E-commerce platform for pre-owned vehicles Cars24 raised $450 million. This included a $340-million Series F equity round along with $110 million in debt from diversified financial institutions
The Series F equity round was led by DST Global, Falcon Edge and Softbank Vision Fund 2 along with participation from a whole host of other investors. The company's valuation nearly doubled to $1.84 billion post this fundraise
To talk about the fundraise and the road ahead at Cars24, Startup Street spoke to its Co-Founder and Chief Operating Officer Mehul Agrawal.
While it has been glitzy in the startup world over the past year, with record numbers of unicorns and funding, it is important to also look at the challenges in starting up, and the fact that many startups fail.
Insurtech platform BimaPe is shutting down, Founder Rahul Mathur tweeted last week, wherein he cited the mistakes made, and added that the company is pivoting to another product called Verak Insurance. To talk about the learnings from the journey, Rahul Mathur, spoke to Startup Street.
Diagnostics company Mylab has acquired a majority stake in point-of-care startup Sankritech. Mylab’s investment in Sankritech will be used to develop affordable point-of-care labs with more than 70 tests. CNBC-TV18's Nisha Poddar spoke to MD and Co-founder of Mylab Hasmukh Rawal about this acquisition and the company's spends.
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First Published: Sept 20, 2021 8:54 PM IST