Hellow guys, Welcome to my website, and you are watching Indian Startup News Ep 76: PlaySimple $360 Million Exit | Zomato IPO | Ather Energy vs Ola Electric. and this vIdeo is uploaded by Backstage with Millionaires at 2021-07-09T21:37:35-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Indian Startup News Ep 76: PlaySimple $360 Million Exit | Zomato IPO | Ather Energy vs Ola Electric |
| Video Uploader | Video From Backstage with Millionaires |
| Upload Date | This Video Uploaded At 10-07-2021 04:37:35 |
| Video Discription | Jungle Ventures YouTube Channel Subscription Link: https://www.youtube.com/channel/UCWcYxttFXVf7FgaoIa5BCxw?sub_confirmation=1 Jungle Ventures Interview with Rahul Garg: https://youtu.be/-a_e29_nbU8 This episode of Backstage with Millionaires is sponsored by Jungle Ventures, which is not just one of the leading VCs in India but they also have a lot of experience investing in the Southeast Asian market. One of their portfolio startup – Moglix recently turned unicorn. They post a lot of insightful videos about startups on their YouTube channel and they even posted a short interview with their founder Rahul Garg. If you are interested in learning about building a successful startup, do check them out and consider subscribing to their YouTube channel as they post new videos every week. This week in Indian Startup News, Zomato IPO date and Paytm IPO update, CCI could probe Zomato and Swiggy for anti-competitive behaviour, Ather Energy’s plans to compete with Ola Electric, Flipkart’s foray into social commerce, MPL to enter the US market and PlaySimple gets acquired for a whopping $360 million. In funding news, Pine Labs closes $600 million round, Digit Insurance raises $200 million, Licious raises $192 million and Furlenco raises $140 million. 00:00 Intro 00:38 Zomato IPO date and Paytm IPO update 02:38 CCI could probe Zomato and Swiggy for Anti-Competitive behaviour 03:40 Shoutout to our sponsor - Jungle Ventures 05:24 Ather Energy’s plans to compete with Ola Electric 07:32 Flipkart’s foray into social commerce 08:20 MPL to enter the US market 08:42 PlaySimple gets acquired for a whopping $360 million 10:10 Pine Labs closes $600 million round 10:34 Digit Insurance raises $200 million 11:00 Licious raises $192 million 11:24 Furlenco raises $140 million Zomato IPO date and Paytm IPO update: Zomato’s IPO is all set to launch on July 14th – offering shares worth Rs 9,375 crore ($1.25 billion) for sale – valuing the food delivery giant at around $9 billion. However, since Zomato is a loss-making company – retail investors will only have access to 10% of these shares. Also, Paytm is expected to file for IPO later this month and they have already started preparing by removing 11 of their Chinese board members. CCI could probe Zomato and Swiggy for Anti-Competitive behaviour: National Restaurants Association of India (NRAI) has asked the Competition Commission of India (CCI) to probe Zomato and Swiggy for anti-competitive behaviour – accusing them of deep discounting and data masking. Ather Energy’s plans to compete with Ola Electric: While Ola Electric is busy doubling down on their electric scooter manufacturing facility, their competitor Ather Energy is also ramping up the capacity of their manufacturing facility from 110,000 to 500,000 units by the end of 2022. They have already set aside $87 million for their factory and are also expanding their charging network from 140 to 500 by the end of this year. Flipkart’s foray into social commerce: E-commerce behemoth Flipkart has launched its own social e-commerce platform Shopsy to empower 25 million entrepreneurs by enabling them to set up their own businesses by 2023. MPL to enter the US market: After a successful run in India and foray in Indonesia, Mobile Premier League (MPL) is now expanding into the US to replicate their success through their paid games and competitions. PlaySimple gets acquired for a whopping $360 million: Swedish gaming firm Modern Times Group (MTG) has acquired Indian mobile gaming startup PlaySimple in a deal worth a whopping $360 million – making it one of the biggest exits in the Indian startup ecosystem. Pine Labs closes $600 million round: Digital payments and commerce platform Pine Labs has raised $600 million in a round led by Fidelity and BlackRock as they look to IPO in the next 18 months. Digit Insurance raises $200 million: Insurtech startup Digit Insurance has raised $200 million in a round led by Sequoia Capital India and IIFL Alternate Asset Managers at a valuation of $3.5 billion. Licious raises $192 million: Fresh meat and seafood delivery startup Licious has raised $192 million in a round led by Temasek and Multiples Private Equity. Furlenco raises $140 million: Online furniture rental startup Furlenco has raised $140 million in a round led by Zinnia Global Fund. Give us a like and subscribe to Backstage with Millionaires if you liked our video. Let us know what you think about this video in the comments below. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep #zomato #zomatoipo #startupnews |
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