Archive News


Myntra co-founder, PremjiInvest execs invest in apparel brand Turms

Bigphi Technologies Pvt Ltd, which sells apparel under the brand Turms, has raised USD 285,000 in fresh funding from angel investors.

Japan’s FreakOut leads funding for mobile-ad solutions firm SilverPush

Mobile ad re-targeting platform SilverPush, owned by Gurugram-based SilverEdge Technologies Pvt Ltd, has raised USD 5 million in a Series B funding round led by Japanese marketing technology company FreakOut Holdings, Inc.

Angel investor Dhianu Das floats proprietary seed fund

Angel investor and serial entrepreneur Dhianu Das has launched a INR 100 crore proprietary fund.

Ola bags USD 92-million cheque from Flipkart co-founder Sachin Bansal

Flipkart co-founder Sachin Bansal has invested INR 650 crore in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola.

Singapore-based BIGO announces USD100 million investment in India

Singapore-based social media platform BIGO Technology is plannning an investment of over USD 100 million to expand its business in India in the next three years.

PayU is in talks to invest USD 150 million in CapFloat

Global fintech major PayU is in advanced discussions to invest USD 100-150 million in Bengaluru-based CapFloat Financial Services.

SAIF Partners leads Rs 90-cr series-B round in Ziploan

Fintech lending platform Ziploan, which provides micro-loans of up to INR 5 lakh to small and medium enterprises (SMEs), has raised INR 90 crore in its Series-B funding led by venture capital firm SAIF Partners.

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.