![]() “We are making a difference in the lives of millions of Indians by democratizing access. “We plan to offer them all asset classes eventually,” he said. Lalit Keshre, co-founder and chief executive of Groww, told TechCrunch in an interview that the startup is working to introduce several more asset classes for its users to invest. Groww helps millennials invest in mutual funds, futures, derivatives, stocks, and initial public offerings. ![]() The startup had multiple termsheets, the report added. TechCrunch reported last month that Groww was in talks to finalize a $250 million round at a $3 billion valuation. Groww, which has now raised over $390 million to date, was valued at $250 million in September last year and $1 billion in April this year. Alkeon, Lone Pine Capital and Steadfast as well as existing investors Sequoia Capital India, Ribbit Capital, YC Continuity, Tiger Global, and Propel Venture Partners “significantly” participated in the new round. Iconiq Growth led the Bangalore-based startup’s $251 million Series E financing round. Personal Loans for 670 Credit Score or LowerĭoorDash reported a 30 cent loss per share and revenue of $1.28 billion.Groww has tripled its valuation to $3 billion in just six months as the Indian fintech startup looks to broaden its offerings and help more millennials start their investment journey in the world’s second largest internet market. Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised 530 million in new funding. Wolts mission is to make cities better places for customers, merchants and couriers alike. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue.Īnalysts expected a loss of 26 cents and $1.18 billion in revenue. Wolts platform makes it easy for customers to order whatever they need on on Read More Contact Who is Wolt Headquarters 6 Arkadiankatu, Helsinki, Uusimaa, 00100, Finland Phone Number +358 20142017 Website Revenue 1. Wolt helsinkibased iconiq Netspot pro version Does mcafee total protection include vpn shield Does mcafee total protection include vpn shield. The company also saw a net loss of $101 million, more than double its loss of $43 million during the same quarter of 2020.įollowing the announcement, shares of DoorDash surged more than 24% in after-hours trading following an initial dip. Does mcafee total protection include vpn shield how to Does mcafee total protection include vpn shield install Does mcafee total protection include vpn shield serial. New customers acquired for the quarter dropped over peak levels in 2020, but above 2019 levels. The deal with Wolt is expected to close in the second half of 2022, and Wolt founder and CEO Miki Kuusi will run DoorDash International. The Finland-based company has about 4,000 employees and operates in 23 countries. It surpassed 10 million users in January.Īnalysts at Gordon Haskett said the acquisition will help accelerate DoorDash's expansion into international restaurants, retail and grocery by several years, but downgraded the stock from a buy to hold and lowered the price target from $243 to $233. "But, with near zero insight into Wolt's financials, supporting DoorDash's relative valuation premium following a near 20% share price jump on the news is not feasible at this time," the Gordon Haskett analysts wrote.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |