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Dec 10, 2018

1. SoftBank to invest about $150-200 million in online retailer of fashion and beauty products, Nykaa, at a valuation that could be in the range of $700-800 million.

2. Food Safety and Standard Authority of India (FSSAI) have found that Zomato has delisted 2,500, Swiggy 4,000, Foodpanda 1,800, UberEats 2,000 partner hotels as they did not have the food safety regulator’s approval.

3. Zomato has claimed to cross 1M orders in a day, also launched Zomato Pickup that allows you pick up ordered food from restaurants across 13 cities.

4. According to a media report, Facebook-owned WhatsApp is planning to allow advertisements to be displayed in the "Status" section of the app. The report also states that ads are coming to WhatsApp for iOS, and the same will happen to WhatsApp for Android as well.

5. ShopClues has launched an ‘International Store’ on its platform that will have products spanning across 117 categories and has partnered with international aggregators to offer apparels, mobile accessories and home décor.

6. Cognizant has let go of about 200 senior employees at the director level and above this year, with a severance payout of three-four months, reported ET.

7. Twitter is looking for a country director to head India

8. Early stage venture capital firm, IDG Ventures India, has rebranded itself to Chiratae Ventures, as part of a broader strategy to move away from the global brand and appeal more to entrepreneurs in India. They also plans to raise a $275-300 million fund under the new brand and will hit the road later this year, reported ET.

9. Metropolitan Stock Exchange of India Limited (MSE) is planning to invest $100 Mn on MSME and startups, with the launch of a robust platform for the development of both equity and debt market segments.

10. Mumbai-based investment management firm, Alpha Capital Advisors, has raised commitments to invest about Rs 1,500 Cr) over the next three-four years in India towards consumer-facing business.

11. Mumbai-based online marketplace for pre-owned cars Truebil has raised close to $1 million in a fresh round of funding, reported VCCircle.

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Dec 7, 2018

1. Global human resources consulting firm Mercer has acquired a Gurugram-based online talent assessment firm, Mettl, for an undisclosed sum.

2. After a security breach in Google+, Alphabet, the parent company, has decided to shut down it over the next 10 months.

3. After launching its operations in UK last week, OYO is planning to enter in Japan. In September, the company has also raised $800 mn and got a commitment of another $200 mn in a round led by SoftBank Vision Fund at a valuation of $5B.

4. Social commerce marketplace Meesho is reportedly in advanced talks to raise $40-50 mn at around $250 mn valuation.

5. WhatsApp said on Tuesday it has built a system that stores payments-related data locally in India, in line with RBI norms.

6. Small business loans provider Aye Finance is looking to raise Rs 250-300 crore in a Series D funding round from new overseas investors, reported DealStreetAsia.

7. Salesforce Ventures, the corporate venture investment arm of US-based technology company Salesforce Inc., is reportedly exploring opportunities in India.

8. Global impact investment firm Social Finance has launched its first two India funds that will each raise $1 billion, to target equity funding for small lenders in priority sectors, namely agriculture, MSME, education, housing, social infrastructure and renewable energy.

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Dec 5, 2018

1. Online logistics solution provider Blackbuck has raised Rs 202 crore in a fresh round from new investor Sequoia Capital with participation from existing investors such as Accel Partners and Sand Capitals.

2. Swedish furniture and home accessories company IKEA plans to invest nearly Rs 3,000 crore (USD 417 million) in the next three years to open three fulfilment centres (packing warehouses) in Mumbai, Bengaluru and Delhi.

3. Food delivery startup FreshMenu is reportedly in early talks with private equity funds to raise nearly $75 mn as part of its Series C fundraise.

4. OYO has inked a Memorandum of Understanding (MoU) with the Government of Uttarakhand, and has committed an investment worth Rs 500 Cr (US$69.4mn) to expand its chain in the region.

5. Flipkart is foraying into insurance segment, partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform.

6. Tech major Qualcomm has announced plans to invest $400M to set up its largest campus outside the US in Hyderabad.

7. Bengaluru-based enterprise networking startup Lavelle Networks Pvt. Ltd, has raised around Rs 2 crore ($270,000) from infotech consulting and software services company ASM Technologies Ltd, reported VCCircle.

8. Greenko Group is back in the running to buy Orange Renewable from Singapore’s AT Capital Group for about $925 million, reported DealStreetAsia.

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

Dec 2, 2018

1. Zomato hits 21 million monthly food orders in India, and claims to be the market leader in the food ordering space in the country.

2. Iron Pillar, a mid-stage-focused venture capital (VC) firm, has made the final close of its $90 million maiden fund, plans to invest in 9-10 deals but with large ticket sizes of about $5-10 million.

3. US-based company Snapchat has hired former Twitter India head Raheel Khursheed to head its India operations.

4. Online car classifieds Cardekho has raised $75 million in Series C round from new as well as existing investors, reported Entrackr.

5. Omidyar Network is looking to invest roughly $250 million in Indian ventures and organizations over the next four-to-five years, reported LiveMint.

6. Fintech startup EarlySalary faced a cyber attack which compromised about 20,000 of its applicants’ data,

7. GO-JEK to hire upto 200 engineers in Bengaluru for key roles across various product verticals including Data Scientists, Full-stack engineers, Data Engineers, Product Managers, UI/UX designers and Backend Engineers to cater to its portfolio of 18 products that has a reported reach of more than 70 million users in Indonesia.

8. Digital payments firm PayPal today announced the launch of its first merchant focused app in India, PayPal for Business, to help small and medium merchants and freelancers conduct domestic and cross border business.

9. Cognizant said it has agreed to buy digital engineering and consulting company Softvision, for an undisclosed sum.

10. Uber plans to strengthen its technology team in Hyderabad and Bengaluru as it looks to drive growth in India.

11. Food-tech firm Innerchef has raised about $1.76 million (Rs 13 crore) in a fresh funding round led by Japanese venture capital firm-cum-accelerator Mistletoe at a valuation of $25 million, reported VCCircle.

12. Gurugram-based edutech platform NeoStencil is in talks with investors to raise $5-7 million by the end of this year, reported ET.

13. Pune-based Ntex Transportation Services Pvt. Ltd, which runs logistics startup ElasticRun, has raised close to Rs 60 crore ($8 million) in a fresh funding round, reported VCCircle.

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

Nov 30, 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 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. 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).

9. Chanda Kochhar, the embattled managing director and chief executive officer of ICICI Bank, resigned on Thursday with immediate effect and current chief operating officer Sandeep Bakhshi will replace her for a five-year term until 2023.

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

Nov 27, 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 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. 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).

9. Chanda Kochhar, the embattled managing director and chief executive officer of ICICI Bank, resigned on Thursday with immediate effect and current chief operating officer Sandeep Bakhshi will replace her for a five-year term until 2023.

 

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

Nov 25, 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 (US$10.4 million) 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 (US$1.4 million).

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.

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

Nov 23, 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 (US$ 11.11 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 (US$ 3.8 million) led by WaterBridge Ventures.

6. Delhi-based online tea brand Vahdam Teas has raised Rs 16 Cr (US$ 2.2 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.

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

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