Indian Startup News Ep 103: Pine Labs IPO | Lead School – Latest Unicorn

Crypto is affordable with CoinSwitch. Buy and sell Bitcoin and other Crypto with just Rs.100 on CoinSwitch, India's largest Crypto app! Download CoinSwitch: https://coinswitch.co/in/refer?tag=xSQKo To know more about crypto's future in India:    • What is Crypto’s future in India? || AMA w...   Knowledge Partners: CoinSwitch Kuber #CoinSwitch #KuchTohBadlega This week in Indian startup news, Pine Labs files for confidential IPO in the US, Edtech startups looking to self-regulate the edtech sector and GlobalBees acquire three more D2C brands. In funding news, Lead School raises $100 million to become a unicorn, Refyne raises $82 million, FPL Technologies raises $75 million, and Curefoods raises $62 million. 00:00 Introduction 00:32 Pine Labs files for confidential IPO in the US 03:09 Edtech startups looking to self-regulate the edtech sector 03:47 Sponsor shoutout 05:13 GlobalBees acquires three more D2C brands 05:42 Lead School raises $100 million to become a unicorn 06:30 Refyne raises $82 million 06:53 FPL Technologies raises $75 million 07:36 Curefoods raises $62 million Pine Labs files for confidential IPO in the US: Indian fintech giant Pine Labs, which offers an end-to-end payment solution for merchants, has filed for a ‘confidential’ IPO in the US - planning to raise around $500 million which would value the company anywhere between $5.5 to $7 billion. Unlike traditional IPOs, while filing a confidential IPO – a company does not need to disclose any details or their DRHP to the public until it is approved by the regulatory body. Edtech startups looking to self-regulate the edtech sector: A few weeks back, the Indian government had issued an advisory for parents and students - cautioning them against misselling done by some edtech companies. Amid all this, 15 edtech companies which include some of India’s biggest edtech startups like Byju’s, Unacademy, Vedantu, and upGrad have come together to set up an autonomous body called ‘India EdTech Consortium’ under the Internet and Mobile Association of India (IAMAI). With this, these companies want to create a self-regulatory code for the industry and adhere to a ‘common code of conduct’. GlobalBees acquires three more D2C brands: Thrasio-style D2C house of brands unicorn GlobalBees has acquired three more D2C brands this week - including The Butternut Company (a healthy snacks brand), Mush (a sustainable clothing brand) and Strauss (a sports and fitness equipment brand). With these acquisitions, GlobalBees already has 11 brands in their portfolio. The startup plans to acquire more than 100 brands within the next three years - across categories like FMCG, sports, lifestyle and home organisation Lead School raises $100 million to become a unicorn: Edtech startup Lead School, which is focused on providing technology solutions to schools enabling them to conduct online classes via virtual classrooms, has raised $100 million in a round led by GSV Ventures and WestBridge Capital – making them India’s 3rd unicorn this year. Refyne raises $82 million: Early wage access platform Refyne, which allows employees to access their salaries on-demand without waiting for the end of the month, has raised $82 million in a round led by Tiger Global Management. FPL Technologies raises $75 million: Fintech startup FPL Technologies, which operates credit scoring platform OneScore and issues its own credit card called OneCard, has raised $75 million from QED Investors, Janchor Partners, Sequoia Capital India, Matrix Partners and Hummingbird Ventures at a $750 million valuation. Curefoods raises $62 million: Cloud kitchen startup Curefoods has raised $62 million from Iron Pillar, Chiratae Ventures, Sixteenth Street Capital, Accel Partners and Binny Bansal (Flipkart co-founder). Give us a like and subscribe to Backstage with Millionaires if you liked our video. Let us know what you think about this video in the comments below. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn:   / backstagewithmillionaires   Twitter:   / bwmillionaires   Instagram:   / backstagewithmillionaires   Discord:   / discord   #backstagewithmillionaires