Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…
South Korean automobile manufacturer Kia Motors is planning to pump in additional $54 million in its Andhra Pradesh plant. The announcement for the investment was made by the Chief Executive Officer of Kia Motors India Kookhyun Shim. “Kia was a big success in the Indian car market within 10 months of starting production. We are…
Gurugram and Patna-based agritech startup DeHaat recently announced that it has raised $12mn (₹83Cr) from investors. The recent funding round was led by Sequoia India and saw participation from FMO, the Dutch entrepreneurial development bank along with existing investors Omnivore and AgFunder. According to the company website, DeHaat is a technology-based platform offering full-stack agricultural…
Gurugram-based foodtech unicorn Zomato recently announced that it has raised $5mn in its Series J funding round. The funding round was led by Pacific Horizon Investment Trust PLC through its agent Baillie Gifford and Company. According to company regulatory filing, Pacific Horizon has been allotted 1,177 Compulsorily Convertible Cumulative Preference Shares (CCCPS). Each of these…
Food delivery platform Swiggy has recently raised $43mn in its ongoing Series I funding round. The funding round was led by existing investor Tencent and saw participation from Ark Impact Asset Management, Korea Investment Partners (KIP) and MACM India Growth Fund. The company had initiated its Series I round in February and had raised $113…
Elearning platform Lido Learning recently announced that it has raised $3mn in Series B funding from Rocket Internet founder-backed Picus Capital and Paytm President Madhur Deora. This is the Mumbai-based startup’s second fundraiser within just one year of its inception. The edtech startup had earlier raised $3mn in Series A funding round in November last…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…
Thiruvananthapuram-based neo-diagnostics startup Sascan Meditech Pvt. Ltd has recently raised an undisclosed amount of funding from Mumbai-based venture capital firm Unicorn India Ventures. The recent fund infusion by Unicorn India Ventures follows the first closure of its second fund at $12mn. SaScan is an innovative neo-diagnostics startup developing integrated hardware and software solutions for medical…
Mumbai-based early-stage fund Unicorn India Ventures recently announced the first close of its second equity fund at $12 million. The ₹400Cr second equity fund was announced last year and the funds for it have been raised from domestic investors comprising family offices and investors from the first fund. It is targeting to raise the total…
MeraKisan Private Ltd., a part of the Mahindra Group, and a prominent player in the organic agribusiness market, with a focus on avant-garde organic food supply chains, recently announced its partnership with Ajinkya Rahane, Vice-Captain of the Indian Test Cricket team. Ajinkya who hails from a farming background and is an ardent supporter of farmers…
US-based investment firm Falcon Edge Capital has raised $300mn India-focused venture capital fund Alpha Wave Incubation (AWI). The fund is anchored by investors from UAE and an undisclosed entity of the Government of Abu Dhabi. According to a report by The Economic Times, AWI is in the final stages of closing the corpus and is…
Coca-Cola plans to invest an additional US$3 billion (approximately Rs. 165,000 MN) in India through 2020 to further capture growth opportunities in the country’s fast-growing nonalcoholic ready-to-drink (NARTD) beverage market. With the new $3 billion investment, the Coca-Cola system now plans to invest $5 billion in India from 2012 to 2020. “Achieving continued sustainable, responsible…