Walmart infuses fresh Capital of $1.2 Bn to increase stake in Flipkart

Walmart has infused fresh $1.2 Bn in its subsidiary firm and India’s homegrown e-commerce giant Flipkart. The fresh capital infusion round has valued Amazon’s India rival at approximately $24.9 Bn. According to reports, clutch of existing investors have also pumped funds in this round but their details have not been disclosed. This is Walmart’s first big…

ByGirish ShettiJuly 14, 20200Comments

Funding News

Group Health Insurance startup Plum raises Seed Funding

Bengaluru based Health Insurance startup, Plum, has raised INR 7 Crores in a seed funding round. Incubate Fund spearheaded the round while the round also participation from Gemba Capital and Tracxn Labs. Clutch of angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin Tse…

ByGirish ShettiJuly 14, 20200Comments

Funding News

Contactless retail tech player Gobbly grabs Seed Funding

Contactless retail tech player Gobbly has scooped up $500,000 in a seed funding round. Sauce.vc, an early stage consumer focused VC firm, spearheaded the round. No other investor participated in the funding round. Based in Gurugram, Gobbly is a mobile enabled contactless retail store that provides fresh produce of fruits and vegetables. The company claims that…

ByGirish ShettiJuly 3, 20200Comments

Funding News

Mitron, TikTok’s alternative in India, raises first VC fund

Please note this is an updated article inclusive of latest updated information India’s homegrown video-sharing app, Mitron, has reportedly raised INR 2 crore from 3 one4 capital and LetsVenture. Angel investor Arun Tadanki led syndicate participated in the round on behalf of LetsVenture. News channel CBNC TV18 first reported this news. LetsVenture has also confirmed the…

ByGirish ShettiJuly 1, 20200Comments

Funding News

Has Treebo settled for lower valuation in latest funding (series D) round

Treebo has reportedly raised fresh funds from existing investors through series D funding round. While this should spell good news for the fund starved budget hotel startup, this good news has come with a spoiler. The Bengaluru based startup has agreed to take a cut in its valuation to pave way for fresh capital infusion,…

ByGirish ShettiJune 27, 20200Comments

Funding News

Fintech startups Slice and Aye Finance raise funds

Fintech and credit startup Slice has scooped up INR 46 crore in a pre-series B round. Japanese investor Gunosy spearheaded the round while Kunal Shah of Cred also participated in the round. American investment firm EMVC, Better Capital and existing investor Das Capital were among other participants. The company said that the latest funding will help…

ByGirish ShettiJune 25, 20200Comments

Funding News

Airtel acquires 10% stake in Mumbai based Lattu Kids

Latest updated information: It has been confirmed that Airtel has acquired 10% stake in Lattu kids India’s telecom giant Airtel has acquired strategic stake in Edtech startup Lattu Kids. The financial details of the deal has not been disclosed and therefore it is not known how much stake has Bharati Airtel acquired in the company. Likewise,…

ByGirish ShettiJune 17, 20200Comments

Funding News

WeWork India receives capital infusion of $100 Mn from Parent firm

WeWork India, the affiliate company of the U.S. based co-working company WeWork, said that it will receive $100 Mn funding from its parent company – WeWork Global. The latest funding will surely come as a huge boost for WeWork India as the global co-working industry tries very hard to grapple with the impact of the…

ByGirish ShettiJune 5, 20200Comments

Funding News

Jio gets Extra Rs 9093.6 Crore from Mubadala Investment

While the world continues to grip with the global pandemic, Reliance Jio has used these adverse times for unlocking the value of its company by selling the stake to foreign entities. Now India’s largest telecom operator has added yet another foreign investor to its list, after signing a funding agreement with Mubadala Investment Company. Mubadala Investment…

ByGirish ShettiJune 5, 20200Comments

Funding News

Anthill Ventures leads $1 Mn funding in Virtual Travel Guide Platform QuaQua

Virtual guide platform QuaQua on Tuesday announced that it has secured $1 Mn funding from Anthill Ventures and other existing investors. This is the first round of institutional investment for the Hyderabad headquartered startup. The company said that it will use the funds for improving its user experience and build an end-to-end AI and content-driven travel…

ByGirish ShettiJune 2, 20200Comments

Funding News

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