EntryIndia
India Startup Funding Update, Nov 23
Updated Nov 23, 2018 03:42 pm
Nov 23, 2018
1. Flipkart-owned PhonePe is in talks with a couple of investors to raise fresh capital up to $1 billion to maintain the lead in payment space, reported LiveMint.
2. Paytm Mall, the e-commerce platform of Paytm, is reportedly in talks to acquire a majority stake in online grocer BigBasket, reported BS.
3. Jakarta-based point-of-sale (POS) provider Moka has acquired Mumbai-based contextual marketing company GetFocus for an undisclosed amount.
4. Gurugram-based agri-tech startup Origo Commodities has raised Rs 80 Cr (US$ 11.11 million) funding from impact investors such as Netherlands-based Oikocredit, Triodos Investment Management, and Caspian SME Impact Fund IV.
5. Delhi-based online skill-based gaming startup 9stacks has closed a Series A round of funding after raising Rs 28 Cr (US$ 3.8 million) led by WaterBridge Ventures.
6. Delhi-based online tea brand Vahdam Teas has raised Rs 16 Cr (US$ 2.2 million) in its third institutional round of fundraising led by existing investor Fireside Ventures.
7. Chinese smartphone maker OPPO is planning to set up its first India research and development (R&D) centre in Hyderabad.
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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