Listed below are some of the major news of the startup sector, take a look to stay updated:
IndiQube raises over Rs 100 crore in WestBridge Capital-led funding
Workspace solutions provider IndiQube has raised USD 15 million (around Rs 100 crore) in funding led by WestBridge Capital. The series A round also saw participation by Ashish Gupta, co-founder of Helion Ventures.
IndiQube co-founder and Chairman Rishi Das said the company will use the funds to strengthen its execution capabilities and expand in cities like Pune and Hyderabad.
Chinese re-commerce giant AiHuiShou backs Cashify
Cashify, which runs an online platform to sell used gadgets has raised funds from Chinese re-commerce giant AiHuiShou who also joined the Gurugram-based startup as a strategic investor and partner for global expansion.
The quantum of the deal couldn’t be ascertained.
With the partnership, Cashify will look to leverage AiHuiShou’s technology to ramp up its operational efficiencies to further increase its footprint in global markets like Indonesia and the Center East by next year.
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Edtech startup Unacademy might raise funding
Bengaluru-based edtech startup Unacademy may soon raise $25-30 Mn in a Pre Series A funding round led by Sequoia Capital India and other investors.
According to a news report, the latest funding round may value the company at around $100 Mn. The report further added that the funding would be used to fuel its expansion into areas like K-12 and competitive exams like JEE.
ItzEazy, Quikr get into a strategic partnership to expand services
Documentation digitisation startup ItzEazy which makes government documentation easier for citizens has partnered with online classifieds platform Quikr to provide RTO (Regional Transport Office) & passport services to customers.
The offering will be made available under Quikr’s services platform QuikrEasy with the firm focussed on marketing while ItzEazy will complete the service delivery for the operation.
Today’s Take Away:
Entrepreneurship has a lot of hurdles and demands a lot from the leader. Jack Dorsey, co-founder and CEO of Twitter, and founder and CEO of Square says,
“Make every detail perfect and limit the number of details to perfect.”
