Binny Bansal Planning to Launch $400 Mn VC Fund

In what could spell good news for startups, Flipkart’s co-founder Binny Bansal is in the midst of launching a new venture capital (VC) fund with a target corpus of $300 – 400 Mn, according to Times of India (TOI). The fund will look to back capital starved Indian startups but will also look to infuse…

ByGirish ShettiSeptember 9, 20190Comments

Funding News

Weekly Funding Roundup: Advisorymandi, 75F, Atomberg Technologies & Others Raised Funds

This week no big players or high profile startups raised funds but this doesn’t take away the fact that it proved to be yet another decent week on the fundraising front. Here are the top 10 funding activities of this week as we rap up our weekly funding round up section. Image by Gerd Altmann from…

ByGirish ShettiSeptember 7, 20190Comments

Funding News

Fintech startups Vyapar and CashFlo Raise Series A Funding

Vyapar Tech, a Fintech startup which offers billing software for SMEs, has secured $5 Mn (nearly Rs 36 crore) from Indiamart. Existing investors Axilor Venture and India quotient also pumped capital in the funding round. B2B Fintech startups Vyapar and CashFlo secure funding...Image source: kalhh from Pixabay Started in 2016, Vyapar offers free business accounting software that…

ByGirish ShettiSeptember 4, 20190Comments

Funding News

Binny Bansal Sells Flipkart Shares Worth $14 Mn to Tiger Global: Report

Henceforth Binny Bansal will have bigger funds in his kitty to invest in indian startups, after the Flipkart co-founder decided to sell off his additional shares in the company to existing investor Tiger Global for nearly $14 Mn. This news was broke by the investment and startup data platform Paper.vc but neither Bansal nor anyone…

ByGirish ShettiSeptember 2, 20190Comments

Funding News

Weekly Funding: Cred, Vedantu, Chargebee and others Raised Funds

The economic slowdown may have become an official news now but its effect is still nowhere visible on the Indian startup ecosystem. This was proven beyond doubt as Indian startups had yet another decent run on the fundraising front. It is to be seen for how long India’s startup industry will continue to defy the…

ByGirish ShettiAugust 31, 20190Comments

Funding News

Flipkart closing on $40 Mn investment in logistic startup Shadowfax: Report

India’s home grown e-commerce giant Flipkart is closing on $40 Mn investment in the logistic startup Shadowfax, according to people privy with the matter. The deal will most probably propel the Bengaluru based logistic startup’s market valuation to nearly $200 Mn. Shadowfax co-founders (Left Mr Vaibhav Khandelwal Right Mr.Abhishek Bansal) According to the sources, Flipkart has already…

ByGirish ShettiAugust 30, 20190Comments

Funding News

Chargebee Secures $14 Mn from Steadview Capital & Existing Investors

Subscription management platform Chargebee has secured the first funding of this year. It has raised $14 Mn (INR 100.5 Cr) in series D round that was led by Steadview Capital. Existing investors Insight Venture Partners and Accel Partners also poured capital in the round. Chargebee raises $14 Mn in series D round Following the latest round, the…

ByGirish ShettiAugust 29, 20190Comments

Funding News

RentMojo Receives Fresh Funds from Samsung & Mitsui Sumitomo: Report

RentMojo, a digital platform that offers furniture & consumer durable products on lease, has found a high profile backer in the form of Samsung and Mitsui Sumitomo. According to media reports, Samsung’s investment vehicle Samsung Venture Investments Corporation (SVIC) and Mitsui Sumitomo will be pumping close to INR 27.74 Cr in RentMojo. Geetansh Bamania, co-founder &…

ByGirish ShettiAugust 28, 20190Comments

Funding News

Rapido Raises Fresh Funds Amid Regulatory Problems

Bike rental startup Rapido has raised $55 Mn (nearly INR 391 Cr) in a series B round. Investment firm Westbridge capital spearheaded the round while Nexus Venture Partners, Integrated Capital, Bace Funds and Astrend India Investment Limited along with clutch of independent investors also contributed to the funding round. Bike Rental Startup Rapido scoops up $55…

ByGirish ShettiAugust 27, 20190Comments

Funding News

Kunal Shah’s Cred Raises $120 Mn at Eye-popping Valuation of $ 450 Mn

Kunal Shah’s Cred has raised $120 million (nearly Rs 861.39 crores) in its ongoing series B round. Kunal Shah has confirmed the news to the media but refused to divulge any financial details about the deal. kunal Shah - Founder & CEO of Cred According to Cred’s latest regulatory filings, existing investors Ribbit Capital, Gemini Investments and…

ByGirish ShettiAugust 27, 20190Comments

Funding News

Best Choice for Creatives