India startup world news for the month of September 2018

Here is the India startup world news for September 2018.

India startup world news for September 2018

    • Byju, an Edutech startup, is in talks with General Atlantic and Temasek Holdings to raise $200-300 million. The transaction is expected to close within the next few weeks. If Byju manages to raise the funds at a $2 billion-plus valuation, it would more than double the company’s value and will cement its status as one of the breakout startups in India.
    • Squared Capital is in the process of setting up its credit business in India through NBFC or Alternative Investment Fund. They recently closed a $7-billion global infrastructure fund, out of which I Squared is likely to invest around $1 billion in India.

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    • Employees Retirement System Of Texas, having more than $21 billion in assets under management, has committed to Indian fund IndoSpace Logistics Parks III to invest around $75 million. This is the third fund from IndoSpace Logistics Parks with a target corpus of $550 million.
    • FreshMenu has been alleged to have kept under wraps a data breach in 2016 of around 1.10 Lakh users. The revelation was made by HaveIBeenPwned.com, the data breach tracker. The company has not yet released any official statement on the issue.

kissht

    • Digital lender Kissht is in discussions with Russia’s Sistema Asia Fund and Vertex Ventures of Singapore to lead a Series C round of funding to raise up to $50 million.
    • Mamaearth, a Mom and baby care consumer start-up, has raised around $4 million in a Series A round of funding led by Stellaris Venture Partners and Fireside Ventures. The firm has so far raised $5.3 million. Mamaearth offers over 50 natural, toxin-free products.
    • BabyChakra, an Online parenting platform, has raised an undisclosed amount in its pre-Series-B round from several investors including Mark Mobius and Facebook director Anand Chandrasekaran. The funding will be used to broaden the website’s language and region-specific content and enhance integration in the maternity and healthcare ecosystem.
    • Lightbox Ventures has raised $178 million for its third fund and is hoping to close at $200 million by the end of the year. It has invested in startups like Furlenco, Faasos, Embibe and Droom from the previous two funds. The new fund is Lightbox’s largest till date.

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    • Livspace, online home design startup, has raised $70 million in a series C round of funding led by TPG Capital and Goldman Sachs. The fresh capital will primarily be used to grow sales faster. So far it has raised $105 million in funding.
    • Ola has raised $50 million funding from Sailing Capital and China-Eurasian Economic Cooperation Fund at a valuation of around $4.3 billion. The combined stake of both the firms will be around 1%.
    • As per a report by EY, the Indian financial services sector got investments worth $4 billion in the first half of 2018. This has been the highest ever half-yearly investment.

byju

    • PharmEasy has raised $50 Million in series C round of funding led by Eight Roads Ventures India. Funds will be used to scale up operations in cities beyond metros.
    • RIL has invested again in San-Diego based automotive AI start-up NetraDyne through its subsidiary. It had also invested $16 million in NetraDyne in June. NetraDyne focuses on fleet management, security and surveillance.
    • Licious, the Meat start-up, has raised $25 million in series C round of funding. The firm had earlier raised $13 million in previous rounds of funding.
    • Swiggy has expanded Swiggy Access to four metros – Delhi, Mumbai, Kolkata and Hyderabad and is planning to onboard new restaurants in over 30 cities by 2020. Swiggy Access allows its restaurant partners to set up kitchen spaces in neighbourhoods where they don’t currently operate.
    • Flipkart has acquired Upstream Commerce, an Israel-based analytics start-up. Upstream builds cloud-based and automated competitive pricing products and solutions.
    • Stanza Living, a student housing start-up, has raised $10 million in a Series A round led by Sequoia Capital. It had raised seed money of $2 million from Matrix and Accel in November 2017.

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