Category: Investment

Meesho raises $50 million in its series-C funding round from Shunwei Capital, DST Partners, and RPS Ventures.

Meesho, an Indian-origin social commerce platform on Tuesday announced that the company had raised $50 million in Series C funding from new investors including Shunwei Capital, DST Partners, and RPS Ventures. Existing investors Sequoia India, SAIF Partners, Venture Highway, and Y Combinator also participated in the round. Total funds raised by Meesho in three funding rounds…

Tiger Global to invest $5-6 million in Indian software companies, Fyle and Facilio.

The US-based investment firm Tiger Global Management has advanced talks to invest $5-6 million each in two early-stage software companies Fyle and Facilio.  “The New York-based investment firm has issued term-sheets to the two software companies, according to three people aware of the development,” ET reported. For the past three years, the firm stayed low by focusing…

Fintech start-up NIRA raises $1 million seed funding.

Nira, Bangalore based fintech startup that provides small value credit to consumers with limited access to traditional modes of finance, has raised $1 million in seed funding from angel investors based in India and the United Kingdom. The firm will use the fundings to accelerate building out the core team and technology to drive the…

Schaeffler Group to invest Rs 1,000 crore more in India.

Schaeffler Group, the German-based manufacturer of rolling element bearings for automotive, aerospace and industrial uses, has planned to invest an additional Rs 1,000 crore in its Indian operations over the next three years. Recently, the firm completed its merger with Ina Bearings India and LuK India, which was announced back in August 2017.The firm is making…