PhonePe in Talks to raise another $1 Bn from External Investors

PhonePe, which last week received capital infusion of $1 Bn from its parent company, is in talks to raise another $1 Bn through external funding. Economic Times (ET) report claims that group of high profile investors including DST Global, Ribbit Capital, Falcon Edge and Green Oak have held investments talks spanning across several weeks and…

ByGirish ShettiAugust 5, 20190Comments

Funding News

Weekly Funding: Rebel Foods, MindTickle, Vymo and others raised funds

This week proved to be a happy hunting ground for startups on the fundraising front. After a long time, investors generously opened up their coffers as several promising startups collected big cheques and went to their banks all smiling. To tell you more about this, we bring you this week’s top 10 funding activities in…

ByGirish ShettiAugust 3, 20190Comments

Funding News

UrbanClap Raises Second Funding Round in a Week

Fresh from its recent funding round that took place few days back, Home services marketplace UrbanClap has now raised $75 Mn in series E round. The round was led by venture investment giant Tiger Global while existing investors Steadview Capital and Vy Capital also contributed to the round. UrbanClap raises $75 Mn in series E round…

ByGirish ShettiAugust 2, 20190Comments

Funding News

Faasos’ Parent Firm Raises $125 Mn from Goldman Sachs & Others

Online food-on-demand company Fasoos’ parent company Rebel foods, which describes itself the world’s largest internet restaurant company, has raised $125 Mn in its latest round. According to Bloomberg, California based Coatue Management, Investment giant Goldman Sachs and Indonesia based on-demand services company GoJek along with other investors participated in the round. The investment deal was reportedly…

ByGirish ShettiAugust 1, 20190Comments

Funding News

Amazon in Early Stage Talks to acquire 26% Stake in Reliance Retail: Report

E-commerce behemoth Amazon is in early stage talks to acquire 26% stake in Reliance Retail, which is India’s largest brick & mortar retail chain, Economic Times (ET) report claims after citing sources privy with the matter. Amazon India is in talks to acquire 26% Stake in Reliance Retail The negotiation between Amazon and Reliance Retail seems to…

ByGirish ShettiAugust 1, 20190Comments

Funding News

Aye Finance Scoops up $7.99 Mn from DCB Bank

Digital Fintech Lender, Aye Finance, has scooped up $7.99 Mn (55 Cr) in its latest funding round. The startup’s latest funding round is financed through a debt instrument and is led by the DCB Bank via securitisation deal. The fresh capital infusion will be proceeded towards expanding company’s loan portfolio and providing affordable credit to…

ByGirish ShettiJuly 31, 20190Comments

Funding News

PhonePe Receives Fresh Capital Infusion to Combat Increasing Competition

Flipkart owned PhonePe has received fresh capital infusion from its Singapore based parents entity, according to company’s latest filings with the Registrar of Companies (ROC). The digital payment lender has received Rs 698 crore from Singapore headquartered PhonePe Private Limited, ROC documents disclosed. PhonePe has received Rs 698 crore from its Singapore based entity Earlier this year,…

ByGirish ShettiJuly 30, 20190Comments

Funding News

Udaan’s Valuation may touch $2.2 Bn with Fresh Funding Round

True to its name, online marketplace for SMEs and small businesses Udaan is taking flight to new horizons. After achieving the fastest unicorn tag last year, the Bengaluru headquartered startup is now inching closer to double its market valuation with a new funding round. People privy to the matter claim that the startup is in…

ByGirish ShettiJuly 29, 20190Comments

Funding News

Weekly Funding: Snapdeal, Drip Capital, PayMate & Others Raised Funds

Funding activities picked up good pace this week as investors poured good amount of money into several promising startups hailing from diverse sectors. Here is a brief look into these investment details as we rap up this week’s weekly funding roundup. Snapdeal, Drip Capital, PayMate, Zeta were among other startups that raised funds this week …

ByGirish ShettiJuly 27, 20190Comments

Funding News

SoftBank Unveils Second Vision Fund with $108 Bn Corpus

Japanese tech conglomerate SoftBank has announced plans for raising second Vision Fund as it looks to continue with investment in technology driven startups with major focus on Artificial Intelligence or AI. The second vision fund will be raising nearly $108 Bn, SoftBank’s Chairman Masayoshi Son announced. This makes the second vision fund bigger than the…

ByGirish ShettiJuly 26, 20190Comments

Funding News

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