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<ul><li><keyword id="3797849" type="PERSON" weightage="20" keywordseo="Shipsy">Shipsy</keyword> is a SaaS-based platform that helps shippers and <keyword id="108235" type="ORGANIZATION" weightage="20" keywordseo="logistics">logistics</keyword> businesses digitize and automate their operations.</li><li>The five-year-old startup claims that it currently processes 10% of India’s trade, and is creating the largest global trade network.</li><li>Shipsy is a part of Sequoia’s fourth cohort of Surge, where startups have collectively raised over $45 million.</li></ul>Shipsy, a SaaS-based platform that helps shippers and logistics businesses digitize and automate their operations, has raised $6 million from Sequoia’s accelerator platform Surge and its existing investor <keyword id="80004" type="COMPANY" weightage="20" keywordseo="Info-Edge">Info Edge</keyword>. Shipsy is one of the many logistics startups in India that has raised funding in the recent past as the coronavirus lockdown put more emphasis on supply chain management. “The platform helps shippers reduce freight costs by automating and digitizing freight negotiations, reducing incidental charges, significantly improving shipping turnaround time and minimising working capital loss for shippers through advanced machine learning models. Owing to a substantial increase in the demand for our solution, it was important to leverage the momentum and look out for global investment partners in our next leg of our journey,” said Soham Chokshi, Co-founder and CEO of Shipsy. Choksi added that with the new funds, the startup would continue to invest in geographical expansion as well as product innovation. The five-year-old startup claims that it currently processes 10% of India’s trade and “is creating the largest global trade network by bringing all stakeholders of the International logistics ecosystem on a single platform.” “Shipsy’s team has a customer-first approach and their software product solves for opacity in the logistics supply chain for enterprises using intuitive workflow automation. The product has seen great adoption from large Indian as well as overseas corporates with significant cost reduction for them. We are excited to continue backing the team as Shipsy is evolving into a global B2B product being built and scaled from India,” said Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge in a statement. Shipsy is a part of Sequoia’s fourth cohort of Surge, where startups have collectively raised over $45 million from reputed angel investors like Naval Ravikanth, Kunal Shah, among others.

Sequoia’s Surge and Info Edge invest $6 million in logistics platform Shipsy

<ul><li>HDFC, India’s leading life insurance company has invested in ‘Z3Partners Tech Fund ’ – a tech and digital investment focused Venture Capital (VC) fund.</li><li>Z3Partners wants to build a portfolio of 8-10 companies</li><li>Z3Partners is raising ₹500 crore for the Z3 Partners Tech Fund.</li><li>The fund invests ₹35 crore –₹80 crore at the early growth stage of a digital start-up.</li></ul> HDFC Life, one of India’s leading life insurance companies, has invested in Z3Partners’ new fund named ‘Z3Partners Tech Fund’, a tech and digital investment focused Venture Capital (VC) fund. The fund will invest in and nurture tech and digital entrepreneurs in India. Z3 Partners, which is currently raising this fund of ₹500 crore, has already backed start-ups like Cyfirma, Gramophone, Shipsy, and <keyword id="14425266" type="General" weightage="20" keywordseo="true-fan" source="Orion">True-Fan</keyword>. Z3Partners was founded by Gautam Patel, whose prior investments include <keyword id="14425267" type="General" weightage="20" keywordseo="bigbasket-medgenome-ofbusiness" source="Orion">BigBasket, MedGenome, OFBusiness</keyword> and <keyword id="864887" type="General" weightage="20" keywordseo="pepperfry" source="Orion">Pepperfry</keyword>. Z3Partners invests in market-leading tech and digital start-ups. The fund announced its second close of ₹250 crore last year and is on track for the final close this year. “We are excited to have HDFC Life onboard for this journey to invest in the best tech and digital companies that are backed by world-class entrepreneurs. We believe this endeavor will translate into providing support and leadership to the Indian start-up ecosystem,” Patel said. Z3Partners has invested in the unicorn DealShare and is looking to create a portfolio of 8-10 companies in fintech. The tech fund invests ₹35 crore - ₹80 crore in the early stages of the shortlisted companies. SEE MORE: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/unacademy-shuts-down-global-test-prep-business-ceo-opts-for-a-pay-cut/articleshow/92806222.cms">Even with ₹2,800 crore in bank, we are not efficient at all: Unacademy’s Gaurav Munjal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/indian-policy-makers-are-not-happy-that-8-out-of-10-upi-transactions-are-being-done-through-phonepe-and-google-pay/articleshow/92804434.cms">Indian policy makers are not happy that 8 out of 10 UPI transactions are being done through PhonePe and Google Pay</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tcs-tumbles-and-drags-down-to-wipro-infosys-tech-mahindra-and-ltts-with-poor-earnings/articleshow/92795039.cms">TCS tumbles and drags down to Wipro, Infosys, Tech Mahindra and LTTS with poor earnings</a>

HDFC Life invests in tech fund to support digital entrepreneurs in India

<ul><li><keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword> has raised an undisclosed amount of funding from Tiger Global Management and Dragoneer Investment Group. </li><li>With the latest investment, the edtech unicorn’s valuation has soared to $2 billion. </li><li>In September, the five-year old startup had entered the unicorn club with a $150 million cheque from SoftBank.</li></ul>Adding on to the list of phenomenal edtech fundraises this year, Unacademy has raised an undisclosed amount of funding from Tiger Global Management and the US-based Dragoneer Investment Group. With the latest investment, the edtech unicorn’s valuation has soared to $2 billion. Unacademy’s valuation growth <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">February 2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$510 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">September 2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.45 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">November 2020 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2 billion </td></tr></tbody></table> “Our mission from Day One has been to democratise education and make it more affordable and accessible. We have consistently built the most iconic products that deliver high quality education to everyone,” said Gaurav Munjal, Co-Founder and CEO, Unacademy, in a statement. In September, the five-year old startup had entered the unicorn club with a $150 million cheque from SoftBank. Unacademy had also raised funding from Facebook in February, the social media giant’s second direct investment in India. The startup is also backed by Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures, and individual investors Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, co-founder, Udaan. Unacademy in numbers <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Number of educators </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">47,000+ </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Languages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Presence in cities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Watchtime on Unacademy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 billion minutes per month </td></tr></tbody></table> “The opportunity to improve lives through online education is enormous because of its sheer accessibility. The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India. We are very excited to partner with Unacademy and look forward to seeing it scale further,” said Scott Shleifer, Partner at Tiger Global, in a statement. The startup was also one of the official sponsors of the Indian Premier League. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/sequoia-surge-and-info-edge-invest-6-million-in-logistics-platform-shipsy/articleshow/79402567.cms">Sequoia’s Surge and Info Edge invest $6 million in logistics platform Shipsy</a> <a href="https://www.businessinsider.in/business/startups/news/upgrad-acquires-coaching-institute-the-gate-academy-says-more-acquisitions-are-on-the-cards/articleshow/79390154.cms">upGrad acquires coaching institute The Gate Academy — says more acquisitions are on the cards</a>

Unacademy valuation soars to $2 billion as the edtech startup raises more funds from Tiger Global and Dragoneer Investment Group

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Sequoia’s Surge and Info Edge invest $6 million in logistics platform Shipsy

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HDFC Life invests in tech fund to support digital entrepreneurs in India

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Unacademy valuation soars to $2 billion as the edtech startup raises more funds from Tiger Global and Dragoneer Investment Group

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