South Australian AI-driven agtech startup, Cropify, has successfully raised $2 million in a new funding round, with key investments from Australian venture capital firm Mandalay Venture Partners and Singapore-based Hatcher+. The two investors contributed a combined total of $850,000, marking their first joint venture under a newly announced partnership. Mandalay and Hatcher+ have aligned their...
Category: News
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PruVen Capital secures $378.5M for fintech and insurtech startups with expanded investor network
Ramneek Gupta, a seasoned venture capitalist previously affiliated with Battery Ventures and Citi Ventures, has successfully secured $378.5 million for PruVen Capital’s second fund. PruVen Capital is a venture fund focused on fintech and insurtech startups, and this latest funding round marks a significant expansion from its earlier $300 million fund. The new fund is...
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Telegram ceo pavel durov arrested in france amidst criminal investigation linked to platform’s misuse
The arrest of Telegram CEO Pavel Durov in France on Saturday sent shockwaves through the tech community. The 39-year-old Russian-born billionaire was detained shortly after landing at an airport near Paris on his private jet. With limited information available, the tech world is abuzz with speculation about what this unprecedented move could mean for free...
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Zomato shuts down intercity legends service amid operational challenges and strategic shifts
Zomato has decided to discontinue its Intercity Legends service, which allowed customers in metro cities to order iconic dishes from renowned eateries in smaller towns. The decision comes after two years of significant operational and financial difficulties, as the company struggled to make the service sustainable. Launched in 2022, Intercity Legends was designed to bridge...
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Swiggy valued at $11.5 billion as IPO nears, driven by strong growth and quick commerce expansion
Swiggy, the leading food delivery platform and Zomato’s main competitor, has been valued at $11.5 billion as of June 2024, according to 360 One WAM, formerly IIFL Wealth Management. This valuation comes as Swiggy continues to solidify its presence in the fast-evolving food delivery and quick commerce industries while preparing for its highly anticipated initial...
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Building strategic partnerships: A new approach to fundraising
Building strategic partnerships: A new approach to fundraising Josh emphasizes a fresh perspective on fundraising by likening it to team-building, rather than just a financial transaction. He suggests viewing the process as an opportunity to assemble distinct teams: employees, investors, and board members. This approach shifts the focus from simply raising capital to building a...