Suviral Shukla
Startups
SAIF Partners, others infuse $20 million in logistics startup Rivigo via series F round of funding
Rivigo, a logistics startup is reportedly all set to secure $20 million (approx INR 141.97 crore) in its series F round of funding from SAIF Partners India VI and Spring Canter Investment Ltd, cited Mint.
The platform Rivigo claims to...
Startups
Smart home and security solution startup Cubical Laboratories bags an undisclosed amount of funding in pre-series A round from Rockstud Capital
Cubical Laboratories, a smart home and security solution platform, has raised an undisclosed amount of funding in its pre-series A round from Rockstud Capital, cited Inc42.
Post transaction, the Delhi-based startup Cubical Laboratories will be valued at $11 million (approx...
Startups
Online gaming platform Rein Games raises INR 5 cr from MEMG, Titan Capital, other individual investors
Rein Games, an online gaming platform, has bagged INR 5 crore in a seed round from Ranjan Pai’s Manipal Education and Medical Group (MEMG) family office, Titan Capital, other individual investors, reported Inc42.
The Noida-based startup Rein Games will be...
Startups
Agritech startup Ecozen Solutions bags $6 million in series A funding round from IFA Fund
Ecozen Solutions, an agritech startup, has bagged $6 million (approx INR 42 crore) in series A round of funding from Sathguru Catalyser's Innovation in Food & Agriculture Fund (IFA Fund), cited Inc42.
According to Devendra Gupta, cofounder and CEO of...
Startups
Reliance Industries acquires SaaS-based startup NowFloats Technologies for $20 million
Reliance Industries has acquired SaaS-based startup NowFloats Technologies for $20 million (approx INR 141.63 crore), cited Inc42.
Post acquisition, the Reliance Industries will hold 85 per cent equity in Hyderabad-based startup NowFloats.
Whereas, Reliance has also proposed to further invest up to...
Startups
General Atlantic, GGV Capital in talks to invest $100 million in edtech startup Unacademy, say sources
Unacademy, a Bengaluru-based edtech startup is reportedly in talks to secure $100 million (approx INR 706 crore) in series E round of funding from General Atlantic and GGV Capital, reported Mint, citing three sources.
Post transaction, the edtech platform Unacademy...
Startups
Walmart, Flipkart back supply chain startup Ninjacart with undisclosed amount
Ninjacart, a supply chain start-up has bagged an undisclosed amount of funding from Walmart and Flipkart, reported Mint.
The platform Ninjacart will be using the infused financials to strengthen their direct sourcing of fresh produce.
The funding is a joint strategic...
Startups
Flipkart-owned PhonePe raises INR 585 cr from Singapore-based parent firm
PhonePe, a digital payments platform, which is owned by Flipkart, has reportedly raised around INR 585.66 crore from its parent firm, cited Mint.
As per the sources, PhonePe Pvt Ltd, Singapore, (formerly Flipkart Payments Pvt Ltd) was allotted 13,81,278 shares...
Startups
Alteria Capital invests $5.7 million as debt financing in housing startup Stanza Living
Housing startup Stanza Living, has secured $5.7 million (approx INR 40 crore) in debt financing from Alteria Capital, reported Mint.
Anindya Dutta, managing director and co-founder Stanza Living, said, “The capital infusion will enable us to further increase the pace...
Startups
Food aggregator unicorn Zomato will reach profitability by 2020, says co-founder Deepinder Goyal
Deepinder Goyal, co-founder and CEO at Zomato, a food aggregator and tech-food unicorn, has announced that the platform will reach profitability by 2020, which is a result of its measure to reduce cash burn, reported Inc42.
Goyal said that the...
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