. This takes the total valuation of the company to $3 billion. Singapore's sovereign wealth fund GIC, Abu Dhabi's Chimera, and UK's Baillie Gifford also participated in the company’s latest round of funding, ahead of their IPO (Initial Public Offering) this year.
The company’s board has passed a special resolution, according to which the trio (Nithin, Nikhil, Seema) will draw a basic salary of 4.17 crore per month, coupled with allowances the annual figure for is expected to cross 300 cr EACH!
From prevention to advanced medical care: Switzerland Tourism has launched a health tourism campaign with the aim of positioning Switzerland in health tourism amongst the top five premium destinations worldwide. The focus of communications was on medical expertise and the quality of the infrastructure – in combination with its location in a pristine natural setting and a relaxing environment.
IFL and Mirae Assets are other new investors who have come on board for the latest round of funding along with existing investors Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator. Koo Co-Founder Aparmeya RadhaKrishna said that the funds will be utilized to aggressively grow Koo into one of the largest social media platforms in the world.
His upcoming model of Tesla, the Roadster will have the ability to fly but very briefly due to the use of Space X tech technology that Musk is bringing to Tesla. The Tesla Roadster will have a mind-boggling acceleration of 95.6 KM/s in 1.1 sec.
The company said it plans to infuse the freshly raised capital to scale up its Business Banking suite, invest in new acquisitions, and launch in international markets such as South-East Asian countries. The fintech unicorn is already hiring more than 600 employees to fuel its growth plans.
The fintech segment in India has closed 47 deals so far amounting to a total of 608.1 million $. Followed by Ed-tech with 28 deals amounting to $560.5 mn. Gaming has been one of the favorites of investors this season with $544 mn of funding in the sector. Top 3Indian VCs (Venture Capital Funds) who have led major rounding of these fundings have been Inflection Point Ventures, Titan capital, Venture Catalysts with 10, 9, 7 deals respectively.
ExtraaEdge, a Pune-based martech startup focused on the education sector has raised $1 million in a pre Series-A round from Pentathlon Ventures.
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