Category: Investment

CarDekho raising $100M from Sequoia’s global growth fund.

Girnarsoft, which owns online auto portal Cardekho, is raising a massive $100 million in its latest investment round led by Sequoia Capital. Its expected that the existing investor Hillhouse Capital will also be participating in the round. According to an ET post, the investment values Gurgaon-based Cardekho between $400 million and $500 million, which is a little higher than…

Warburg Pincus Leads Rs 520 Crore Funding of Delhi-based Fusion Microfinance.

Warburg Pincus LLC, an American private equity firm has acquired a minority stake in Fusion Microfinance, a non-banking financial company (NBFC) for Rs.520 crore ($ 75 million). Creation Investment, an existing investor, has also participated in this round. Investors such as Belgium’s Incofin, NMI, BIO and SIDBI have made successful exits in this round. “This is…

Audi to invest €14 billion for self-driving and electric cars.

Bram Schot Audi, a member of the Volkswagen Group that designs, engineers, produces, markets and distributes luxury vehicles announced on Tuesday that it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving, and digital services. In a statement, the German automaker said…

Singapore’s Grab May Invest $100 million in OYO Hotels & Homes.

Singapore-based technology company, GrabTaxi Holdings Pte. Ltd. that offers ride-hailing, food delivery service through its app is in advanced discussions to invest $100 million (Rs 697.7 crore) in Indian hospitality chain OYO Hotels & Homes. The proposed investment is expected to be made through A1 Holdings Inc., an entity controlled by Grab, is a part of the OYO’s ongoing $1billion…

UrbanClap raises $50M from Steadview Capital & Vy Capital.

UrbanClap, a Delhi based Home services start-up, has raised $50 million in primary capital in a Series D funding round led by Steadview Capital Management and existing investor Vy Capital. According to data from CrunchBase, till now UrbanClap has raised $110 million. While Steadview Capital has invested about $30 million, Vy Capital has invested the remaining, also this…