Ola acqui-hires Pikup.ai for Developing Deep Tech Solutions for Mobility

Bengaluru based Ride hailing major Ola on Tuesday acqui-hired artificial intelligence startup Pikup.ai. Since this was an acqui-hire, no financial transactions were involved in the deal. As is expected from an acquihire process, Pikup.ai’s Inder Singh and Ritwik Saikia along with its entire technical team will join Ola’s team. Ola acqui-hires Pikup.ai in its quest to…

ByGirish ShettiAugust 13, 20190Comments

Funding News

Meesho in Talks to Raise $150 -200 Mn from SoftBank

After becoming the first Indian startup to attract investment from Facebook, Meesho is likely to add another high-profile investor in its boardroom. According to sources, Bengaluru based startup is in talks with Japanese tech giant SoftBank to raise $150-200 million. Existing investors are also likely to participate in the fundraising exercise but the talks are…

ByGirish ShettiAugust 12, 20190Comments

Funding News

News aggregator startup Dailyhunt raises Rs 21 Cr in Series F funding

News aggregator startup Dailyhunt has secured $3 Mn (INR 21.75 Cr) in the ongoing Series F funding round. Stonebridge Capital was the sole investor in this round. It is still not clear whether the Bengaluru based startup will formally close the Series F round following the latest funding. News aggregator startup Dailyhunt secures Rs 21…

ByGirish ShettiAugust 9, 20190Comments

Funding News

Startup Accelerator ‘Risers Accelerator’ Picks up Stake in Three Promising Startups

Startup accelerator specialist 'Risers Accelerator' has funded three start-ups -- Cosmeto Food, Zeleno, and Playtoome - with a total investment of approx. Rs 11 Crore. Risers Accelerator is a conglomerate of 35 individuals based out of Delhi and has been aggressively promoting start-ups with good business potential. Delhi based startup accelerator ‘Risers Accelerator’ invests Rs 11…

ByGirish ShettiAugust 8, 20190Comments

News

To cut Operational Cost, Zomato Fires Nearly 100 Employees

Foodtech major Zomato has fired nearly 70-100 employees from its customer support team in Gurgaon in its latest cost-cutting drive. The Gurgaon headquartered startup has confirmed the development. However, the company claims that downsizing of the support team is not due to financial non-performance but correction carried out owing to improvement in overall service quality. Zomato…

ByGirish ShettiAugust 8, 20190Comments

Funding News

Co-working startup GoWork secures $53 Mn Debt funding from BlackRock

BlackRock, the world’s largest asset management company, has staged a comeback after a long time with $53 Mn (nearly Rs 375 crore) debt investment in co-working startup GoWork. The New York headquartered investment giant made the investment proceedings through a private fund. The financing will be done for over the period of two years or…

ByGirish ShettiAugust 6, 20190Comments

Funding News

PhonePe in Talks to raise another $1 Bn from External Investors

PhonePe, which last week received capital infusion of $1 Bn from its parent company, is in talks to raise another $1 Bn through external funding. Economic Times (ET) report claims that group of high profile investors including DST Global, Ribbit Capital, Falcon Edge and Green Oak have held investments talks spanning across several weeks and…

ByGirish ShettiAugust 5, 20190Comments

Funding News

Weekly Funding: Rebel Foods, MindTickle, Vymo and others raised funds

This week proved to be a happy hunting ground for startups on the fundraising front. After a long time, investors generously opened up their coffers as several promising startups collected big cheques and went to their banks all smiling. To tell you more about this, we bring you this week’s top 10 funding activities in…

ByGirish ShettiAugust 3, 20190Comments

Funding News

UrbanClap Raises Second Funding Round in a Week

Fresh from its recent funding round that took place few days back, Home services marketplace UrbanClap has now raised $75 Mn in series E round. The round was led by venture investment giant Tiger Global while existing investors Steadview Capital and Vy Capital also contributed to the round. UrbanClap raises $75 Mn in series E round…

ByGirish ShettiAugust 2, 20190Comments

Funding News

Faasos’ Parent Firm Raises $125 Mn from Goldman Sachs & Others

Online food-on-demand company Fasoos’ parent company Rebel foods, which describes itself the world’s largest internet restaurant company, has raised $125 Mn in its latest round. According to Bloomberg, California based Coatue Management, Investment giant Goldman Sachs and Indonesia based on-demand services company GoJek along with other investors participated in the round. The investment deal was reportedly…

ByGirish ShettiAugust 1, 20190Comments

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