Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…
Category: Investment
Patna-based Ergos Business Solutions raises Rs38.5 cr from Chiratae Ventures, Aavishkar Capital
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•Ergos Business Solutions, a transformational bank for the farmer which leverages technology to seamlessly provide custodial services (warehousing, loans, & market-linkages) thereby enabling the farmer to convert his produce to a financial asset, has announced that it has raised Rs 38.5 crore in Series A funding. The funding round was led by Chiratae Ventures and…
Bengaluru-based Unocoin raises funding from Draper Associates, others
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•Unocoin, an Indian bitcoin processor that enables users to buy, sell, store, use, and accept bitcoins has announced that it has raised funding from Draper Associates, along with participation from XBTO Ventures and 2020 Ventures. Founded by Abhinand Kaseti, Harish B V, Sathvik Vishwanath and Sunny Ray, Unocoin’s users can print paper wallets and import…
India’s Locus invests €2 mn in Europe for smart logistics solutions
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•Locus, a global B2B Software-as-a-Service (SaaS) company that automates human decisions in logistics, announced that it is investing €2 million in Europe for product and business development. The company’s smart logistics solutions will help reduce carbon emissions and increase operational efficiency. Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions like…
Warburg Pincus plans to invest Rs700 cr in Home First
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•Warburg Pincus, a US based private equity firm, through it’s affiliate Orange Clove Investments BV has announced that it has entered into an agreement to invest about Rs 700 crore in Home First Finance Company India Ltd on October 2, 2020. The announcement came in from the leading global private equity firm focused on growth…
Delhi-based startup Pesto Tech raises funding from angel investors
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•Pesto Tech, a career accelerator for software engineers has raised funds from a group of angel investors. Ryan Hoover, Founder of Product Hunt; angel investor Anand Chandrasekaran; Ankur Nagpal, Founder and CEO of Teachable; Sahil Lavingia, Founder and CEO of Gumroad; Hiten Shah, Co-founder and CEO of FYI, usefyi.com; Andreas Klinger, Investor at Remote First Capital;…
SaaS startup Omnify raises pre-Series A funding, appoints Nikhil Moorjani as Chief Growth Officer
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•Omnify, a Global SaaS platform for small services business based out of San Francisco has announced the close of its Pre-Series A funding round led by AngelList Syndicate and Sequoia Scout, according to YourStory report. Angel investors that took part in the funding round include Ramakant Sharma (Co-founder, LivSpace); Anand Chandrasekharan (Executive Vice President, Product…
Mahindra Holidays acquires strategic minority stake in Rocksport
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•Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading vacation ownership company, and part of the US$ 19.4 billion Mahindra Group, announced acquisition of a strategic minority stake (6.67% stake) in Great Rocksport Private Limited, (Rocksport) Asia’s largest adventure program that introduces participants to the exciting world of soft adventure activities and outdoor experiences. Commenting…
Veritonic raises $3.2 mn Series A funding led by Greycroft
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•Veritonic, the world’s first audio intelligence platform has announced that it has raised $3.2 million led by Greycroft with participation from Lerer Hippeau and Audible, an Amazon company. The new investors were joined by existing investor Newark Venture Partners, which led the previous round of funding. Veritonic will use the funding to hire top talent…
Bengaluru-based Gourmet Garden raises fresh funding from Incubate Fund India, Whiteboard Capital
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•Gourmet Garden, the Agricultural technology startup based in Bengaluru has raised a fresh funding from Incubate Fund India and Whiteboard Capital, according to ETtech report. The startup was founded by Arjun Balaji, a former partner at McKinsey, and Vishal Narayanaswamy. The company plans to use the funds to expand to Chennai, Mumbai and Delhi, scale…
Treebo Hotels raises $6 mn in fresh funding from existing investors
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•Treebo Hotels, the Bengaluru-headquartered budget hospitality chain, announced that it has raised $6 million in fresh funding led by its existing set of investors – Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India, according to ETtech report. The latest round of financing comes more than three years after Treebo raised $34 million in…
Flipkart allotted 140 acres to set up Asia’s largest fulfilment center in Haryana
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•The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) announced that it has allotted 140 acres of land to Walmart-owned Flipkart for Rs 432 crore. Flipkart will use the land to set up its largest fulfilment centre in Asia. HSIIDC said that the project will give impetus to further investments in the region and…
Govt of India approves Samsung, iPhone makers for Rs10.5 lakh cr smartphone incentive plan
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•The Government of India has approved applications of Samsung and 3 Apple iphone makers — Foxconn Technology Group, Wistron Corp., Pegatron Corp., to manufacture mobile phones in the country over the next five years. They are among the 16 companies that won approval under the Production-Linked Incentive scheme (PLI). According to the Indian Ministry of…
Infosys to acquire Blue Acorn iCi
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•Infosys, a global leader in next generation digital services and consulting, announced a definitive agreement to acquire Blue Acorn iCi, Adobe Platinum partner in the US, and a leader in digital customer experience, commerce and analytics. The move further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their…