🇮🇳 Roundup: Ola co-founder launches new SaaS startup, and more (Updated)
Update (January 7, 8:20 pm): Adds news on Ola co-founder’s new SaaS startup.
Startups in India, including Dunzo, Avataar, Rupifi, and Zuddl, collectively raised at least US$323.35 million in disclosed funding today from international and local investors.
Here’s a snapshot of fundraising:
Here’s some important tech news from India today:
Goldman-backed Livspace to turn unicorn after US$200 million raise
Livspace is reportedly in advanced talks with private equity firm KKR & Co to raise US$200 million, potentially bumping its valuation to US$1.3 billion.
To date, Livspace has raised more than US$200 million from Ikea’s Ingka Ventures, TPG Growth, Goldman Sachs, and EDBI. It has decorated more than 200,000 rooms and plans to launch operations in Saudi Arabia early this year.
Last month, the Bengaluru-based firm acquired a majority stake in Qanvast, a home decor firm in Singapore.
Ola co-founder launches SaaS startup Amnic
Ola’s co-founder Ankit Bhati is reportedly set to launch Amnic, which will operate in the DevOps (software development and IT operations) toolchain space, along with former colleagues from the company, Satya Nagarajan and Nimish Joshi.
Sequoia Capital is likely to invest between US$15 million and US$20 million in Amnic as part of the company’s seed round.
Amnic will help businesses maintain a software development pipeline and make the process easier in the software as a service (SaaS) field.
Fintech unicorn BharatPe to raise US$150 million
Resilient Innovations, which operates the BharatPe payments service, is reportedly in talks to raise funding that could value the company at US$4 billion. It is currently in early discussions with several private equity and hedge funds.
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