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Oct 27, 2018

Wharton School of Business is Organizing its 23rd Wharton India Economig Forum (WIEF) on Nov 2nd 2018. Here is the Press Release. For details and registration, click here.

Keyphrases: Doing business in India, Investing in India, Make in India, Manufacturing in India, Business opportunities in India, Investment opportunities in India

Oct 23, 2018

1. Ola in talks with Naspers to raise $1 billion in next round of funding at $8 billion valuation.

2. Bangalore-based OBOPAY Acquires Accel Partners and Nandan Nilekani-backed Consumer-technology Firm Mubble

3. Unicorn India Ventures Ropes in Federal Bank as Anchor LP for Its Rs 600 Cr Venture Debt Fund

4. Kolkata-based fintech startup Kredent InfoEdge Pvt. Ltd has received its pre-Series A funding from stock market investor Ramesh Damani, and others.

5. IIFL Wealth has agreed to buy Bengaluru-based fintech firm Altiore Capital for Rs 9.2 crore (around $1.2 million at current exchange rates).

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Oct 22, 2018

VMware’s plan to invest US$2 billion in India between now and 2023. This is part of VMware's gobal expansion strategy, for which India is a key cornerstone, and will be invested in VMware-specific efforts to expand to new offices, increase headcount and further invest in R&D and sales operations. Read More

Keyphrases: doing business in India, investing in India

Oct 21, 2018

1. Swiggy is reportedly in talks to raise $700 million from new investors such as Tencent Holdings Ltd at a valuation of $2.5 billion, to enter new businesses and areas, especially in the hyperlocal delivery space. The company has also launched its services in eight new cities including Dehradun, Puducherry, Mysore, Vijayawada, Nashik, Guwahati, Kanpur and Ludhiana.

2. Digital lending platform Qbera Loans has raised $3 million from E City Ventures, a subsidiary of Essel Group.

3. Private equity and investment advisory firm CVC Capital Partners is acquiring a majority stake in UnitedLex, an enterprise legal services provider to corporations, law firms, and universities.

7. Urban Ladder is set to raise $5.06 million (Rs 36.29 crore at current exchange rates) in a fresh funding round from venture debt firm Trifecta Capital. The company has already received around Rs 16.50 crore ($2.3 million) out of the targeted sum in July, the company's filings with the Registrar of Companies show.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Oct 18, 2018

1. Milk and grocery delivery startup DailyNinja gets funding from Matrix Partners India, Sequoia Capital & Saama-Capital

3. Regional language social platform ShareChat has raised Rs 720 crore in a funding round that will boost its valuation to Rs 3,332 crore ($460 million), show documents filed with Registrar of Companies.

4. HRTech startup Leena AI has raised about $2 million seed fund from investors including Elad Gil, Snapdeal founders-Kunal Bahl, Rohit Bansal, Fundersclub, cathexis ventures, and others.

5. Women’s community platform Sheroes has raised an undisclosed amount in funding from venture capital firm Leo Capital and angel investor Anand Chandrasekaran.

6. Adventure trips startup Togedr has raised an undisclosed amount of funding from a group of US & UK-based startups, reported Inc42.

7. OYO is set to shake up Britain’s budget accommodation market with a high-tech franchising and marketing strategy to sign up 300 independent hotels by the end of 2019, reported Reuters.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India

Oct 15, 2018

1. Online home design startup Livspace has secured $70 million in a series-C round led by private equity firm TPG Growth and Goldman Sachs.

2. After expanding aggressively in China, Softbank backed Indian budget hotel brand OYO Hotels forays into London, United Kingdom on Wednesday.

3. Google, which recently rebranded its payment offering from Tez to Google Pay, has 25 million monthly active users who have collectively carried out about 860 million transactions over the past year.

4. Flipkart has pumped Rs 3,463 crore (USD 494 Mn) into main e-commerce unit Flipkart Internet in the first major capital infusion after Walmart bought majority stake in the online platform, reported ET.

5. Medtech Startup Cyclop Raises $1 Mn From Unitus Ventures, Others

6. Digital news and media platform NewsBytes has raised $1 Mn in a Pre-Series A funding round.

7. PE firm Samara Capital and Amazon have signed a deal to acquire food and grocery retail chain More for about Rs 4200 crore enterprise valuation.

8. Myntra plans to open 100 offline stores in the next two years.