Germany’s Zolar grabs $105M on soaring demand for solar energy

Berlin-based Zolar has bagged €100 million (~$105M) in Series C funding to expand its supplier network for small solar systems to meet rising demand for clean energy. Germany is particularly exposed to the energy crisis triggered by the war in Ukraine as it remains heavily dependent on Russian gas imports — meaning consumers there face […]

Indian fintech giant Razorpay valued at $7.5 billion in $375 million funding

Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings. The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series […]

Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

Paytm has raised $1.104 billion in India’s largest ever anchor round as part of its initial public offering, which is also shaping to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets. Blackrock, GIC, Canada Pension Plan Investment Board, Birla MF are among […]

Colombian on-demand delivery startup Rappi raises ‘over’ $500M at a $5.25B valuation

Rappi, a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series G round led by T. Rowe Price, the company announced late Friday. Baillie Gifford, Third Point, Octahedron, GIC SoftBank, DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital and others also participated in the round. The […]

Locus raises $50 million for its logistics management business

Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence. The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management […]

Singapore’s GIC to invest $752 million in Reliance Retail

GIC, Singapore’s sovereign wealth fund, will invest $752 million in Mukesh Ambani’s Reliance Retail, the Indian firm said Saturday midnight. The Government of Singapore Investment Corp is the fifth high-profile investor to back Reliance Retail, India’s largest retail chain, in the past four weeks. Reliance Retail — like its sister sibling Jio Platforms — is […]