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ShareChat, a social networking and regional content platform, announced that it has acquired Memer, a meme discovery and sharing platform. Financial details of the transaction remain undisclosed. Post acquisition, Memer’s product suite will be integrated into Twitter-backed ShareChat, while the eight-member team will join the Bengaluru-based startup. “Today, ShareChat is on a rapid growth path,…
KKR, a global investment firm, announced that it has entered into a definitive agreement with leading infrastructure developer Shapoorji Pallonji Infrastructure Capital to acquire five solar energy assets for a total consideration of Rs15.54 billion (approximately US$204 million). This transaction is the KKR’s second investment in India. The solar energy assets KKR has acquired from…
Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders. According to an official statement released by the…
Digitate, a software venture of Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced the release of ignio Cognitive Procurement to help enterprises make smarter purchase decisions and take action faster. Global organizations with large and diverse procurement needs, can get superior outcomes by minimizing the number of purchase transactions…
B2B SaaS platform Templafy recently announced that it has raised $25mn in its Series C funding round led by global venture capital and private equity firm Insight Partners. With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised to almost…
Convosight, a SaaS based community management platform, announced that it has raised $4 million in its pre-Series A funding from IvyCap Ventures and Sequoia Capital’s accelerator fund Surge. The company plans to use the funds raised to strengthen its team across product and marketing functions as well as invest further to improve its technology and…
Days after Reliance and Facebook signed the $5.7 billion deal, Mukesh Ambani’s ambitious project JioMart has gone live on WhatsApp. Currently in its pilot phase, the service is live only in some areas of Mumbai including Navi Mumbai, Thane and Kalyan. The company plans to roll out the service in other parts of the country…
Flipkart, India’s leading e-commerce marketplace, announced that it has pumped an additional $28 million into PhonePe, taking the total infusion till date to $928 million, according to regulatory filings made by the Company’s Singapore-based parent. PhonePe Singapore is a fully-owned Flipkart Internet entity. “Walmart will continue to bankroll PhonePe,” said a person in the know.…
Tigerhall, a Singapore-based knowledge sharing platform, announced that it has raised $2 million in a funding round led by Sequoia Capital India’s scale-up programme Surge. Other investors in this round include the XA Network (formerly known as Xoogler Angels), Taurus Ventures, and angel investors. The company will use the funds for product development, new senior…
Finaureus Technologies Pvt. Ltd, a Pune-based Fintech startup, announced that it has raised pre-Series A funding from proprietary investment firm Pinetree Capital. Financial details of the funding remain undisclosed. The funding is part of the company’s pre-Series A round, Finaureus said in a statement. Finaureus was launched in 2017 to provide investment management solutions to…
Drink Prime, a Bengaluru-based water purifier startup, announced that it has raised over Rs 3.6 crore as part of its seed round of funding from a clutch of investors including Snapdeal founders, as stated in a media report. Angel investor Bharath Jaisinghani and Ankit Agarwal, who is the director at Innoven Capital, also participated in…
The coronavirus pandemic has not only affected human interaction but has brought the economy to a complete halt. The impact of the crisis can be seen taking a toll on several new-age startups and SMEs who have now resorted to cost-cutting measures. Companies like OYO, Swiggy, Meesho, Bounce, Udaan, and Paytm have either laid off…
While everybody is hoping for the lockdown to get over on May 3rd and businesses start functioning like usual, a senior Haryana govt official has recently said that Gurugram might have to wait a little longer for that sight. According to Gurugram Metropolitan Authority Chief Executive Officer and Haryana Government Additional Chief Secretary V.S Kundu,…
In these hard times when the global economy has been deeply impacted because of the Covid-19 pandemic, Sequoia India’s accelerator program Surge has invested in the Indian startups. The accelerator fund ‘Surge’ has backed 15 startups across India and Southeast Asia. Rajan Anandan, the executive who previously ran Google’s business in India and Southeast Asia,…
Guvi, a vernacular-language based Edtech startup owned by Guvi Geek Network Private Limited, announced that it has raised Rs 6 crore pre-series A funding from Education Catalyst Fund, an education-focused venture capital fund managed by CBA Capital. Earlier, the company had raised funds from US-based investor Gray Matters Capital. SP Balamurugan, the CEO at Guvi…