TechNetiZs

Reddit has announced about $250 million funding earlier this month about which you can read here . It was their series E round of funding. Now, they have added another $116 million to this financing event which made the total $367 million.  Reddit is aiming to raise up to $500 million in this capital raise. A Reddit spokesperson has confirmed this news and said this new capital is from New and Existing investors. They didn't say any particular names of investors. Reddit was in the spotlight for the past few months most recently, its role in the election and the rise in Gamestop's stock due to subreddit r/WallStreetBets .  Reddit raises $250 million.  

Indian food delivery startup, Zomato, had raised another $250 million. The last series J funding round was 2 months before with the closing of $660 million.  There are multiple investors this time some of them are Kora($115 million), Fidelity($55 million), Tiger Global($50 million), Bow Wave($20 million) and Dragoneer($10 million). ZOmato is 12-year old now and has its headquarter in Gurgaon. After this new investment, Zomato's total valuation is about $5.4 billion which was $3.9 billion in December last year. Zomato has acquired the Indian Food Delivery Business of Uber last year. The major competitor of Zomato at present is Swiggy(whose value is about $3.6 billion). Amazon has also started its food delivery service but only in some parts of Bangalore. Zomato co-founder and CEO, Deepinder Goyal said, December 2020 is expected to be the highest ever GMV month in our history. We are now clocking ~25% higher GMV than our previous peaks in February 2020. I am supremely excited about w...

 India is going to have another fintech Unicorn very soon.  A  unicorn  is a S tartup  company with a value of over $1 billion.  BharatPe is a New Delhi based financial services startup. BharatPe said on Thursday that it has raised $108 million in a financing round. After this, it had valued at $900 million, $100 million more required in becoming another Unicorn. It was the company's series D round and was led by Coatue management. Some existing institutional investors, Ribbit Capital, Insight Partners,  Steadview Capital, Beenext, Amplo and Sequoia Capital were also there. It  brings BharatPe’s total to-date raise to $233 million in equity and $35 million in debt. BharatPe also  returned $17.17 million to its angel investors and employees with stock option. BharatPe helps offline merchants and traders to accept digital payments. India has also emerged as the second-largest online market with more than 600 million users.  There are ...

 Reddit has raised $250 Million in a new funding round. This is the series E round of financing for Reddit. Reddit Reddit has become more popular and gained more public attention after the GameStop stock incident. The subreddit r/WallStreetBets played a big role in the rise of the value of GameStop stock.  Reddit has completed 16 years and it has raised around $800 million to date. Reddit has raised $300 million in February 2019 in series D round from Tencent. Reddit has said that this financing is from existing and new investors.  Reddit has posted announcement through a blog post which you can read here . They have also given insights about the future plan as they have said, We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer  products, and expanding into international markets. Reddit Super Bowl Ad Reddit also ran a 5-second Super Bowl ad consisting of a single static image that looked like a ...