Archive News


Swiggy seeks unicorn status, in talks to raise USD 250 million

Online food delivery startup Swiggy is looking to raise USD 250 million, from South African technology conglomerate Naspers, Japanese internet conglomerate SoftBank, billionaire investor Yuri Milner’s DST Global, Chinese firms Tencent, Meituan-Dianping and Alibaba.

Blockchain-based bob listing startup SpringRole Closes USD 1.3 million private funding

SpringRole has closed a USD 1,300,000 private funding from its early investors AlphaBlock Investments, Brock Pierce and Scott Walker’s blockchain investment, consulting firm DNA, Isaac Lee’s BlockWater, and Wavemaker Genesis.

Indian B-school IIMA centre launches USD 25 million fund

Indian Institute of Management Ahmedabad’s (IIMA’s) centre for innovation, incubation, and entrepreneurship (CIIE) launched a USD 25 million ‘Bharat Inclusion Initiative’ that will look to mentor and invest in start-ups in the early stage and seed segment over the next three-four years.

Nykaa closes Series D round at USD 24 million

Beauty e-tailer Nykaa has closed its Series D round of investment at  USD 24 million from ,Hero Group’s chairman Sunil Munjal, the family offices of consumer goods maker Marico’s Harsh Mariwala and private equity investor at Warburg Pincus Dalip Pathak.

SoftBank explores new grounds to invest, to pump USD 3 Billion into Paytm Mall

SoftBank is looking to invest up to USD 3 Billion in Paytm Mall.

Avendus in talks to raise USD 300 million fund for consumer startup investments.

Financial services firm Avendus Capital is in talks with potential investors to raise a USD 300-million consumer sector-focused fund.

Sequoia Capital in talks to invest in ElasticRun

Sequoia Capital to invest in NTex Transportation Services, which owns and operates logistics and distribution platform ElasticRun, the Pune-based startup, which has emerged as one of the hottest prospects in India’s product technology space.

Rairah Corp backs Pune business scion’s fresh produce firm Earth Food

Pune-based agri-tech startup Earth Food has raised around USD 956,000 in a seed funding round from city-based Rairah Corporation.

QSR chain Charcoal Eats raises pre-Series A round from HNIs

Charcoal Eats, a quick service restaurant chain, has raised INR 5 crore  in its pre-Series A round of funding from a clutch of angel investors.

WestBridge leads Series B investment in healthcare data firm Innovaccer

Innovaccer Inc,a Silicon Valley-based healthcare data platform, has raised USD 25 million in a Series B round of funding led by Westbridge Capital.

Toppr Technologies secures USD 2.3 million funding from Alteria Capital

Venture debt firm Alteria Capital has invested INR 15 crore in Toppr Technologies Pvt Ltd, which runs an eponymous learning platform.

IFC proposes up to USD 50million investment in Encore Asset Reconstruction

International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to USD 50 million in Gurgaon-headquartered Encore Asset Reconstruction Company Pvt Ltd (EARC).

Analytics startup ThoughtSpot raises USD145 million in Series D round

ThoughtSpot,a start-up which provides search and artificial intelligence-driven analytics for enterprises has raised USD 145 million in a fresh round of funding led by its existing investors including Lightspeed Ventures, Future Fund, Khosla Ventures,General Catalyst and Sapphire Ventures.

Walmart acquires Flipkart for USD 16 billion, world’s largest ecommerce deal

US retail giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for USD 16 billion,

Amazon India gets INR 2600 crore infusion for marketplace

Amazon India has received a fresh infusion of INR 2,600 crore from its parent company for its marketplace business.

Intel Capital leads Series A investment in conversational AI platform Avaamo

Conversational artificial intelligence platform Avaamo Inc has raised around INR 95 crore in a Series A funding round led by Intel Capital.

Live-video debate app Wishfie gets seed funding

Bengaluru-based Wishfie, has raised an undisclosed amount in a seed round from angel investor Abhishek Singh, CEO of Staffopedia, and Tusker Invests, a New York-based angel network.

Dubai-based Relam Investment to pump USD 250-300 million in India

Dubai-based Relam Investment LLC, a joint-venture between UAE-based Vault Investment and Vietnam-based MIG Holding, has committed to invest USD 250-300 million in India with an initial focus on real estate and technology.

Angels back P2P lending platform PaisaDukan in second seed round

PaisaDukan,com peer-to-peer lending marketplace, has raised USD 225,000 from a group of undisclosed angel investors.

Max Ventures invests INR 250 crore to expand capacity at packaging films unit

Analjit Singh-promoted Max Ventures and Industries has invested INR 250 crore for capacity expansion in its packaging films business unit.

Sequoia-backed B9 beverages raises USD 50 million from Sofina

B9 Beverages that owns and sells the Bira 91 brand of beers has raised USD 50 million in a fresh round of funding from Brussels-based investment firm Sofina.

Lenskart backs US-based reading glasses maker ThinOptics

Eyewear retailer Lenskart Solutions Pvt Ltd has invested USD 500,000 in California, US-based reading glasses manufacturer ThinOptics Inc.

MTR’s seed fund backs children’s snack brand Timios in debut bet

The Timios brand, has raised an undisclosed amount from the seed fund of packaged food company MTR Foods Pvt Ltd.

Lenskart earmarks USD 3 million to invest in ‘eye-tech’ startup

Online eyewear firm Lenskart has earmarked about USD 2-3 million to invest in companies that can help provide affordable eyecare solutions.