Edtech startup BYJU'S has raised about Rs 2,200 crore ($300 million) in a Series F funding round as part of a larger round of new investment. With the latest fundraise, the total shareholding of the Byju's promoters now stands at 22.9 per cent, whereas the non-promoters hold 77.03 per cent stake in it.
BYJU'S raises new funding round of $300 million valued at $18 billion.
Edtech startup BYJU'S has raised about Rs 2,200 crore ($300 million) in a Series F funding round as part of a larger round of new investment. With the latest fundraise, the total shareholding of the Byju's promoters now stands at 22.9 per cent, whereas the non-promoters hold 77.03 per cent stake in it.
BYJU'S raises new funding round of $300 million valued at $18 billion
Technology video | 155 views
OpenAI closes $300 million funding round at $27 billion-$29 billion valuation #shortsvideo
Technology video | 160 views
Bengaluru-based Tekion, developer of a cloud-native automotive SaaS platform-Automotive Retail Cloud, secured the Series D financing round of $250 million, which has helped the company to get valuated over $3.5 billion.
Jay Vijayan's Tekion raises $250 million, valued at $3.5 billion
Technology video | 97 views
#N26 has raised more than $900 million in a Series #Efunding round that values the German digital bank at over $9 billion. Launched in Germany and Austria in January 2015, N26 began as a current account with #Mastercard.
N26 raises $900m in E series funding valued $9bn
Technology video | 170 views
Simplilearn raises $45 Million in new funding round #shortsvideo
Technology video | 95 views
#Wearables #Anritsu #CybersecurityIndustry
Growth of Cybersecurity Industry in 2021
India’s cybersecurity services and product industry is poised for revenue of USD 9.85 billion in 2021 and grew at a compound annual growth rate of about 40 percent in the last two years, a report by the Data Security Council of India noted. The key drivers of the Indian cybersecurity industry are adoption of cloud-first strategy; business-led innovation; growing threat landscape and awareness around threats; and global and domestic regulations around compliance and data privacy. North America and Europe continue to be the leading geographies for services and products revenue with combined 58 percent revenue contribution, it added. Asia, Middle East and Africa are the fastest growing geographies. The report further said that the Indian cybersecurity services industry grew from USD 4.3 billion in 2019 to about USD 8.5 billion in 2021. The Indian cybersecurity products grew from USD 740 million in 2019 to reach USD 1.37 billion this year. As the industry is moving towards a platform-based approach to offer holistic solutions and simplify security integration and deployment, there is a huge demand for cybersecurity talent with service companies having a cybersecurity workforce of 2.18 lakh and product companies having about 27,000 workforce in 2021.
Every crisis has a silver lining and for the pandemic, it has been the accelerated adoption of digital solutions across enterprises and government. Decades worth of digital transformation has taken place in the last two years and India’s technology industry has emerged as the preferred digital solutions partner with cybersecurity as a key growth vertical. The Indian cybersecurity industry is constantly expanding its global footprint with a presence in the US, Canada, UK, France, Australia, Singapore, and the UAE. India’s cybersecurity industry was at the forefront supporting the Government and all critical sectors to man
Technology video | 228 views
Today, 1 out of every 10 unicorns globally have been born in India. Neobank startup, OPEN becomes the 100th unicorn in India with the latest funding of $50 million from IIFL along with existing investors. We can clearly see, the vision of Atmanirbhar Bharat is rooted deeply in the Startup Ecosystem and shall continue to prevail in the coming years. Last year, India got 44 unicorns with a total valuation of $93 billion. Meanwhile, in the first four months of 2022, India got 14 unicorns with a total valuation of $18.9 billion. As per the ministry, in the first four months of 2022, India has given birth to 14 unicorns with a total valuation of $18.9 billion. The year 2021 recorded a huge surge in the number of unicorns, registering a total of 44 startups entering the Unicorn club throughout the year with a total valuation of $93 billion. All credits goes to Startup India, Since the launch of the initiative on January 16, 2016, more than 69,000 startups have been recognised in the country till May 2, 2022. These startups have been solving problems in 56 diverse sectors with 13 per cent from IT services, 9 per cent healthcare and life sciences, 7 per cent education, 5 per cent professional and commercial services, 5 per cent agriculture, and 5 per cent food & beverages.
While work from home fuelled the growth of digital businesses in India during the pandemic, the event also resulted in a long unicorn list. Primarily three factors, a thriving digital payments ecosystem, a large smartphone user base and a digital-first business model, have come together to attract investors. Tech companies, which have become household brands, are contributing to the unicorn boom in India, as smartphone penetration and digitization of commerce in every aspect of life have increased manifold during the pandemic. Apart from fintech, e-commerce grocery, SaaS and marketplace players are contributing the most to the unicorn universe. It is true that, valuations are temporary, value
Technology video | 123 views
इजरायल और हमास के बीच जंग शुरू हुए एक महीने से ज्यादा का समय बीत चूका है। एक तरफ इजरायल के सैनिक गाजा पट्टी में जमीनी लड़ाई लड़ रहे हैं तो दूसरी ओर हमास के लड़ाके भी जमकर गोलीबारी कर रहे हैं।
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News video | 245 views
Orca Security has raised an additional $340 million of Series C funding to enhance its detection capabilities and grow the size of its channel community. Investors are expecting to see Orca become the next leader of cloud security,’ says Orca Security Co-Founder and CEO Avi Shua as the cloud security startup notched a $1.8 billion valuation.
Orca Security raises $340M in the Series C funding to enhance scale
Technology video | 151 views
Ending weeks of suspense, Yes Bank on Friday said that eight investors led by Erwin Singh Braich have evinced interest to pump USD 2 billion into the capital-starved private sector lender. The board of directors of the bank will reconvene on December 10 to finalise and approve details of capital infusion, which will take place through preferential allotment, it informed the exchanges.
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