Archive News


BharatPe raises USD 15.5 million funding from Insight Partners, Sequoia and Beenext

Fintech startup BharatPe has raised INR 106 crore in funding from global venture capital and private equity firm Insight Partners and existing investors, Sequoia and Beenext.

Rel Jio digital buys majority stake in Haptik for INR 700 crore

Reliance Industries (RIL) has acquired a majority stake in Mumbai based Artificial Intelligence-based conversational platform Haptik for INR 700 crore.

SoftBank is said to seek USD15 billion .

The Japanese conglomerate, is in talks with investors to add as much as USD 15 billion more to its already-massive fund.

Indian Angel Network invests more in cataloguing startup Flatpebble

Flatpebble, an artificial intelligence-driven cataloguing platform, has raised a bridge round of funding led by seed-stage investment platform Indian Angel Network (IAN).

Inventus India, IAN Fund back local discovery platform LBB

Iluminar Media Pvt Ltd, which owns and operates curated local discovery and e-commerce platform Little Black Book (LBB), has raised USD 5 million in a Series A round of funding led by investment firms Inventus India and IAN Fund.

Indifi’s Alok Mittal, other angels back hyperlocal delivery platform Baxi Fresh

Three months after pivoting from a bike taxi service to a hyperlocal delivery platform, Gurugram-based Baxi Fresh (earlier Baxi) has raised a bridge funding round from some of its existing angel investors.

Everstone scores one of its best exits as General Atlantic strikes a control deal

Private equity firm Everstone Capital has agreed to exit drug delivery technology company Rubicon Research by selling its controlling stake to US-based PE firm General Atlantic.

Airbnb bets on OYO in Series E round

San Francisco-based home-sharing marketplace Airbnb has invested an undisclosed sum in SoftBank-backed budget hospitality chain OYO.

Zodius Technology Fund invests more in lingerie e-tailer Zivame

Lingerie e-tailer Zivame has raised INR 60 crore in a bridge round of funding.

TPG’s INR 100 crore to take Nykaa’s valuation to INR 5 k crore

Online beauty and skincare retailer Nykaa has raised INR 100 crore in primary capital from TPG Growth.

Mirae Asset leads USD150-million investment round in BigBasket

SuperMarket Grocery Supplies Pvt Ltd, which owns online grocer BigBasket, is raising USD 150 million in a fresh round of funding led by South Korean firm Mirae Asset.

Tomorrow Capital backs interior home design company Bonito

Interior home design company Bonito Designs Pvt Ltd has raised INR 43 crore as part of its pre-Series A funding round  from early-stage strategic investment fund Tomorrow Capital.

China’s BabyTree invests in Omidyar-backed parenting platform Healofy

Vivoiz Healthtech Pvt Ltd, which owns and operates maternity and childcare social networking platform Healofy, has raised USD 8 million  in fresh funding.

PharmEasy and Ascent Health in merger talks

Online drugs retailer PharmEasy and pharmaceutical distribution company Ascent Health and Wellness are in talks for merger.

Paytm raising up to USD 2 billion; valuation may soar to USD 18 billion

Online payments services company Paytm is in the midst of raising USD 2 billion from existing investors SoftBank Vision Fund and Alibaba’s financial affiliate Ant Financial.

Sequoia, Leo Capital invest in MakeMyTrip co-founder’s new venture

Influencer-driven online commerce app Bulbulshop Shopping Network has raised around USD 2 million in funding from a clutch of investors.

Stanza Living secures venture debt from Alteria Capital

Delhi-based student accommodation platform Stanza Living has raised INR 30 crore in venture debt from Alteria Capital

Oyo in talks to acquire China’s Qianyu

Oyo Hotels & Homes is in talks to acquire Qianyu, a midsize hotel brand in China.

Manufacturing services startup Zetwerk raises USD 9 million in Series-A round

Online marketplace for manufacturing services Zetwerk has raised USD 9 million in Series-A funding coled by Accel Partners and Sequoia Capital India.

Milkbasket acquires Veggie India to boost household base

Grocery and milk delivery startup Milkbasket has acquired Noida-based grocery delivery platform Veggie India for an undisclosed amount.

Times Internet leads USD 8 million round in student housing startup OxfordCaps

Student housing startup OxfordCaps has raised USD 8 million in a Series-A funding round led by Times Internet. OxfordCaps will use the money to fuel its growth plans.

Unitus Ventures bets on blockchain startup New Street Technologies

New Street Technologies Pvt Ltd, which builds and operates blockchain-enabled platforms for institutional clients in the financial services segment, has raised USD 2 million in a seed funding round led by impact investment firm Unitus Ventures.

Angels invest in wedding venue startup VenueLook

Online-to-offline venue booking platform VenueLook has raised an undisclosed amount of funding in its pre-Series A round from a clutch of angel investor.

PharmEasy in early funding talks with SoftBank to raise up to USD 100 million

Japan’s SoftBank Group Corp is in early talks to invest close to USD 100 million in online medicine startup PharmEasy.