Paytm, an Indian e-commerce payment system and financial technology company have invested an undisclosed amount in Infinity Transoft Solutions, a Rajkot-based bus ticketing technology startup. Infinity Transoft Solutions was founded by Bhavesh Gadhethariya in 2004. It is understood that the company will use the funds in business growth and expand its team. In a media…
Lucideus, a cyber risk assessment services and platforms, have raised $7 million in a funding round led by California-based MS&AD Ventures, along with participation by venture capital firm Western Technology Investment. The company was founded by Saket Modi, Vidit Baxi & Rahul Tyagi in 2012. The company will use the funds to double its engineering…
Infra.Market, a B2B marketplace for real estate and construction materials, has raised $20 million in its series A funding round led by US-based investment firm Tiger Global, Nexus Venture Partners and Accel Partners. The company was founded by Aaditya Sharda and Souvik Sengupta in 2016. Earlier, the company had raised $3.5 million in a seed…
Bangalore-based electric vehicle maker Ather Energy has announced the signing of MoU with the Tamil Nadu government for a 400,000 sq.ft. manufacturing facility. The MoU was signed at the Investment and Skill Development Conclave in Chennai. The new facility will be located in Hosur, Tamil Nadu. The electric vehicle maker has stated this move as…
United State’s based Accel Partners, a venture capital firm, has raised about $550mn for its 6th fund specifically for investments in India’s booming start-up ecosystem. This fund is a notch higher than its 5th fund which set a figure of about $450mn in 2016. Accel has so far raised $1 billion capital across five rounds…
Indian scooter rental start-up Bounce raised $150 million in an ongoing funding round led by its existing investors Eduardo Saverin’s B Capital and Accel Partners India. The current financing round, dubbed as Series D funding raised the market value of Bounce to $500 million. Earlier this year in June, during its Series C funding, the…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…
Vested Finance, a financial technology platform that empowers international investors, has raised an undisclosed amount in a fresh round of investment led by Inflection Point (IP) Ventures. The company was founded by Viram Shah, Darwin Arifin, Eric Huynh, and Yinghan Lin in 2018. It is understood that the company will utilise the funds to expand…
Acko, a private sector general insurance company, has raised fresh funding of $16 million from growth stage investment firm Ascent Capital. A few media reports suggest that the Binny Bansal, ex-CEO and founder of Flipkart, may have invested around $20 million in Acko. The company was founded by Varun Dua in 2016. Last year, Acko…
GreyAtom, an Edtech startup, has raised f $ 1.2 million in a pre-Series A round from Montane Ventures. Other investor Pravega Ventures, and Ritesh Arora, Cofounder and CEO of web and mobile testing platform BrowserStack, also participated in the round. The company was founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri in 2017.
Paytm, an Indian e-commerce payment system and financial technology company, is in advanced talks with multiple investors, including former UK Prime Minister David Cameron to raise another $1 B in funding. As per sources, the discussions are on and might take a few weeks to get finalised. Paytm is presently backed by investors – T Rowe Price, Ant Financial and SoftBank Vision Fund.
Zumutor Biologics, an Immuno-Oncology company, has raised $4 million in Series A2 funding led by new investor Bharat Innovation Fund (BIF). The round also saw participation from its existing investor Accel Partners. With this round, the total funding raised by the startup stands at around $20 million. The company was founded in 2015 by Kavitha Iyer Rodrigues
BlackBuck, India’s largest trucking platform, has raised about Rs 56.23 crore from Trifecta Venture. The funding is a mix of equity and debt. Apart from this, the company has raised Rs 6.23 crore through issuance of 322 Series D CCPS in equity priced at Rs 1.93 lakh, which still has to be received by BlackBuck.…
Holisol Logistics, a leading supply chain and logistics enterprise, has raised Rs 20 crore in asset finance from Mumbai-based NBFC BlackSoil Capital. The company was founded by Manish Ahuja, Naveen Rawat and Rahul S Dogar in 2009. Earlier, the company had raised equity capital from CLSA and Datavision. It is understood that the funds will…
Ess Kay Fincorp, a Non-Banking Finance Company (NBFC), has raised $33 million in a round led by private equity fund TPG, Norwest Venture Partners, a multi-stage growth investment fund and Evolvence India, a leading India focused Private Equity platform. The company was founded by Rajendra Setia in 1992. The company plans to utilise the funds in…