ShareChat raises $500 million from Tiger, Snap, Twitter
Thu, Apr 8, 2021 11:26 AM

ShareChat raises $500 million from Tiger, Snap, Twitter

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ShareChat has been valued at $2.1 billion in its latest $502 million funding round. The round has been led by Tiger Global Management, Snapchat parent Snap Inc and existing backer Twitter and Lightspeed. The deal also makes ShareChat India’s latest unicorn- privately held firms valued at over a bn dollars. The ban on TikTok and other Chinese social media apps has turbocharged the company’s growth.

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$7.4 million raised by B2B ecommerce platform Beldara from Hindustan Media

$7.4 million raised by B2B ecommerce platform Beldara from Hindustan Media

Beldara garnered $7.4 Mn from Hindustan Media Ventures, receiving the first tranche of $4.2 Mn.  The Mumbai-based B2B e-commerce portal will use the funds to enhance brand awareness and for its new venture in agro B2B products, ‘Farm 2 Globe’.  Founded in 2014 by Pradeep Khandekar, Beldara is a global B2B marketplace linking international suppliers to buyers all over the world.

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Dr Reddy's will be importing Sputnik V vaccine from Russia during Q1'FY22

Dr Reddy's will be importing Sputnik V vaccine from Russia during Q1'FY22

Dr Reddy's on Wednesday announced it will be importing Sputnik V vaccine from Russia in this quarter, and supplies from Indian manufacturers will commence from next quarter. Earlier the Russian sovereign fund RDIF said that more than 50mn doses of Sputnik V vaccine will be available every month in India from May. Dr Reddy's, at present can produce up to 250mn doses of the Sputnik V vaccine.

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Kajaria Ceramics Q4 PAT may increase 130.5% YoY to Rs 114 cr: Sharekhan

Kajaria Ceramics Q4 PAT may increase 130.5% YoY to Rs 114 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Building Materials sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs 114 crore up 130.5% year-on-year (down 3.9% quarter-on-quarter). Net Sales are expected to increase by 31.1 percent Y-o-Y (up 2 percent Q-o-Q) to Rs 855 crore, according to Sharekhan.

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