- Big Data Startup Qubole Raises $25 Mn From Singtel Innov8, Harmony Partners And Existing Investors Big Data startup Qubole has raised $25 Mn in a funding round led by Singtel Innov8 and Harmony Partners. The round also saw the participation of existing investors Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners. The investment from Singtel Innov8 and Harmony Partners will enable the startup to strengthen […]
- Indian Startup Funding Of The Week [Funding Galore 4-9 Sep] We bring to you the new edition Funding Galore: Indian Startup Funding of the week. This week 14 Indian startups raised about $300 Mn in funding and three acquisitions took place in the Indian startup ecosystem. (The startup funding calculations are based on the startups that disclosed their funding amounts). Making it the biggest Indian […]
- OYO Gets $250 Mn Funding From SoftBank, Hero Enterprise, Others Budget hotel booking marketplace OYO has raised $250 Mn in a Series D funding round led by SoftBank through SoftBank Vision Fund. The round also saw participation from existing investors Sequoia India, Lightspeed Venture Partners and Greenoaks Capital. With this round Hero Enterprise has also joined OYO as a new investor. Commenting on the investment, […]
- Fintech Startup RedCarpet Raises $2.5 Mn Funding From Lightspeed Venture Partners, Others Delhi-based RedCarpet, a student microlending startup has raised $2.5 Mn funding in a round led by Lightspeed Venture Partners. The startup will use the newly raised funds to improve risk evaluation technology, introduce new student-lending features, and expansion of team. A mail sent to Lightspeed did not elicit a response, at the time of publication. RedCarpet […]
- How Do I Feel About the Snap IPO… Given I Didn’t Invest In It? Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” I won’t speak to most of them due to time and also due to the […]
- 10 Years, $2 Bn Transactions, 75K+ Retail Outlets: ItzCash’s Attempt To Make India Financially PHYgital [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the mid-2000s, Internet penetration had just begun in the lower sections of society and mobile adoption was increasing. But, when it came to payments or any kind of […]
- Enterprise Cloud Platform Nutanix Inc’s IPO Pops 130% On Debut, Raises $230 Mn In a first-day jump that hasn’t been since 2014, enterprise cloud platform Nutanix Inc’s shares showed a 130% jump at close of business. It was the best first day pop for a tech startup since Castlight Health Inc. gained 149% in June 2014, and overall the largest since Seres Therapeutics gained 186% in June 2015, […]
- Movers And Shakers Of The Week [18 July – 23 July] Flipkart is seeing more exits of top managers with two executives – Lalit Sarna and Sunil Gopinath also leaving the company. Sarna was the payments product lead for Flipkart while Gopinath was the product lead for the marketplace division. Let’s Have A look At More Exits & Hirings Google’s Sunil Rao Joins Lightspeed Sunil will […]
- How Googler Sunil Rao Wants To Position Lightspeed As One Of The Most Founder Friendly VC Firm In The Ecosystem For Sunil Rao, a Googler who has now joined early-stage venture capital firm Lightspeed Venture Partners as Partner of business services and community, the move is a natural one (currently, Sunil is in a transition phase from Google and will be formally joining Lightspeed in September). Since the last ten years, Sunil has been working […]
- Lightspeed Ventures Invests $3 Mn in Hyperlocal Discovery App Magicpin Gurgaon-based hyperlocal discovery platform, Magicpin, has raised $3 Mn in Series A round of funding from existing investor, Lightspeed Venture Partners. Through Magicpin, users and merchants, in a locality, can discover, interact and transact. It aims to create a social platform to help people connect and discover shops, restaurants or other services around them. It […]
- OYO Rooms Goes International; Launches In Malaysia Branded budget-hotel marketplace OYO Rooms has marked its entry in the Southeast Asian market with the launch in Malaysia. Speaking on the development, Ritesh Agarwal, founder & CEO at OYO Rooms said, “Malaysia is our first port-of-call given the attractive characteristics of the market such as higher-than-average mobile penetration and a large internet population. Unbranded hotel room supply […]
- FoodTech Startup, FreshMenu, Raises $16.5 Mn In Fresh Funding Bangalore-based FreshMenu, an online first restaurant, has raised about $16.5 Mn (INR 110 Cr.) in a funding round led by Zodius Capital and existing investor Lightspeed Venture Partners. In 2015, it had raised $5 Mn in Series A funding from Lightspeed. FreshMenu will use the raised funds to expand its team and growth & strengthening of […]