India Startup Funding Update, Dec 11

4. MobiKwik Acquires Clearfunds, Announces Its Foray in Wealth Management

5. Valuation of Paytm owner One97 Communications may hit $16 billion. The company is in talks with investors from US and China to sell a secondary of existing employees shares and small shareholders like MediaTek, reported ET.

6. Fertility Platform, Elawoman Raises $3M in Series A Funding Led by Chiratae Ventures

7. Investment platform LetsVenture is aiming to attract more angel investors and facilitate more investments in startups by registering as an angel Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (Sebi), which means it can operate as a privately-pooled investment vehicle and collect funds from Indian and foreign investors to invest in startups.

8. Google India to open an online store in November to sell its gadgets

9. Cryptocurrency exchange Unocoin is launching, perhaps country’s first, crypto ATM with more details to be revealed in a week’s time, reported Inc42.

10. FMCG company Procter & Gamble India (P&G India) has announced the launch of a multimillion-dollar fund with an aim to invest in Indian startups and will also focus on collaborative growth strategy.

11. Betterhalf.ai, an artificial intelligence-powered matchmaking platform, has raised seed funding of $500,000 from angel investors

12. Indian Institute of Management, Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and OmniActive Health Technologies founder Sanjaya Mariwala have co-invested an undisclosed amount in agri-tech startup Sattvaponics.

13. European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects Pvt. Ltd, marking its first transaction in the country.

14. Kishore Biyani-led Future Enterprises Ltd on Wednesday acquired a 55% stake in Mumbai-based fintech startup LivQuik Technology (India) Pvt. Ltd, which operates the QuikWallet mobile app.