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Byju’s value at USD 5.4 billion via new USD 25 million round

March 22, 2019

Education technology platform Byju’s has raised USD 25 million from existing backer General Atlantic at  INR 37,000 crore valuation. 

 

Read more - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-value-at-5-4bn-via-new-25m-round/articleshow/68517172.cms

Pine Labs buys gifting startup Qwikcilver for USD 110 million

March 20, 2019

Pine Labs, one of the largest point of sales deploying companies in India, has acquired Bengaluru-based gifting startup Qwikcilver for USD 110 million.

Read more - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/pine-labs-buys-gifting-startup-qwikcilver-for-110m/articleshow/68491164.cms

Cred plans to raise another USD 100 million in new funds

March 20, 2019

Kunal Shah founded Cred is looking to raise USD 75-100 million.

Read more - https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cred-plans-to-raise-another-100-million-in-new-funds/articleshow/68491754.cms

Hyundai Motor, Kia to invest USD 300 million in Ola

March 19, 2019

Ride-hailing company Ola has raised USD 300 million from South Korean automakers Hyundai Motor Co and Kia Motors Corp, as it diversifies its investor base and boosts its war chest to compete with main rival Uber Technologies Inc.

Read more - https://www.vccircle.com/hyundai-motor-kia-to-invest-300-mn-in-ola

Jungle Ventures, Illuminate Financial lead investment in regulatory-tech startup Tookitaki

March 19, 2019

Tookitaki, a software-as-a-service (SaaS) firm which develops artificial intelligence-based sustainable compliance solutions for financial institutions, has raised around INR 54 crore in a Series A round of funding.

Read more - https://www.vccircle.com/jungle-ventures-illuminate-financial-lead-investment-in-regulatory-tech-startup-tookitaki

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