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Jan 18, 2018

1. Discovery and rewards platform Magicpin, has raised about $20 million (Rs 141 crore) from investors led by Lightspeed Venture Partners US, at an estimated $100 million valuation.

2. Entertainment ticketing portal BookMyShow has joined Grab's growth stage accelerator program Grab Ventures Velocity to accelerate its growth in South East Asia.

3. Wealth management startup CashRich has raised $1M in equity funding from three UK-based angel investors.

4. Financial services provider Allianz has partnered with ESR Group to establish a logistics investment platform in India, with an immediate equity commitment of $225 million.

5. Strides Pharma Science Ltd's board has approved an investment of $15 million in Stelis Biopharma Pvt Ltd (Stelis), as part of the latter’s $100-million Series B funding round.

6. Roposo, a social platform for sharing photos and videos, has raised Rs 12 crore in a fresh round of funding from Bertelsmann India Investments, reports TechCircle.

7. Job portal Naukri parent has invested Rs 3 crore more in business-to-business footwear firm ShoeKonnect, raising its holding from 20% to 27.27%, as showed in a BSE filing.

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Jan 14, 2019

1. Healthcare startup Cure.fit is boosting its mental wellness business Mind.fit with the acquisition of Bengaluru-based mental health platform Seraniti.

2. Mumbai-based industrialist Akshaypat Singhania, is stepping into the startup space, allocating Rs 100 crore towards backing early-stage ventures.

3. Signzy, which provides digital onboarding solution for financial institutions, has secured Rs 24 crore from a clutch of investors led by Stellaris Venture Partners and Kalaari Capital to fuel its expansion plans.

4. Xiaomi has opened more than 500 Mi Stores across villages in India by October 29.

5. Jungle Ventures, Softbank’s DeepCore invest $29.5 mn in software marketplace Engineer.ai

6. Aye Finance, a Gurgaon-based digital lending startup for small and medium businesses, has raised ₹70 crore in debt funding from social impact fund BlueOrchard.

7. BigBasket is expecting 40% of its projected revenue to come in from its private labels.

8. Digital lending app InCred has secured a funding of Rs 300 crore led by founder Bhupinder Singh and its private equity investors like Paragon Partners by Siddharth Parekh.

9. Ola is expanding its operations in the UK with extension of its services in South West England.

10. MakeMyTrip appoints Vipul Prakash as COO

11. Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years

12. Agritech startup CropIn Technology has raised $8 million in its Series B round of funding from Chiratae Ventures and Bill & Melinda Gates Foundation.

13. DeTech Technologies, a Chennai-based robotics start-up, raised $3.3 million in a Series A funding round led by SAIF Partners.

14. Instagram is finally cracking down on fake followers, likes, and comments generated by applications tailored to make accounts appear more popular than they actually are.

15. Fintech & Big Data Technology Platform Goals101 Expands Operations to Qatar, Middle East

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Jan 12, 2019

1. Tata Group begins due diligence to buy Jet Airways from Naresh Goyal

2. On-demand task management app Dunzo is in advanced discussions to raise $25 million (about Rs 183 crore) from investors including Google, reports ET.

3. Ashish Choudhary, EVP and chief business officer of Nokia Networks, may join Apple as its India head.

4. French car ride-sharing app Blablacar had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, and also raised $114 million in funding from investors including SNCF, which will become a shareholder.

5. Alternative financing firm Anicut Capital is looking to raise Rs 1,000 crore for its second and largest fund yet.

6. German business software company SAP has agreed to buy Qualtrics International for $8 billion in cash just before IPO.

7. Tiger Global Management has made its first investment of $3 million in CheckMate.

8. Grocery delivery platform Milkbasket has raised close to $1.37 million (Rs 10 crore) in a fresh round of funding from US-based venture capital firm Mayfield Fund, reports VCCircle.

9. Kolkata-based Monest, a real estate platform that helps consumers search for property agents, share their requirements, and rate them, is in talks to raise Series A round of funding from wealthy individuals and developers, reports VCCircle.

10. DriveU Closes a Mezzanine Round of Rs 7 Cr Led by Stevens Creek Ventures

11. Indian drugmaker Cipla to acquire US-based speciality drugmaker Avenue Therapeutics for as much as $215 million (Rs 1,560 crore).

12. Homegrown private investment firm IndiaNivesh has marked the first close for its maiden turnaround fund, reports VCCircle.

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Jan 11, 2019

1. Chinese e-commerce giant Alibaba settled roughly $9.92 billion in the first hour of its annual Singles' Day on Sunday.

2. Twitter is considering adding an edit feature to its service, co-founder and CEO Jack Dorsey said in a town hall event held at IIT Delhi.

3. PwC India is investing of Rs. 100 Cr towards development of digital solutions.

4. Accenture has acquired US-based Intrigo Systems, which offers SAP-based supply chain solutions, for an undisclosed amount.

5. Early-stage venture capital firm Endiya Partners aims to raise Rs 500 crore for its Fund-II

6. Amazon pumps an additional Rs 220 Cr into Amazon Pay

7. Travel meta search company Ixigo has projected gross transactions of $250 million (about Rs 182 crore) by the end of the current financial year.

8. Zomato suspends its first paid subscription service ‘Zomato Treats’, reports Entrackr.

9. Honda Motor is planning to roll out its electric vehicle (EV) in the Indian market by 2023-2024.

10. Malaxmi Group’s Startup Platform The Sedibus has signed MoU with Velagapudi Ramakrishna Sidhhartha Engineering College (VRSEC) to establish their Technology Business Incubator (TBI).

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

Jan 9, 2019

1. Ride-hailing firm Grab lands $50M from Thailand's Kasikornbank to launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.

2. Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, reports Reuters.

3. Used car marketplace Spinny is in talks to raise $10-15 million from Accel Partners and Sequoia Capital, reports DealStreetAsia.

4. Amazon has introduced its audiobooks streaming service – Audible in India.

5. IT services firm Mphasis has acquired Virginia-based cloud technology services company Stelligent Systems LLC in an all-cash deal valued at $25 million.

6. Digital gaming startup Mobile Premier League (MPL) recently closed a $5-million Series A round of funding from angel investors.

7. Singapore-based boutique venture fund RB Investments has invested a little over $1 million for a 28 per cent stake in Jaipur-based meat retail chain operator A&R Bon Vivants which runs a chain of stores under the brand name Let’s Meat.

8. US-based business and financial software company Intuit is looking to tap the growing startup community in India, to expand their business along with the mid-market.

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

Jan 7, 2019

1. Social commerce platform Meesho has raised $50 million in a Series C funding round from Shunwei Capital, DST Partners, RPS Ventures, Sequoia India, SAIF Partners & Venture Highway, for a valuation between $200 million and $250 million.

2. Mumbai based newly licenced bank Fino Payments Bank has been slapped a fine of Rs 1 crore by RBI.

3. Dialysis and kidney care provider NephroPlus has acquired the Rs 50-crore Indian operations of the world’s second largest kidney care provider and US-listed Fortune500 firm DaVita for an undisclosed amount.

4. Engineering solutions provider QuEST Global will be looking at hiring upto 3000 people in India for its digital business over the next two years.

5. Freecharge co-founder Kunal Shah announced his new venture Cred— “a platform to celebrate and reward the most creditworthy people of India.”

6. Walmart invests $37 Mn In Indian Unit to expand its presence in the country.

7. Cross-border venture capital (VC) firm Transit Capital is in talks to raise its debut fund and is targeting a corpus of $50-60 million, reports DealStreetAsia.

8. US-based private equity firm Jaguar Growth Partners plans to launch an Asia-focused fund next year, targeting India, China and other markets.

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

Jan 4, 2019

1. Chinese early and growth stage VC fund Shunwei Capital raises $1.21 Bn in latest global fund, to double down on India

2. Amazon is set to acquire 9.5% stake in Future Retail next week for Rs 2,500 Cr.

3. SoftBank exec Kabir Misra's fund may invest in social commerce company Meesho and insurance provider Acko, reports Mint.

4. Amazon to invest in creating regional content for fast-growing Prime Video

5. KPMG to expand India front, looks to hire 9,000 employees

6. Amazon India logistics arm-Amazon Transportation Services (ATS) has received Rs 122 crore fresh capital from its parent entities Amazon Corporate Holdings and Amazon.com, reports ET.

7. Telangana government has now scheduled the launch of its prototyping centre T-Works for electronics, electromechanical and mechanical startups and individuals by April 2019.

8. Impact investor and advisor Aavishkaar Group is looking to raise $300M for its South Asia-focused fund early next year to invest in Vietnam, Indonesia, Myanmar and Laos among others.

9. Innov8 Cowroking is going operational with four new enters in Nov’18 in Delhi/NCR and Mumbai.

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

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.

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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