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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China’s Shunwei Capital leads $6.25 Mn round in Fintech startup Loantap

Fintech startup Loantap raises $6.25 mn in fresh round. Mumbai headquartered fintech startup Loantap has secured $6.25 Mn (INR 43 Cr) in fresh fundraising round. The equity funding round was spearheaded by China based VC firm Shunwei Capital, while existing investors India Quotient and Kae Capital also infused funds in the round. Private investment company Tuscan…

ByGirish ShettiJuly 5, 20180Comments

News

Blow to Cryptocurrencies: SC refuses to overturn RBI ban

India’s Supreme Court on refuses to overturn RBI's ban on cryptocurrencies. In a major blow to Cryptocurreny industry, India’s Supreme Court on Tuesday refused to overturn Reserve Bank of India’s (RBI) blank ban that bars banks and other financial institutions from trading into cryptocurrencies. The SC’s judgment over the sensitive issue, which was supposed to arrive…

ByGirish ShettiJuly 4, 20180Comments

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Facebook Partially Revokes ban on Cryptocurrency ads

Facebook does u-turn on Cryptocurrency ad ban. In a surprise move, Facebook has announced that it has revoked ban on cryptocurrency advertisements. However, the ban has been only partially lifted as ads related to ICOs and binary options will continue to face prohibition. Announcing about revocation of the ban, Facebook’s newly revised prohibited products and services policy…

ByGirish ShettiJune 28, 20180Comments

Utility focussed

Times Internet takes second bet in OTT space, buys South Korea’s MX Player

Times Internet acquires South Korea’s MX Player for $144 Mn. Although Times Internet’s maiden OOT venture Box TV faced closure in 2016, it has decided to take yet another bet in the OTT segment. Times Internet, part of the media conglomerate Bennett Coleman & Co. Ltd (BCCL), confirmed on Thursday that it has acquired South Korean…

ByGirish ShettiJune 28, 20180Comments

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PolicyBazaar earns Unicorn status with $200 Mn funding from SoftBank

PolicyBazaar raises over $200 Mn from SoftBank. Online insurance startup PolicyBazaar has become the latest entrant into the once elusive unicorn club, after it raised over $200 Mn from global tech investor SoftBank. The series F funding round was the result of almost six months of hectic negotiation between the Gurugram based PolicyBazaar and Tokyo headquartered…

ByGirish ShettiJune 26, 20180Comments

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Tencent backed Meituan-Dianping files for IPO in Hong Kong

Tencent funded Meituan-Dianping files for IPO. China’s popular all-in-one app Meituan-Dianping filed for an IPO in Hong Kong stock exchange during early trading hours on Monday. Through this public issue, the Tencent backed startup reportedly aims to raise nearly $4 billion at market valuation of approximately $60 billion. Meituan-Dianping has so far refused to comment on…

ByGirish ShettiJune 25, 20180Comments

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Weekly Funding Roundup: Swiggy, IndiQube, Wonderchef, Cashify & others raised funds

This week 13 promising startup secured funds. This week total 13 promising startups managed to secure funds from investors as funds keep coming by despite the ongoing funding crunch in the Indian startup ecosystem. Once again startups hailed from diverse sectors like online food delivery, Fintech, co-working space, healthcare among others. Here is a look down…

ByGirish ShettiJune 23, 20180Comments

News

Zomato in discussion to raise $400 million from existing Investors: Report

Zomato in discussion to raise $400 million in fresh funding round. Online food delivery major Zomato is in discussion to fetch nearly $400 million through fresh funding round, according to people familiar with the matter. The development comes barely hours after Zomato’s main rival Swiggy raised $210 Mn from DST Global & other investors, propelling the…

ByGirish ShettiJune 22, 20180Comments

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