It’s official: Essel Group invests Rs 200 cr in New Delhi based Zipgo

Few days backs rumor mills was buzzing with the report that intra-city and inter-city bus providers Zipgo is in talks with Essel Group for fresh fundraising round. On Wednesday Zipgo laid all these rumors to rest, after officially announcing that it has raised nearly $29.14 Mn or Rs 200 crore. The fundraising round was led…

ByGirish ShettiAugust 8, 20180Comments

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As Uber is busy making exits, Ola is busy expanding international operations

Ola enters UK to mark its international expansion. It has been barely six months that Ola made its first international foray by entering in the Australian market, now India’s largest cab hailing company is all set to enter the U.K market to mark its second phase of international expansion. The company announced on Tuesday that it…

ByGirish ShettiAugust 7, 20180Comments

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After Shuttl, ZipGo likely to scoop up fresh funds; courtesy Essel Group

ZipGo likely to scoop up $50 Mn from Essel Group. India’s online bus aggregation space suddenly seems to have burst into life. Barely days after Gurugram based Shuttl raised $11million from Amazon and other investors, now its competitor ZipGo has joined the fundraising talks. If reports are to believed, the Bengaluru headquartered bus aggregator player is…

ByGirish ShettiAugust 6, 20180Comments

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Swiggy on a roll: after acquiring Scootsy, it is now in talks to raise fresh funds: Report

Swiggy is in serious talks with several investors to raise funds Swiggy is taking entrepreneurial aggression to all new level. Not even 24 hours have passed since it announced the acquisition of troubled startup Scootsy, now buzz is that Swiggy is in talks to raise additional funds. Reports claim that the Bengaluru headquarter food delivery company…

ByGirish ShettiAugust 3, 20180Comments

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Defunct Startup Holachef in FoodPanda’s shopping list: Report

FoodPanda in talks to acquire Defunct Startup Holachef When last year Ola bought FoodPanda’s India business, most analysts thought that it was a very ambitious move taken by India’s largest cab hailing company. Keeping in line with this ambitious move, Ola is in now talks to acquire defunct food delivery startup Holachef. Sources claim that Ola…

ByGirish ShettiAugust 2, 20180Comments

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Indian AI startups continue to march ahead as Racetrack raises $5 million

AI startup Racetrack raises $5 million. Barely days after Artificial Intelligence (AI) startup Antworks raised $15 mn, another AI startup has joined the fundraising list. This time it is Bengaluru based startup Racetrack, which has raised $5 million from clutch of high net-worth individuals (HNIs). However, names of these investors have not been disclosed. Racetrack uses the…

ByGirish ShettiAugust 2, 20180Comments

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Curefit’s funding frenzy continues, raises $120 Mn in fresh round

Health and fitness startups Curefit raises $120 Mn Health and fitness startups Curefit makes a perfect case for being subject of great envy. The Bengaluru based startup, which is already amongst the most funded Indian startups, on Monday raised $120 Mn in series C round. This takes Curefit’s total fund raising to nearly $175 Mn. The…

ByGirish ShettiJuly 30, 20180Comments

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Another AI startup gets funding boost, this time its Data Analytic startup Ant works

Artificial Intelligence startup Ant Works raises $15 Mn We would be overstating if we say that artificial Intelligence (AI) is currently the buzz word. Pretty much everyone is aware about the hype and noise that AI technology is making today. Carrying forward this positive vibe about AI is Ant works, an Ai startup that today raised…

ByGirish ShettiJuly 30, 20180Comments

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Bengaluru based insurance startup Digit Insurance raises $44 Mn from Fairfax

Digit Insurance raises $44 Mn from Fairfax. Insurance startup Digit Insurance has secured $44 Mn (INR 302.6 Cr) from existing investor Fairfax Holdings. This is a second funding round for the Bengaluru headquartered startup. FairFax has also invested $1 Mn in Digit’s parent company Digit Infoworks, taking the total fundraising amount to $45 Mn. Following the latest…

ByGirish ShettiJuly 25, 20180Comments

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Thanks to Tencent, Oyo may soon end up becoming $2 Bn company: Report

Tencent may pump $300-500 million in Oyo Rooms. Chinese internet behemoth Tencent is in advanced discussion to pump $300-500 million in budget hotel startup Oyo Rooms, according to people familiar with the matter. Although reports about Oyo aiming to raise fresh funds from SoftBank and other Chinese investors have been recently doing rounds, this latest unconfirmed…

ByGirish ShettiJuly 24, 20180Comments

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