Tiger Global: News
OpenAI-backed 1X acquires rival to advance humanoid robot development
In a major consolidation in the humanoid robotics space, 1X, an OpenAI-backed company, has successfully acquired Kind Humanoid.
After 18 months, Tiger Global resumes investments in Indian start-ups
Tiger Global, the once-prolific investor synonymous with mega-deals and rapid unicorn creation, is exhibiting renewed interest in the Indian start-up ecosystem.
$100M start-up shuts shop with $250K fire sale
LogiNext Solutions, a logistics software-as-a-service (SaaS) start-up based in Mumbai and New Jersey, has undergone a dramatic shift in its operations.
Ola Electric IPO: This investor is set for 800% returns
Ola Electric, India's leading electric two-wheeler manufacturer, is gearing up for its much-anticipated Initial Public Offering (IPO) of over ₹6,100 crore.
Why India's alternative to X, Koo is shutting down
Indian social media platform, Koo, has declared its closure following unsuccessful acquisition discussions with internet media start-up Dailyhunt.
Walmart buys Tiger Global's stake in Flipkart for $1.4 billion
Walmart has acquired Tiger Global's $1.4 billion stake in Indian e-commerce firm Flipkart.
Tiger Global Management's investment in India falls by 70%
It's been a tough year for Indian start-ups. After a year that saw a breakneck pace of investing, funding has dried up this time.
#NewsBytesExplainer: Why are investors like Uber, Tiger Global quitting Zomato
Zomato has been going through a series of crests and troughs over the last few weeks.
Zomato raises Rs. 760 crore from Tiger Global: Details here
In a major step forward, Zomato has raised Rs. 760 crore ($102 million) in funding from US-based investment firm Tiger Global Management.
Ed-tech unicorn BYJU's secures $122 million from Russian billionaire's fund
Homegrown ed-tech unicorn BYJU's has raised $122 million (Rs. 909 crore) from DST Global, the investment fund started by Russian tech billionaire Yuri Milner.
Tea cafe chain Chaayos raises $21.5 million funding
Chaayos, a technology-led cafe chain which sells a variety of tea and snacks, has raised $21.5 million in a mix of equity and debt funding round led by Think Investment.
InterviewBit raises $20 million in a Series A funding round
Bengaluru-based ed-tech start-up InterviewBit has raised $20 million in a Series A round of funding led by Sequoia India and Tiger Global.
Digital payments giant PhonePe raises $82.5 million: Details here
PhonePe, a Flipkart-owned company that offers a payment platform to transfer money instantly, has raised $82.5 million in funding.
Logistics start-up BlackBuck raises Rs. 56 crore from Trifecta
BlackBuck, a Bengaluru-based logistics start-up, has raised Rs. 56 crore (approximately $7.83 million) in debt and equity round from venture debt firm, Trifecta Capital.
Deliveries for India-made Ather electric-scooter to begin from September 11
Months after launching its Ather 450 and Ather 340 electric scooters in India, Ather Energy has now announced the delivery dates of the former.
Walmart completes acquisition of Flipkart, pumps in $2bn
On Saturday, Walmart announced that it had completed its $16bn acquisition deal with Flipkart.
Indian company launches electric scooters- Ather 340 and Ather 450
Homegrown start-up Ather Energy has finally launched its electric scooters in India - the Ather 340 and Ather 450.
Spotify goes public, valued at $26.6 billion
In a unique IPO approach, Spotify is going the direct listing route instead of traditionally selling its shares on the stock market.
JioMusic integrates with Saavn, combined entity worth a billion dollar
In an unexpected move, Reliance has announced that it will integrate its music-streaming service, JioMusic with Saavn.
NestAway eyes fresh funding, public listing after profitability
Bengaluru-based rental start-up NestAway, which caters to tenants, mainly from the 22-30 age-category, is now planning to raise around $40 million funding.
Hike to add payments mechanism with UPI integration
Sources confirmed that Hike Messenger is all set to roll out a payment mechanism on the app which will be the first in India to be integrated with the government's UPI interface.
2016 Year in Review for Indian unicorns
The term "unicorn" was promoted by venture capitalist Aileen Lee to describe start-ups which were valued at over $1 billion.
Flipkart's internet arm sees losses double to touch Rs.2,306 crore
After scripting massive expenditures in an attempt to combat the rising rivalry from Amazon, Flipkart's internet division, Flipkart Marketplace saw its losses double to Rs.2,306 crore for the financial year that ended on 31 March, 2016.
Flipkart co-founder Sachin Bansal admits to company not meeting targets
Sachin Bansal, who earlier this year stepped down as CEO of Flipkart, admitted that the e-commerce portal had not been meeting its targets.