India monthly roundup of Start-up world, funds, funding and investments in August

Please follow and like us:
RSS
Follow by Email
Facebook
Twitter
YouTube
Pinterest
LinkedIn
Instagram

India monthly roundup of Start up world in August – Here is a roundup of India monthly roundup of Start up world, funds, funding and investments in August.

More about India monthly roundup of Start up world in August

  • Lightstone Aspada is planning to raise next fund of around $250 Million to increase investment size from $2-8 mn to $4-40 mn per company. Aspada has invested around $100 million in 20 companies over last six years.
  • IIFL Wealth has entered into a definitive agreement to acquire 100% equity shares of L&T Capital Markets which brings geographical spread, product innovation, and client assets of over Rs. 24,000 crores.

india monthly roundup of start up world in augustIndia monthly roundup of Start up world in August

  • SoftBank Vision Fund, Naspers and Tiger Global are said to be in discussions with Dream11 to pick up a stake for around $500 Million.
  • SoftBank is reportedly in advanced discussions to invest $400 Million in Lenskart and around $150 million in Dailyhunt.
  • BharatPe has raised $50 Million in a fresh round of funding led by Ribbit Capital.
  • TCS, Wipro, Infosys, and Microland are said to be front-runners for an outsourcing contract of Mercedes-Benz of around $50 Million. The contract is for developing infrastructure applications, managing platforms and moving a few applications to the cloud among others.
  • Chargebee, a subscription management startup, has raised $14 million in a funding round led by Steadview Capital. Its existing investors Accel Partners and Insight Venture Partners also participated.

India monthly roundup of Start up world in August

  • JM Financial Private Equity has reportedly bought a significant minority stake in Innovcare Life sciences, a nutraceutical firm for around ₹45 crores.
  • DSG Consumer Partners has closed its third VC fund at $65 million. Its first VC fund was for $24 million in 2012 and second for $50 million in 2017.
  • FreshtoHome, an online fresh fish and meat retailer, has raised $20 million in a Series B round of funding led by Iron Pillar. It claims to have crossed $30 million in annualized sales.
  • Cred has closed a $120 million funding round, led by Ribbit Capital, Gemini Investments, and Sequoia Capital at a valuation of $450 million.
  • Vivo has lined up an Rs 3500 crore investment in India. They plan on developing a 169-acre land parcel which is situated adjacent to the Yamuna Expressway on the outskirts of New Delhi. This will create employment for over 40,000 people in 10 years.

India monthly roundup of Start up world, funds, funding and investments in August

Do read: Bollywood news, updates, and gossips of this week

  • Zendrive, a data analytics firm, is said to have raised $37 million in a Series B round of funding led by XL Innovate. Various other investors also participated.
  • Tiger Global has invested $15 million in INDwealth started by Ashish Kashyap, former CEO of Ibibo. INDwealth is a wealth management firm targeted at HNIs and affluent families.
  • Nazara Technologies, a mobile gaming platform, has acquired a 67 percent stake in Sportskeeda, a sports content website, for Rs.44 Crores. Sportskeeda reportedly has a monthly user base of 45 Million.
  • Zolostays, backed by Nexus Venture Partners, is in advanced talks with new investors to raise up to $100 million.

India monthly roundup of Start up world in August

  • ai, an open-source platform offering AI and other solutions, has raised $72.5 million in a Series D round of funding led by Goldman Sachs and Ping a Global Voyager Fund with participation from some other investors. It has so far raised total funding of around $147 Million including the current round.
  • SBI Cards and Payment Services has invited investment banks and lawyers to act as advisers for its proposed IPO of Rs.1000 Crores.
  • Ally, a goal setting and execution management software startup, has raised $8 million in a Series a round of funding led by Accel Partners India.
  • Tech Mahindra has agreed to divest 73.38% stake in its subsidiary FixStream Networks to US-based Resolve Systems LLC for $2 million. FixStream Networks reported revenue of $5.15 million with a loss of $5.19 million in fy 18-19.
  • Global Infrastructure Partners, a New York-based infrastructure fund manager, has initiated talks to raise around $1 Billion India-focused infrastructure fund.

India monthly roundup of Start up world, funds, funding and investments in August

Must read: Interesting facts about New Delhi that will blow your mind

  • RedDoorz, hotel management and booking platform startup, has raised $70 million in its latest round of funding, led by Asia Partners, Mirae Asset Naver Asia Growth Fund and Rakuten Capital. So far, the firm has raised around $140 million in equity funding.
  • MPower Financing has raised $100 million in debt from Goldman Sachs.
  • Everstone Capital and ChrysCapital are reportedly planning to acquire a majority stake in eMids, a healthcare tech firm, at a valuation of around $200-250 Million.
  • Paytm will invest Rs.750 crores to nearly double its monthly active mobile user base to 250 million by March 2020.
  • ONGC is investing around Rs.83, 000 crores in 25 major projects to boost oil and gas production.
  • Yes Bank is planning to raise another $600 million from strategic investors to improve its capital buffer. The bank had raised around $270 million in August 2018.
  • Sanjay Mehta, a serial entrepreneur-turned angel investor, said that he will invest in 100 start-ups in one year from his 100X.VC fund. He is currently invested in over 130 companies including OYO, Box8, LogiNext, and Block. One.

India monthly roundup of Start up world in August

  • Naspers is reportedly in talks to buy a stake worth around $100 million in Dream11 from Kalaari Capital, Multiples Alternate Asset Management, and Think Investments. Dream11 is seeking a valuation of $2.5 billion.
  • ShareChat has raised $100 million in its Series-D round of funding from Twitter and TrustBridge Partners.
  • Uniphore, a global conversational AI company, has raised $51 million in a Series C round of funding led by March Capital Partners.
  • Temasek is backing Manipal Hospitals to acquire Medanta Hospitals and shall pitch in additional money for the acquisition.
  • Tech Mahindra has agreed to buy a 65 percent stake in Mad*Pow, a US-based strategic design consultancy firm, for $70 million. Mad*Pow’s current year revenue is $17.5 million.

India monthly roundup of Start up world, funds, funding and investments in August

Do read: Scientific facts: Interesting facts about Earth

  • Fireside Ventures, an early-stage venture investment fund focused on consumer brands, is said to be in the process of raising its second fund of $100-million.
  • Meesho has raised $125 million in a round led by Naspers with participation from Facebook and its existing investors.
  • Aye Finance, a small business lender, has raised $10 million in debt from responsibility Investments AG, a Swiss investor.
  • Dewan Housing Finance has reportedly asked for immediate funding of Rs.15, 000 crores from banks for on-lending to project developers and retail customers.
  • Zomato is looking to raise $500 Million and Ant Financial, its key stakeholder, is likely to have a critical say and may even push Zomato to forge a closer working relationship with Paytm. Ant Financial has some veto rights in Zomato’s operations.
  • AAI is planning to invest around Rs.19000 Crores to upgrade airport infrastructure, especially in smaller cities.
  • Rapido, a Bike taxi startup, is in advanced discussions to close a $50 million round led by Westbridge Capital and Shunwei Capital at a valuation of $200 Million.
  • Rupeek, operating an online marketplace for gold loans, has raised $30 million in a funding round led by Bertelsmann India.
  • To reduce debt and repay lenders, the Sintex group has entered into a definitive agreement to sell Sintex NP SAS, its European subsidiary to Xtech Invest SAS for €155 million.

India monthly roundup of Start up world in August

  • Dharmesh Mehta, Former Axis Capital MD and CEO, along with other investors, shall reportedly be acquiring a 100% stake in IDFC Securities.
  • To support India’s agri-business sector, IFC, a World Bank arm, shall invest $18.75 million in Srinivasa Farms.
  • Gramophone, an Agri tech startup has raised ₹24 crore from existing investor InfoEdge.
  • Cred is said to be close to finalizing a $125 million Series a round of funding at a valuation of around $450-500 Million. Cred is the second venture of Kunal Shah.
  • Warburg Pincus has reportedly pledged its entire shareholding of 9.86 percent (471.73 million shares) in IDFC First Bank to raise funds.
  • GoWork, a co-working space, has raised $53 million in debt from BlackRock and CLSA Capital Partners.
  • Vedantu, an online tutoring startup, is said to be in the process of raising $30 million in a funding round led by Tiger Global.
  • Apple Inc is reportedly offering up to $1 million to cybersecurity researchers for detecting flaws in iPhones.

India monthly roundup of Start up world, funds, funding and investments in August

Must read: Bank Merger List News: Nirmala Sitharaman announced bank merger

  • National Investment and Infrastructure Fund has received commitments of around $2 billion from Australian Super of Australia and Ontario Teachers’ Pension Plan of Canada.
  • CEO of Britain’s Cairn Energy PLC has said that the firm is keen to reinvest in India if a retrospective tax issue it is facing is resolved.
  • Reliance Industries has entered into an agreement with Shopsense Retail, a software technology firm, to acquire a significant stake for up to Rs.295.25 crores.
  • IRB Infrastructure Developers have said that GIC, Singapore’s sovereign wealth fund, has agreed to invest Rs.4, 400 crore in its road platform. IRB’s roads portfolio had revenue of Rs.630 crores in FY19.

India monthly roundup of Start up world in August

  • Awfis, a coworking rental startup, has raised $30 million in a Series D equity financing round led by ChrysCapital. It has so far raised $81 million including the latest investment.
  • Indifi, a fin-tech startup, has raised Rs.145 crores in a Series C equity round led by the CDC Group. Indifi offers loans of Rs.1-50 Lakhs to small businesses in retail, travel, and e-commerce.
  • Razorpay has acquired Thirdwatch, an AI start-up, which specializes in real-time fraud prevention. Razorpay had raised $75 Million a few weeks back.

For more articles like, India monthly roundup of Start up world in August’, do follow us on FacebookTwitter, and Instagram.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2019 Tentaran.com. All rights reserved.
× How can I help you?