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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Byju’s cracks fourth acquisition deal, buys Math Adventures for undisclosed amount

Byju’s buys Math Adventures for undisclosed amount India’s largest e-learning company Byju’s has cracked its fourth acquisition deal as it buys math learning startup Math Adventures. However, Byju’s has refused to disclose the exact valuation of the deal, giving weigh to rumors that this may be an acquihire and not acquisition per say. Following the acquisition deal,…

ByGirish ShettiJuly 24, 20180Comments

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End of an era: Flipkart to put curtains down on eBay

Flipkart to shutdown Ebay's India business. In what could only be termed as end of another notable era in India’s e-commerce chapter, Flipkart has decided to pull down shutters on one of the oldest online shopping websites in India – eBay.in. The Bengaluru based e-commerce giant will be replacing eBay with brand new online platform that…

ByGirish ShettiJuly 24, 20180Comments

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Niti Aayog to invest in 80 Incubation centers in Phase 2 of Startup India Initiative

Niti Aayog to fund 80 Incubation centers. NITI Aayog, Government of India’s newly formed think tank, will fund 80 incubation centers across the country. This funding exercise will be part of the second phase of Startup India Programme that was announced earlier this year. This information was disclosed in the lower house on Monday by C R…

ByGirish ShettiJuly 23, 20180Comments

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Media analytic startup Vtion secures funds from Angel List India: Report

Vtion raises $280,000 from Angel List India. Media analytic startup Vtion has reportedly managed to raise $280,000 from popular investment network Angel List India. According to reports, Rahul Khanna, Rajeev Arora and Ram Ramsundar participated in the angel round on behalf of Angel List India. Funds were also sourced from several angel investors settled in Stockholm,…

ByGirish ShettiJuly 23, 20180Comments

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Weekly Funding Roundup: Bookmyshow seals one of the biggest Funding rounds in recent times

This week Bookmyshow and Unacademy raised the biggest funding rounds. This week turned out to be pretty decent one on the funding front, with quite a few big names like Bookmyshow and Unacademy getting a much needed funding boost. And there were, of course, several small and promising startups that managed to win investor’s confidence. Here…

ByGirish ShettiJuly 21, 20180Comments

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Popular OTT platform TVF Play secures $6 million from Tiger Global: Report

OTT platform TVF Play raises $6 million from Tiger Global. Popular over-the-top (OTT) platform The Viral Fever (TVF) has raised $6 million (nearly 41 crore) in fresh funding round from existing investor Tiger Global, according to people privy with the matter. Sources familiar with the matter further claimed that TVF has raised the funds at a…

ByGirish ShettiJuly 20, 20180Comments

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Mahindra Finance pumps Rs 4 crore in P2P Startup RupeeCircle: Report

Mahindra Finance invest Rs 4 crore in P2P Startup RupeeCircle. Non-banking financial company (NBFC) Mahindra Finance has pumped Rs 4 crore (nearly $588,000) in peer-to-peer (P2P) lending startup RupeeCircle, according to reports. Reports further claim that this investment will give Mahindra Finance 13% stake in RupeeCircle. Both Mahindra Finance - part of the Indian conglomerate Mahindra &…

ByGirish ShettiJuly 19, 20180Comments

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Bookmyshow raises $100 million to compete with Paytm

Bookmyshow raises $100 million from TPG Growth. Popular online ticketing platform Bookmyshow has announced that it has raised $100 million in Series D round. The fundraising round was led by TPG Growth, which is an investment arm of US based investment giant TPG. Several existing investors also participated in the round, according to Avendus Capital, which…

ByGirish ShettiJuly 18, 20180Comments

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Tendulkar backed Smaaash eyes IPO for raising Rs 500 crore: Sources

Tendulkar backed Smaaash is reportedly planning for IPO. While most celebrity backed startups continue to struggle, Sachin Tendulkar backed startup Smaaash Entertainment is proving to be an exception. The indoor gaming and virtual sports company is reportedly planning to soon launch an IPO for raising Rs 500 crore from the capital market. Sources close to the matter…

ByGirish ShettiJuly 18, 20180Comments

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