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Funding Startups in India - An update, March 12


March 12, 2019

1. Global fintech major PayU is in advanced discussions to invest $100-$150 million in Bengaluru-based Capital Float.

2. Ola May Invest About $4.2M In Carpooling Startup sRide

3. Curefit top executive Neeraj Aggarwal joins xto10x as cofounder

4. Fintech lending platform Ziploans has raised Rs 90 crore in its Series B funding led by venture capital firm, SAIF Partners.

5. Chennai-based travel-technology start-up Pickyourtrail has raised Rs 21 crore in a series A-round.

6. Travel tech firm Pickyourtrail raises Rs 21 crore in Series A funding

7. Tech giant Intel buys Hyderabad-based Ineda systems

8. Singapore-based social media platform BIGO Technology has announced an investment of over $100 million to expand its business in India in the next three years.

9. Infibeam Avenues will invest Rs 250 crore to enhance fintech play

10. Girnar Software-owned ecommerce platforms for buying and selling cars, CarDekho.com and Gaadi.com, have added offline and online retail auction model for selling pre-owned cars with the acquihire of a Delhi-based car marketplace, Carbiqi.

11. Vernacular news aggregation platform Dailyhunt is about to close $60 million round from Goldman Sachs venture capital arm Goldman Sachs Investment Partners.

12. Private equity firm General Atlantic (GA) is in talks to sell its entire 20% stake in data analytics company Mu Sigma, reports DealStreetAsia.

13. Cipla Ltd is acquiring an 11.71 per cent stake in health-tech startup Wellthy Therapeutics Pvt. Ltd for Rs 10.5 crore.

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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