In an interesting development, Tiger Global has increased its stake in Amazon. The firm bought 2.44 Mn shares of Amazon Inc, taking its total holding in the $90 Bn US ecommerce giant to more than 3.19 Mn shares as of the September quarter. On the other side, personal transportation app, Ola, has raised $500 Mn in its Series F funding round. The funds will be deployed to further accelerate its growth in the Indian market with a focus on building mobility for a billion people.
In total, this week 27 startups have secured more than $610 Mn in funding altogether. (The funding amount is based on the startups that disclosed their funding amounts).
Here’s A Quick Look Into The Startup Fundings Of The Week:
Smytten: Online discovery platform for premium products & services, Smytten, raised $200K in seed round of funding led by Rimpal Chawla and Anuj Srivastava. With this, the startup will focus on products and services in the premium beauty & grooming segment, luxury stays, high-end fitness & wellness services and consumer lifestyle products & services.
ConveGenius: Edutainment startup, ConveGenius, raised about $300K in pre-series A round of funding via Enablers. The raised funding will be utilised for product enhancements and expansion of its technology & content aggregation team.
Hipship: Express delivery service platform, Hipship, raised an undisclosed amount of funding from Inara Capital and Rishi Khiani. The startup plans to use the funds to further strengthen its technology backbone and expand operations across the country.
Goodbox: An app that connects businesses to consumers, raised about $2.5 Mn (INR 16.51 Cr.) in Series A round of funding from Nexus Venture Partners. The startup plans to use the funds to upgrade its technology, expand operations and acquire more merchants.