- Ola Raises $104 Mn From Falcon Edge Capital, Ratan Tata’s RNT Capital Bengaluru-based cab aggregator Ola has further raised $104.4 Mn (INR 670 Cr) in Series I from US-based hedge fund Falcon Edge Capital and Ratan Tata’s RNT Capital, as per recent regulatory filings with the Registrar of Companies. The company has issued 495,526 shares at INR 13,521 per share. The shares issued are ‘fully and compulsorily convertible, cumulative preference shares’. The […]
- Funding Galore: Indian Startup Fundings Of The Week [3 April – 8 April] One of Snapdeal’s crucial investors, Softbank revoked a debt financing offer, as part of a supposed $150 Mn-$200 Mn funding round. Co-investors Kalaari and Nexus have questioned Softbank’s intentions regarding Snapdeal – as Softbank withdrew a term-sheet offering Snapdeal debt financing for a period of three years, suggesting the possible sale of the company. SoftBank […]
- Ola In Talks To Raise $100 Mn From RNT Capital, Falcon Edge Capital Amidst rising protests from drivers in all regions, Ola, run by ANI Technologies Pvt. Ltd has been in talks to raise a $100 Mn funding round. Reportedly, RNT Capital Advisors, a $300 Mn venture fund set up by Tata Sons Chairman Emeritus Ratan Tata,will be leading this round, investing around $60 Mn. The remaining amount will […]
- Ola Raises $500 Mn Series F From Baillie Gifford, Falcon, Tiger, SoftBank & DST Global Ola, mobile app for personal transportation has raised $500 Mn in its Series F funding round. Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global and Didi Kuaidi participated in this round of funding. With the current round, Ola has closed over $1.3 Bn of external funding, of which over $1.2 Bn has been raised […]
- Ola Raises $225 Mn From Falcon Edge Capital & Existing Investors: Report Cab & auto hailing App Ola has reportedly raised around $225 Mn (INR 1,478 Cr.) as a part of its new funding round of $500 Mn, which the company will close shortly. According to documents filed by Ola with the Registrar of Companies (RoC), the funding was led by existing investor Falcon Edge Capital along […]
- Updated: Foxconn To Invest $70 Mn In Refurbished Goods Retailer GreenDust: Report Update: Hitendra in an emailed response said, “As shared in the article, ET is jumping the gun. I have told them clearly that yes, we are in discussions but nothing is final yet. ET has speculated a lot including our conversation with hedge funds” Earlier: After making investment in Gurgaon-based Snapdeal, Taiwanese contract manufacturer Foxconn […]
- Online Classifieds Portal, Quikr, Close To Join The Billion Dollar Club With New $60 Mn Round Mumbai-based online classifieds portal Quikr has completed a new $60 Mn secondary round of funding led by its existing investor, AB Kinnevik along with the new investors including Falcon Edge Capital and Coatue Management. With this round, the company is said to be valued at about $900 Mn, coming close to the billion dollar club […]
- MPoS Startup, Mswipe Raises $25 Mn From Falcon Edge Capital, Meru Capital & Ola Mumbai-based mPoS (mobile point-of-sale) solution provider, Mswipe Technologies has secured $25 Mn (about INR160 Cr) in its Series C round of funding from New York-based hedge fund Falcon Edge Capital, investment firm Meru Capital and ride hailing app, Ola. The round also saw the participation from its existing investors Matrix Partners India, Axis Bank and […]