Naspers Eyeing an $1 Billion Investment Push in India: Report

Nasper’s minuscule investment to pick up majority stake in Chinese tech startup Tencent in 2001 proved to be a watershed moment for the company. That watershed moment was fructified last year when Naspers sold merely 2% stake in Tencent to raise $10 Bn. At the time of stake sale Tencent was one of the most…

ByGirish ShettiMarch 14, 20190Comments

Funding News

Ola may get $300 Mn Funding Lift from Hyundai

Ride hailing major Ola, which is currently on a fundraising spree, may soon get end up getting a funding lift from Hyundai. Reports are abuzz that the South Korean based auto giant is in advanced discussion with Ola to invest nearly $250-300 million in the company. The investment will give Hyundai a 4% stake in…

ByGirish ShettiMarch 8, 20190Comments

Funding News

SoftBank Funding Propels Delhivery into the Unicorn World

India’s coveted unicorn list has got a new member, Gurgaon based logistics startup Delhivery. Delhivery’s journey to the unicorn world was expedited, after its latest funding round from SoftBank and other investors. In all, the logistic company has raised $350 Mn from SoftBank and Fosun International from the latest round, which has capitulated its valuation…

ByGirish ShettiMarch 6, 20190Comments

Funding News

Zomato Parts ways with UAE Business & Closes Series I Round

Zomato has reached an agreement with German-based food tech delivery major Delivery Hero to sell its UAE business for $172 million (Rs 1,220 crore). Zomato has also raised fresh funds from Delivery Hero to officially close its series I round. Barely a few days back, Gurgaon based startup had raised $62.5 Mn (nearly Rs 441…

ByGirish ShettiMarch 5, 20190Comments

Funding News

Zomato Raises $62.5 Mn to Catch up with rival Swiggy

Food delivery major and online restaurant discovery platform Zomato has raised $62.5 Mn (nearly Rs 441 crore) in a latest funding round. The German food-tech giant and Naspers backed Delivery Hero spearheaded the funding round. Naspers indirect presence as a stakeholder in Zomato makes for an interesting proposition as it is the largest stakeholder in…

ByGirish ShettiMarch 2, 20190Comments

Funding News

Back from the Brink, Grofers get another Funding Respite

The embattled online grocery startup Grofers is firmly back in the funding game. After raising $62 million from SoftBank in March last year, it has now raised $60 million from Japanese investment giant and other existing investors in series F round. SoftBank poured $37.49 Mn while existing investors Tiger Global and Sequoia Capital pumped $19.99…

ByGirish ShettiMarch 1, 20190Comments

Funding News

Sachin Bansal makes Landmark Investment of $92 Mn in Ola

Sachin Bansal has invested whopping Rs 650 crore or $92 million in ride-hailing Major Ola. Bansal’s latest investment in Ola is the largest individual investment in an Indian startup, making it one of the landmark investments in Indian startup ecosystem. Flipkart co-founder had already invested Rs 150 crore in Ola via primary infusion few weeks…

ByGirish ShettiFebruary 20, 20190Comments

Funding News

Micro-loan Provider ZipLoan Raises Funds from Saif partners

NBFC startup ZipLoan, which offers small pocket loans to MSME, has raised Rs 90 crore from Saif Partners and other investors. The other investors include existing investors Matrix Partners India, Waterbridge Ventures and Whiteboard Capital. Micro-loan Provider ZipLoan Raises Rs 90 crore from Saif partners & other investors ZipLoan will use fresh capital infusion for expanding its…

ByGirish ShettiFebruary 19, 20190Comments

Funding News

Didi Chuxing books ride with Oyo with $100 Mn Funding

Oyo has officially closed the $1 Bn funding round that began few months back after Softbank and Grab together pumped $900 Mn. This after India’s largest hospitality company raised $100 Mn from Chinese ride-hailing giant Didi Chuxing. Didi Chuxing infuses $100 Mn in Oyo According to Economic Times (ET), Didi has invested in Oyo through its subsidiary…

ByGirish ShettiFebruary 14, 20190Comments

Funding News

Ola Signs Term Sheet with South Korean Fund to raise fresh funds

Ola is all set to bring another new investor amid its ongoing boardroom battle with SoftBank. According to Economic Times (ET), Ola has signed a term sheet with Mirae Asset-Naver Asia Growth Investment. Mirae Asset-Naver Asia is a South Korean joint venture fund between financial giant Mirae Asset and internet major Naver. Ola Signs Term Sheet…

ByGirish ShettiFebruary 12, 20190Comments

Funding News

Best Choice for Creatives