Archive News


Paytm Eyes Growth In Bus Ticketing With Investment In Rajkot Startup Infinity

As digital payments company Paytm strengthens its ecosystem play, the parent company, One97 Communications has announced a strategic investment of an undisclosed amount in Rajkot-based bus ticketing technology solutions provider Infinity Transoft Solutions

Jungle Ventures bets on BookMyShow’s Southeast Asian business

Bigtree Entertainment Singapore Pte Ltd, which owns and operates online ticketing platform BookMyShow SEA, has raised funding from early-stage investor Jungle Ventures

Tiger Global leads Series A funding in B2B materials marketplace Infra.Market

Infra Market, a business-to-business marketplace for real estate and construction materials, has raised USD 20 million in its Series A funding round led by US-based investment firm Tiger Global

Accel raises USD 550 million for new India venture capital fund

Venture capital firm Accel Partners has raised USD 550 million under a new fund to make seed and early-stage investments in Indian startups

SoftBank-backed FirstCry acquires playschool chain Oi

SoftBank-backed FirstCry, which retails products and also operates a social network catering to young parents and babies, is entering the education space by acquiring Oi Playschool in what is the first of its kind deal in a fast consolidating segment.

Binny Bansal puts USD 20 million more in insurance company Acko

Flipkart cofounder Binny Bansal is doubling down on insurance technology startup Acko by pumping in an additional USD 20 million into the company as part of its latest financing round, according to people in the know of the development

Digital Prescription Startup WonDRx Raises Seed Funds From Venture Catalysts

Mumbai-based healthtech startup WonDRx announced that it has raised an undisclosed fund seed funding from Venture Catalysts

Agritech Startup Kamatan Raises INR 30 Crore From Samunnati Agro

New Delhi-based agri logistics and supply chain startup Kamatan Farm Tech has announced a INR 30 Crore equity and debt funding round from Chennai-based Samunnati Agro Solutions

Flyrobe Gets Acquired By Fashion Rental Service Rent It Bae

Fashion rental service, Rent It Bae, owned by AARK World, has acquired its rival Mumbai-based Flyrobe in a part-cash and part-stock deal and the value of the two companies is somewhere around INR 60 Crore post merger

CarDekho Acquires Carmudi Philippines To Expand To Southeast Asia

Jaipur-based CarDekho Group has acquired auto marketplace Carmudi Philippines to expand its services across Southeast Asia

Biotech Startup Zumutor Biologics Rakes In USD 4 Million Fresh Funding

Immuno-oncology startup Zumutor Biologics has raised USD 4 Million in fresh funding from Bharat Innovation Fund and Accel Partners

BlackBuck Bags INR 56 Crore From Trifecta In Mixed Round Of Debt And Equity

Bengaluru-headquartered logistics startup BlackBuck has raised INR 56 Crore in a mixed round of equity and debt funding from Trifecta Venture.

Roots Ventures leads pre-Series A funding in ayurvedic beauty brand Just Herbs

APCOS Naturals, which markets ayurvedic beauty brand Just Herbs, has raised around 11 crore in a pre-Series A funding round led by Roots Ventures

India Quotient, First Cheque take part in seed round in vehicle maintenance startup FirstU

FirstU, a startup providing a subscription-based service for vehicle maintenance, has raised an undisclosed amount of money in a seed funding round from a clutch of investors, including early-stage investors India Quotient and First Cheque

Bajaj Auto backs InMobi co-founder’s e-mobility startup Yulu

Indian motorcycle maker Bajaj Auto has invested USD 8 million in venture capital-backed e-mobility service provider Yulu Bikes, which was started by InMobi co-founder Amit Gupta

Orios Venture Partners bets on startup floated by RentoMojo co-founder

Early-stage venture capital firm Orios Venture Partners has invested INR 5 crore in Gully Network Retail, a technology-enabled chain of small-format kirana stores

Enterprise-tech startup Tookitaki closes Series A funding round at round USD 19 million

Tookitaki, a software-as-a-service (SaaS) firm which develops artificial intelligence-based sustainable compliance solutions for financial institutions, has closed its Series A funding round, raising around USD 19 million

Logistics-tech startup Holisol raises INR 20 crore from BlackSoil Capital

Holisol Logistics, a startup that provides supply chain solutions to original equipment manufacturers (OEMs) and retailers, has raised INR 20 crore in asset financing from the Mumbai-based non-banking financial company BlackSoil Capital

InMobi Group buys video content platform Roposo

Japan’s SoftBank-backed InMobi Group has acquired video content platform Roposo, as it looks to ramp up curated content on its platform Glance in regional Indian languages

Airtel X Labs Strengthens Tech Innovation With Acquihire Of Logistics Startup Quikmile

In its bid to strengthen technology stack, telecommunications company Bharti Airtel, announced acquihire of Gurugram-based logistics startup Quikmile.

Shuttl Gets USD18 Million Series C Boost From SPARX, Toyota Tsusho

Gurugram-based bus aggregator startup Shuttl has raised USD 18 Million in Series C funding and the investment has come in from SPARX Group (through its Mirai Creation Fund II) and Toyota Tsusho Corporation

Just Herbs Raises around INR 11 crore From Roots Venture To Expand Product Offerings

Chandigarh-based luxury ayurvedic beauty startup Just Herbs, has raised around INR 11 crore in Pre-Series A funding led by early-stage and growth-focused VC firm Roots Ventures

Mosaic Wellness Bags USD 10 Million Funding Ahead Of 2020 Launch

Consumer goods brand Mosaic Wellness has raised USD 10 Million in its maiden funding round led by SAIF Partners, Sequoia Capital and Matrix Partners

Paytm gets USD 1 billion topup in latest financing round

Digital payments company Paytm has raised USD 1 billion in a financing round led by US asset manager T Rowe Price with existing investors Ant Financial and SoftBank Vision Fund also participating