EntryIndia
India Startup Funding Update, Dec 7
Updated Dec 07, 2018 03:46 pm
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.
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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