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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Why have Sequoia, Tiger, SoftBank and more invested $450 million in the Indian startup’s cryptocurrency?
Bengaluru-based Polygon on Tuesday announced that it had raised $450 million in a funding round led by Sequoia Capital India with participation from SoftBank Vision Fund 2, Tiger Global and many other global venture funds and individual investors. These include Bitfinex, the crypto exchange famous for being robbed of $3.6 billion in 2016, and Unacademy, India’s second largest edtech startup.
To put that figure in context, Indian crypto startups in total raised a little more than $900 million over the past five years, according to estimates by Tracxn.
Polygon has over the course of the past couple of years become …
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
Aggressive summer deals are being rolled out to make up for the slump in arrivals; Coinbase is setting up a new tokenization hub, and other updates.
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
