Topic
unicorn
Technology Square Yards Enters Unicorn Club with Rs 900 Crore Fundraise Ahead of IPO
IPO-bound real estate and mortgage platform Square Yards has raised Rs 900 crore in a debt-equity mix, entering the unicorn club. The round was anchored by EAAA Alternatives with Muzinich & Co. participating. The company plans an additional $50-60 million raise next quarter to strengthen its balance sheet, expand markets, and invest in technology before its public listing.
Technology Square Yards turns unicorn with $95 million fundraise, eyes another $50-60 million ahead of IPO
Square Yards, a real estate and mortgage platform, has raised ₹900 crore ($95 million) in a debt-equity round led by EAAA Alternatives and Muzinich & Co., achieving unicorn status. The company plans to raise another $50-60 million in the next quarter ahead of its IPO. In FY26, revenues grew 48% to ₹2,086 crore with EBITDA surging 3.7x to ₹176 crore.
Technology Sarvam AI joins unicorn club with $234 million funding, eyes enterprise AI
India-based AI startup Sarvam has raised $234 million in a funding round led by HCLTech and Bessemer Venture Partners, propelling its valuation to $1.5 billion. The company plans to expand compute infrastructure, hire AI talent, and build an AI-assisted coding platform, while its enterprise AI offerings for voice, document, and agentic AI see growing adoption.
Technology Sarvam AI Raises $234M Led by HCLTech, Becomes India's Newest Unicorn
Sarvam, a Bengaluru-based AI startup, raised $234 million at a $1.5 billion valuation, led by HCLTech, becoming India's newest AI unicorn. The funding supports sovereign AI development with models tailored for Indian languages, deployed across banking, insurance, government, and defense.
Business Indian Entrepreneurs Drive U.S. Unicorn Growth
Indian-origin entrepreneurs are pivotal in the U.S. startup ecosystem, founding 96 unicorns, more than any other immigrant group. This trend challenges the narrative of immigrants taking jobs, highlighting their role in innovation and economic growth.