SoftBank’s 200 Mn Funding Propels Grofers to Unicorn Club

Online grocery major Grofers has successfully raised $200 Mn in series F funding round from SoftBank Vision fund. Existing investors Tiger Global and Sequoia Capital as well as new investor KTB also took part in the funding round. The round has catapulted Gurugram based company to the coveted unicorn club and has now become part…

ByGirish ShettiMay 15, 20190Comments

Funding News

Used Car Platform Cars24 is on a Funding Prowl: Report

Cars24, the online marketplace for used cars, is in advanced stage of securing another fresh funding round that is estimated to be around $70-80 Mn. This round is likely to be spearheaded by company’s existing investors who are likely to pump $45-50 Mn, according to Economic Times (ET) report. These existing investors include Sequoia Capital,…

ByGirish ShettiMay 14, 20190Comments

Funding News

Logistic startup Locus gets fresh funding impetus from Falcon Edge and Tiger Global

Supply chain optimization startup Locus has raised fresh funds from Falcon Edge Capital and Tiger Global Management. The company fetched total $22 Mn in the series B round that also saw participation from existing investors including Exfinity Venture Partners and Blume Ventures. The latest round has now taken company’s total fund raising amount to $28…

ByGirish ShettiMay 14, 20190Comments

Funding News

Treebo may soon get big Funding Boost from Hospitality Giant Accor

France based hospitality giant Accor SA is pursuing investment talks to invest nearly $50 million in budget hotel brand Treebo, according to people familiar with the matter. Sources claim that the talks have reached deceive stage and may fructify into a funding round pretty soon. This funding round is most likely to be part of…

ByGirish ShettiMay 13, 20190Comments

Funding News

Flipkart Issues $100m Esops to Retain key Talents

Flipkart has resorted to the time and tested idea of Esops in order to retain its key talent for coping with increasing competition in India’s ecommerce sector. According to Economic Times (ET), India’s home grown e-commerce giant has issued fresh tranche of Esops to its senior as well as middle-level staff. Esops have also been…

ByGirish ShettiMay 11, 20190Comments

Funding News

TVS Motors Invests $3.85 Mn in Industrial IOT Startup TagBox

Two wheeler auto giant TVS Motors has pumped $3.85 Million in IOT and machine learning startup TagBox. The funding round was completely spearheaded by TVS Motor Company and its Singapore based subsidiary firm. The round saw no participation or investment from any other investors. TagBox is the second IOT startup to receive funds from TVS Motors…

ByGirish ShettiMay 9, 20190Comments

Funding News

Curefit Breaches $500 Mn Valuation after Raising $75 Mn in Fresh Round

Curefit has once again managed to find itself in the good books of investors, after it raised $75 million through latest funding round. Existing investor Accel Growth led the series D round while other existing investors Kalaari Capital and IDG Ventures also participated in the round. Couple of new investors also participated in the round,…

ByGirish ShettiMay 7, 20190Comments

Bhavish Aggarwal - co-founder and CEO of Ola

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Ratan Tata reposes faith in Ola’s Electric Vehicle Dream

Tata’s former chairman Ratan Tata has made yet another startup investment by investing undisclosed amount in the Ola Electric Mobility, a subsidiary unit of the ride hailing giant Ola. According to reports, Mr. Tata has made the investment in a personal capacity and not through his investment firm. The company plans to use the fresh…

ByGirish ShettiMay 6, 20190Comments

Funding News

Logistic startup BlackBuck raises $150 Mn to Inch Closer to Unicorn Tag

B2B Logistic startup BlackBuck has moved closer to the coveted unicorn club, after the latest funding round propelled its valuation to almost $950 Mn. Through this series D round, the Bengaluru based firm has raised $150 million (about Rs 1,040 crore) from several high profile investors like Accel, B Capital and Sequoia Capital. International Finance…

ByGirish ShettiMay 2, 20190Comments

Funding News

Sachin Bansal Pumps Fresh Funds in MilkBasket Via Venture Debt

After becoming overnight billionaires following the exit from Flipkart, Sachin Bansal has been on an investment spree. He has invested in strings of startups including ride hailing major Ola. Now the latest startup to enter Bansal’s investment portfolio is grocery and milk delivery startup MilkBasket. According to reports, Bansal’s investment firm BAC Acquisitions has invested…

ByGirish ShettiApril 29, 20190Comments

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