CARS24 raises $450M, at a valuation of $1.84B
The ecommerce platform for pre-owned vehicles, , has raised a total of $450 million at the valuation of $1.84 billion. The startup raised $320 million in Series F equity, and $110 million debt from diversified financial institutions. The company stated that the Series F equity round was led by DST Global, Falcon Edge, and SoftBank Vision Fund 2, along with participation from Tencent and existing investors Moore Strategic Ventures and Exor Seeds.
Facebook India appoints former IAS officer Rajiv Aggarwal as Head of Public Policy
Facebook India on Monday said it has appointed ex-IAS officer and former Uber executive Rajiv Aggarwal as the Director of Public Policy. He succeeds Ankhi Das, who quit in October last year. She was embroiled in a controversy for opposing enforcement of hate-speech rules against right-wing leaders in the country.
Aggarwal, in this role, will define and lead important policy development initiatives for Facebook in India on an agenda that covers user safety, data protection and privacy, inclusion and internet governance, a statement said.
Klub raises Rs 20 Cr in debt from Trifecta Capital
Revenue-based financing platform, Klub on Monday raised Rs 20 Cr in debt financing from India’s leading venture debt fund, Trifecta Capital. Trifecta’s investment in Klub has a multi-pronged thesis. According to the official statement, the financing will help Klub to scale their technology, product, and assets under management, and serve as a partnership opportunity for both companies to collaborate on various ways to support digital-first companies.
Edited by Anju Narayanan
Link : https://yourstory.com/2021/09/startup-news-and-updates-daily-roundup-september-20
Author :- Team YS ( )
September 20, 2021 at 11:50AM
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