- Treebo Hotels Makes Its Acquisition Debut With Events High After raising a $34 Mn Series C funding in August last year, Bengaluru-based tech-enabled budget hotel brand Treebo Hotels has made its debut acquisition with online events discovery platform Events High. The deal amount remained undisclosed. According to media report, “The acquisition marks Treebo’s efforts to add to its services, and takes a leaf out of global accommodation […]
- Mumbai Based Blockchain Startup Elemential Raises Funding Led By Matrix Partners Mumbai-based blockchain startup Elemential has successfully raised Seed funding, led by Matrix Partners India. The funding round also saw the participation of Amrish Rau, Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, Eight Innovate, Amit Ranjan, Prashant Malik and other prominent angel investors. This round also marks the formation of AngelList first Syndicate in India which was launched […]
- Matrix Partners India Led $17.2 Mn Funding Round In Online Lending Startup Avail Finance Bengaluru-based online lending platform Avail Finance has raised $17.2 Mn in a Series A funding round led by Matrix Partners. The round is a mix of debt and equity. Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders; Binny Bansal, co-founder & group CEO of Flipkart; Kunal Shah, founder of Freecharge; and Manish Patel, founder and CEO […]
- Khosla Ventures, Matrix Partners And Others Pump $5 Mn Funding In Healthtech Startup DocTalk Mumbai-based DocTalk, a messaging app for doctors and patients, has raised $5 Mn funding in a round led by Silicon Valley-based VC firm Khosla Ventures and Matrix Partners India. This marks the healthtech startup’s first institutional round of funding. The round also saw the participation of Altair Capital, Liquid2 Ventures, YC Partner Paul Buchheit and […]
- Matrix Partners India Backs Agritech Startup Gobasco New-Delhi and Lucknow-based Agritech startup Gobasco has raised an undisclosed amount in its seed funding round from Matrix Partners India. Launched in 2016, Gobasco is led by Vedant Katiyar and Abhishek Sharma. The team is building an AI-powered data-driven supply chain optimisation platform to revolutionise the agriculture industry in India. It carries out real-time data […]
- SME Lending Startup ZipLoan Sweeps $3 Mn Series A Funding From Matrix Partners And Existing Investors Delhi-based SME lending platform, ZipLoan, has raised $3 Mn Series A funding from Matrix Partners India. The round also saw the participation of the fintech startup’s existing investors, including WaterBridge Ventures, Whiteboard Capital and former Capital18 MD, Sarbvir Singh. The company will utilise the newly-secured capital for geographical expansion in non-metro cities. The funds will also […]
- FinTech Firm CreditVidya Raises $5 Mn From Matrix Partners India, Kalaari Capital Mumbai-based fintech startup CreditVidya has raised $5 Mn in a round led by Matrix Partners India. The round also saw participation from existing investor Kalaari Capital. Last year in June 2016, CreditVidya had raised $2 Mn (INR 13.3 Cr) in Series A round of funding led by Kalaari Capital. Commenting on the investment, Vikram Vaidyanathan, […]
- Budget Hotel Chain Treebo Hotels Raises $34 Mn In Series C Funding Bengaluru-based budget hotel chain Treebo Hotels has raised $34 Mn (INR 220 Cr) in its Series C funding round. The investment was led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Matrix Partners India and Bertelsmann India Investments also participated in the round. Treebo Hotels will utilise […]
- Matrix Partners India Back Logistics Platform LoadShare Bengaluru-based logistics startup LoadShare has raised an undisclosed amount of Pre-Series A funding from Matrix Partners India. LoadShare was founded in 2017 by former Myntra executive Raghuram Talluri, along with Tanmoy Karmakar and Rakib Ahmed. It provides a technology platform to logistics companies to form an uninterrupted delivery solution. It works with small logistics players to […]
- Matrix Partners India Backs Edtech Startup Testbook Mumbai-based Edtech startup Testbook has raised an undisclosed amount of Series A funding from Matrix Partners India. Testbook was founded in 2014 by a team of IIT graduates with experience in various fields like teaching, technology, marketing, operations, etc. The founders include Narendra Agrawal, Ashutosh Kumar, Praveen Agrawal, Manoj Munna, Yadvendar Champawat and Abhishek Sagar. […]
- Belong Raises $10 Mn Series B Funding Led By Sequoia Capital India, Launches New Hiring Solution Bengaluru-based recruitment startup Belong has raised $10 Mn in Series B funding led by Sequoia Capital India, with participation from existing investor Matrix Partners India. The newly raised capital will be used to accelerate product development, expand sales and support operations, and hire new talent across engineering, data science, enterprise sales and customer success. With […]
- B2B Commerce Platform OfBusiness Raises $11 Mn From Zodius Capital, Others B2B commerce company OfBusiness has raised about $11 Mn (INR 75 Cr) in a round led by Zodius. Existing investor Matrix Partners also participated in the round. Gurugram-based OfBusiness was founded in 2015 by Asish Mohapatra, Bhuvan Gupta, Chandranshu, Nitin Jain, Ruchi Kalra, and Srinath Ramakkrushnan. It is a business-to-business (B2B) marketplace focussing on product […]