Truck aggregator startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments, according to the ETtech report. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to…
Rural commerce startup Rozana said it has raised $22.5 million (about Rs 186.5 crore ) in funding led by Bertelsmann India Investments, along with participation from Fireside Ventures and its existing investors, according to the ETtech report. The New Delhi-based firm will use the funds to expand its warehousing and logistics operations into new districts,…
Logistics aggregator Shiprocket has raised $41.3 million in a funding round co-led by PayPal Ventures, the venture investment arm of PayPal, and existing investor Bertelsmann India Investments, according to ET report. Other existing investors Info Edge Ventures, March Capital, Tribe Capital and Innoven Capital also participated in the round. Shiprocket’s strategic partners like Razorpay and…
Shiprocket, India’s eCommerce Logistics and Shipping Solution provider, announced it has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by Tribe Capital and March Capital. DST Global’s Rahul Mehta and Bertelsmann India Investments also participated in the round. The round gives an exit to some…
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…
iNurture Education Solutions Pvt. Ltd, a Bengaluru-based ed-tech startup that provides formal higher education programmes in India, announced that it has raised $4 million from Kimera Ltd, a Dubai-based family office, according to a VCCircle report. The company is backed by other investors that include Bertelsmann India Investments, Ascent Capital, BlackSoil Capital Pvt. Ltd and…
Lendingkart Technologies Private Limited, a fintech startup that develops technology tools based on big data analysis, announced that it has raised an equity round of little over Rs 319 crore in its Series D funding led by existing investors. Fullerton Financial Holdings Pte Ltd, Bertelsmann India Investments, Sistema Asia Fund and India Quotient participated in…
Shiprocket, a logistics aggregator, announced it has raised $13 million led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments. The company in a statement said that the latest capital infusion gives nearly 30 times returns in five years for Shiprocket’s angel investors who exited in…