Delhi-based online lending platform ZipLoan has raised an undisclosed amount of seed funding led by GrowX Ventures and other angel investors. The startup will utilize the money to fund technology product, app, and data science capabilities.
Home-grown transportation company Ola is likely to raise up to $500 million in a fresh round of funding led by existing investor SoftBank as it fights out cash-rich rival Uber to win the India market.
High street fashion brand FabAlley has raised INR 13 Crore ($2 million) in a Series-A round led by Mumbai-based India Quotient. The round also saw participation from existing investors including IAN, social entrepreneur Ranjan Sharma and a clutch of angel investors.
Gurgaon-based Deyor Adventures Pvt Ltd, which runs and operates campsite aggregator Deyor Camps, has raised $500,000 in funding from early-stage investment firm Udaan Angel Partners and angle investors such as Nitin Passi, Manickam Mahalingam and Rajesh Arora, and Arkas Industries. The startup claims to have sent 10,000 people for camping during its first quarter of operations, which started in early March.