Archive News


Nestaway to launch incubation programme

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

Dubai investor bets on cross-border e-commerce firm Eunimart

Eunimart Multichannel Pvt Ltd, which operates an artificial intelligence-powered cross-border e-commerce platform, has raised bridge funding from the UAE-based digital services company TMT Connekt.

MMT Head Deep Kalra Joins Dunzo’s Ongoing Series C Funding

MakeMyTrip chief executive Deep Kalra has invested INR 3 Cr (USD 422K) on behalf of Prudent Advisors, in Bengaluru-based errand runner startup Dunzo in its ongoing Series C round.

Oyo in talks to acquire FreshMenu for USD 60 Million

Hospitality chain Oyo Hotels & Homes is in talks to acquire cloud kitchen startup FreshMenu for USD 50-60 million

Entrepreneur First marks first close of global deep-tech fund

Entrepreneur First, which helps individuals build companies from scratch, has marked the first close of its new deep technology-focussed global fund at USD 115 million.

Naukri parent Info Edge invests more in B2B startup Wishbook

Info Edge (India) Ltd, the parent of jobs portal Naukri and real estate website 99acres,com, has invested an additional INR 2 crore in business-to-business startup Wishbook Infoservices Pvt Ltd.

BharatPe in talks to raise Rs 120 cr in series-A round

BharatPe is in the final stages of raising nearly USD 17 million from investors led by Sequoia Capital India in Series-A funding rounds.

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