German Reinsurance Firm Munich Re may invest in Acko Insurance

German based Munich Re - one of the biggest reinsurance companies in the world - is in the advanced stage to lead $60 – 70 Mn funding round in Acko General Insurance, according to Economic Times (ET). This will be Acko Insurance’s first major funding of 2020. The funding round will value Acko at approximately 500…

ByGirish ShettiJune 2, 20200Comments

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DSG Consumer invests Undisclosed Funding in Supplement brand Nutrova

Early stage venture capital firm, DSG Consumer Partners (DSGCP), has invested undisclosed amount of funding in Axys Nutrition Products Pvt Ltd. Axys Nutrition is essentially a nutraceutical company that develops evidence-based nutrition and nutraceutical products. Based in the financial city of Mumbai, the company manufactures all its products under the brand name ‘Nutrova.’ Nutrova currently focuses…

ByGirish ShettiJune 2, 20200Comments

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AI startup Voicezen raises funds from Bharati Airtel

Telecom giant Bharati Airtel announced on Thursday it has acquired 10% stake in conversational AI startup Voicezen. The financial details of the deal have not been disclosed. This deal has been made under Airtel Startup Accelerator Program, which was started last year. Image Source: Flickr Gurugram headquartered Voicezen essentially leverages the power of machine learning, AI, speech…

ByGirish ShettiMay 22, 20200Comments

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Jio’s Fundraising Spree Continues, mops up Rs 6,598 crore from General Atlantic

Reliance Jio on Sunday announced that it has raised INR 6,598 crore from equity investment firm General Atlantic. The fresh investment values Jio platforms at Rs 4.91 lakh crore on equity basis and Rs 5.16 lakh crore on enterprise basis. Image Credits: Flickr The Trendz Journal The latest round marks Jio’s fourth fundraising deal during the last…

ByGirish ShettiMay 17, 20200Comments

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Vista Equity Partners Acquires 2.32% stake in Reliance Jio

Reliance Industries on Friday said that US based investment firm Vista Equity Partners will be acquiring 2.32 percent equity stake in its telecom arm Reliance Jio. The Texas headquartered investment firm will be shelling out INR 11, 367 crore or $1.5 Bn for a stake in India’s largest telecom company (by subscriber base). The deal will…

ByGirish ShettiMay 8, 20200Comments

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Dailyhunt nabs $35.6 Mn from Media Mogul James Murdoch

Local language news aggregator platform Dailyhunt has secured $35.6 Mn (Rs 267.1 crore) from James Murdoch’s investment arm Lupa India. No other investor participated in the funding round, according to reports. The latest capital infusion is part of the ongoing series G round that allowed Dailyhunt to bag INR 180 crore barely one week ago. Once…

ByGirish ShettiMay 1, 20200Comments

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Vernacular publishing platform Pratilipi raises funds from Tencent

Chinese tech giant Tencent has spearheaded series C round amounting to INR 76 crore in vernacular publishing platform Pratilipi. According to reports, the round is not concluded yet and the company may raise more capital as part of this round in the coming time. Vernacular publishing platform Pratilipi from Tencent & other investors Existing investors Omidyar Network,…

ByGirish ShettiApril 30, 20200Comments

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Nandan Nilekani backed ShopX raises fresh funds

E-commerce technology platform ShopX has secured a funding of INR 10.68 crore from clutch of independent investors. Three investors along with Fung Capital’s MD, his wife and former chairman of Crompton Greaves spearheaded the funding round. Team of Bengaluru based B2B e-commerce company ShopX Following the fresh fund infusion, the Bengaluru headquartered startup has issued total…

ByGirish ShettiApril 29, 20200Comments

Funding News

Amid Lockdown, Flipkart receives internal funding of $62 Mn

E commerce major Flipkart has received internal fund infusion of $62 Mn from its parent company Flipkart Pvt. Ltd. Following this fresh fund infusion, Flipkart’s internal funding via its parent company has now reached almost $2 Bn. E-commerce major Flipkart has received internal funding of $62 Mn. As part of the same round, PhonePe also received $28…

ByGirish ShettiApril 28, 20200Comments

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Paytm Knocks on Microsoft to raise funds

Paytm is holding talks with U.S. based tech giant Microsoft to raise nearly $100 Mn (nearly INR 760 crore) as increasing competition from Google Pay and PhonePe forces the company to pull up its socks. According to Economic Times, which cited unidentified sources, Paytm had started talks with Microsoft last year. Paytm’s CEO and founder Vijay…

ByGirish ShettiApril 27, 20200Comments

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