BASIX Sub-K, the Hyderabad-based startup providing technology enabled transactional platform to unbanked and underserved population, has raised $10.5 Mn from Maj Invest to expand it’s human ATM network in Indian villages. BASIX Sub-K was founded in 2010 with an aim to bridge the digital divide and create a financially-inclusive society. It is understood that the…
India- and US-based firm, Inventus Capital Partners, has announced the final close of its third fund at $51.98 Mn. Inventus Capital raised its first fund of $51 million in 2009 and the second one closed with commitments of $106 million in January 2014, both of which had a focus on US and India. The fund…
Gurugram based online premium and luxury brands startup, Smytten, has raised $1.5 million in new funding round from Roots Venture. With this, the company has raised a total of $ 3 million. This round of funding will help Smytten expand their user base, build on their infrastructure and offline reach. Smytten is not like a…
India, is reaching out to top Czech companies to invest and scale up their investment in India in the engineering and technology sector. This is going to be another big step towards direct and indirect employment generation in the sector, while strengthening the Make in India programme. A high level Government – industry delegation led…
During his recent visit to France for the delivery of the first 36 Rafale combat jets, Defence Minister Rajnath Singh, while addressing the business heads of French defence industries – asked them to establish their production bases in India. He highlighted – low wages and availability of technical manpower – as one of the key…
NeuroLeap, a brain enhancement & mental health venture, founded by Kumaar Bagrodia, has raised an undisclosed amount of funding from Rajashree Birla, Chairperson, Aditya Birla centre for community initiatives & rural development and Sminu Jindal, MD, Jindal Saw & founder chairperson, Svayam. NeuroLeap uses advanced BCI Brain Computer Interface technology to safely understand brain activity…
Zero commission bank, Marquee Equity, has released its accredited investor platform, which helps seed stage companies get meetings with angel investors across the U.S. and internationally. “We have traditionally focused on delivering a stack that helps customers get in front of institutional investors. Doing this, we’ve been able to map out and provide access to…
U GRO Capital inked it first securitization transaction of around INR 25 crores with Poonawalla Finance Pvt. Ltd. on lst Oct and followed it up by issuing its first NCD totalling of around INR 50 crores subscribed to by Sachin Bansal in his private capacity. U GRO headquartered in Mumbai, is focused on addressing capital…
Info Edge (India) will be investing about Rs 35 crore in Greytip Software, a provider of cloud HR and payroll software solutions. Greytip was founded in 1994 and started focusing on software as a service (SaaS) in 2011. It has over 9,000 customers spread over 150 cities in India and the Middle East. A number…
India’s leading Hospitality unicorn OYO Hotels and Homes is on way to raise USD 1.5 billion in its latest latest round of funding. This round will be directed at its expansion in the US and towards strengthening its vacation rentals business in Europe. The Series-F funding will involve an infusion of approx. USD 700 million…
Bounce, the bike rental startup founded in 2014 is on way to raise its next round of funding which is expected to be in the range of $ 125 – $ 150 Mn. The company was founded in 2014 by Vivekananda HR, Varun Agni, and Anil G, and has been a key player in the…
The world’s largest furniture retailer IKEA is planning to invest Rs 5,000 crore in Uttar Pradesh. IKEA, which is planning to set-up a large format store in Noida, has signed a memorandum of understanding (MoU) with the Uttar Pradesh government for opening stores in the state. The investment would create over 8,000 direct and indirect job opportunities…
Online food delivery startup Swiggy has raised $1 billion in a fresh round of funding led by South African multinational internet and media group Naspers, with the entry of new investors like China’s Tencent, Hillhouse Capital, and Wellington Management. Avendus Capital was the financial advisor to the transaction. According to sources, with this new round of funding…
India’s leading ride-hailing company Ola has decided to invest an additional $100 million in scooter-sharing startup Vogo, this new funding will help the firm to expand its current fleet. The scooter-sharing startup started its service eight months ago with 2000 scooters in Bengaluru and Hyderabad, now with this new funding, the firm can acquire 100K new scooters that…
IndoSpace, one of India’s leading developer of industrial real estate and warehousing facilities, announced today that it held the final close on IndoSpace Logistic Parks III (“ILP III” or the “Fund”), the largest logistics real estate fund ever raised in India. The offering was significantly oversubscribed on the back of strong investor demand. US$ 580…