Archive News


China firms look for inroads into India’s P2P lending space

A host of Chinese companies, including WeShare, 9F Group and CashBUS, are exploring investment opportunities in the nascent Indian online lending sector, particularly in the peer-to-peer (P2P) lending segment.

Awfis in talks with ChrysCap for a USD 25 million funding round

Coworking space provider Awfis Space Solutions is in advanced talks to close a USD 25 million funding round led by ChrysCapital.

Tanglin debuts with INR 40 crore in Lifelong Online

Tanglin Venture Partners, a USD 50-million fund floated by former Tiger Global executives Ravi Venkatesh and Edwina Yeo, has invested around INR 40 crore in home appliances brand Lifelong Online.

SAIF Partners bets on startup founded by former members of own investment team

SAIF Partners pumped in INR 10 crore in Airblack Technologies Pvt Ltd as part of the social-travel commerce startup’s seed round of funding.

Equanimity Ventures, GVFL invest in agri-tech startup FreshVnF

Mumbai-based VNF Ideas Pvt Ltd, which operates agri-tech startup FreshVnF, has raised around Rs 14 crore ($2 million) in a funding round led by Equanimity Ventures.

Naukri parent firm Info Edge buys iimjobs

Info Edge (India), the parent company of jobs portal Naukri, has acquired the venture capital-backed Highorbit Careers, which owns and operates jobs site iimjobs, in an all-cash deal for INR 80 crore.

Electric scooter company Ather raises USD 51 million

Ather Energy, Bengaluru-based electric-scooter maker, closed an investment of USD 51 million  in its latest round of funding, led by Flipkart co-founder Sachin Bansal’s ,Hero MotoCorp and InnoVen Capital.

Lenskart set to turn unicorn with likely USD 350 million SoftBank funding

Eyewear retailer Lenskart is in talks with SoftBank Vision Fund to secure USD 350 million in fresh funding, which is likely to value the Delhi-based firm at USD 1,3 billion.

FreshToHome raises INR 76 crore in funding

FreshToHome, an online seller of fresh fish and meat, has raised USD 11 million from a group of investors led by Hong Kong-based CE Ventures to fund its expansion into more cities and strengthen supply chain.

India’s Nexus Venture Partners hits close of fifth fund at targets USD 450 million

Nexus Venture Partners, an early-stage venture capital firm based in India, has made a close of its fifth VC fund of its USD 450-million target.

Tiger Global Management invests USD 5 million in TVF parent

Contagious Online Media, the parent of original video content platform The Viral Fever (TVF), has raised close to USD 5 million in fresh funding from Tiger Global Management.  

Freshworks Buys Natero

Freshworks has acquired Natero, a customer success management software company based out of San Francisco, Freshworks did not reveal financial terms of the acquisition.

Creador invests USD 18 million in iValue InfoSolutions

Private equity firm Creador has picked up a minority stake, through its affiliate Sundara Ltd, in iValue InfoSolutions for INR 125 crore.

Snapdeal inches closer to acquiring ShopClues

Online marketplace Snapdeal is close to buying its nearest rival ShopClues in an all-stock deal

Spinny raises Series A funding from SAIF Partners, Accel

Pre-owned cars platform Spinny has raised about INR 92 crore in its Series A round of funding led by multi-stage investor SAIF Partners and venture capital firm Accel.

Tiger Global in talks to back Kunal Shah’s Cred

New York-based Tiger Global Management is in advanced discussions to back Cred, a fintech company started by serial entrepreneur Kunal Shah, which is raising upto USD 100 million at a USD 400 million valuation.

Former Infosys CEO Vishal Sikka’s AI firm, Vian Systems, raises USD 50 mn

Artificial intelligence startup Vian Systems, set up by former Infosys CEO Vishal Sikka after his acrimonious exit from Infosys, has raised USD 50 million in funding.

Vertex hits target corpus for new India, Southeast Asia VC fund

Vertex Venture Holdings Ltd, an early-stage venture capital firm backed by Singapore’s Temasek Holdings, has raised the targeted corpus of USD 230 million for its new fund focused on Southeast Asia and India.

Eyecare Chain Gets INR 206 crore from Mahindra Partners

Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested INR 206 crore in specialty eyecare chain Centre for Sight

Video game publisher Games2win launches fund targeted at gaming startups

Mobile video games publisher Games2win India Pvt Ltd has launched a fund targeted at startups and entrepreneurs in the gaming sector.

Grofers gets USD 200 million from SoftBank, others to continue fighting BigBasket

Grofers India Pvt Ltd has raised USD 200 million in a new funding round led by SoftBank Vision Fund.

Actor Deepika Padukone bets on yogurt brand Epigamia

Bollywood actress Deepika Padukone has made an undisclosed investment in Drums Food International Pvt Ltd, which sells yogurt under the brand Epigamia.

Blume leads investment in deep-tech startup Ethereal Machines

Ethereal Machines Pvt Ltd, a deep-tech startup focused on the manufacturing industry, has raised USD 1 million in its pre-Series A round of funding.

GREE Ventures hits third fund’s milestone, rebrands as Strive

Japanese venture capital firm GREE Ventures has marked the first close of its third fund that seeks to raise USD 130 million to invest in startups in India.