May 20, 2020

Blockchain company Wachsman opens Singapore office

Fintech
Blockchain
expansion
Wachsman
2 min
Blockchain company Wachsman opens Singapore office
Blockchain firm Wachsman has announced its expansion into Asia, opening in Asia-Pacific headquarters in Singapore
 
The company now has offices in New York, Dublin, and Singapore, and plans to create and fill 20 positions in its latest addition by the end of 2019.
 
“The expansion allows Wachsman to provide Strategic Advisory, Event Management, and Public Relations support to blockchain market leaders and pioneers in Asia, complementing service offerings in North America and Europe”, the company said in a press release.
 
Wachsman wants to build its international client-base to deliver advancement of blockchain technology at a global level, and has thus far represented 120 blockchain-related companies worldwide.
 
“With its long-held reputation as a fintech hotspot, a birthplace of digital innovation, and as a favourable environment for blockchain adoption, Singapore was the clear choice for the next phase of our firm’s global expansion”, said David Wachsman, the company’s CEO.
 
“Asia holds significant influence over the global blockchain industry, particularly at the protocol and development level”.
 
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The company’s press release added that the launch of its Asia-Pacific headquarters is the latest in a series of milestones this year, including a significant expansion of its operations in New York and the announcement of 50 additional jobs at its Dublin office by the end of 2020.
 
Wachsman currently has over 100 employees worldwide.
 
“Singapore is the ideal place to address some of the greatest business challenges faced by blockchain market participants in Asia,” said Michael Chang, managing director for Wachsman’s Strategic Advisory Group.
 
“From founding teams developing their long-term business strategy to new entrants navigating an incredibly complex and thorny landscape, we plan to help the most promising organizations achieve their next stages of growth”.

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Jun 8, 2021

Timeline: India takes unicorn leap with six in five days

India
Unicorns
Startups
tech
Kate Birch
2 min
We chart an historic week in India’s startup tech industry, where from April 5-9 the country achieved six unicorns

We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.

April 5: Meesho

India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.

April 6: CRED

Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.

April 7: API Holdings / Groww

The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.

April 8: ShareChat

New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.

April 9: Gupshup

AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels. 

 

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