EntryIndia
India Startup Funding Update, Dec 22
Updated Dec 22, 2018 05:07 pm
Dec 22, 2018
1. Bengaluru now hosts all big five tech firms - Facebook, Amazon.com, Apple, Microsoft and Google, as Facebook is taking up 2.2 lakh sqft office space into the country’s technology capital.
2. Budget hotel chain OYO Rooms, which raised $1 billion from SoftBank and others last month, is entering the long-term housing rental segment. The company’s chief growth officer Kavikrut, is heading this new business called Oyo Living, and it is being rolled out initially in Noida, Gurgaon, Bengaluru, and Pune.
3. Tiger Global has raised $3.75 billion in its latest venture capital fund, dubbed as Tiger Global Private Investment Partners XI, and will now focus on consumer Internet, cloud computing, Industry software as well as direct-to-consumer companies in India, China and the United States.
4. Online fashion platform Myntra has launched an ethnic brand ‘House of Pataudi’ with actor Saif Ali Khan.
5. Paytm had formed a joint venture called ‘PayPay’ corporation in Japan in collaboration with SoftBank and Yahoo Japan, that allows users to store money from a bank account in their “PayPay” wallet and make payments with it.
6. Wealth management app, Cube Wealth has raised $2 million from Singapore-based venture fund Beenext, Japan-based Asuka Holding and 500 Startups.
7. Naspers to lead new $900 mn funding round in food delivery app Swiggy, 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
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