Weekly Funding: Week’s 5 Biggest Funding stories

This week turned out to be a somewhat lackluster week for startups on the funding front. The total fundraising amount that was raised this week was little less than $50 Mn. But keeping the bigger picture aside, we will follow with our recent trend of narrowing our focus on the 5 biggest funding stories of…

ByGirish ShettiOctober 13, 20180Comments

Funding News

Bookmybai Scoops up Pre-series A funding from Japanese investors

Bookmybai, which help households to hire maids through its online platform, has secured undisclosed amount in pre-series A funding round. The round was led by Japan based social venture fund Arun Seed, along with other Japanese angel investors. Identity of these angel investors has not been disclosed. Anupam Sinhal, Bookmybai’s co-founder, said that the company will…

ByGirish ShettiOctober 12, 20180Comments

Funding News

Aiming to double seat count, Innov8 raises $4 Mn in pre-Series A

Gurgaon based co-working startup Innov8 has secured $4 Mn in pre-Series A round. The round was led by wealth management firm Credence Family Office while few existing investors also participated in the round. Innov8 plans to use the latest capital infusion for expanding its footprints across the country. The company aims to take its seat counts…

ByGirish ShettiOctober 11, 20180Comments

Funding News

Fosun and others pump $12 Mn in Logistic Startup LetsTransport

Logistic startup LetsTransport has raised $12 Mn from Chinese investment firm Fosun International and other investors. Tej Kapoor, Managing Director of Fosun RZ capital (Fosun’s investment arm) has confirmed to Economic Times about the investment. However, Mr. Kapoor has declined to reveal the identity of other investors. According to reports, Fosun’s total contribution in the funding…

ByGirish ShettiOctober 11, 20180Comments

Funding News

Sachin Bansal may book ride in Ola with $100 Mn funding

Sachin Bansal seems to be on the cusp of a history. Flipkart co-founder is said to be on the verge of closing India’s largest personal investment deal in India’s internet space. If grapevines are to be believed, Bansal is likely to pump $100 Mn or Rs 740 crore in the ride hailing company Ola. According to…

ByGirish ShettiOctober 11, 20180Comments

Funding News

Russian Billionaire Yuri Milner & others may pump $50 Mn in Meesho: Report

Social commerce platform Meesho is in the middle of fresh fundraising pursuit to raise $40-50 million. The ongoing talks with potential fundraisers have reportedly reached advanced stage. Apoletto Asia, the personal investment vehicle of Russian billionaire Yuri Milner, is said to be one of the potential investors involved in the fundraising talks. The upcoming round is…

ByGirish ShettiOctober 9, 20180Comments

Funding News

Freshmenu in early talks with PEs to Scoop up $75 Mn: Report

Online food delivery startup Freshmenu is in talks with several private equity (PE) funds to raise nearly $75 million, according to reports. International PE players including TPG, General Atlantic, Singapore’s Temasek Holdings and domestic PE players like Kedaara Capital are said to be part of the ongoing discussions. These PE companies are vying to acquire to…

ByGirish ShettiOctober 8, 20180Comments

Funding News

Week’s five biggest funding Rounds: Amazon Pay, Droom, Origo Commodities, GoBOLT & 9stacks

Here are the five biggest funding rounds of this week as we look back and summarize some of the best funding activities during the last five days. Like always, we will shed light on how companies plan to utilize the fresh funds and the possible impact on the respective industry. With 78.5 Mn, Amazon Pay raised…

ByGirish ShettiOctober 6, 20180Comments

Funding News

Online Auto Marketplace Droom secures $30 Mn in Series E round

Droom Technology, which operates online marketplace for automobiles, has raised $30 Mn (approximately Rs 221 crore) in series E round. The round was led by two new investors. Joe Hirao, president and founder of Tokyo based Zigexn Co, has been identified as one of the investors. The name of another investor has not been identified,…

ByGirish ShettiOctober 4, 20180Comments

Funding News

Blume Ventures closes first round of Third fund at $40 million

Mumbai based venture capital firm Blume Ventures has successfully closed the first round of its $80 Mn Fund III corpus. Through the first round, the company has raised $40 Mn and will raise rest of the funds by early next year. The angel Investors who participated in the first round mostly hailed from India, Japan and…

ByGirish ShettiOctober 4, 20180Comments

Funding News

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