Archive News


Jumbotail raises INR 90 crore in Series B funding

Jumbotail, an online wholesale marketplace for food and grocery products, has raised INR 90 crore in a Series B round of funding led by Heron Rock, with participation from Capria Fund, BNK Ventures and William Jarvis and existing investors, Nexus Venture Partners and Kalaari Capital.

Venture Catalysts backs SaaS-based customer interaction platform Jumpstart

Startup incubation platform Venture Catalysts has invested an undisclosed sum of money in customer interaction platform Jumpstart.

Rapido in final stages of closing USD 50 million round

Rapido Bikes is in the final stages of closing a $50 million funding round, led by private equity firm WestBridge Capital.

Oyo eyes USD10 billion valuation in new USD1 billion funding round

Oyo Hotels & Homes is in talks for a fresh round of funding, which is likely to see the seven-year-old startup’s valuation hit the USD 10-billion mark.

Industrial IoT platform Syook gets funding from Inflection Point Ventures

Industrial Internet of Things (IIoT) startup Syook has raised an undisclosed amount in funding from Inflection Point Ventures.

Book community platform Vowelor raises pre-Series A funding

Vowelor, a startup that provides a real-time interactive platform for book lovers, has raised INR 1 crore in a pre-Series A funding round led by angel investor Sanjeev Juneja.

Tiger Global, others put USD 15,5 million in OkCredit

OkCredit, a cloud-based digital application provider for micro-merchants, has raised USD 15,5 million, in one of the largest Series-A funding rounds for an Indian startup.

SaaS startup Dockabl secures pre-Series A funding

Employee performance management platform Dockabl has raised $1.26 million (around Rs 8.73 crore at the current exchange rate) in a pre-Series A funding round from Aditya Berlia of the Apeejay Group of Companies and Ritesh Malik of Guerilla Ventures.

Twitter may invest more than USD 50 million in ShareChat

Twitter is likely leading a USD 100 million financing round in local language social networking app ShareChat.

CityFurnish gets USD 5 million from YouTube founder, others

Online furniture and consumer appliances rental company CityFurnish has raised USD 5 million from a clutch of investors in its Series round of equity financing.

Alteria leads INR 25 crore funding in scooter-sharing firm Vogo

Alteria Capital has led a INR 25 crore venture debt round in dockless scooter sharing platform Vogo, the Mumbai-based specialty credit financing firm.

Content firm Pratilipi raises INR 105 crore

Pratilipi, a platform that enables users to read, write and listen to stories in local languages, has raised INR 105 crore, led by China-based Qiming Venture Partners.

General Atlantic leads USD 51 million NoBroker funding

Private equity firm General Atlantic has led a USD 51 million investment round in real estate platform NoBroker, Rocketship,vc, along with existing investors Beenext Ventures and SAIF Partners, also participated in the round.

SoftBank may pump up to USD 500 million in Indian food delivery startup Swiggy

Food delivery startup Swiggy is in advanced talks to raise as much as USD 1 billion from investors, including USD 300-500 million from SoftBank Group.

Mumbai Angels Network backs digital documentation platform Leegality

Digital documentation platform Leegality has raised an undisclosed sum of money in a round led by Mumbai Angels Network.

Jadooz raises INR 1,85 crore in seed funding led by Artha Venture Fund.

Entertainment startup Jadooz Media Solutions has raised INR 1,85 crore of seed funding in a round led by Artha Venture Fund.

Unilever Ventures, others put USD 10,5 million in MilkBasket

Grocery and milk delivery startup Milkbasket has raised USD 10,5 million, led by existing investor Unilever Ventures along with Mayfield India, Kalaari Capital, Blume Ventures.

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.