India monthly roundup of Start-up world in June

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

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

  • Naspers’s talks to invest around $200 Million in Capital Float have fallen through.
  • China’s biggest electric car maker company, BYD Auto Co. Ltd is set to make an investment in India to develop and produce electrical vehicles.

‘India monthly roundup of Start-up world in June

  • IFCI is looking to raise around Rs.2000 Crores by selling its stakes in the National Stock Exchange and Clearing Corporation of India.
  • An RBI panel has proposed Rs10000 crore government fund to develop MSMEs.
  • Mahindra Finance is looking to raise around $460 million from offshore markets.
  • RIL has entered into an agreement with some offshore lenders for getting long term loans of around $1.85 billion.
  • Open Financial Technologies has raised $30 million in a Series B round led by Tiger Global. The firm offers banking services to businesses.
  • Startup India fund fell short by around Rs.1000-1200 Crores of its targeted funds allocation.
  • Dewan Housing Finance is yet to repay Rs.225 crores out of the total Rs.375 crore due to its investors. DHFL defaulted on interest payment of Rs.850 crore on its NCSs on June 4 also, after which its credit rating was downgraded.
  • Oyo hotels has announced to invest $300 million in the US over the next few years.
  • Alteria Capital has made its single largest investment of Rs.80 crore in Lendingkart.

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

  • Razorpay has raised $75 million in a series C round of funding led by Ribbit Capital and Sequoia Capital.
  • Druva, a US and Pune based software firm, has raised $130 million in a fresh round of funding led by Viking Global. Sequoia Capital is an early investor in the firm.
  • Reliance Industries is planning to invest Rs.20, 000 crores in Reliance Jio to fuel its broadband and e-comm business and enter 5G services in the future.
  • Biryani By Kilo has raised Rs.30 crores in a series A round of funding led by IvyCap Ventures.
  • Amazon is said to be in early-stage talks with Ninjakart for investing in the fresh produce supply chain company.
  • SoftBank Vision is reportedly in discussions with CureFit to invest around $200 million.

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  • GIC, Singapore’s sovereign wealth fund, is planning to deploy up to $1 billion in India to acquire operating toll and annuity roads.
  • Mobikwik is said to be looking for an investor who will help it go public in the next three years.
  • Postman, a platform for managing and developing APIs, has completed its Series B round of funding worth $50 million led by Charles River Ventures.
  • NCLT has approved a resolution plan of Deccan Chronicle Holdings submitted by Srei Multiple Asset Investment to invest Rs.408 Crores in the firm. DCHL has a debt of around Rs.8180 Crores.
  • GIC Holdings and Abu Dhabi Investment Authority have agreed to invest $495 million in Greenko Energy Holdings at an enterprise value of around $6 billion.

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

  • NoBroker.com, a brokerage-free real estate platform, has raised $51 million in a Series C round of funding led by General Atlantic. Its existing investors SAIF Partners and BEENEXT also participated in the round. The firm has so far raised $71 million.
  • Swiggy is in advanced talks to raise around $1 billion from its existing investors including $300-500 million from SoftBank.
  • Milkbasket has raised $10.5 million in a funding round led by Unilever Ventures.
  • Advent International has completed raising funds for its ninth global PE fund, GPE IX, with commitments of $17.5 billion, surpassing its target of $16 billion.
  • Avail Finance, a leading startup, has raised $9 Million in the second round of funding led by Matrix Partners India. It had earlier raised $17.2 million.
  • An informal ministerial group including Amit Shah reviewed Bharat Petroleum Corp’s $2.2-2.4 billion investment proposal in a gas field in Mozambique. The government is attempting to do deeper scrutiny of overseas investments.
  • Piramal Group and Lone Star Funds are in advanced talks to set up an investment platform to acquire operating road assets. They plan to invest $600-700 million in the platform.

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