open funding

After all but decimating India’s fledgling crypto industry with exorbitant taxes, the government is now eyeing decentralised finance (DeFi) platforms outside India where some investors have stashed their crypto to earn interest from it. A…

Bengaluru: Neobank Open has closed a $50 million financing led by IIFL Finance along with participation from existing investors Temasek, Tiger Global and 3one4 Capital participating in it, people briefed on the matter said. With this, Open…

It’s been the year of the unicorn in India, with 39 tech startups having hit a valuation of at least $1 billion so far. The new year may be just a week away, but there might yet be time for one last startup to join the coveted club and make…

India’s neobanking startups raised $33.2 million between them in a pandemic-hit 2020. Today we report that the neobank Open has raised more than three times that amount in a single round. Yowza.Also in this letter:Swiggy to test social…