टैग: Funding News

Grammarly Secures $1B Non-Dilutive Funding to Fuel Growth and Acquisitions

by educatekaroin News, Apps, Business, Funding, TechLeave a Comment on Grammarly Secures $1B Non-Dilutive Funding to Fuel Growth and Acquisitions

Grammarly has landed a $1 billion non-dilutive commitment from General Catalyst’s Customer Value Fund, designed to support sales, marketing, and strategic acquisitions. Instead of equity, Grammarly will repay the capital via a capped share of revenue. The AI productivity firm, now led by ex-Coda CEO Shishir Mehrotra, earns $700M+ annually and continues evolving post its Coda acquisition.

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Snabbit Secures $19M to Accelerate Quick Service Expansion

by educatekaroin News, Apps, Business, India, TechLeave a Comment on Snabbit Secures $19M to Accelerate Quick Service Expansion

Mumbai-based Snabbit has raised $19M in a Series B round led by Lightspeed, bringing its 2024 total to $24.5M. The quick service startup, now active in 10 micro-markets, plans to expand to 200+ in 9 months. Founder Aayush Agarwal cites strong traction in Mumbai and Bengaluru as the driver behind this aggressive growth push.

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