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Oct 9, 2018

1. Mukesh Ambani-led Reliance is planning to acquire India largest cable operator, Hathway Cable, and Datacom.

2. New Delhi-based B2B transportation solution provider GoBOLT has raised Rs 40 Cr in Series A funding round from impact fund advisory firm Aavishkaar from its Aavishkaar Bharat Fund.

3. California-headquartered company with an office in Bengaluru, Liferay has picked up a controlling stake for in Virginia-based Account-Based Marketing (ABM) business of Triblio.

4. Swiggy, in line with its expansion and growth strategy, is reportedly experimenting with the business-to-business (B2B) segment.

5. Tata Communications today announced that it is acquiring Teleena, a Netherlands based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).

6. OptaCredit Fintech Pvt. Ltd, a lender to salaried borrowers, is in talks to raise $8-10 million in a Series A funding round from new venture capital investors, reported LiveMint.

7. Medical technology start-up SigTuple Technologies Pvt Ltd, which uses artificial intelligence (AI) to aid medical diagnosis, is in talks to raise about $40-50 million in fresh funds in a Series C round, reported LiveMint.

8. Mumbai-based Ipca Laboratories Ltd has acquired an 80% stake in US drug marketing company Bayshore Pharmaceuticals LLC for Rs 75 crore in cash.

9. Mumbai-based enterprise security company Aurionpro Solutions Ltd will acquire a 51% stake in Singapore-based banking technology firm Neo.Bnk Pte Ltd for Rs 10 crore.

10. Kishore Biyani-led Future Enterprises Ltd has agreed to acquire a majority stake in LivQuik Technology (India) Pvt. Ltd, a Mumbai-based startup that operates as QuikWallet.

11. SHAREit appoints Karam Malhotra as CEO for the Indian market

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, entrepreneurship in India

Oct 7, 2018

1. Policybazaar Group Invests $50M into Its Newly Launched Healthcare Venture docprime

2. Flipkart is in talks to buy a stake in Star India's video streaming service Hotstar, reported Mint.

3. Machine learning platform Mate Labs has raised seed funding of $550,000 (Rs 4 crore) led by Omphalos Ventures India LLP.

4. Quikr is in talks to raise between $100 million and $150 million by keeping its record valuation of $1 billion, reported DealStreetAsia.

Keywords: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Oct 6, 2018

1. Droom Technology has raised $30 million (about Rs 221 crore) in series E round, led by the family office of Joe Hirao, founder of ZigExN, the Tokyo-headquartered company.

2. SoftBank Vision Fund is in talks to invest $200-250 million (Rs 1,470-1,837 crore) in ecommerce-focused logistics player Delhivery, at a post-money valuation of around $1.2 Bn, according to media reports.

3. Blume Ventures has made the first close of its third fund at $40 million, having reached half of the total fund corpus of $80 million.

4. Online dating app Bumble is expanding to India by the end of this year and has roped in actor Priyanka Chopra as "partner, advisor, and investor".

5. Homegrown private equity fund Gaja Capital has acquired a significant minority stake in sports education and training company KOOH Sports in a deal worth Rs 75 crore ($10 million), reported ET.

6. Amazon continues to pump capital into its payments arm Amazon Pay, adding Rs 590 crore (USD 84.2 Million) in the latest infusion.

7. Venture debt firm Alteria Capital has made the second close of its maiden Alteria Capital India Fund I with commitments of more than Rs 625 crore (USD 89.2 Million). The development comes close on the heels of the fund’s fifth investment deal in scooter rental platform Vogo.

8. Future Enterprises (formerly Future Retail Limited) has acquired 54.98% stake in Mumbai-base digital payments startup LivQuik for $2.71M (Rs 20 Cr).

 

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Oct 5, 2018

New members of India's Unicorn Club this year:

1. OYO: ~$5 billion (valuation)
2. Byju's: ~$2 billion
3. Paytm Mall: $2 billion
4. Freshworks: $1.5 billion
5. Swiggy: $1.3 billion
6. PolicyBazaar: $1 billion
7. Udaan: $1 billion

Oct 5, 2018

1. Flipkart-owned PhonePe is in talks with a couple of investors to raise fresh capital up to $1 billion to maintain the lead in payment space, reported LiveMint.

2. Paytm Mall, the e-commerce platform of Paytm, is reportedly in talks to acquire a majority stake in online grocer BigBasket, reported BS.

3. Jakarta-based point-of-sale (POS) provider Moka has acquired Mumbai-based contextual marketing company GetFocus for an undisclosed amount.

4. Gurugram-based agri-tech startup Origo Commodities has raised Rs 80 Cr (USD 11.4 Million) funding from impact investors such as Netherlands-based Oikocredit, Triodos Investment Management, and Caspian SME Impact Fund IV.

5. Delhi-based online skill-based gaming startup 9stacks has closed a Series A round of funding after raising Rs 28 Cr (USD 4 Million) led by WaterBridge Ventures.

6. Delhi-based online tea brand Vahdam Teas has raised Rs 16 Cr (USD 2.3 Million) in its third institutional round of fundraising led by existing investor Fireside Ventures.

7. Chinese smartphone maker OPPO is planning to set up its first India research and development (R&D) centre in Hyderabad.

8. Healthful food brand Snackible has raised an undisclosed amount from Mumbai Angels Network and 1Crowd’s angels as well as fund.

9. MP Chief Minister Shivraj Singh Chouhan said that the youths of the State will be provided loan up to Rs 10 lakhs without interest and seed capital for startups.

Keyphrases: Investing in India, fund raising in india, doing business in india, startups in India

Oct 2, 2018

1. Google is expanding its Neighbourly app to five more Indian cities including Ahmedabad, Coimbatore, Mysore, Vizag and Kota. The app was first rolled out to Mumbai and Jaipur.

2. ShiftKarado, a tech-oriented packing and moving company, has raised an additional funding of Rs 5 Crore (USD 700K) from Star WorldWide Group. The funding was received in various rounds, with the final tranche coming in month.

3. Fintech platform Bon has raised $1.1 million (Rs 7.8 crore) in seed funding.

4. E-pharmacy startup Pharmeasy has raised Rs 40 crore (USD 5.7 Million) of debt funding from InnoVen Capital and working capital lines.

5. Gurugram-based multi-brand loyalty management company for retail enterprises, Payback is planning to expand its reach to neighbourhood kirana stores with point of sale (PoS) terminals.

6. Bengaluru-based vernacular knowledge sharing platform Vokal has raised $6.5 Mn in a Series A round of funding from Bengaluru-based venture capital (VC) firm Kalaari Capital.

7. Andhra Pradesh government has launched a mobile app called e-Rythu to reach out to farmer and agriculture marketplaces.

8. Pune-based Rev Snacks Pvt Ltd, the company that sells fruit snacks under the brand Frubites, has raised an undisclosed amount in funding led by the Mumbai Angels Network.

9. Jain Irrigation Systems Ltd has agreed to acquire ET Water Systems Inc., a California, US-based company that offers irrigation technology products

Keywords: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Sept 30, 2018

1. VC firm Unitary Helion has raised funds from US-based early stage Venture Capital firm Menlo Ventures for its $100M fund.

2. Gurugram-based logistics Unicorn Rivigo’s nearly 30 ex-employees have encashed on their stock options in the company, reaping in an estimated $10M.

3. Engineering company Greaves Cotton has entered a definitive agreement to acquire majority stake of 67% in Ratan Tata backed electric vehicle maker Ampere Vehicles for Rs 77 crore.

4. Enterprise mobility and digital transformation solution provider ONGO Framework has acquired digital marketing agency Hockystick Media in an undisclosed cash and equity deal. ONGO Framework has also raised $1 million (about Rs 7 crore) as part of its seed round.

5. Real estate veterans Anuj Puri and Yash Gupta along with CapitalM, the family office of realty developer RMZ Corp, plan to launch a $100M early-stage fund to invest in companies in the expanding property technology (proptech) segment, reported DealStreetAsia.

6. The Chennai Angels (TCA) has announced a Rs 2 Crore investment in Chai Kings, the largest Chai Retail Chain in Chennai.

Keyphrases: Doing Business in India, Investing in India, Make in India, Raising Funds in India

Sept 5, 2018

1. ClearDekho Becomes the First Retail Brand in India to Raise Funds from SOSV-MOX, Asia’s Leading Mobile Accelerator

2. Urban Ladder wants to raise $35-40 million to expand its offline presence, adding stores in Mumbai, Chennai and Pune by January.

3. Swiggy has held discussions with a host of investors to raise $500-700 million, a significant portion of which Tencent wants to contribute. The investment could value Swiggy at $2.5-3 billion, reported ET.

4. Fireside Ventures is on the verge to complete investment of $16 Million in 18 deals from its first fund which it had raised in March with a corpus of $49 Million.

5. Vernacular focused news and entertainment aggregation DailyHunt has raised over $6 million as a part of Series E funding round from New York-based hedge fund Falcon Edge.

6. HappyEasyGo, an online travel agency (OTA) platform, has raised an undisclosed amount in Series A+ round from Korea’s KIP, Samsung, China’s CITIC Capital and other Chinese investors.

7. Amazon today launched Hindi version of its online shopping website for Android mobile (app and web) users.

8. Walmart’s local R&D division acqui-hires micro-app startup Appsfly.io, a startup which develops micro-apps, will come on board.

9. Pune based Persistent Systems had acquired Herald Technologies, a US based healthtech startup for an enterprise valuation of $5.2 mn.

10. Early stage VC firm WaterBridge Ventures has exited its investment in online education startup Unacademy after selling stake to three venture capital firms Sequoia Capital, SAIF Partners and Nexus Venture Partners in the Bengaluru-based startup.

11. On Monday, ETMoney announced that it is shifting its platform to enable investments in zero-commission, direct mutual funds.

12. Ambit Finvest, part of investment bank Ambit Group, has acquired Finmax Credit & Finance, a unit of fintech firm Finmax that finances small and medium enterprises.

Sept 4, 2018

1. Ola is reportedly raising $70M from Chinese investor at $5B valuation

2. An India VC firm Unitary Helion has raised funds from US-based early stage Venture Capital firm Menlo Ventures for its $100M fund.

3. Gurugram (India)-based logistics Unicorn Rivigo’s nearly 30 ex-employees have encashed on their stock options in the company, reaping in an estimated $10M.

4. Engineering company Greaves Cotton has entered a definitive agreement to acquire majority stake of 67% in Ratan Tata backed electric vehicle maker Ampere Vehicles for Rs 77 crore.

5. Enterprise mobility and digital transformation solution provider ONGO Framework has acquired digital marketing agency Hockystick Media in an undisclosed cash and equity deal. ONGO Framework has also raised $1 million (about Rs 7 crore) as part of its seed round.

6. Real estate veterans Anuj Puri and Yash Gupta along with CapitalM, the family office of realty developer RMZ Corp, plan to launch a $100M early-stage fund to invest in companies in the expanding property technology (proptech) segment, reported DealStreetAsia.

7. The Chennai Angels (TCA) has announced a Rs 2 Crore investment in Chai Kings, the largest Chai Retail Chain in Chennai.

Sept 3, 2018

1. Google and Xiaomi are among investors lining up for two-year-old startup Where is my Train?, an app that provides live updates on trains without the use of internet and GPS.

2. Personal device management and after-sale services for electronic gadgets, Servify India has raised $15 million in Series B round led by Iron Pillar.

3. Budget hotel brand from India OYO has launched a membership programme Oyo Wizard.

4. Technology-based logistics startup Wheelseye has raised Rs 7 crore (around $1 million) from early-stage venture capital firm PRIME Venture Partners.

5. Ola has launched Ola Mobility Institute, a policy research and social innovation unit to develop knowledge frameworks that will focus on the intersection of mobility and public good.

6. WholesaleBox, a virtual marketplace for wholesale buying and selling, has raised Rs 15 crore ($2.1 million) across two rounds led by Orios Venture Partners.

7. Amazon is now in talks with Spencer’s Retail to pick up a minority stake in the food and grocery retail chain.

 

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