Zomato may bring China’s Ctrip on board to take on Swiggy

Zomato seems to be inching closer towards second fundraising round of this year. China’s online traveling behemoth Ctrip is reportedly planning to invest $100 Mn in the Gurgaon based foodtech startup. The total fundraising amount is touted to be around $400 Mn, with existing investor Ant Financial (owned by Alibaba) also likely to contribute to…

ByGirish ShettiSeptember 10, 20180Comments

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Weekly funding recap: Udaan raises one of the biggest Funding round of this year

The startup ecosystem this week witnessed a very robust funding activities The funding galore seems to be back in the Indian startup ecosystem as this week scores of startups raised substantial funds. Although we are still not exactly back to those glory days, things seem to getting better for startup founders and co-founders. At least, the…

ByGirish ShettiSeptember 8, 20180Comments

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Swiggy’s largest Investor Naspers is in talks to invest in HungerBox: Report

India’s foodtech sector is suddenly buzzing with so many activities that it appears that the entire industry is going through renaissance period. Now the latest buzz is that Naspers, which is the largest stake holder in Swiggy, is in discussion to invest in corporate catering startup HungerBox. People familiar with the matter are claiming that South…

ByGirish ShettiSeptember 7, 20180Comments

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Cisco funded CEM Startup CloudCherry raises $9 Mn in series A round

Chennai based Customer Experience Management (CEM) startup CloudCherry has raised $9 million or Rs 64.5 crores. This fundraising round led by Pelion Venture Partners is part of the series A funding that was raised almost two years back. According to reports, the round may see additional funds coming from company’s existing investors. Cisco funded CEM Startup…

ByGirish ShettiSeptember 6, 20180Comments

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Zomato acquires catering aggregator TongueStun in $18 Mn deal: Report

Over the last few months the foodtech space has been buzzing with lot of activities. This is probably reflection of the favorable sentiments that the investment community attaches to the foodtech space; a space that is largely dominated by Zomato and Swiggy. On Tuesday, this promising and young sector witnessed yet another important activity, after Zomato…

ByGirish ShettiSeptember 5, 20180Comments

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Swiggy may soon receive fat Cheque from Investors: Report

Chinese internet behemoth Tencent is teaming with other global investors to write a fat cheque for Swiggy, according to people familiar with the matter. This fat cheque may land the food delivery startup a handsome amount of $500-700 million at a valuation of around $2.5-3 billion. If reports are to be believed, Tencent has already started…

ByGirish ShettiSeptember 4, 20180Comments

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B2B Platform Udaan raises $225 million to become fastest Unicorn startup

B2B trade platform Udaan has reportedly raised $225 million (Rs 1,575 crore) from existing investors DST Global and Lightspeed Venture Partners’ global fund. While on the onset this may seem like an usual fundraising affair, but this funding holds a special importance for Udaan. With this fundraising round, Udaan has become the fastest Indian startup to…

ByGirish ShettiSeptember 3, 20180Comments

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Google & Xiaomi in talks to invest in rail Info startup: Report

Search engine behemoth Google and Chinese based smartphone maker Xiaomi seem to be cooking an investment recipe. If reports are to be believed, both companies are among the top contenders to invest in a startup Where Is My Train. As is evident, this startup through its app tries to offer precise update on trains. The unique…

ByGirish ShettiAugust 30, 20180Comments

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Logistic Startup Leap India raises Rs 200 crore in debt round

Logistic sector enjoys huge popularity among the investment community. This was once again vindicated on Tuesday after Leap India raised Rs 200 crore debt from Piramal Capital & House Finance. The company also informed that it is simultaneously holding discussions with several investors to raise additional Rs 250 crore. The total period of loan consists of…

ByGirish ShettiAugust 29, 20180Comments

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App aggregator Tapzo in acquisition talks with Amazon: Sources

Super app aggregator Tapzo is most likely to be soon acquired by Amazon. According to sources, both companies were engaged in serious discussions for several months now. However, consensus over the acquisition deal was reached only recently, sources add. People familiar with the matter claim that Amazon and Tapzo have given a go-ahead to the deal.…

ByGirish ShettiAugust 28, 20180Comments

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