In Startup Street’s ‘What’s Brewing’, digital payments company Paytm has raised USD 1 billion in the latest round of fundraising this year. With this, the total amount of funds raised by the company since inception stands at over USD 3.5 billion. The company claims this latest round values it at USD 16 billion. This round of funding was led by US asset manager T Rowe Price along with existing investors in the company like Softbank and Ant Financial.
Paytm had last raised funds in September last year; that was a USD 300 million dollar investment from Warren Buffett's Berkshire Hathaway. CNBC-TV18’s Mugdha Variyar spoke to Paytm’s Deputy CFO Vikas Garg to find out more.
Also in ‘What’s Brewing’, saddled with a debt of nearly Rs 5,000 crore, the management at Cafe Coffee Day has been on a hunt for investors to sell assets and cut the debt. According to sources, the company has signed a non-disclosure agreement (NDA) with nearly 30 players already who are keen to invest, and now, we have a new player in the fray. Hospitality chain Oyo has thrown its hat into the ring, according to sources. Mugdha tells why Oyo is keen on Café Coffee Day and can we expect a deal to materialize.
In the ‘Hot Seat’ segment, Softbank backed Inmobi has acquired video content platform Roposo as it looks to boost curated vernacular video content on its platform called Glance. Roposo is a Tiger Global and Bertelsmann backed short-video platform that was founded in 2014 and Glance is a part of the Inmobi Group that offers personalized content to screen zero or the lock screen of a smartphone. How does this acquisition benefit Inmobi and what's the bigger vision here? To find out, CNBC-TV18’s Megha Vishwanath talks to Inmobi's CEO Naveen Tiwari.
In ‘Checking In’, it is a business that globally rakes in millions of trillions of dollars but for all that, the global shipping industry is rather traditional. Technology has been slow to catch on where back-office operations are concerned, but a Chennai-based startup is looking to change that. It plans to lend a digital touch to the freight business. CNBC-TV18's Jude Sannith checks in with the founders of FreightBro to find out how their business model could help the industry.