Funding News

Seafood Marketplace Licious Raises $30 Mn in Series E Round

Licious, a Bengaluru based meat and seafood marketplace, has raised $30 million in series E round. Singapore-based Vertex Growth Fund spearheaded the funding round while slew of existing investors also participated in the round. These existing investors included 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund. Vivek Gupta &…

ByGirish ShettiDecember 16, 20190Comments

Funding News

UberEats May Infuse $100-200 Mn in Zomato in a Merger Deal: Report

It is no secret that UberEats India, owned by the US based ride hailing giant, is desperately on a lookout to search for a new buyer to sell off its loss making business. After its negotiation with Swiggy failed earlier this year, UberEats has now turned towards the other incumbent market leader – Zomato. Several…

ByGirish ShettiDecember 16, 20190Comments

Funding News

Paytm Raises Second Funding in Less than a Month Amid Growing Losses

One 97 Communications Ltd, parent company of India’s largest digital payment company Paytm, has secured fresh funding of nearly $650 Mn from slew of existing backers. Some of the prominent existing backers that participated in the funding round are Alipay Singapore E-commerce Private Ltd, SoftBank Vision Fund and T Rowe Price Growth. Alipay has reportedly infused…

ByGirish ShettiDecember 13, 20190Comments

Funding News

Ninjacart Raises Undisclosed Amount from Flipkart and Walmart

Ninjacart got a massive funding boost on Wednesday after Walmart and its subsidiary company as well as India’s homegrown retailer giant announced undisclosed amount of investment in the B2B agritech startup. Earlier this year, it was reported that even Amazon was in talks to infuse funds in the Bengaluru headquartered company. However, the negotiations apparently…

ByGirish ShettiDecember 12, 20190Comments

Funding News

Retailer Digitization Startup M.Panni Raises Series A Funding Round

M.Panni, a startup dedicated to digitizing local retailers, has just raised $5.5 Mn (Rs 39 crore) in series A funding round spearheaded by clutch of investors. According to the press release released by the company, these investors include A C Ventures, Kevin Aluwi, Candy Ventures and Ryu Suliawan. Existing investors like Chirataee Ventures and Blume…

ByGirish ShettiDecember 11, 20190Comments

Funding News

WishADish, one-stop management solution for restaurants, Raises Funds from Angel Investors

WishADish, a one-stop management solution for restaurants, has raised Rs 60 lakh from clutch of unnamed angel investors. These angel investors boost significant experience in wide range of industries such as cosmetics, apparels and real estate, according to press release released by the company. The New Delhi based startup, which is operated by parent firm…

ByGirish ShettiDecember 9, 20190Comments

Funding News

BookMyShow Reports Healthy Spike in Revenue as Losses Narrows Down

BookMyShow has always been hailed as one of those startups that doesn’t live in valuation bubble but has numbers by its side. This was once again validated when the online ticket selling platform announced the numbers for 2018-19 financial results. The latest balance sheet numbers spell good news for the Mumbai based startup, with its…

ByGirish ShettiDecember 9, 20190Comments

Funding News

Co-living startup Zolostays Secures $7 Mn in Latest Round

Co-living startup Zolostays has secured second funding of this year, after raising $7 Mn from Trifecta Capital in a series C round. The startup had earlier raised $30 Mn from plethora of investors like Nexus Venture and Mirae Asset. Nikhil Sikri, Zolostays' co-founder & CEO The $7 Mn fundraising comes amid reports that Zolostays was in advanced…

ByGirish ShettiDecember 5, 20190Comments

Funding News

CCI Gives Green Signal to Hyundai and Kia’s Investment in Ola

The Competition Commission of India (CCI) has brushed aside monopolistic concerns to give an official nod to Hyundai and Kia’s investment in Ola and Ola electric. Following the regulatory approval, both (Ola as well as Ola Electric) has jointly received Rs 2,244 crore from South Korean auto giants. As per the regulatory filings with MCA,…

ByGirish ShettiDecember 4, 20190Comments

Funding News

BookMyShow’s Southeast Asia Business Raises First ever External Funding

BookMyShow’s Southeast Asian (SEA) business, which is operated by Bigtree Entertainment Singapore Pvt Ltd, has raised undisclosed amount of funding from Jungle Ventures. Jungle Ventures is a prominent venture capital firm that specializes in early stage funding. In all probability, the latest funding assumes huge importance as it is for the first time that BookMyShow…

ByGirish ShettiDecember 3, 20190Comments

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