FinTech news in Chiratae Ventures category

Oberoi said that people in many markets including the U.S., Australia and Canada still prefer to use SMSs over any third-party offerings, but added that it’s within reach for the startup to quickly adopt WhatsApp or any other instant messaging service onto the platform. Emitrr, founded by Oberoi and his partner Pulkit Gambhir in December 2020, claims that that over 150 local businesses in the U.S. use its platform. Oberoi said that Emitrr has so far built seven to eight different automation models that work over the short messaging service (SMS). Now a young startup, Emitrr, is aiming to bring the benefits of this model to small and local businesses in the U.S.

The publication reported that Menlo Park-based Sequoia is looking at $1.5 billion for a U.S. growth fund focused on later-stage companies and a $750 million fund targeting earlier-stage startups. The storied venture capital firm announced that it was breaking with tradition, abandoning the traditional fund structure and their artificial timelines for returning LP capital.