Samreen Ahmad · · 1 min read🇮🇳 Roundup: Zomato, Temasek back fitness startup’s $145m round, and more
Startups in the country collectively raised at least US$145 million today in disclosed funding from international and local investors.
Here’s a snapshot of the fundraisings:
Here’s some important tech news in India today:
SoftBank has funded 10% of India’s unicorns
SoftBank has invested nearly US$14 billion in India in over a decade, said a report from The Economic Times, quoting the company’s founder and CEO Masayoshi Son.
According to Son, SoftBank is the largest foreign investor in the country. It has funded nearly 10% of all unicorns in India such as Swiggy, Cars24, Meesho, and Unacademy.
The CEO added that SoftBank’s portfolio companies have created nearly 1 million jobs in India.
Editing by Collin Furtado and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
