Mindtickle is 20th unicorn of 2021🦄
Startup founders write to PM, Future looks bleak for Ambani and even more.
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Mindtickle is 3rd unicorn in 7 days🦄
Mindtickle, a SaaS startup, has raised an additional $100 mn in a Series E funding round. The company is now valued at $1.2 billion, making it the 20th Indian startup unicorn of 2021.
Last November, Mindtickle was valued at $500 million.
It's raining unicorns! In the last seven days, three Indian firms have joined the exclusive billion-dollar club.
4 of the 20 Indian firms that have become unicorns this year have done so thanks to investment rounds headed by SoftBank.
The funding momentum in the Indian startup ecosystem has surpassed all expectations.
Startup founders, VCs write to PM on direct overseas listing🌎
Allowing Indian companies to list directly on foreign exchanges would be the “single most significant, big-bang reform” that would place them on the global map, according to the leaders of 22 startups and venture capital firms in a letter to PM Modi.
The letter said that startups need access to international capital to be globally competitive. It said the total market capitalization of all companies listed in India is about $3 trillion, while the number for the US is $50 trillion.
The news comes at a time when a half-dozen Indian firms have filed preliminary prospectuses to go public.
Hot Shorts ⚡
Toothsi, a tech-enabled dental care platform, has raised $20 Mn in a Series B funding round, which it will use to improve its 3D-printed clear aligner technology and expand geographically.
Bernard Arnault, Chairman of Louis Vuitton Moet Hennessy (LVMH), has surpassed Amazon founder Jeff Bezos to become the world's richest person. According to the Forbes Real-Time Billionaires List, the French businessman's net worth is estimated to be $198.9 billion.
Amazon scores big win in the battle against Reliance-Future deal🏆
The Supreme Court of India has given Amazon.com Inc. a significant victory in a lawsuit in which the US-based e-commerce firm sought to halt a $3.4 billion Reliance-Future agreement.
The outcome of the battle could transform India's pandemic-hit retail industry and determine whether Amazon can challenge Reliance's domination of the country's nearly trillion-dollar retail market.
Tweet of the day🐥
✅ Zomato registered a digital payments subsidiary, showing plans for diversification beyond core food delivery. Good use of that IPO cash!💸
✅ Twitter couldn’t keep stories(fleets) for 2 weeks, but that ain’t stopping TikTok, which is running pilots in some non-US markets.🕊
One day your life will flash before your eyes. Make sure it’s worth watching.
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