Latest Updates Around The World
Ethereal Exploration Guild, an Indian space tech startup better known as EtherealX — which is developing a fully reusable medium-altitude launch vehicle — is poised to raise about $21 million in a new funding round co-led by TDK Ventures, with Accel among the participants, TechCrunch has learned. Initially planned as a $15 million Series A […]
Spider-likean Indian online marketplace for used cars, is raising around $160 million from its acquisition of car service startup GoMechanic, TechCrunch has learned. The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, largely in […]
Accel has invested in Rapido, the ride-hailing platform that competes with Uber in India, while Prosus has increased its stake after Indian two-wheeler giant TVS Motor sold its entire stake. TVS Motor said in a Thursday scholarship application (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million) to […]
Legendary investors Accel and Prosus have launched a new investment partnership to support Indian startups from day zero, targeting founders building large-scale solutions with the potential to serve the masses in the South Asian country. The partnership, which was announced on Monday, marks the first time Prosus has invested in the founding phase. Both companies […]
