Archive News


Individual investors back digital sales and marketing startup Benddit

Gurugram-based Benddit Global Business Private Limited, which operates a technology platform to connect sales and marketing experts with companies, has raised USD 250,000 in its seed round of funding from a clutch of undisclosed individuals investors.

SoftBank fulfils its USD 350 million promise made to Delhivery

SoftBank has completed its investment in logistics major Delhivery, having put in about USD 350 million into the Gurgaon-based company, in the process catapulting it into India’s growing list of startups with billion-dollar valuations.

Goldman Sachs to make big-ticket investment in content platform Dailyhunt

Bengaluru-based Versé Innovation Pvt Ltd, which operates local-language content and news aggregator Dailyhunt, is raising USD 173 million in a fresh round of funding from New York-based investment bank Goldman Sachs’ hedge fund.

Delivery Hero buys Zomato’s UAE unit

Zomato Media, which owns and operates the eponymous online food-delivery and restaurant discovery platform, has sold its UAE delivery business to Berlin-based Delivery Hero for USD 172 million.

Gozo Cabs raises funding from Silicon Valley investors

Leading provider for outstation taxi travel Gozo Cabs has raised an undisclosed amount of funding from Silicon Valley investors like Prem Jain and Jayan Ramankutty.

Steadview Capital may make Dream11 India’s first gaming unicorn

Dream11 could soon vault into the unicorn club with Hong Kong-based hedge fund Steadview Capital set to bet more than USD 100 million.

Blume Ventures leads seed funding in agri-focussed platform Jai Kisan

Mumbai-based Greenizon Agritech Consultancy Pvt Ltd, which operates Jai Kisan, a lending platform for the farming community, has raised USD INR 10 crore in a seed round of funding led by Blume Ventures.

Indian grocery delivery startup DailyNinja said to seek up to USD 20 million in funding

Sequoia Capital-backed milk and grocery delivery startup DailyNinja is in early talks to raise USD 18-20 million in fresh funding.

Sequoia may lead up to USD 100 million funding in India’s Razorpay

Online payments startup Razorpay is in advanced discussions with Silicon Valley venture capital firm Sequoia Capital to raise USD 75-100 million in new funding.

Indiagames founder Vishal Gondal backs nCore Games

Bengaluru-based nCore Games has raised an undisclosed amount from Vishal Gondal, founder of wearable devices startup GOQii as well as Indiagames.

Naspers-backed Delivery Hero leads Zomato’s new funding

Online restaurant discovery and food delivery platform Zomato is raising around INR 440 crore in a fresh funding round from a clutch of investors that include Berlin-based Delivery Hero.

Fasoos to raise USD 100 million in new financing round.

The Mumbai-headquartered Rebel Foods, which runs Faasos, is in the process of raising USD 75-100 million from Temasek, Goldman Sachs and Falcon Edge. .

Astarc Ventures invests in former Milestone Capital exec’s startup

HomeCapital, a fintech startup which helps first-time home buyers make down payments, has raised an undisclosed amount in a pre-Series A funding round led by Astarc Ventures.

Xseed Partners, others back ed-tech startup Bulbul

Hyderabad- and US-based Bulbul Inc, which develops learning apps for pre-school kids, has raised USD 500,000 in a fresh round of funding.

Swiggy’s parent puts INR 31 crore in ready-to-cook food co Fingerlix

Online food startup Swiggy’s parent company Bundl Technologies has invested close to INR 31 crore in ready-to-cook food startup Fingerlix

Visa leads funding round in online payment solutions firm BillDesk

Mumbai-based IndiaIdeas,com Ltd, which operates online payment solutions firm BillDesk, has raised USD 85 million in a fresh round that values it at over USD 1 billion, making it the latest unicorn.

HomeLane secures bridge capital from JSW Ventures, Accel and Sequoia

Interior design solutions marketplace HomeLane has raised INR 33 crore in a bridge round from JSW Ventures, Accel and Sequoia Capital

IDFC Parampara backs cybersecurity firm CloudSEK

CloudSEK Info Security, which develops software-as-a-service (SaaS) information security risk management solutions raised USD 490,000 in a fresh funding round from IDFC Parampara Early Stage Opportunities Fund.

IAN invests in AI-based enterprise tech startup Artivatic

Artivatic, owned by Artivatic Data Labs Pvt Ltd, has raised an undisclosed amount from Indian Angel Network (IAN)

Pine Labs is in talks to buy Qwikcilver for over USD 100 mn

Pine Labs, a point-of-sales payments solutions company, is close to acquiring Bengaluru-based digital gift card firm Qwikcilver Solutions for over USD 100 million.

WaterBridge Ventures, others invest in cooking robot maker Nymble Labs

Nymble Labs, the Bengaluru-based startup has raised an undisclosed amount of funding from early-stage venture capital firm WaterBridge Ventures, Flipkart co-founder Binny Bansal and Shanghai-based 01VC.

Tokyo-based Dream Incubator leads Series A round in health-tech firm Niramai

Breast cancer screening startup Niramai Health Analytix  has raised USD 6 million in a Series A round of funding led by Tokyo-headquartered management consulting firm Dream Incubator

Walmart Labs strikes another acqui-hire deal in India

Walmart Labs, the product development arm of US retail giant Walmart, has acqui-hired Bengaluru-based data annotation startup Dataturks.

Nestaway to launch incubation programme

Managed home rental network Nestaway to launch a six-month equity-free incubation programme for Indian startups.