The B2B apparel sourcing and manufacturing startup had backing from new investors like Stride Ventures, Stride One, and Trifecta Capital, along with existing ones Lightspeed and Alteria Capital.
The fund will help the company invest further in its ad targeting technology as well as continue the growth of consumer transactions business, the company said
Experts say while the percentage of start-up spends may not be higher or similar compared to earlier times, it still will be a significant amount that will add to the AdEx growth in 2024
The advertising sector has its fingers crossed for startups as the year 2023 was marred by problems such as extended funding winters, layoffs, shutdowns and retrospective taxes
The Indian economy remains a bright spot in the midst of global economic turmoil which will attract the present and new investors in the coming days, say experts
The round was led by Better Capital, with contributions from TDV Partners, Blume Founder’s Fund, Sunn91, Astir Ventures, and founders of Kutumb, Dhan, PagarBook, Flobiz, Khatabook, etc.
The company reportedly said the funding will help it reach out to more customers across current and new cities and streamline the entire real estate journey with the help of technology
Most of these brands have already started to cut their marketing budgets. According to TAM Media data, the indexed avg volume growth for new-age advertisers on TV fell by 11% in 2022 through October
The proposed investment by Jio is aimed at accelerating Glance’s launch in several key international markets outside of Asia such as the USA, Brazil, Mexico and Russia
The company will utilize the major part of the investment in enhancing the technology on the app, launching new features and augmenting the backend tech team
As per regulatory filings accessed by Tofler, the payment platform has allotted 45 crore equity shares, aggregating to Rs 450 crore to Amazon Corporate Holdings & Amazon.com
The funding has been co-led by Silicon Valley based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India & Orios Venture Partners
The round was led by Tiger Global, with participation from Flipkart Ventures (the early stage venture fund of Flipkart), Mayfield, Nordstar & Better Capital