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Four Startups Enter Unicorn Club In First Four Months Of 2021

ShareChat stated it raised $502 million in recent funding from Tiger World.

4 startups become Unicorns, an organization with valuation of $1 billion or extra, within the first 4 months of 2021. Groww, Meesho, ShareChat and API Holdings grew to become Unicorns after newest spherical of funding valuing all of them above $1 billion or Rs 7,450 crore. India’s main social commerce platform, on Monday introduced that it raised $300 million in recent funding led by SoftBank Imaginative and prescient Fund 2 valuing Meesho at $2.1 billion.

Newly based inventory market funding platform Groww on Wednesday raised $83 million led by Tiger World at a valuation of $1 billion. Began in 2017, Groww has turn out to be one in all India’s fastest-growing funding platforms, with greater than 1.5 crore registered customers. Groww permits customers to put money into shares, mutual funds, ETFs, IPOs, and gold in a easy, paperless, and hassle-free method.

Founding father of on-line pharmacy agency PharmEasy – API Holding – entered the unicorn membership on Wednesday after it introduced elevating $350 million from Prosus Ventures and TPG Development valuing the startup at $1.5 billion. New funds will deepen market engagement to over 100Ok pharmacies and over 20 million sufferers yearly throughout the corporate’s platforms, API Holdings stated in a press launch.

Content material-sharing platform ShareChat stated it raised $502 million in recent funding from Tiger World, Snap Inc and a few present traders corresponding to Twitter Inc, valuing it at greater than $2 billion.

The funding was led by US enterprise capital agency Lightspeed Enterprise Companions and American funding agency Tiger, ShareChat stated in an announcement on Thursday.

Tiger World and Snap, proprietor of widespread photo-messaging app Snapchat, are new traders within the Indian platform.

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