27/02/2020

PhonePe gets INR 427 crore from Singapore based parent company

Walmart-owned Flipkart’s digital payments arm PhonePe has received INR 427 crore cash infusion from its Singapore-based parent company.
27/02/2020

BPCL to set up a rolling fund for start-ups

BPCL Ankur initiative has supported 25 startups so far with a cumulative grant funding of INR 25 crore. Going forward, the grant will be increased.
27/02/2020

Freshworks buys ML & AI provider AnsweriQ

Freshworks has acquired AnsweriQ, a provider of machine learning and artificial intelligence for large enterprises, for an undisclosed amount.
27/02/2020

Eureka AI closes USD 20 million Series B investment round

Eureka, an AI enterprise software platform enabling mobile operators, has closed USD 20 million its Series B fundraising round and the round was co-led by investors from around the world- Aventure insurtech fund managed by Apis Partners, Gobi Partners, the Riyadh TAQNIA Fund and MECVentures.
27/02/2020

Wipro’s consumer care arm bets on male grooming startup LetsShave

Wipro Consumer Care, a unit of Wipro Enterprises, has invested an undisclosed amount in Chandigarh-based male grooming startup LetsShave.
27/02/2020

Serum Institute’s Adar Poonawalla invests in cookie maker Sweetish House Mafia

Cookie maker Sweetish House Mafia has raised INR 12 crore in its pre-Series A round of funding from Adar Poonawalla, CEO at vaccine maker Serum Institute of India.
26/02/2020

Jagaran Microfin raises INR 22 crore from BlueOrchard Finance through NCD issuance

Kolkata-based lender Jagaran Microfin has raised INR 22 crore through in debt financing from Swiss impact investment major BlueOrchard Finance.
26/02/2020

ShareChat Acquihires Elanic To Tap Social Ecommerce

Bengaluru-based vernacular content platform ShareChat, has acquired Bengaluru-based online fashion marketplace Elanic and post the acquisition Elanic’s employees will join ShareChat.
26/02/2020

Kolkata’s iMerit Bags USD 20 Million To Expand Data Annotation Business

Kolkata-based deeptech startup iMerit Technology Services has raised USD 20 Mn in Series B funding round led by the development finance institution CDC Group, which is owned by the UK government.
26/02/2020

Kunal Bahl, Rohit Bansal’s Titan Capital back content platform Pepper

Pepper Content, which runs a content writing and services platform, has raised around INR 2 crore as part of its seed funding from a clutch of investors.
26/02/2020

GGV Capital, Binny Bansal take a shine to gold loan platform Rupeek

Rupeek Fintech, which runs a financial technology startup focussed on gold loans, has raised USD 60 million in funding from a clutch of investors.
25/02/2020

Intuit to buy Credit Karma in a USD 7 billion deal

Intuit announced a deal to buy personal finances rival Credit Karma for USD 7 billion in cash and stock.
25/02/2020

Blume Ventures Closes Fund IIA At USD 41 Million To Invest In Portfolio Startups

Mumbai-based venture capital firm Blume Ventures, announced the final close of its opportunity fund — Fund IIA — at USD 41 Million for follow-on investments.
25/02/2020

RailYatri gets funding from Samsung arm, others for bus ticketing platform

Stelling Technologies, which operates train travel and ticketing platform RailYatri, has raised INR 100 crore in an extended Series B round.
25/02/2020

CDC leads Series B funding in AI-based data labelling startup iMerit

iMerit Technology Services, an information technology startup focussed on data labelling and annotation, has raised USD 20 million in a Series B funding round.
24/02/2020

eCommerce paltform Near.Store raises USD 300,000 seed fund

NearStore, a plug and play ecommerce platform for offline stores has raised USD 300,000 seed funding from Sauce vc, an early stage consumer focused VC fund and other individual investors.
24/02/2020

BharatPe gets USD 75 million from Coatue, Ribbit

Fintech startup BharatPe has raised USD 75 million led by hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital, as it looks to fund its non-banking financial company (NBFC) arm that is awaiting licence approval from the Reserve Bank of India.
24/02/2020

Vogo Is Raising around USD 19 Million Series C Round; Expanding Its ESOPs Pool

Bengaluru-based two-wheeler rental platform Vogo is raising around 19 Million in its Series C funding round led by Financial Investments SPC.
24/02/2020

MSME-focussed Prayaan Capital raises seed funding from Accion Venture Lab

Prayaan Capital, which runs a financial technology startup focussed on lending to micro, small and medium enterprises (MSMEs), has raised around INR 9 crore in a seed funding round and the round was led by Accion Venture Lab, the seed-stage investment arm of Accion International.
21/02/2020

Udemy secures UDS 50 million investment from Benesse Holdings

Benesse Holdings has agreed to invest USD 50 million in Edu-tech platform Udemy and company plans to further invest in markets around the world and will expand its San Francisco headquarters as well as grow its offices in Denver, Colorado; Dublin, Ireland; Gurgaon, India; Sao Paulo, Brazil; and Ankara, Turkey.
20/02/2020

Surge Startup InVideo Bags around INR 18 crore Funding; Rolls Out AI-Powered Video Editor

Video editing and content creation software maker InVideo, has raised around INR 18 crore in a round led by Sequoia Capital India’s early-stage accelerator programme Surge.
20/02/2020

Zvesta Bags INR 39 crore From Hindustan Media To Build Pan-India Presence

Gurugram-based proptech startup Zvesta, has raised INR 39 crore from media company Hindustan Media Ventures.
20/02/2020

Dunzo Raises USD 11 Million From Alteria Capital To Scale Profitable Operations

Bengaluru-based hyperlocal services provider Dunzo has raised USD 11 Million in a debt funding round from Alteria Capital
20/02/2020

Naspers, Meituan-Dianping deliver fresh capital to Swiggy

Food delivery platform Swiggy has raised INR 805 crore in a round of funding led by South African technology conglomerate Naspers and existing investors Hadley Harbour Master Investments and Meituan-Dianping also participated in the round.
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