Launched in 2016, Kuvera.in is now one of India’s fastest-growing personal finance platforms. In four years the venture has garnered a customer base of 4.5 lakh investors with assets under advisory of Rs 6,000 crore in mutual funds. To find out how they are riding the digital wave in the mutual fund industry, CNBC-TV18 spoke to Gaurav Rastogi, CEO of Kuvera.in.
On What's Brewing, a local Japanese report suggests that Yahoo has pulled out of its partnership with OYO in Japan. In February this year OYO announced the commencement of its operations in Japan through a joint venture with Yahoo Japan Corporation to form Oyo Technology and Hospitality Company, Japan. Through this entity, Oyo had plans to bring Oyo Life to the Japan market.
On Investor Eye, the spotlight is on Lightspeed Ventures and their portfolio startup Myscoot founded in 2017. This Delhi-based startup is a community platform for home-hosted experiences, think of it like an Airbnb but for offline events. The platform on-boards verified individuals like you and me who can use MyScoot to either attend or host social events.
Now Lightspeed pumped in a USD 1.7 million in July this year in a round of seed funding, along with other investors like Venture Highway, Mayfield India. Kunal Shah, CEO of Cred, and Maninder Gulati, Chief Strategy Officer at OYO Rooms also participated in the round. Startup Street caught up with investor and investee duo in the capital to talk about their partnership so far and understand the nuances of raising a seed round.