Ola closes Series J Funding round after Raising fresh Capital from Steadview Capital

Continuing with its aggressive fundraising spree, Ola on Friday announced that it has successfully closed the ongoing series J funding round by raising over Rs 520 crore from the Hong Kong-based Steadview Capital. According to Economic Times (ET), the fresh round values the company anywhere between $5.5 billion and $6 billion, which technically makes India’s…

ByGirish ShettiJanuary 11, 20190Comments

Funding News

SoftBank is Increasing investment in WeWork with additional $2 Bn Funding

WeWork is all set to receive an additional $2 Bn funding from existing investor SoftBank, the US-based co-working giant announced on Tuesday. The fresh funding will take SoftBank’s investment in the co-working behemoth to $10 Bn. According to reports, the Japanese investment giant was previously planning to invest whopping $16, which would have made it the…

ByGirish ShettiJanuary 10, 20190Comments

Funding News

Jaipur based CarDekho Receives Fresh Funding after Almost Two Years

GirnarSoft, parent company of online auto market place CarDekho, has scooped up $110 million (Rs 770 crore) from existing investors Sequoia Capital and others. The other investors who participated in this round included CapitalG (investment arm of Google), China’s Hillhouse Capital & new investor Axis Bank. Sequoia Capital & others pump $110 Mn in CarDekho The funding…

ByGirish ShettiJanuary 4, 20190Comments

Funding News

Zomato likely to Raise $1 bn in Fresh Funding Round as Counter Move to Swiggy

Zomato is likely to add more fodder to the ongoing bitter battle with its rival Swiggy as sources have claimed to The Economic Times (ET) that it is likely to raise $1bn in new funding round. This seems to be a counter move to Swiggy’s recent funding round that saw the Bengaluru based firm raising…

ByGirish ShettiJanuary 2, 20190Comments

Funding News

SoftBank is Gearing to Invest another $1 Bn in Grab: Report

Softbank is all set to pour 1$ Bn in Southeast Asia’s ride-hailing major Grab, according to TechCrunch. SoftBank, which is already the largest shareholder of Grab, will reportedly make the investment through its SoftBank Vision Fund. The investment could reach as much as $1.5 Bn, TechCrunch claimed after citing an unnamed source. Softbank and Grab have…

ByGirish ShettiDecember 21, 20180Comments

Amit Jain, CEO and Co-Founder of GirnarSoft - parent company of CarDekho.

Funding News

CarDekho all set to Scoop up $100 Mn from Sequoia Capital: Report

The fundraising wait finally seems to be over for the online auto marketplace CarDekho, which last raised funds way back in 2016. According to Economic Times (ET), CarDekho is all set to raise $100 million in its latest fundraising round. The funding is most likely to be spearheaded by Sequoia Capital, which may reach out…

ByGirish ShettiDecember 5, 20180Comments

Funding News

Why Ola may find SoftBank’s latest Funding Proposal simply irresistible

Ola is simply not in a position to say firm ‘no’ to SoftBank’s latest funding proposal. This is not a sensational claim, but simple commonsense determined by prevailing business realities. Before we go any further to validate our argument, it is important inform that several media reports are now claiming that existing investor SoftBank has…

ByGirish ShettiDecember 4, 20180Comments

Picture of Ritesh Agarwal, Founder of Oyo Rooms

Funding News

Oyo Rooms may get $100 Mn ride from Singapore’s Grab

It seems to be raining funds for budget hotel startup Oyo Rooms. After having recently raised $800 Mn from SoftBank & other investors, the Gurgaon based startup is now said to be in talks with Singapore headquartered cab hailing major Grab for more investment. According to Economic times, Oyo is in advanced talks for $100…

ByGirish ShettiDecember 3, 20180Comments

Funding News

Weekly Startup funding: How UrbanClap became the Savior this Week

In all possibility, this week’s funding scenario could have turned out to be one of the dullest weeks of 2018 for Indian startups. But just as when it appeared that it was indeed going to be so, home service startup UrbanClap emerged as the much-needed savior. Had it not been for UrbanClap, the Indian startup…

ByGirish ShettiDecember 1, 20180Comments

Funding News

Post Flipkart, Sachin and Binny Bansal are back in the Investment game

Sachin and Binny Bansal may no longer be in the helm of Flipkart’s day-to-day affair, but this could have hardly stopped them from investing back into India’s startup ecosystem. After all, both Flipkart co-founders owe a lot to this ecosystem. Reports are fast emerging about Binny along with other investors investing nearly $7 Mn in healthcare…

ByGirish ShettiNovember 27, 20180Comments

Funding News

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