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.  

 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 ...