Grocery Startup Grofers Plans to Raise $65 Mn at Lower Valuation: Report

Grofers is in discussion to raise nearly $60-65 Mn. Online grocery delivery startup Grofers is in discussion to raise nearly $60-65 Mn capital from some of its existing investors. However, these funds will be reportedly raised at almost 40% drop in current valuation of the company. According to business publication LiveMint, two sources familiar with the matter…

ByGirish ShettiFebruary 21, 20180Comments

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Sequoia Capital is Planning Largest Ever India Fund: Report

Sequoia Capital is planning $1 billion India focused fund. California based Venture Capital (vc) major Sequoia Capital is working on last minute details to raise nearly $1 billion for its latest India focused funds, according to people familiar with the matter. If there is any element of truth in this report, this year may turn out…

ByGirish ShettiJanuary 24, 20180Comments

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Barcelona Based Delivery startup Glovo Secures €30 million Series B Funding

on-demand delivery startup Glovo raises fresh funding. Barcelona based on-demand delivery startup Glovo has raised nearly €30 million in series B round led by Rakuten Capital and Cathay Innovation. Existing investors Seaya Ventures, Entreé Capital & others also participated in the round. The news of funding comes after the Spanish media was recently buzzing with the…

ByGirish ShettiOctober 4, 20170Comments

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Ola Rakes up $2 billion from Soft Bank, Tencent & Other Investors: Report

Ola raises $2 billion dollars in fresh round of funding. India’s homegrown cab hailing company Ola has raised $2 billion from clutch of high profile investors including giants like SoftBank Group Corp and Tencent Holdings Ltd, according to several media reports. Chinese internet juggernaut Tencent has reportedly contributed $400 million in this round. Media reports further…

ByGirish ShettiOctober 3, 20170Comments

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India’s Most Successful Viral Content Company WittyFeed Raises Pre-Series-A Funding

Viral Content Company WittyFeed Raises Pre-Series-A Funding. The viral content marketing platform WittyFeed has secured undisclosed amount in a Pre-Series-A round, which was led by clutch of seasoned and marquee investors. These investors include Anand Chandrasekaran (Former Snapdeal CPO), Apurva Chamaria (VP & Head Corporate Marketing , HCL Technologies), Ritesh Malik (Co-Founder, Innov8), along with group…

ByGirish ShettiSeptember 12, 20170Comments

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Southeast Asian Fashion Marketplace Zilingo Raises $17 Mn

Fashion startup Zilingo raises $17 Mn. Zilingo, a fashion marketplace focused on Southeast Asian market, has raised $17 Mn through series B round. The round was led by Sequoia Capital India & Burda Principal Investments, while existing investors including Venturra Capital, SIG, Beenext, and Wavemaker also participated. Additionally, new investors Tim Draper (founder of DFJ) and…

ByGirish ShettiSeptember 12, 20170Comments

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Weekly Funding Roundup: Oyo Rooms. Vulcan Express, LendingKart & More

Weekly startup funding roundup. This week more than 10 Indian startups managed to rake up $300 m in funding, making it probably one of the busiest weeks for startups this year. Although $300 m may not be a very significant investment amount, but is worth appreciating that many startups hailed from lot of diverse sectors. This…

ByGirish ShettiSeptember 9, 20170Comments

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Credit scoring Startup CreditVidya Bags Fresh Funding from Matrix & Kalaari

fintech startup CreditVidya bags $5 m in fresh funding. Credit scoring startup CreditVidya has bagged nearly $5 Mn (Rs 32 crore) through fresh round of funding led by Matrix Partners India. Existing investor Kalaari Capital, which invested approximately $2 million last year, also participated in the round. As part of the pre-arranged deal, CreditVidya allotted 5,951 Series…

ByGirish ShettiSeptember 7, 20170Comments

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Weekly Funding Review: Healthcare Startups Grab Most Funds

Healthcare startups grabbed most amount of funds. It is no more raining funds for Indian startups. Since the mid-2015, funds have been hard to come by for most startup companies. Nonetheless, every week many promising startups still manage to win the faith of investors and this week was no different. What was special about this week…

ByGirish ShettiSeptember 2, 20170Comments

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Health Startup CureFit Laps up $25 million in Series B Funding

CureFit raises $25 million in Series B funding. The Bengaluru based health and fitness startup CureFit has lapped up $25 million (Rs 160 crore) in series B funding from its existing investors, according to the statement issued by the company. The existing investors include Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund. Almost one week…

ByGirish ShettiAugust 28, 20170Comments

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