Funding round articles
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LetsTransport bags $22 million in funding round led by Bertelsmann
LetsTransport, the truck aggregator startup, has raised $22 million in a funding round led by Bertelsmann India Investments.The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and achieve profitability. Significant investments will be made in products for both enterprises and truckers, as well as expanding geographically to different...
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Combating OTP frauds; Ather’s new funding round
Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.Also in the letter:■ WeWork to sell 27% stake in India unit■ Europe is a hotspot for Indian IT M&As■ Peak XV MD to leave VC fund Centre, SBI Card, telcos come together to tackle OTP frauds 109515406The government has teamed up with SBI Card, the credit card business of State Bank of India and telecom...
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Innovaccer’s new funding round; ONDC’s logistics push
Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Companies help employees amid the heatwave■ Former BharatPe COO launches venture fund■ Ecom Express posts spike in FY23 revenueKaiser Permanente may steer $250 million funding in SaaS unicorn Innovaccer 109767663Software-as-a-service (SaaS) startup Innovaccer is in the middle of raising a $200-250 million...