Edutech startup Unacademy secures $21-million in Series C Round

Edutech startup Unacademy raises $21-million in Series C funding. Edutech startup Unacademy has successfully raised $21-million in Series C funding round from Sequoia India, SAIF Partners and Nexus Venture Partners. The fundraising also saw participation from existing investor Blume Ventures. Following the latest round, Unacademy’s total fundraising amount has raised to $38.6 million. Unacademy plans to use…

ByGirish ShettiJuly 17, 20180Comments

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Weekly funding roundup: IndiaLends, Headout, Shop101 & others raised $32 Mn

This week 15 startups raised nearly $32 Mn. Big funding rounds continued to elude the Indian startup ecosystem this week that saw at least 15 startups raising nearly $32 Mn. The biggest funding round this week was worth only $10 Mn. While funding drought continues to plague the ecosystem, the only silver-lining during these tough times…

ByGirish ShettiJuly 14, 20180Comments

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India’s home grown bicycle sharing startup Mobycy in talks to raise $3 Mn

Bicycle sharing startup Mobycy may soon raise $3 Mn. India’s home grown bicycle sharing startup Mobycy is reportedly in discussion with several venture capital (VC) firms to raise nearly $3 Mn. According to reports, Venture Catalysts, IDG Ventures and Orios Venture Partners are top VC firms to take part in the on-going discussions. Mobycy last raised…

ByGirish ShettiJuly 13, 20180Comments

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Ola starts making Profit on each ride, aims to become profitable in 2018

Ola aims to become profitable by end of 2018. Ola has probably dropped off biggest ever hint that it may soon achieve the elusive milestone of becoming a profitable company. India’s largest cab hailing company on Thursday said that it has finally started making profit on each cab ride. This profitability on each ride has been…

ByGirish ShettiJuly 12, 20180Comments

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Chinese Bicycle sharing startup Ofo shuts down India Operations

Chinese Bicycle sharing startup exits from Indian market. Chinese bicycle sharing startup Ofo has decided to wind up its Indian operations as part of the firm’s new global strategy. The unexpected development comes barely six months after Alibaba backed Ofo had launched its services in India with an aim to create robust bicycle sharing ecosystem in…

ByGirish ShettiJuly 12, 20180Comments

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World’s first Blockchain Phone by HTC may arrive later this year

HTC's Blockchain phone Exodus may arrive later this year. Embattled smartphone maker HTC Corp has finally confirmed that it is on the brink of developing the world’s first blockchain phone ‘Exodus.’ The confirmation came at the ongoing annual tech conference Rise in Hong Kong. Despite the confirmation, Exodus’ release date continues to be subject of huge…

ByGirish ShettiJuly 11, 20180Comments

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OYO Rooms makes second acquisition, acquires IOT startup AbePlus

OYO ROOMS acquires acquires IOT startup AbePlus. Budget hospitality startup OYO Rooms has made its second acquisition after it acquired AbePlus, an Internet of Things (IOT) startup headquartered in Mumbai. However, OYO Rooms has refused to disclose the valuation of the deal. This acquisition will help OYO in developing an ecosystem aided by breakthrough technologies like IOT…

ByGirish ShettiJuly 11, 20180Comments

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India focused Chinese VC fund Ganesh Ventures to foray into Indian market

India focused Chinese venture capital fund Ganesh Ventures has decided to make an aggressive foray into Indian startup ecosystem. Ganesh Ventures is backed by eWTP Ecosystem Fund and also Lion Capital. Ganesh Ventures, which has a total funding corpus of $250 million, was founded by leading Chinese woman entrepreneur Jessica Wong. Apart from eWTP and Lion…

ByGirish ShettiJuly 10, 20180Comments

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Online Loan Marketplace IndiaLends raises $10 Mn in Series B round

IndiaLends raises $10 million in series B round. Fintech industry seems to have become the new darling of investors as this new age sector continues to attract big moolah from the investment community. The latest Fintech startup to receive blessing from investors is IndiaLends. The Delhi headquartered startup secured $10 million (nearly Rs 69 crore) in…

ByGirish ShettiJuly 9, 20180Comments

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Weekly funding roundup: LoanTap, HungerBox, Scale Labs, Leena AI & others raised $32.35 Mn

This week 10 startups secured $32.35 from investors. This week 10 startups managed to scoop funding of worth $32.35, signifying relatively low funding volume. This week’s low funding activity is yet another reflection of the funding drought existing in the startup ecosystem. Below we’ve enlisted the startups that managed to win over investor’s faith this week…

ByGirish ShettiJuly 7, 20180Comments

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