The valuation of Oyo, once India’s second-most valuable startup at $ 10 billion, has dipped to $ 2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $ 173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that […]
CloudPay, a payroll services provider, lands $120M in new funding
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling […]
India’s Rapido becomes unicorn with fresh $120 million funding
Bike-taxi startup Rapido has become the latest Indian startup to become a unicorn, or reach $ 1 billion in valuation. The eight-year-old firm has raised $ 120 million in a new funding round led by WestBridge Capital, according to a regulatory filing. The new capital, a Series E infusion, underscores Rapido’s growing prominence in India’s […]
With $6M in seed funding, Enso plans to bring AI agents to SMBs
Running a small business means doing more with less. AI agents can help, but building custom agents for specific workflows remains challenging, even with today’s low-code/no-code tools. The idea behind Enso — which is came out of stealth by announcing a $ 6 million seed funding round Tuesday — is to give small and medium-sized […]
Defense tech and ‘resilience’ get global funding sources: Here are some top funders
We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s Oct. 7 attack on Israel. With global military expenditure reaching $ 2.4 trillion last year, startups are hoping to get a share of the pie, and formerly reluctant investors are keen to help them do so. The U.S. […]