Ola Raises $500 mn, Razorpay's valuation rises to $7.5 bn and more

SaaS news this week (20th December 2021- 26th December 2021) Ola Raises $500 mn, Razorpay's valuation rises to $7.5 bn and more
Ola Raises $500 mn, Razorpay's valuation rises to $7.5 bn and more

Ola Raises $500 Mn

Ola has raised $500 million from worldwide institutional financial backers through a term advance, to fuel its development across different organizations. Ola will use the advance to fuel its vision for the development across its different organizations including ride-hailing, vehicle renting, food delivery, speedy business, and monetary administrations, it further added.

Razorpay's valuation rises to $7.5 billion after $375-million funding

Razorpay, a Bengaluru-based payment platform has raised $375 million in another funding round. It was later valued at $7.5 billion—a leap of more than 100% in eight months. In April this year, they raised $160 million at a post-cash valuation of $3 billion. The organization has seen a seven-fold expansion in its valuation in barely a year since it turned unicorn.

Tackle.io Secures $100M Series C Funding

Tackle.io, a software company aimed to help software providers generate revenue through the cloud, announced a $100 million Series C funding round. The company was valued at $1.25 billion and was co-led by Coatue and existing investor Andreessen Horowitz.

Hevo raises $30 Mn in Series B funding led by Sequoia Capital

SaaS startup, Hevo Data has raised $30 million in a Series B funding round which was led by Sequoia Capital India. It will use the funds raised to further scale sales and marketing efforts, increase focus on building new products, as well as to build teams in the US and Europe. 

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