Archive News

13/02/2019

Nandan Nilekani-backed ShopX acquihires GabbarDeals

Nandan Nilekani-backed ShopX has acquihired Gabbar-Deals, an omnichannel mobile phone retail brand following the acquisition, the 10-member GabbarDeals team has joined ShopX.
13/02/2019

Beenext, 3one4 Capital invest in account automation firm Open

Bengaluru-based Open Financial Technologies Pvt Ltd, which automates collections and payouts for small businesses, has raised INR 32 in a Series A round of funding from Singapore-based venture fund Beenext and early-stage venture firm 3one4 Capital
13/02/2019

Temasek, Sequoia & others invest USD 226 million in fashion startup Zilingo

Southeast Asian fashion startup Zilingo said it has raised USD 226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor.
13/02/2019

Sequoia India leads online investment platform Smallcase’s Series A round

Online investment platform Smallcase Technologies has raised USD 8 million in a Series A round of funding led by venture capital firm Sequoia Capital India.
12/02/2019

Svasti Microfin gets Rs 34 crore

Svasti Microfinance said it has raised INR 34 crore from investors including Nordic Microfinance Initiative (NMI) and Serum Institute of India CEO Adar Poonawalla.
12/02/2019

Tiger Global leads Series A funding in expense manager Fyle

Bengaluru-based expense management startup Fyle Technologies Pvt Ltd has raised INR 30 crore in a Series A funding round led by New York hedge fund and venture-style investor Tiger Global.
11/02/2019

Clutch of European family offices scouting for venture-stage deals in India

Germany-headquartered investment banking group IEG’s joint venture in India is actively scouting for growth-stage investment
11/02/2019

Unicorn India, Karnataka govt’s VC fund back smart-lock maker OpenApp

OpenApp, a startup which makes smart locks for enterprises, has raised at least INRs 8,5 crore in pre-Series A funding from Unicorn India Ventures and the Karnataka government’s venture capital fund KARSEMVEN.
08/02/2019

BigBasket’s pre-money valuation may reach USD 1 billion, eyes fresh funding

Grocery etailer BigBasket is closing a new USD 150-million round that will catapult its pre-money valuation to USD 1 billion.
08/02/2019

Country Delight gets $10m equity funding from Matrix, others

Matrix Partners has led a USD 10-million equity financing round in Gurgaon-based milk producer and distributor Country Delight.
08/02/2019

IFC to invest USD 8 million in Lok Capital-backed Mintifi

International Finance Corporation, the private-sector investment arm of the World Bank, will invest up to USD 8 million in online lending platform Mintifi Pvt Ltd.
08/02/2019

Eight Roads Ventures-backed Specsmakers seeks fresh funding for expansion

Chennai-based eye-care products retail chain Specsmakers Opticians Pvt Ltd, which is backed by Eight Roads Ventures and Fulcrum.
07/02/2019

Warburg Pincus, SAIF put more money in logistics startup Rivigo

Logistics-technology firm Rivigo Services Pvt Ltd has raised around INR 255 crore in a fresh round of funding from existing investors Warburg Pincus and SAIF Partners.
07/02/2019

Silicon Valley VC firms invest more in logistics-tech startup FourKites

FourKites, a logistics-focussed technology startup which operates out of India and the US, has raised USD 50 million in a Series C round of funding from its existing investors.
07/02/2019

Zomato bags INR 284 crore in Series I round

Zomato has raised INR 284 crore in funding from a US investor Glade Brook Capital Partners as part of its ongoing Series-I round.
06/02/2019

New US-based investors infuse fresh capital into Ola

ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, has raised INR 112 crore from a clutch of new foreign investors as part of its ongoing Series J funding round.
06/02/2019

Mumbai Angels, AngelList invest in refurbished goods rental firm Guarented

Guarented, a Bengaluru-based online platform that rents and sells refurbished appliances and furniture, has raised an undisclosed amount in a pre-Series A co-investment round from early-stage investment platform Mumbai Angels Network and investment syndication site AngelList.
06/02/2019

R Systems acquires US-based digital services firm Innovizant

Listed software services firm R Systems International Ltd has acquired US-based digital services company Innovizant LLC for an undisclosed amount.
06/02/2019

SRI Capital invests in camera tech startup Edgetensor

Early-stage venture capital firm SRI Capital has invested an undisclosed amount in Edgetensor, an artificial intelligence (AI) startup that offers software development kits (SDKs) for cameras including those of smartphones with facial-tracking capabilities.
06/02/2019

Samunnati gets debt funding from impact investment firm Symbiotics

Chennai-based non-banking financial company Samunnati Financial Intermediation & Services Pvt Ltd has raised INR 33 crore in debt funding from impact investment firm Symbiotics.
06/02/2019

Kalaari Capital leads funding for GIF-searching platform Gifskey

Hyderabad-based GIF-searching platform Gifskey has raised USD 1 million in a seed round led by Kstart, the seed fund arm of Kalaari Capital.
05/02/2019

Food delivery player Swiggy acquires AI startup Kint.io

Online food delivery start-up Swiggy has made its first acqui-hire in the deep technology space through an AI start-up Kint io for an undisclosed amount.
05/02/2019

India Quotient,back SaaS startup Fleetx

Fleetx io, an intelligent fleet management and predictive analytics platform, has raised an undisclosed amount in a pre-Series A round of funding led by venture capital firm India Quotient
04/02/2019

Matrix Partners invests in hyperlocal news app Awaaz

Video content platform Awaaz has raised an undisclosed amount of funding from Matrix Partners.
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