Connecting Businesses with Opportunities in India

investing in india

Jan 2, 2019

1. Ola is reportedly finalising a $100 million (about Rs 735 crore) investment from its existing backer Hong Kong-based hedge fund, Steadview Capital, at $5.5-$6.5 billion valuation.

2. Pet Care brand Captain Zack raises $1.5 mn in Pre-Series A led by industrialists Kushal Desai and Chaitanya Desai through their family office.

3. San Francisco and Delhi-based financial research platform Sentieo has raised $19 million (about Rs 140 crore) in its Series A round led by growth equity firm Centana Growth Partners.

4. Fintech lending startup Nira has closed a seed funding round of $ 1 million from angle investors in the United Kingdom and India.

5. SIDBI is now working on an internal model to rate the venture capital firms before investing in them via its flagship Rs 10,000 Cr Fund-of-Funds for Startups (FFS) scheme.

6. Yuvraj Singh’s YouWeCan Ventures Backs Singapore-based virtual reality startup HoloSuit.

7. Byju’s is expected to be valued at $3.5 billion at the close of its ongoing funding round of $200-300M, reported Mint.

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Dec 31, 2018

1. Cyber security firm Lucideus Tech has raised $5 million (over Rs 36 crore) in funding, led by Cisco Chairman Emeritus John Chambers.

2. Edtech startup UpGrad has acquired Gurugram-headquartered job skilling platform AcadView for an undisclosed amount.

3. Online gaming platform GamingMonk has raised Rs 4 crore from Japan-based Incubate Fund, Rajan Anandan, VP, Google India & South East Asia.

4. Alibaba-backed BigBasket may end up raising about $300-400 million as part of the latest funding talks, at $1.5-2 billion valuation, reported LiveMint.

5. Internet first apparel brand TURMS, which sells stain repellent, odour-resistant daily wear has raised Rs 6.3 crore from a clutch of angels.

6. China’s OnePlus set to foray into Indian smart TV market, recently announced the formation of a new division to develop Smart TVs.

7. News Corp-backed realty portal PropTiger forays into global property brokerage market, opens office in Dubai

8. Myntra is expanding its portfolio of private brands with the launch of a plus size apparel brand, Sztori, designed to suit a larger range of body shapes and sizes.

9. Payment solutions firm AGS Transact Technologies Ltd. gets SEBI nod to float an initial public offering (IPO).

10. AuthBridge, India’s leading employee background data intelligence firm steps up to become the largest Indian company in employee screening & verification – acquires Bangalore-based Footprints Collateral Service

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Dec 28, 2018

1. Shikhar Dhawan and his wife Aesha launch their premium home décor brand ‘DaONE Home’

2. SoftBank may lead $120M-$150M funding in Grofers, reported ET.

3. Ibibo founder Ashish Kashyap launches his second venture IndWealth and has raised an estimated $30 million in seed funding from hedge fund Steadview Capital.

4. IBM to acquire software company Red Hat for $34 billion

5. Indians spent over Rs 50,000 crore on Chinese smartphones in FY18, nearly twice what they spent on them in the previous fiscal.

6. Fashion jewellery startup Sukkhi raises $7 million from Carpediem Capital, Duane Park

7. Essel Green-backed ZipGo acquires Pune-based bus aggregator Supreme Trans Concepts in a cash-and-stock deal.

8. Sixth Sense Ventures invests in edutech firm Eupheus Learning

9. Online medical supplies aggregator Medikabazaar has raised $5 million led by Quadria Capital-backed healthcare venture capital fund HealthQuad.

10. Ready-to-drink tea maker Invenmi has raised $150,000 from US-based venture capital firm Austin Seed Ventures.

11. Blue collar ecosystem solutions management firm BetterPlace is looking to raise Rs 100 crore ($13.6 million) in its Series B round of funding, reported ET.

12. Flipkart co-founder Sachin Bansal may invest up to $100m in EV maker Ather Energy, reported LiveMint.

13. NinjaCart, a marketing and delivery platform for agriculture produce, is in advanced talks to raise $20-25 million from existing investor Accel Partners and new investors, reported DealStreetAsia.

14. Workspace Provider IndiQube Enters Mumbai Market, Now Present in 5 Cities Across India

15. Next 10 Ventures Launches First Global EduCreator Incubator in Learning and Education

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Dec 25, 2018

1. Ola-backed Foodpanda has expanded its delivery network to 30 more cities in India, taking its presence to 50 cities across the country, and aims to be in 100 cities by Nov-end.

2. Paytm Payments Bank has appointed veteran banker Satish Kumar Gupta as managing director and CEO.

3. Gurgaon-based health products retailer HealthKart, operated by Bright Lifecare Pvt. Ltd, is raising around $10 million in a fresh funding round from new and existing investors, said a VCCircle report.

4. FirstCry, a retailer of baby products online, is looking to raise at least $100-$150 million from Alibaba and SoftBank, reported LiveMint.

5. Amazon India today announced that it is piloting a new delivery service for smartphones in Delhi NCR region. Under the ‘Faster than Same Day’ delivery service available on select best-selling smartphones, Amazon said it will provide delivery within 3-5 hours.

6. Israel-based global open innovation platform SOSA is in talks with at least three Indian states - Maharashtra, Assam and Goa to set up tech innovation hubs.

7. Bus aggregator Shuttl has secured $1 million from venture debt firm Trifecta Capital.

8. Betaout, a Noida-based customer intelligence and marketing automation platform for e-commerce companies, has been acquired by US-based retail technology marketing firm Bluecore for an undisclosed amount.

9. Delhi-based biotechnology startup Clensta International, has raised an undisclosed amount of seed funding from Indian Angel Network and its maiden VC Fund, IAN Fund.

10. Korean razor company Dorco Ltd made its first investment in India by acquiring 10 per cent stake in Ahmedabad-based grooming startup LetsShave.

11. Healthtech startup Medimetry has raised seed funding of an undisclosed amount from US-based hedge fund BlueSky Capital Management, reported VCCircle.

12. Cyrus Mistry has announced the formation of Mistry Ventures LLP, established with the intention to provide strategic insights and advice to businesses, incubate new ventures and provide seed, early stage and growth capital to startups in India and globally.

13. Wipro has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh.

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Dec 22, 2018

1. Bengaluru now hosts all big five tech firms - Facebook,, Apple, Microsoft and Google, as Facebook is taking up 2.2 lakh sqft office space into the country’s technology capital.

2. Budget hotel chain OYO Rooms, which raised $1 billion from SoftBank and others last month, is entering the long-term housing rental segment. The company’s chief growth officer Kavikrut, is heading this new business called Oyo Living, and it is being rolled out initially in Noida, Gurgaon, Bengaluru, and Pune.

3. Tiger Global has raised $3.75 billion in its latest venture capital fund, dubbed as Tiger Global Private Investment Partners XI, and will now focus on consumer Internet, cloud computing, Industry software as well as direct-to-consumer companies in India, China and the United States.

4. Online fashion platform Myntra has launched an ethnic brand ‘House of Pataudi’ with actor Saif Ali Khan.

5. Paytm had formed a joint venture called ‘PayPay’ corporation in Japan in collaboration with SoftBank and Yahoo Japan, that allows users to store money from a bank account in their “PayPay” wallet and make payments with it.

6. Wealth management app, Cube Wealth has raised $2 million from Singapore-based venture fund Beenext, Japan-based Asuka Holding and 500 Startups.

7. Naspers to lead new $900 mn funding round in food delivery app Swiggy, reported VCCircle.

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Dec 22, 2018

TCL Electorics, Chinese company, building localized (Indian) manufacturing capabilities as part of its long-term strategy under 'Make in India'. With sale growing 120% year-on-year basis in India, TCL's products are now available at 3,000 outlets through more than 30 channel partners.

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Keyphrases: Make in India, Investing in India, Manufacturing in India

Dec 21. 2018

Recently in the second-quarter (July-September) of the financial year 2018-2019, Indian economy grew at a rate of 7.1 per cent in the second quarter (Jul - Sept) of the financial year 2018-2019.

Union Minister Suresh Prabhu has recently said that in about 7 to 8 years, India will become a 5 trillion dollar economy.

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Keyphrases: India economy growing, doing business in India, investing in India, per capita income of India, growing Indian economy, India GDP growth rate

Dec 21, 2018

1. Rebel Foods, owner-operator of internet kitchen brand Faasos, is in talks to raise $100M for its expansion plans.

2. BigBasket closes 3 acquisitions, acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling stake in smart vending machines startup Kwik24.

3. SaaS-focused startup Hiver raises $4 million (Rs 30 crore) in a new round of funding led by venture capital firms Kalaari Capital and Kae Capital.

4. Home-grown conversational chatbot firm Haptik has set its sights on the international market (US, UK and the Asia-Pacific region, including Singapore and Australia), reported ET.

5. Uber is entering the trailer leasing business with the launch a new business, called Powerloop, that's affiliated with Uber Freight, which connects truckers with shippers.

6. Capillary Technologies, which offers customer relationship management software and marketing analytics for retailers, raises funding from Warburg Pincus for China expansion

7. IFC, a member of the World Bank Group, on Friday said that it has launched a $1 billion masala bond programme to fund its investment activities in India. Masala bonds are rupee-denominated borrowings issued overseas.

8. One of the largest cryptocurrency exchanges in India–Zebpay, which shut its operation last month, now has moved to Malta, and now will be providing services to residents of about 20 Europian countries including Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany.

9. Bengaluru-based fashion startup Universal Sportsbiz Pvt. Ltd. (USPL) has raised $13.5 million (Rs 100 crore) in Series E funding round led by existing investor Accel Partners.

10. Digital news platform Asiaville has received angel funding of Rs 15 crore (around $2 million) from a clutch of high net worth individuals and other investors, reported VCCircle.

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Dec 18, 2018

1. Kymco, World's fourth largest electric scooter maker has picked up a significant stake in Twenty Two Motors, a two wheeler start up in India to mark its India foray.

2. Hyperlocal subscription-based delivery startup DailyNinja has acquired Hyderabad-based WakeupBasket in a cash and equity deal.

3. Early-stage investor Ventureast has exited its investment in Hyderabad-based women-focussed content startup Incnut Digital Pvt. Ltd by selling its stake to Tokyo-headquartered consumer internet company Istyle Inc.

4. Steel marketplace Virtual Metalstreet Pvt. Ltd has raised $700,000 from angel investors.

5. Inc is likely to buy an at least 7 percent to 8 percent stake in India’s Future Retail Ltd through an investment arm, CNBC-TV 18 reported.

6. India Business Excellence Fund – III, managed by Motilal Oswal Private Equity, will invest Rs 200 crore in Happy Forgings, an auto ancillary SME company.

7. Online bus ticketing platform Abhibus is in talks with a few venture capital firms to raise around $15 million by divesting some 25% stake, valuing the company at around Rs 450 crore, reported ET.

8. Worxogo, a startup that offers a cognitive artificial intelligence (AI) engine as a software-as-a-service or SaaS application to give personalised performance inputs to employees, has raised ₹16.5 crore from Inventus Capital and Ideaspring Capital in its first round of funding.

9. Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom and DEN Networks.

10. Alten Calsoft Labs, a subsidiary the $2.2-billion French IT firm Alten Group, has acquired Bengaluru-based chip design company Si2Chip.

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Dec 15, 2018

1. Google will soon launch its ‘Shopping’ tab in India, allowing users to search for products to buy and directing them to merchant websites or e-commerce platforms for product listings. Google is talking to e-commerce firms such as Flipkart, Snapdeal and Paytm for partnership.

2. Jack Ma, executive chairman of China's Alibaba Group, plans to open an institute to train thousands of tech entrepreneurs in Indonesia.

3. Nazara Technologies is gearing up to make a slew of acquisitions, particularly in the real money gaming space, across its home market India as well as the African continent.

4. Paytm has set aside Rs 200 crore to promote unified payments interface-based transactions this festive season.

5. TCS is giving offers to 28,000 campus recruits this year, the highest number of offers it has made to freshers in the last three years.

6. Walmart has acquired online lingerie retailer Bare Necessities for an undisclosed amount.

7. Bengaluru-based mobile entertainment company OnMobile Global Limited has said to acquire 100% shares of Sweden-based Appland, in an amount “not exceeding 15M”.

8. Zomato has signed a definitive agreement to raise a primary funding of about $210M from Alibaba-owned digital payment subsidiary Alipay Singapore Holdings Pte Ltd.

9. Amazon has reportedly offered over $400 million for a minority stake in RP-SG’s food and grocery retail chain, Spencer’s Retail.

10. Ranjit Gupta and Murali Subramanian, former CEO and COO, respectively, of global private equity firm Actis LLP’s Ostro Energy Pvt. Ltd, are in talks to initially raise $100 million to establish a renewable energy platform in India, reported DealStreetAsia.

11. Cloudera appoints Vinod Ganesan as India Country Head

12. myGate, a mobile-based security management solution for gated premises, has raised Series A funds of Rs 65 Cr led by existing investor Prime Venture Partners.

13. The Competition Commission of India (CCI) has approved the acquisition of 6.72 per cent shares of ANI Technologies by Lazarus.

14. personalized food recommendation engine, Spoonshot Inc. (formerly Dishq) has acquired Hyderabad-headquartered restaurant analytics startup Brisky

15. Oyo has further expanded its global reach by launching operations in the United Arab Emirates (UAE).

16. Delhi based instant lending startup, RevFin, has raised an undisclosed amount in the seed funding round from a group of angel investors.

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