Archive News


Angels back travel-tech startup PickYourTrail in Series A round

PickYourTrail, a travel tech startup that helps travellers plan and book multi-country vacations online, has raised close to USD 3 million in its Series A funding round

Bike rental startup Royal Brothers raises funding

Bike rental brand Royal Brothers, owned by Royalbison Autorentals India Pvt Ltd, said it has raised USD 1 million (Rs 7 crore) in a pre-Series A round from angel investors.

Cipla to acquire stake in VC-backed digital therapeutics startup Wellthy

Cipla Ltd has agreed to acquire stake in health-tech startup Wellthy Therapeutics Pvt Ltd for INR 10 crore.

Infibeam to up fintech play with INR 250-cr investment

Infibeam Avenues is doubling down on its fintech play with an investment of INR 250 crore to build a blockchain-enabled fintech platform.

Zephyr Peacock India leads USD 7.7 million funding round for Shiksha Finance

Private equity fund Zephyr Peacock India Growth Fund has led a INR 55 crore funding round in Shiksha Finance, a Chennai-based education finance company.

Oyo gets USD100 million from China’s ride-hailing giant Didi Chuxing

Chinese ride-hailing giant Didi Chuxing has invested USD 100 million in hospitality chain Oyo Hotels & Homes.

Alteria Capital provides venture debt to logistics-tech startup

Venture debt firm Alteria Capital has invested undisclosed venture debt in a logistics-tech startup.

SAIF Partners backs former ShareChat exec’s hyperlocal news platform

Venture capital and growth-equity investor SAIF Partners has made a seed-stage investment in an online hyperlocal news platform.

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.

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.