Ola, has announced the expansion of its worker investment opportunities (ESOP) pool to Rs 3,000 crore. The company stated it is also allocating an additional Rs 400 crore worth of stocks to its representatives in the approach its IPO.
“This is aimed at long haul, meaningful wealth creation,” said the statement.
Bhavish Aggarwal, Ola’s Co-founder and CEO said,
“At Ola, we’re centered…
As Ola gears up for the launch of electric vehicles under Ola Electric, the company has steered the launch of another portion — Ola Cars, marking its entrance into the pre-owned vehicle retailing space.
While the company is officially yet to remark on this turn of events, the app already has numerous choices for purchasing various cars. It has also has restricted with financial partners for car…
Verse Innovation, the parent company of vernacular news aggregator Dailyhunt and producer of short video entertainment application Josh, has brought $450 million up in its Series I round drove by Siguler Guff, Baillie Gifford and Carlyle Asia Partners. Existing investors Sofina Group, Qatar Investment Authority and BCap likewise partook on a favorable to rata premise.
Dailyhunt had last brought…
Application based metabolic wellness stage Ultrahuman is in its last leg to bring $17-18 million up in another round, said three individuals mindful of the subtleties of the exchange. This would be the second funding round for an under two-year-old company since its inception.
“Alpha Wave Incubation (AWI) is leading the round with interest from Steadview and existing sponsor,” said one of the…
Travel booking application ixigo has recorded its draft distraction outline (DRHP) with India’s business sectors controller SEBI to raise Rs 1,600 crore through an initial public offering, joining a large group of Indian purchaser tech new companies that are lined up to open up to the world this year.
From the complete size of the IPO, the company is looking to raise Rs 750 crore through an…
Contentstack, a San Francisco CA-based supplier of a Content Experience Platform (CXP), raised $57.5M in Series B funding.
The round was driven by Insight Partners, with participation from existing financial backers Illuminate Ventures and GingerBread Capital and new financial backer Georgian.
The company plans to utilize the new capital to accelerate international development, expand its…
Bringg, a Chicago, IL-based conveyance and satisfaction cloud platform supplier, shut a $100m Series E funding round.
The round, which sets Bringg’s market valuation to $1 billion, was driven by Insight Partners with participation from Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth.
The company plans to utilize the assets to scale the platform…
Parcel Perform, a Singapore-based cloud-based conveyance experience platform for internet business organizations around the world, raised US$20M in Series A funding.
The round was driven by Cambridge Capital, with participation from new financial backer SoftBank Ventures Asia and existing financial backers Wavemaker Partners and Investible.
The company expects to utilize the assets to:
establish a…
Cryptocurrency trade CoinDCX said it has brought $90 million up in Series C funding at a valuation of $1.1 billion, making it the 22nd unicorn of 2021 in India in a year that is now a record-breaking year for startup funding in the country.
This likewise makes CoinDCX India’s first crypto unicorn.
The round was driven by previous Facebook prime supporter Eduardo Saverin’s B Capital Group and…
Beginning phase investment firm Stellaris Venture Partners said it has raised $225 million for its subsequent India-committed asset, amid what has effectively been a record-breaking year for startup funding in the country. With this asset, Stellaris Venture Partners presently has more than $300 million in resources under administration.
Prior to this, in 2017, Stellaris had shut its first asset at…
