Uber’s Former Boss Travis Kalanick makes his First Investment in India

Uber’s Co-founder and former CEO Travis Kalanick has made his first ever investment in India’s startup ecosystem. Kalanick’s real estate company City Storage Systems (CSS) was among the several investors in Rebel Food’s recent fundraising of $125 Mn, according to Bloomberg. Travis Kalanick of Uber at LeWeb Paris 2013...Image Source: Adam Tinworth, Flickr This fundraising round had…

ByGirish ShettiSeptember 24, 20190Comments

Funding News

Tiger Global may Pick up Stake in Real Estate Startup NoBroker

PE and hedge fund major Tiger Global may soon end up securing substantial stake in the real estate startup NoBroker. According to reports, Tiger Global along with existing investor General Atlantic are most likely to spearhead $100-130 Mn funding in the online real estate platform. It will be NoBroker’s second funding round of the year if…

ByGirish ShettiSeptember 23, 20190Comments

Funding News

Online Stock Market platform Upstox secures $25 Mn Capital Infusion from Tiger Global

Economic slowdown may be currently taking toll on the Indian stock market but this hasn’t stopped the PE major Tiger Global from investing in the online stock broking startup Upstox. The global hedge fund giant has invested $25 Mn in the Mumbai headquartered startup, which last raised funds in 2016. Images Source: Lorenzo Cafaro, Pixabay Ravi Kumar,…

ByGirish ShettiSeptember 19, 20190Comments

Funding News

PE Major Tiger Global Bites into Momos

PE major and VC giant Tiger Global has marked its first investment in India’s burgeoning quick-service restaurant (QSR) space, after investing $23 million in Kolkata based Wow! Momo Foods. This is a series B round for the restaurant chain startup, which operates two QSR brands Wow! Momo and Wow! China. Image Source: Ambir Tolang, Pixabay …

ByGirish ShettiSeptember 19, 20190Comments

Funding News

Risers Accelerator Invests Undisclosed amount in Children’s Furniture company ‘Sprout kids’

Startup accelerator Risers Accelerator has invested undisclosed amount in in Sprout Kids, a company that specializes in designing and manufacturing children furniture. Following the funding round, Risers Accelerator has picked up 20% stake in the company at a market valuation of Rs 2.5 crore. Delhi based startup accelerator ‘Risers Accelerator’ invests in Children’s Furniture company ‘Sprout…

ByGirish ShettiSeptember 18, 20190Comments

Funding News

Ritesh Agarwal now Officially Owns 30% Stake in OYO Rooms

Ritesh Agarwal now enjoys unprecedented control over OYO Hotels and Homes – a company that he founded way back in 2013. The Gurgaon based company has officially undergone major changes in the ownership pattern with Agarwal now owning 30% stake in the company. Image Source: Ritesh Agarwal's official Twitter handle The official changes in Oyo’s ownership pattern…

ByGirish ShettiSeptember 17, 20190Comments

Funding News

Ola Electric Mobility all set to Secure Fresh Funding from Hyundai and Kia

Ola Electric Mobility (OEM), the division of home grown ride-hailing major Ola, is all set to raise fresh funds from South Korean auto behemoths Hyundai and Kia, a report in Times of India (TOI) claimed. TOI cited the latest filings with antitrust watchdog Competition Commission of India (CCI). Ola's Co-founder Bhavish Aggarwal...Image Source: Ola's official website…

ByGirish ShettiSeptember 16, 20190Comments

Funding News

Weekly Funding: Delhivery, JioSaavn, OkCredit & Others Raised Funds

The investment scenario in India’s startup ecosystem continues to stay resilient amid growing chorus over economic slowdown. Even though big funding rounds and high profile startups continued to remain conspicuously absent but the week still proved to be a decent one on the fundraising front. Apart from Delhivery and JioSaavn, other startups that managed to raise…

ByGirish ShettiSeptember 14, 20190Comments

Funding News

B2b Fintech Startup OkCredit Secures $67 Mn from Tiger & Lightspeed Venture

Bengaluru based B2B fintech startup OkCredit has raised $67 Mn in a series B round from existing investors Lightspeed Venture Partners India & US and Tiger Global. Following the latest round, company’s total fundraising amount has now climbed to $83 Mn. Barely three months back, the Bengaluru headquartered firm had raised one of the largest…

ByGirish ShettiSeptember 13, 20190Comments

Funding News

Paytm in Early Talks to Acquire Stake in Yes Bank

India’s largest digital payment company Paytm is in early talks to pick up substantial stake in the private bank major Yes Bank. If sources are to be believed then this stake sale is being initiated on the behalf of Yes Bank’s ex CEO Rana Kapoor, who along with his family owns 9.64 percent stake in…

ByGirish ShettiSeptember 10, 20190Comments

Funding News

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