Qualcomm Ventures, the investment arm of American chipmaker Qualcomm Inc, aims to back Indian startups in the healthcare, mobility-tech, and financial services space among others under its recently-launched artificial intelligence or AI fund
Zinka Logistics Solutions Pvt Ltd, which operates business-to-business tech-enabled logistics startup Blackbuck, has raised INR 87 crore from existing investors including Sands Capital which led the round and International Finance Corporation, the investment arm of the World Bank.
US-based impact investment firm Gray Matters Capital has invested a total of USD 375,000 in three companies under its edLABS initiative, namely, Delhi-based education financing marketplace GyanDhan, Hyderabad-based English language training organisation Ignis Careers and Cuttack-based social enterprise providing ‘School-in-a-Box’ solution ThinkZone.
Delhi NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women’s fashion brands FabAlley and Indya, has raised INR 60 crore in its Series B round of funding from SAIF Partners
Venture capital firm Lightbox Ventures, which has backed startups such as furniture rental website Furlenco and online kitchen brand Faasos, plans to increase its focus on consumer businesses in 2019, after raising its USD 200 million third fund this year