- Smaaash Entertainment Raises Another $14 Mn Funding From HNIs Sachin Tendulkar-backed virtual reality gaming and entertainment startup Smaaash has raised $14.05 Mn (INR 90 Cr) funding from HNI clients of Avendus Wealth Management Pvt. Ltd, the wealth management arm of financial services firm Avendus Capital. The Mumbai-based startup aims to provide world class sports and immersive experiences to India’s fast-growing gaming population, and the […]
- Indian Startup Funding For the Week [Funding Galore 18-23 Sep] We bring to you the latest edition Funding Galore: Indian Startup Funding of the week. This week 18 Indian startups raised about $213 Mn in funding in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts). Making it the biggest funding of the week, Gurugram-based B2B […]
- SoftBank Raises $93 Bn For Vision Fund; Investment In India May See A Rise Japanese conglomerate Softbank Corp. has announced the first close of its ambitious Vision Fund (SVF) which aims to invest in tech companies globally. As of now, $93 Bn has been poured in, with an aim to raise the corpus to $100 Bn by the end of this year. The Saudi Kingdom’s Public Investment Fund will […]
- Exclusive: PumpKart Secures Funding To Make Buying Water Pumps An Online Affair “In Chandigarh, a one-man retailer was selling water pumps and he decided to take his business online and today he is the largest retailer of water pumps in Maharashtra and Tamil Nadu,” said, Sundar Pichai, September 2015, at ‘Digital India’ dinner Conference, San Jose California. Pichai was referring to K.S. Bhatia, who recently has closed […]
- Fynd Secures $500K In Follow On Series A Funding From Rocketship Mumbai-based ecommerce fashion platform Fynd has raised $500K in a follow-on Series A funding round from Silicon Valley-based Rocketship. Rocketship is an early-stage venture capital fund investing in companies using models built through data science. The firm’s founders, Venky Harinarayan and Anand Rajaraman, previously co-founded Kosmix, a social search and data startup that was acquired […]
- LegalRaasta Raises $5 Mn Series A Funding From Impanix Capital Delhi-based legal tech startup LegalRaasta has raised $5 Mn (INR 32 Cr) in Series A round of funding led by Impanix Capital, said company in a statement. The startup will use the raised funds in building GST compliance software for SMEs, CAs and enterprises. Also, Senior VAT official, RK Jain has joined the company’s Board […]
- PayU Infuses $119 Mn In German Fintech Startup Kredtitech; Aims To Increase Credit Access In Emerging Markets Hamburg-based technology group for digital consumer credit Kreditech has secured $119 Mn (Euro 110 Mn) from global online payment service provider PayU. With this move, PayU has acquired a significant minority stake in Kreditech, joining existing prominent fintech investors including JC Flowers, Varde, Blumberg Capital, HPE, Peter Thiel, Rakuten, and the World Bank’s IFC. Additional […]
- Softbank Likely To Infuse $1.9 Bn In Paytm; Will Value Company At $9 Bn Japan’s SoftBank, led by Masayoshi Son is likely to back Paytm, in what apperas to be one of the biggest deals in the digital ecommerce space. Softbank has already invested $2 Bn in its major stake holding companies like Snapdeal, Ola, Housing, Freecharge, Grofers, and OYO. As reported by ET, Softbank will be investing $1.9 Bn in […]
- Chennai Based Howdy Ventures Raises $1.5 Mn Funding; Launches Events And Social Messaging App HowdyDo! Howdy Ventures Pvt. Ltd, a company based out of Chennai, has raised $1.5 Mn (INR 10 Cr) at a $3 Mn (INR 20 Cr) valuation, from S. Xavier Britto the Chairman of Kerry Indev Logistics, against a 50% equity stake. Britto has been appointed as the Chairman of the Board of Howdy Ventures, along with […]
- Matrix Partners And Times Internet Back Online Pharmacy Startup Myra Bengaluru-based online pharmacy startup Myra has raised an undisclosed amount in extended Series A round of funding from Times Internet and the existing investor Matrix Partners. The deal amount has been speculated to be somewhere around $7Mn – $8 Mn, according to Indiatimes. “Very few companies in India have been as successful in infusing technology […]
- Funding Galore: Indian Startup Fundings Of The Week [17 April – 22 April] Japan’s SoftBank, amidst talks of selling Snapdeal to rival Flipkart, has reportedly been in talks with Paytm to make an investment of $1.5 Bn. The proposed deal is expected to raise Paytm’s valuation to somewhere between $7 Bn-$9 Bn. Also, online food delivery startup Swiggy is in talks with South African Internet and media conglomerate […]
- Healthtech Startup Credihealth Raises $1.5 Mn From Tolaram Inc, Mountain Pine Capital Gurugram-based medical assistance company Credihealth has raised $1.5 Mn in a Pre-Series A funding round from Tolaram Inc., the family office investment arm of Tolaram Group and Mountain Pine Capital. Bala Swaminathan, ex-KPMG Partner and one of the earliest investors in the platform, has invested in this round as well. Sasha Breen of Mountain Pine […]