Bangalore-based fintech Razorpay, which was valued at $3 billion in a financing round in April this year, has courted one more high-profile investor: Salesforce Ventures.
Razorpay has received a strategic investment from the venture arm of the American enterprise giant. Razorpay accepts, processes and disburses money online for small businesses and enterprises.
The used car market is getting another major infusion of venture capital with one of the faster scaling startups out of India picking up a major round of financing to double down on growth. Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a Series F of $340 million and $110 million in debt. The investment values Cars24 at $1.84 billion post-money, the company said, making it one of the more valuable privately-held used car startups globally.
SupplyMe, a new online HORECA (hotels, restaurants and cafes) B2B marketplace has officially launched to connect the F&B supply chain in the UAE to provide a better buying experience for customers. During its beta phase, SupplyMe catered to businesses in the UAE and in the next 12 months, the company aims to extend their presence in other GCC countries, with their priority being Kingdom of Saudi Arabia.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.