India Startup Funding Update, Oct 6
Oct 6, 2018
1. Droom Technology has raised $30 million (about Rs 221 crore) in series E round, led by the family office of Joe Hirao, founder of ZigExN, the Tokyo-headquartered company.
2. SoftBank Vision Fund is in talks to invest $200-250 million (Rs 1,470-1,837 crore) in ecommerce-focused logistics player Delhivery, at a post-money valuation of around $1.2 Bn, according to media reports.
3. Blume Ventures has made the first close of its third fund at $40 million, having reached half of the total fund corpus of $80 million.
4. Online dating app Bumble is expanding to India by the end of this year and has roped in actor Priyanka Chopra as "partner, advisor, and investor".
5. Homegrown private equity fund Gaja Capital has acquired a significant minority stake in sports education and training company KOOH Sports in a deal worth Rs 75 crore ($10 million), reported ET.
6. Amazon continues to pump capital into its payments arm Amazon Pay, adding Rs 590 crore (USD 84.2 Million) in the latest infusion.
7. Venture debt firm Alteria Capital has made the second close of its maiden Alteria Capital India Fund I with commitments of more than Rs 625 crore (USD 89.2 Million). The development comes close on the heels of the fund’s fifth investment deal in scooter rental platform Vogo.
8. Future Enterprises (formerly Future Retail Limited) has acquired 54.98% stake in Mumbai-base digital payments startup LivQuik for $2.71M (Rs 20 Cr).
Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India