Fidelity Pumps undisclosed amount of Funding in Nykaa via Secondary Transaction

American asset management giant Fidelity has pumped an undisclosed amount of funding in online beauty and cosmetics marketplace Nykaa. However, this investment has been done through a secondary transaction, resulting in the partial exit for existing investors. What is a Secondary transaction? Secondary shares or transaction takes place when a new investor/s buys the shares…

ByGirish ShettiNovember 26, 20200Comments

Funding News

Business Analytics Platform Magenta Bi raises Angel Funding

Ahmedabad based business analytics platform Magenta BI has raised angel funding worth Rs 60 Lacs from several Angel Investors. Santhosh G, Manoj Agrawal (CFO, HN Safal Group) and Sachin Chaturvedi (Promoter, Prarambh Group) among other angel investors had participated in the round. Magenta Bi's co-founders Vikas Mundhra & Vikalp Somani The two-year-old startup will use the funds…

ByGirish ShettiNovember 25, 20200Comments

Funding News

Goldman Sachs pumps INR 11 Crore in Budget Hotel Fab Hotels

Existing investor and investment giant Goldman Sachs has pumped nearly Rs 11 crore in its portfolio company and budget hotel player Fab Hotels. The latest capital infusion is mostly likely part of the Rs 40 crore fund raising tranche that the company had kick-started earlier this year. Photo of a budget hotel operated by Fab Hotels Last…

ByGirish ShettiNovember 24, 20200Comments

Funding News

Insurance aggregator Turtlemint Fetches $30 Mn in series D round

Insurance aggregator Turtlemint has secured $30 Mn in series D round led by GGV Capital. The round also saw new investors American Mass Ventures, Mass Mutual Ventures and SIG coming on board. Logo of insurance aggregator Turtlemint Clutch of existing investors Sequoia Capital, Blume Ventures, Nexus Venture Partners and Trifecta Capital also took part in the latest…

ByGirish ShettiNovember 18, 20200Comments

Funding News

Full-Stack SME Platform InstaMojo raises undisclosed amount of Funding

SME business enabler InstaMojo has secured undisclosed amount of funding from Gunosy Capital and Japan based Base. This is Bengaluru based startup’s first funding round in 2020, after having raised $7 Mn in series B round in January 2019. The investment marks the first investment by Base in InstaMojo. Widely hailed as the Shopify of Japan,…

ByGirish ShettiNovember 14, 20200Comments

Funding News

Grofers seeking to raise $60 Mn amid Consolidation in Online Grocery Biz

Gurugram based online grocery startup Grofers is seeking to raise fresh funding of worth $60 Mn from its existing investors. Economic Times has reported that Grofers’ largest stake holder SoftBank, which owns more than 40% stake, is planning to invest $30 Mn. Logo of online grocery startup Grofers The remaining $30 Mn will be pumped by other existing…

ByGirish ShettiNovember 13, 20200Comments

Funding News

XpressBees Secures $110 Mn; Senior employees vest ESOPs worth Rs 33 Lakh

E-commerce focused logistic startup XpressBees has raised $110 Mn in series E round. Investcrop, Northwest Venture Partners and Gaja Capital has led this funding round. Image Source: Pixabay Earlier this year the Pune based logistic startup had raised $10 Mn from existing investor and e-commerce giant Alibaba. The company has said that it will utilize the latest capital…

ByGirish ShettiNovember 11, 20200Comments

Funding News

Airtel backed Lattu Kids announces seed funding from Mumbai Angels

Mumbai based Edutech startup Lattu Kids announced on Wednesday that it has received seed funding round from Mumbai Angels. This new fund raising round has come nearly four months after Airtel picked 10% stake in Lattu Kids. The telecom giant had invested in the Mumbai based startup via its Airtel Startup Accelerator Program. Lattu Kids so…

ByGirish ShettiNovember 4, 20200Comments

Funding News

Exclusive: FabHotels raises 11 Cr from Existing Investor Accel India in ongoing series B round

Budget hotel chain startup FabHotels has raised INR 11 Cr from existing investor Accel India. Almost a month back the company had reportedly raised same amount of capital from RB investment. These fresh funding have come at a time when budget hotels are seeking to resurrect their business in the post-lockdown phase. Fab Hotels raises 11…

ByGirish ShettiNovember 3, 20200Comments

Funding News

(Updated) Winzo Games tops up $2 Mn investment from Stephan Pagliuca

Vernacular gaming platform Winzo Games on Friday announced that it has raised $2 Mn fresh investment from American PE investor and Bain Capital’s co-chairman Stephan Pagliuca. However, according to official statement issued by Winzo, Pagliuca has invested through his office Pags group. The statement probably implies that Bain Capital has no role in this investment.…

ByGirish ShettiOctober 30, 20200Comments

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