Archive News


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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Food delivery player Swiggy acquires AI startup

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.

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

Matrix Partners invests in hyperlocal news app Awaaz

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

Accel leads investment in blockchain-based loan facilitator StreamSource

StreamSource, a blockchain marketplace that facilitates unsecured loans, has raised USD 1 million in a seed funding round led by venture capital firm Accel.