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

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India monthly roundup of Start-up world in July:

  • Cipla is said to be in talks to invest around Rs.150-170 Crores in Medlife, an online healthcare platform.
  • Rebel Foods, the parent company of Faasos, has raised $125 Million in a fresh round of funding.

India monthly roundup of Start-up world in July

  • Venture Catalysts has set up an Rs.300 Crore fund, 9Unicorns, for investments in early-stage startups in verticals like FMCG, retail, fin-tech, etc.
  • Paytm First Games, a JV of Paytm and Alibaba group is said to be in talks to raise $25 Million.
  • Vymo, a sales productivity startup, has raised $18 million in a Series B round of funding led by Emergence Capital and its existing investors.
  • PNB Housing Finance has raised $100 million from IFC.
  • Pocket Aces, a digital entertainment firm, has raised Rs.100 crores from Sequoia India and others. The funds are planned to be used in content, technology, and talent.

India monthly roundup of Start-up world in July

  • Tiger Global has invested $300 million in 2019 in Indian firms including Ninjacart, Zenoti, Sirion Labs, Fyle, Locus and OkCredit.
  • BigBasket has received debt funding of Rs.100 crores from Trifecta Capital.
  • India arm of Sequoia, Sequoia Capital India, is reportedly raising $200 million to add to its existing fund. It last raised $695 Million in Aug 2018. Sequoia has investments in startups like Oyo, Grofers and Byju’s.
  • Steadview Capital is likely to invest in BharatPe by joining in the latest round of funding. Steadview has backed companies like Flipkart and Ola.

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

  • MindTickle, a SaaS startup, has raised $40 million funding from Norwest Venture Partners and others.
  • Alteria Capital has closed its maiden venture debt fund at a corpus of $140 million. The fund provides loans to startups.
  • PepsiCo India shall invest Rs.514 Crores over three years to set up a Greenfield snacks manufacturing plant in UP.
  • Eight Roads Ventures has led a $12 million investment round in StashAway, a wealth management platform.
  • Walmart has reportedly committed to invest $50 Million in NinjaCart.
  • Apis Growth Fund II is investing $110 million to acquire a minority stake in L&T Infrastructure Debt Fund.
  • Coursera, an online education platform, is said to have raised USD 103 million in a funding round led by SEEK group.

India monthly roundup of Start-up world in July

  • Future Retail has raised around Rs.2, 000 crore through issue of warrants to its promoter group entity on a preferential basis.
  • ai, an AI-based start-up working on automating fashion retail, has raised $17 million in a Series B round of funding led by Falcon Edge Capital. The firm has so far raised $27.5 million funding including the current round.
  • Mobile Premier League, a mobile-focused eSports gaming platform, has raised $35.5 million in a Series A round of funding led by Sequoia India, Times Internet, and GoVentures.
  • Tiger Global has invested $89.5 million in NinjaCart, an agri-tech startup.

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

  • Omnivore Partners, an early-stage venture investment fund, has raised $97 million for its second fund as against its target of $75 million.
  • SoftBank is reportedly looking to invest $2-3 billion in Reliance Jio.
  • Haldiram has reportedly invested an undisclosed amount in Venture Catalysts, an incubator and early-stage investor.
  • CDC Group of UK has invested $40 million in BigBasket. The investment is part of $150 million BigBasket is working on to raise at a valuation of $1.2 billion.
  • CleanMax Solar has raised Rs.275 crore in equity funding from UK Climate Investments LLP. UKCI is a JV between Green Investment Group and UK government’s department for business, energy and industrial strategy, which has the mandate of £200 million pilot investment programme to be invested in India and sub-Saharan Africa.

India monthly roundup of Start-up world in July

  • Bounce, the two-wheeler rental startup, is close to raising $80 million from its existing investors- Sequoia Capital, Accel Partners and Chiratae Ventures, and some new investors.
  • ZestMoney, a fintech firm, has raised $20 million in its Series B round of funding led by Quona Capital. It had previously raised $6.5 million seed funding in 2017.
  • The government has been forced to infuse funds after PM Modi’s PSU banks reported a loss of 1, 64,474 crores in the financial year 2016-19.
  • Dewan Housing needs around Rs.2, 500-3,000 crores of fresh equity investments to sustain its operations.
  • National Investment and Infrastructure Fund is reportedly considering to invest $100 million in the third fund of Multiples Alternate Asset Management, which is targeting to raise around $900 Million.
  • Abu Dhabi Capital Group has invested $10 Million in Grofers.
  • Swiggy is reportedly in talks with South Korean funds to raise up to $500 million.
  • Unicorn India Ventures has launched its third VC fund of Rs.400 crores to back companies at pre-Series and Series a stage of funding. The fund has received commitments worth Rs.50 crores till now and aims to invest exclusively in B2B tech startups.
  • Shriram Transport Finance is looking to raise around Rs.10, 000 crores NCDs.
  • Aditya Birla Fashion has acquired a 51 percent stake in Finesse International Design that retails clothing under the brand ‘Shantanu and Nikhil’ for Rs.60 crores.
  • Unicorn India Ventures will launch an equity fund of Rs.400 Crores to invest in early-stage startups, majorly in health-tech, robotics, gaming, and fintech sectors.
  • Temasek, Singapore’s state investment arm, is reportedly looking to invest more funds in India, even as it has slowed down investments globally. As of March 31, 2019, Temasek’s India portfolio is $11 billion.
  • Rivigo has raised $65 million in its ongoing series E round of funding, led by Warburg Pincus, and SAIF Partners.

India monthly roundup of Start-up world in July

  • As per reports, Tiger Global has examined at least a dozen deals with Indian startups in recent months. Some of the firms it is invested are Locus, Ninjacart, Fyle, and Zenoti.
  • Vedanta is planning to invest Rs.35, 000 crores in the metals business. The firm is looking at a growth of 70 percent.

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

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  • IFC is said to be in talks to lend $150 million to RBL Bank as debt financing
  • TVS Capital Funds has made second close of its third PE fund of Rs.1, 100 crores from domestic investors. Fund made the first close of Rs.832 crore in October 2018. The fund would focus on investing in financial and business services, and niche consumption segments.
  • Mamaearth, a Baby-care products brand, is said to be in talks to raise around $20 million in a Series B round of funding led by Sequoia Capital India. Its existing investors Stellaris Venture Partners and Fireside Ventures may also participate at a post-money valuation of around $70 million.
  • Moglix, a B2b commerce firm, has raised a funding of $60 million in a series D round led by Tiger Global.
  • Samsung Venture, the VC arm of Samsung Group, has invested $8.5 million in four startups in India including IndusOS and Silvan Innovation Labs.
  • NiYO Solutions, a digital banking start-up, has raised $35 million in a Series B round of funding from Horizons Ventures, Tencent Holdings and its existing investor JS Capital.
  • Swiggy will reportedly invest around $100 Million in Supr Daily, its milk and daily essential delivery business.
  • KKR and Baring PE Asia are leading the discussions to acquire a controlling stake of 75-80 percent in CitiusTech with a bid of around $800 million. CitiusTech is a healthcare technology solutions and services provider.

India monthly roundup of Start-up world in July

  • Byju’s has received an investment of $150 million in funding from the Qatar Investment Authority.
  • As per data from Venture Intelligence, startups raised $1.17 billion in the first six months of 2019, rising from $994 million in the same period last year.
  • SoftBank is looking to deploy another $2-4 billion in India over the next two years as new investments.
  • Bounce, the two-wheeler rental startup, has raised its final tranche worth Rs.10 crores in debt from BACQ Acquisitions led by Sachin Bansal.
  • Vedanta will invest $245 million for finding oil and natural gas over the next 3-4 years.
  • Ola Electric has raised $250 million from SoftBank in a series B round of funding. They were looking to raise funds to achieve their goal of operating around 1 million EVs by 2021.
  • Air India Assets is aiming to raise Rs.22, 000 crores of Bond sales to refinance their debts.
  • Atlan, a Ratan Tata-backed data democratization platform, has raised $2.5 million in a pre-Series a round of funding led by WaterBridge Ventures.
  • RenewBuy, a digital insurance firm, has raised Rs.130 crores in a fresh round of funding led by Lok Capital and IIFL Asset Management.
  • Droom is looking to raise around $200 million in its latest round of funding which may value the firm at over $1 billion.
  • L&T Finance has secured almost $550 million funding through external commercial borrowings anchored by the World Bank and 3 other investors.
  • Ola has raised $11 million in its ongoing Series J round of funding from DIG Investment, Deshe Holdings, as also individual investors, including Samih Toukan and Hussam Khoury, co-founders of Dubai-based technology investment firm Jabbar Internet Group.

India monthly roundup of Start-up world in July

  • Sajan Pillai, former CEO of UST Global, has announced plans to set up a $75 million VC fund to help start-ups. The fund is looking at concepts in areas like finance, healthcare, telecom, and retail.
  • Due to Sebi’s new rules aimed at protecting investors in liquid and debt funds from credit risks, MFs may not remain a preferred source of capital for corporates and NBFCs. New rules will make it tougher for borrowers to strike deals with fund managers to raise funds.
  • After the mega success of their first exit, Asia Healthcare Holdings is now planning to invest around $200 million. They are planning acquisitions in ophthalmology, urology, and gastrointestinal segments in the next 2-3 years.
  • Uniphore Software Systems, a speech recognition solutions company, is in talks to raise around $38 million in a Series C round of funding led by March Capital Partners of California.

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