Oct 25, 2021
Indian edtech Teachmint valued at $500 million in $78 million funding
Oct 06, 2021
Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn
Khatabook, a leading fintech start-up, has closed a $100 million Series C funding round, with a valuation now close to $600 million. The round was led by US-based VC firms Tribe Capital and Moore Strategic Ventures (MSV). Other investors in this oversubscribed series C round were Alkeon Capital, with continued investment participation from internal investors B Capital Group, Sequoia Capital, Tencent, RTP Global, Unilever Ventures, and Better Capital. In addition, top Silicon Valley investors Balaji Srinivasan, Sriram Krishnan participated as independent investors among others in Khatabook’s series C funding round.
Oct 06, 2021
Animall raises $14 mn Series B from new and existing investors
Animall Technologies, a Bengaluru based startup that operates an online platform for buying and selling dairy and cattle, has raised Rs 102.62 crore in a Series B funding round from new and existing investors.
Oct 06, 2021
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 and Falcon Edge also participated in the round, which brings the startup’s to-date raise to $79 million. The new round valued the startup, which was founded in India, at about $300 million, said a person familiar with the matter.
Oct 06, 2021
NoBroker’s revenue surges 3X in FY20: An inside look
Online real estate rental startup NoBroker saw a windfall of funding from marquee investors Tiger Global and General Atlantic, amounting to nearly $129 million during the fiscal year ending in March 2020.
Flush with funds, the Bengaluru-based company, which saw 2.1X growth in scale during FY19, has scaled at a quick pace in FY20. However, the growth in the last fiscal has come at a significant cost.
Sep 21, 2021
Crosschq Secures $30M in Tiger Global Led Series A Financing To Expand and Scale AI-Powered Talent Intelligence Cloud™
Sep 16, 2021
Tiger Global-led $100M investment makes Apna India's fastest unicorn
Jul 27, 2021
Privacy.com rebrands to Lithic, raises $43M for virtual payment cards
Jul 27, 2021
Moglix joins unicorn club after $120 million funding round
Jul 27, 2021
Klarna pays €110 million for Germany's Stocard
Klarna, a Stockholm, Sweden-based financial service company, announced that it acquired a German company called Stocard.
According to German media sources, the deal was made for €110 million ($130M).
Jul 09, 2021
Rocketship.vc to double down on its India bets
Jul 06, 2021
Silicon Valley's Rocketship.vc unfazed by 'crazy' fintech valuations in South-east Asia
Jun 29, 2021
BukuWarung Raises $60 Mn In Series A Round Led By Valar Ventures And Goodwater Capital
Indonesia-based fintech company BukuWarung, helping micro-SMEs (MSMEs) digitize their business, announced on Thursday to have raised $60 million in Series A funding
Jun 29, 2021
Tiger Global leads 31.5M investment in interactive edtech Quizizz
Quizizz, an Indian startup that is making learning more interactive so that students find it compelling to spend more hours studying, said on Wednesday it has raised $31.5 million in a new financing round.
Jun 25, 2021
Rocketship.vc bets on data-driven investing approach, eyes SE Asian startups
Jun 21, 2021
[Funding alert] Community platform Kutumb raises $26M in Series A round led by Tiger Global
Private equity major Tiger Global has invested $18.5 million in this round. Other investors include Quiet Capital, Rocketship VC, Nirman Investments, AL Trust, Better Capital among others.
Jun 15, 2021
FamPay, a fintech aimed at teens in India, raises $38 million
How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out.
Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million.
Jun 09, 2021
Moglix: How Rahul Garg built an unexpected unicorn
A B2B ecommerce platform for industrial products, nearly 65 percent of Moglix’s business comes from Tier 2 and Tier 3 towns in the country
May 27, 2021
Ant Taylor Discusses Lyte And The Future Of Ticketing
There is a seemingly never-ending stream of ticketing companies, each with its own twist on how to bridge the divide between ticket buyers and the acts, teams or events which go on sale. The challenges are many, including imbalance of supply and demand, intervention by speculators, and mispricing both on the high and low side at the original point of sale.
May 07, 2021
Saudi’s Sary raises $30.5 million Series B for its B2B ecommerce marketplace, hits $500 million in annualized GMV
Saudi B2B ecommerce marketplace Sary has raised $30.5 million in a Series B round led by VentureSouq, it announced today. The round was also joined by Silicon Valley’s Rocketship.vc, STV, and returning investors Raed Ventures, MSA Capital, and Derayah VC. It takes Sary’s total investment raised so far to over $37 million, making it one of the best funded startups in Saudi and the best B2B ecommerce marketplace in the region.
May 04, 2021
World Changing Ideas Awards 2021: AI and Data Finalists and Honorable Mentions
Rocketship.vc receives Honorable Mention in the AI and Data category as part of our 2021 World Changing Ideas Awards for Fund 2!
Apr 30, 2021
Yulu Bags The BW TechTor Award Twice In A Row
With the beginning of its journey in 2017, Yulu Bikes has been the driving force behind India’s shift in the mobility sector toward more sustainable electric vehicles. With its mission to make mobility a ffordable, accessible, and available to an ever-increasing consumer base, Yulu has been a key player in this development trajectory.
Apr 30, 2021
Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers
Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Today the Boston-based startup announced a $112 million Series C investment on a $700 million valuation.
Apr 07, 2021
Khatabook investor Rocketship backs startup targeting teens in second India fintech bet
Early-stage venture capital firm Rocketship.vc, which invested in SME-focused Khatabook last year, has made its second bet in the country’s fintech space by investing in a startup targeting teens.
Mar 09, 2021
Quizizz lands $12.5 million in funding led by Eight Roads Ventures
Education technology startup Quizizz has raised $12.5 million in Series A funding led by Eight Roads Ventures along with participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners.
Mar 09, 2021
Quizizz raises $12.5 mn in Series A round
The round also saw participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners
Mar 09, 2021
What Rocketship.vc Partner Madhu Shalini Iyer looks for in startups and founders
In conversation with YourStory, Madhu Shalini Iyer, ex-Chief Data Officer at Gojek and now Partner at Rocketship.vc, talks about what she looks for in startups and founders while investing in them.
Mar 02, 2021
Looped raises $7.7M to expand its interactive live event platform
The funding is led by Will Ventures, with participation from Rocketship VC
Feb 26, 2021
Dozens of Artists Are Taking Reservations for Their First Post-Covid Shows
Mint Talent Group, which represents 180 artists, has partnered with ticketing platform Lyte to offer a reservation system for concerts that haven’t been announced yet
Feb 10, 2021
Lyte Raises Additional $5M in Series B
Lyte, a San Francisco, CA-based ticketing reservation technology platform for live events, raised an additional $5m as part of a Series B round initially announced in December.
Feb 02, 2021
BukuWarung, a startup digitizing Indonesia's SMEs, raises new funding from Rocketship.vc
BukuWarung, an Indonesian startup focused on digitizing the country’s 60 million small businesses, announced today it has raised new funding from Rocketship.vc and an Indonesian retail conglomerate.
Dec 18, 2020
Spending time with family unlocked timelessness
Madhu Shalini Iyer, partner at Rocketship.vc says being surrounded by loved ones during the lockdown allowed them to engage in fun activities together.
Dec 10, 2020
Harnessing the Data Revolution: Madhu Shalini Iyer on Investing with Data Science
Growing up in Singapore as a teenager, Madhu Shalini Iyer shares her journey from being the Chief Data Officer at Gojek to becoming an investment partner in the Bay Area at Rocketship.vc. We chat with Madhu to learn how she is leveraging data science and tech to uncover rising companies across diverse sectors and identifying the exciting growth markets to venture into.
Dec 09, 2020
Former NASA Scientist Predicts “Gold Rush” in Space
“I’m not saying we’ll find aliens in five years or anything like that. But space will touch every part of our lives.”
Nov 27, 2020
Rocketship.vc 2021 Predictions: COVID-19's impact on data, security and beyond
This past year, our world was turned upside down as offices and schools closed their doors and people were forced to navigate remote work and living. Despite the many challenges the global pandemic has brought about, we have learned to adjust to our “new normal” throughout the past several months. As government officials and medical professionals fight to halt the spread of COVID-19, the way we work, travel, and socialize is forever changed. Below are some key trends we can expect to see in 2021 as industries, companies and people fully embrace the reality of virtual living and adjust to this shift.
Oct 26, 2020
Rocketship Remakes Early Stage Venture Investing
Most investors claim to follow the data, which is good investing practice and even better marketing. Besides, no really successful investor is ever going to claim blind luck or gut instinct as their secret sauce.
But letting the data drive one’s actual investment decision-making is a lot more difficult in practice than it is in theory. After all, there’s a lot of data out there, Sailesh Ramakrishnan, a partner at early-stage global venture capital firm Rocketship Ventures told Karen Webster in a recent conversation.
Oct 14, 2020
How Rocketship VC uses data to make investment decisions --from the other side of the world
Even before the pandemic, Silicon Valley-based Rocketship VC is already accustomed to securing deals over Zoom calls.
As a venture capital (VC) firm, Rocketship VC was founded by a team with a strong history of entrepreneurship in Silicon Valley.
Oct 13, 2020
HONEY, I SHRUNK THE TRANSPORT!
A story of two characters ‘Miracle’ and ‘Move’, ‘Yuluing away to glory in the urban streets of India. The therapeutic duo has set out to liberate citizens from a mindset of convenience and callousness. And from human actions that is causing climate change.
Sep 01, 2020
Strategy Session: Rocketship.vc Doubles Down On Zoom Meetings, Picking Winning Startups
Rocketship.vc, an early-stage venture capital firm using data science to democratize venture capital, recently announced it has raised $100 million for its Fund II.
The new fund comes five years after Los Altos, California-based Rocketship raised its first fund of $40 million. The firm has invested in 44 portfolio companies across seed, Series A and Series B rounds, with 46 percent of investments made outside of the U.S. It has also seen five exits, including Audacy, Chewse, Fitmob, Fynd and PaySense.
Aug 31, 2020
Meet Sailesh Ramakrishnan, Partner at rocketship.vc
Venture capital used to be a cottage industry, with very few investing in tomorrow’s products and services. Oh, how times have changed!
While there are more startups than ever, there’s also more money chasing them. In this series, we look at the new (or relatively new) VCs in the early stages: seed and Series A.
Aug 31, 2020
Apple alum’s jobs app for India’s workers secures $8 million
Javed, a middle-aged man, worked as a driver before losing that job earlier this year as coronavirus spread across India, prompting New Delhi to enforce a nationwide lockdown and temporarily curb several business activities.
There are millions of people like Javed in India today who have lost their livelihood in recent months. They are low-skilled workers and are currently struggling to secure another job.
An Apple alum thinks he can help. Through his app startup Apna, Nirmit Parikh is helping India’s workers learn new skills, connect with one another and find jobs.
Aug 25, 2020
Wasabi Tripling As It Siphons Customers From AWS, Azure In $233 Billion Cloud Market
Outsourcing corporate technology to the cloud was popular before Covid-19 — now it’s even more popular.
While cloud services — valued at $233.4 billion in 2019 growing at 26%, according to IDC — is a critical source of growth for industry leaders Amazon, Microsoft, and Google, there are startups offering competitive cloud storage services — one of many offerings by the big three — that are growing much faster than these industry leaders.
A case in point is Boston-based Wasabi Technologies, a provider of object storage services that compete with AWS’s S3 at 20% of the price. Whereas the industry grew at an average 31% rate in the most recent quarter, Wasabi’s revenues soared 5.5-fold between January 2019 and January 2020 and are expected to triple in 2020.
Aug 12, 2020
Rocketship.vc Closes Second Global VC Fund at $100 Mn
Silicon Valley-based venture capital (VC) firm Rocketship.vc has announced close of its second fund (Fund II) at USD 100 million (INR 747 crore). The fresh investment vehicle comes five years after the early-stage global VC firm had closed its first fund at USD 40 million.
Aug 05, 2020
Rocketship.vc raises $100M fund for Data focus
Rocketship.vc raised its first $40 million fund in 2017 to invest from the U.S. in startups globally, using data rather than personal connections to find startups and make deals.
That strategy has positioned the firm to make deals remotely during the pandemic, since it had already used data to make investments remotely pre-Covid-19.
Now, Los Altos, Calif.-based Rocketship has doubled down on this thesis with a new $100 million fund. It has also hired a new partner, Madhu Shalini Iyer, formerly the chief data officer at Indonesian tech startup Gojek.
Aug 05, 2020
Springboard raises $31 million to expand its mentor-guided education platform to more geographies
Springboard, an online education platform that provides upskilling and reskilling training courses to people looking to learn in-demand roles, has raised $31 million in a new financing round as it looks to expand to more geographies
Jul 21, 2020
Crosschq Announces New Round of Investment from Tiger Global and Rocketship.vc
Crosschq, pioneers of a new software category for the recruiting industry called Human Intelligence Hiring™, announced today a new round of financing that includes investment from Tiger Global Management and Rocketship.vc. This latest round comes immediately following a strategic financing from Slack and SAP.iO in June which also included re-investment from GGV Capital and Bessemer Ventures.
Jun 24, 2020
Urgently Predicts Higher Than Normal Automobile Usage as Economy Reopens
Urgently expects increased miles driven to propel year-over-year growth of mobility and roadside assistance volumes to as much as 130% this summer, as pandemic restrictions lift and consumers take to the road for leisure travel.
Jun 22, 2020
US-based Rocketship leads Rs 30 Cr funding in micro-mobility platform Yulu
Bengaluru-based last-mile micro-mobility platform Yulu on Monday announced that it has raised a fresh funding of Rs 30 crore led by US-based VC firm Rocketship and existing investors.
Jun 16, 2020
3 Indian startups on CB Insights list of 50 future unicorns
Three Indian startups have made their way to coveted 2020 list of 50 future Unicorns. These are fintech platform-CRED, edtech firm- Vedantu and B2B ecommerce company-Moglix. Unicorns are startups with a valuation over $1 billion.
Jun 11, 2020
Triller Integrates Snap’s Camera Kit to Fuel Community Creativity
Camera Kit enables Triller users to interact with special Snapchat Lenses inspired by artists and songs
Jun 10, 2020
German-based Stocard launches mobile wallet in the UK and a mobile payment feature, reaching 50 million users
Today German fintech startup Stocard, one of the world’s leading mobile wallets and one of the largest B2C startups in Europe in terms of number of users, officially launches in the UK and unveils a mobile payment feature as it reaches 50 million users globally.
May 28, 2020
Wasabi announces $30M Series B as cloud storage business continues to grow
We may be in the thick of a pandemic with all of the economic fallout that comes from that, but certain aspects of technology don’t change, no matter the external factors. Storage is one of them. In fact, we are generating more digital stuff than ever, and Wasabi, a Boston-based startup that has figured out a way to drive down the cost of cloud storage, is benefiting from that.
May 27, 2020
Here’s how a virtual credit card number can protect your real card when you shop online
Privacy.com offers a free way to generate one time use card numbers – but you can also do so much more.
May 26, 2020
NoBroker Is Solving the Real Estate Puzzle Through Tech-Led Solutions
Founded by IIT and IIM graduates Amit Kumar Agarwal, Akhil Gupta and Saurabh Garg, the Bengaluru-headquartered start-up now offers a range of services apart from real estate such as packers-and-movers services, a visitor and community management app called NoBrokerHood, and home-services such as home-cleaning, home-painting and air-conditioning repairs, among others.
May 21, 2020
India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online
Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it looks to gain more ground in the world’s second most populous nation.
May 15, 2020
Paperspace Joins NVIDIA DGX-Ready Software Program
Paperspace, a leading provider of AI cloud computing, today announced Paperspace Gradient is certified under the new NVIDIA DGX-Ready Software program. The program offers proven solutions that complement NVIDIA DGX™ systems, including the new NVIDIA DGX A100, with certified software that supports the full lifecycle of AI model development.
Apr 30, 2020
Springboard Announces Covid-19 Relief Scholarship
Springboard, the online learning platform that bridges the skills gap, announced today a COVID-19 relief scholarship fund that will award up to $500,000 to prospective students whose lives have been directly impacted by the coronavirus pandemic. This relief scholarship is in addition to the $1.2 million already awarded and is now available to current students and prospective students applying to the next cohort starting on May 26.
Apr 28, 2020
[Product Roadmap] How Ratan Tata-backed Moglix is tapping tech to become Alibaba 2.0 A product roadmap clarifies the why, what, and how behind what a tech startup is building.
A product roadmap clarifies the why, what, and how behind what a tech startup is building. This week, we take a closer look at B2B ecommerce platform Moglix and how it is using technology to digitally transform the supply chain of India’s manufacturing sector.
Apr 28, 2020
Kickstart Automated Supply Chain With Locus QuickStart for SMEs and Startups
Startups and SMEs are in a precarious situation now more than ever. Companies are struggling to manage volatile demand, fleet and resource efficiency, and rising costs due to the COVID-19 pandemic. Locus, a global B2B SaaS company that automates human decisions in supply chain, has launched a free tool ‘QuickStart,’ a self-serve lite version of the product suite for startups and Small and Medium Enterprises (SMEs) to address these very problems.
Apr 25, 2020
How to Livestream Your Wedding
Thanks to video-streaming apps and services, couples who choose to get married while self-isolating can share their special moments with family and friends.
Apr 15, 2020
India’s NoBroker raises an additional $30M from General Atlantic
NoBroker, a Bangalore-based startup that helps those looking to rent or buy an apartment connect directly with property owners, has extended its previous financing round to add $30 million to it.
Jan 24, 2020
Karma app aims to help restaurants in the EU and UK reduce food waste by redistributing surplus
Karma, a Swedish food-waste startup, has done a good job of convincing thousands of deal-hungry consumers to use its hot pink app to buy edible items that would otherwise become garbage.
Jan 17, 2020
'Data helps us invest beyond geographies': Anand Rajaraman of Rocketship
Rajaraman speaks to Forbes India on what pulled a quarter of their bets to India and his take on sky-high valuations
May 30, 2019
M.R. Asks 3 Questions: Anand Rajaraman, Founding Partner, Rocketship.vc
In addition to being an entrepreneur and VC, Anand Rajaraman is a computer science professor at Stanford with a trained eye for how new organizations can apply deep learning and other AI/ML techniques across various industries.
Having the opportunity to sit down with Anand, founding partner at over six organizations, and hear his perspectives on the current state of data and algorithms in the VC landscape, was time well spent.
Apr 28, 2017
Rocketship.vc Takes Data Science Approach to Venture Capital
Venture capitalists are increasingly using advances in data science and machine learning to make investments. A new Silicon Valley firm, Rocketship.vc, with a $40 million first fund, is using data and analytics to make its early-stage bets….