Connecting Businesses with Opportunities in India

investing in india

Oct 23, 2018

1. Ola in talks with Naspers to raise $1 billion in next round of funding at $8 billion valuation.

2. Bangalore-based OBOPAY Acquires Accel Partners and Nandan Nilekani-backed Consumer-technology Firm Mubble

3. Unicorn India Ventures Ropes in Federal Bank as Anchor LP for Its Rs 600 Cr Venture Debt Fund

4. Kolkata-based fintech startup Kredent InfoEdge Pvt. Ltd has received its pre-Series A funding from stock market investor Ramesh Damani, and others.

5. IIFL Wealth has agreed to buy Bengaluru-based fintech firm Altiore Capital for Rs 9.2 crore (around $1.2 million at current exchange rates).

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

Oct 22, 2018

VMware’s plan to invest US$2 billion in India between now and 2023. This is part of VMware's gobal expansion strategy, for which India is a key cornerstone, and will be invested in VMware-specific efforts to expand to new offices, increase headcount and further invest in R&D and sales operations. Read More

Keyphrases: doing business in India, investing in India

Oct 21, 2018

1. Swiggy is reportedly in talks to raise $700 million from new investors such as Tencent Holdings Ltd at a valuation of $2.5 billion, to enter new businesses and areas, especially in the hyperlocal delivery space. The company has also launched its services in eight new cities including Dehradun, Puducherry, Mysore, Vijayawada, Nashik, Guwahati, Kanpur and Ludhiana.

2. Digital lending platform Qbera Loans has raised $3 million from E City Ventures, a subsidiary of Essel Group.

3. Private equity and investment advisory firm CVC Capital Partners is acquiring a majority stake in UnitedLex, an enterprise legal services provider to corporations, law firms, and universities.

7. Urban Ladder is set to raise $5.06 million (Rs 36.29 crore at current exchange rates) in a fresh funding round from venture debt firm Trifecta Capital. The company has already received around Rs 16.50 crore ($2.3 million) out of the targeted sum in July, the company's filings with the Registrar of Companies show.

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

Oct 18, 2018

1. Milk and grocery delivery startup DailyNinja gets funding from Matrix Partners India, Sequoia Capital & Saama-Capital

3. Regional language social platform ShareChat has raised Rs 720 crore in a funding round that will boost its valuation to Rs 3,332 crore ($460 million), show documents filed with Registrar of Companies.

4. HRTech startup Leena AI has raised about $2 million seed fund from investors including Elad Gil, Snapdeal founders-Kunal Bahl, Rohit Bansal, Fundersclub, cathexis ventures, and others.

5. Women’s community platform Sheroes has raised an undisclosed amount in funding from venture capital firm Leo Capital and angel investor Anand Chandrasekaran.

6. Adventure trips startup Togedr has raised an undisclosed amount of funding from a group of US & UK-based startups, reported Inc42.

7. OYO is set to shake up Britain’s budget accommodation market with a high-tech franchising and marketing strategy to sign up 300 independent hotels by the end of 2019, reported Reuters.

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

Oct 15, 2018

1. Online home design startup Livspace has secured $70 million in a series-C round led by private equity firm TPG Growth and Goldman Sachs.

2. After expanding aggressively in China, Softbank backed Indian budget hotel brand OYO Hotels forays into London, United Kingdom on Wednesday.

3. Google, which recently rebranded its payment offering from Tez to Google Pay, has 25 million monthly active users who have collectively carried out about 860 million transactions over the past year.

4. Flipkart has pumped Rs 3,463 crore (USD 494 Mn) into main e-commerce unit Flipkart Internet in the first major capital infusion after Walmart bought majority stake in the online platform, reported ET.

5. Medtech Startup Cyclop Raises $1 Mn From Unitus Ventures, Others

6. Digital news and media platform NewsBytes has raised $1 Mn in a Pre-Series A funding round.

7. PE firm Samara Capital and Amazon have signed a deal to acquire food and grocery retail chain More for about Rs 4200 crore enterprise valuation.

8. Myntra plans to open 100 offline stores in the next two years.

Oct 12, 2018

1. Ola has raised $50 million from two new Chinese investors - Sailing Capital and China Eurasian Economic Cooperation Fund at a valuation pegged between $3.7-4.3 billion. After Australia & UK, Ola also announces plans to launch in New Zealand

2. UiPath, the Robotic Process Automation (RPA) software company, has raised $225 million in Series C funding co-led by existing investor CapitalG and new investor Sequoia Capital.

3. Online restaurant Faasos is venturing into Dubai with its multi-brand cloud kitchens

4. Infosys has invested an additional $1.5 million (Rs 10.9 crore) in the US-based TidalScale, doubling it to $3 million in the software services firm.

5. Amazon has plans to sell life, health, and general insurance through its payment arm Amazon Pay, reveals RoC filings with Ministry of Corporate Affairs (MCA).

6. Cognizant buys Advanced Technology Group to expand its Salesforce Cloud consulting capabilities

7. LetsVenture Launches New programme called LetsGrow to Enable Startups to Go from Seed to Series A/B Rounds

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

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