Curefit Eyeing Fresh Funding Round led by Accel and Chiratae: Report

Curefit stands out among all health and fitness startups for its ability to raise uninterrupted funds from high-profile investors. With having already raised nearly $175 Mn through equity and debt, now the Bengaluru based firm is once again looking to raise fresh funds. Economic times report claims that the fitness startup is closing on a…

ByGirish ShettiApril 15, 20190Comments

Funding News

Sachin Bansal’s Hibernation Period may soon come to end: Report

Flipkart co-founder Sachin Bansal is reportedly planning to invest funds to acquire majority stake in a Bengaluru-based microfinance firm. The firm has been identified as Chaitanya India Fin Credit (CIFCPL), according to sources familiar with the matter. Sources claim that Bansal is planning to acquire 75% stake in CIFCPL and talks between the two parties…

ByGirish ShettiApril 12, 20190Comments

Funding News

Airbnb makes investment debut in India by investing $75 Mn in Oyo

US home-sharing giant Airbnb has invested $75 million (Rs 516 crore) in India’s biggest hospitality firm Oyo, according to regulatory filings accessed by paper.vc. The funding round marks Airbnb’s first major investment in India’s burgeoning startup ecosystem. The investment also marks the end of Oyo’s series-E $1.1-billion round. Airbnb has invested $75 million (Rs 516 crore)…

ByGirish ShettiApril 12, 20190Comments

Funding News

Dream11: New Unexpected Entrant in India’s Unicorn Club

India’s ballooning unicorn club has a new debutant. This piece of information may not make for an exciting news as much as the fact that the new entrant hails from unlikely industry of gaming. The name of this new entrant is Dream11, an online gaming firm offering fantasy gaming experience in various sporting categories like…

ByGirish ShettiApril 9, 20190Comments

Funding News

Zoomcar eyes Implausible Dream of Unicorn tag, Thanks to Mahindra : Report

Self-Driving car rental startup Zoomcar may soon get another funding push. This is courtesy due to its existing investor Mahindra & Mahindra, which is reportedly planning to invest $300-500 through a new funding round. According to report published in Livemint, Mahindra & Mahindra is planning to finance the new round through equity as well a…

ByGirish ShettiApril 3, 20190Comments

photo of India's richest man Mukesh Ambani

Funding News

Reliance Jio Mounting a challenge to Amazon’s Alexa with Haptik Acquisition: Report

Reliance Jio’s disruptive launch in 2016 ended up rattling India’s internet and telecom sector. However, there can be no denying that Jio’s disruptive launch has today transformed the millennial proverb of ‘roti, kapada, makan and internet’ into a reality. Now it seems Mukesh Ambani’s company is gearing up to make this reality more grandeur by…

ByGirish ShettiMarch 29, 20190Comments

Funding News

Paytm in Search of Fresh funding to Fend off Competition: Report

The competition frenzy in digital payment market seems to be forcing Paytm to fill up its cash coffers. According to Economic Times (ET), India’s largest digital payment company is in talks to raise $1.5-2 billion from two of its biggest existing investors – Ant Financials & SoftBank. Paytm is in talks to raise $1.5-2 billion. ET claimed,…

ByGirish ShettiMarch 28, 20190Comments

Funding News

Drivezy on Cusp of 100 Mn Funding Ride, thank to SoftBank & Amazon: Report

Self-drive car rental startup Drivezy’s wish for a new funding round is most likely to be fulfilled pretty soon. This is courtesy due to SoftBank and Amazon, who are reportedly interested in pumping $100 Mn in the Bengaluru based startup. Both are likely to infuse the funds in the form of equity as well as…

ByGirish ShettiMarch 25, 20190Comments

Funding News

Hyundai and Kia Motors Jointly Invest $300 Mn in Ola

In the latest funding boost, Ola has got $300 Mn funding from Hyundai Motors and Kia Motors. This is the largest combined investment by South Korean auto giants till date. This investment is based on the agreement that all three companies will collaborate together to develop unique fleet and mobility solutions; developing India-specific electric vehicles…

ByGirish ShettiMarch 19, 20190Comments

Funding News

Accel Partners Rakes up Whopping $2.5 Bn for Fresh Investment

One of the world’s most respected venture capital firm Accel partners has raised $2.52 billion for its new funding corpus, according to Techcrunch. This is said to be one of the largest pool of capital that Silicon Valley based VC firm has ever raised. Reports confirm that almost all of the funding corpus will go…

ByGirish ShettiMarch 15, 20190Comments

Funding News

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