SoftBank offloads 2% in Paytm📉
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Tech Updates
SoftBank offloads 2% in Paytm, holding falls below 10%
Oyo launches premium resorts brand Palette
Wipro’s $1 billion AI play will be self-financed: CEO Thierry Delaporte
HCL Group planning $300 million semicon foray
After gaming company founders, investors to raise concerns with govt on GST
Shark Tank India Season 1 logs only 41% deal close rate
Temasek eyes up to $10 billion investment in India over three years
Funding Deals
Verification and fraud protection platform Bureau has raised an additional $4.5 million from GMO VenturePartners, GMO Payment Gateway, and existing investors to close its Series A funding round at $16.5 million.
Gurugram-based casual footwear brand Solethreads has raised $3.7 million in its Series A round from new and existing investors. Fireside Ventures led the round as a new investor while existing investors DSG Consumer Partners and Saama Capital.
Jimmy’s Cocktails, owned and operated by Radiohead Brands, has extended its pre-Series A round to $3 million. The round was led by Prath Ventures with participation from Paytm founder Vijay Shekhar Sharma, Neel Bahl, existing investors Keki Mistry, Vishesh Khurana, 7Square Ventures, Vidur Talwar and Anirudh Somani.
Tweet of the day🐥
“Decide what you want, decide what you are willing to exchange for it. Establish your priorities and go to work.”
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