Oyo Rooms is on the cusp of becoming a $4 Bn company: Report

India’s largest budget hotel company Oyo Rooms seems to be in all hurry to make merry when the sun is shining bright. This probably explains the reasons behind latest reports that Oyo is currently in advanced talks to raise up to $1 billion in a new fundraising round. While this is news in itself, but…

ByGirish ShettiAugust 16, 20180Comments

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Voice AI startup Observe.AI secures $8 Mn from Nexus & others

Like everyone else, the investment community clearly seems to be bitten by the bug of Artificial Intelligence (AI). Now the latest AI startup to join the funding list is Observe.AI. The voice AI platform has secured $8 Mn in Series A funding round led by Nexus Venture Partners. The round also saw participation by MGV,…

ByGirish ShettiAugust 14, 20180Comments

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Ola & others pump $7 Mn in Scooter sharing startup Vogo

Shared mobility space seems to be the order of the day, with Ola and Hero MotoCorp chairman Pawan Munjal leading $7 Mn round in scooter rental startup Vogo Automotive. The round also participation of existing investors including Matrix Partners India, Stellaris Ventures and few angel investors. Vogo Automotive, which was founded in 2016, currently offers rental…

ByGirish ShettiAugust 14, 20180Comments

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Biopharma startup Bugworks scoops up $9 million in Series A

The Indian as well as global startup ecosystem that is mostly dominated by startups driven by popular technologies, it is very rare to see a biopharma startup hogging a limelight. But on Monday Bugworks Research managed to achieve this rare thing after it raised $9 million (about Rs 62.2 crore) in series A funding round. The…

ByGirish ShettiAugust 13, 20180Comments

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OYO’s acquisition spree continues, acquires Mumbai based Weddingz: Report

OYO Rooms appears to be on an adventurous journey as the company continues with its acquisition spree. This time India’s largest hospitality company has acquired Weddingz, an online marketplace for wedding venues and vendors. The latest acquisition marks OYO’s third acquisition of the year as the SoftBank backed company continues to pursue aggressive expansion strategy. The…

ByGirish ShettiAugust 11, 20180Comments

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Auto giant Maruti Suzuki all set to challenge CarWale & CarDekho: Report

India’s online auto space is most likely to witness a huge disruption in coming months. This disruption is courtesy because of auto giant Maruti Suzuki, India’s largest auto company. Reports claim that the auto giant is in the middle of designing a website that will help potential buyers to compare prices of various car models. Such…

ByGirish ShettiAugust 10, 20180Comments

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Embattled E-commerce company Shopclues raises Rs 110

Shopclues, One of India’s most well-funded e-commerce players, makes for a curious and interesting case. With all its big funding rounds and unicorn badge, the Gurugram headquarter company has still not managed to become a formidable force in India’s e-commerce market. In fact, if latest reports are to be believed then today this four year…

ByGirish ShettiAugust 10, 20180Comments

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Online Milk Delivery startup DailyNinja acquires 4amShop for undisclosed amount

Online Milk and grocery delivery startup DailyNinja seems to be on a roll to expand its business further. Weeks after raising $3 million in a fundraising round led by Saama Capital, it has now acquired 4amShop. Like DailyNinja, 4amshop also deals in delivery of milk and other early morning groceries. The acquisition deal is reportedly…

ByGirish ShettiAugust 10, 20180Comments

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Gamified Edutech startup Quizizz gets funding boost by Nexus Venture Partners

Edutech startup Gamified Quizizz raises $3 Mn. India’s Edutech sector is widely considered as one of the most favorable sectors by the investment community. On Thursday this popular sentiment was once again validated by E-Learning Platform Quizizz as it has become the latest Edutech startup to secure the blessings of high profile VC firms. Quizizz secured the…

ByGirish ShettiAugust 9, 20180Comments

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With eye on Mutual Fund business, Paytm acquires Balance Tech

Paytm has acquired smart-savings management Startup Balance Tech. India’s largest digital wallet company Paytm has successfully acquired smart-savings management startup Balance Tech for an undisclosed amount. Reports claimed that the deal has been a complete non-cash deal and may very well be an acqui-hire. Bengaluru based Balance Tech is latest to join Paytm’s acquisition list. This year…

ByGirish ShettiAugust 9, 20180Comments

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