Indian Startup World news for July 2018

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Here is all you need to know about the Indian Startup World news for July 2018.

Indian Startup World news for July 2018

  • HungerBox, a food tech start-up, has raised $4.5 million in a Series A funding round led by Neoplux, a South Korean investment firm and India’s PE fund, Sabre Partners. HungerBox, which is said to clock six million orders a month in over 160 digital cafeterias caters to clients including Microsoft, McKinsey, Qualcomm, and Accenture.
  • Lightspeed India Partners Advisors have raised a fund of $175 million to invest in startups in consumer internet, software and other businesses. It will invest in 25-30 startups in their early stages and may also strike a few deals at the Series B and C stages. The fund had earlier invested in companies like Sharechat, Udaan, etc.
  • After agreeing to buy a 77% stake in Flipkart for $16 billion, Walmart is now looking for acqui-hires and niche tech-product start-ups in India.

Must Read: Indian Startup World news for August 2018

  • Tata Motors Ltd bought a 26% stake in a Bengaluru-based freight start-up called TruckEasy for an undisclosed amount.
  • OfBusiness, a startup lending to SMEs, has raised Rs.200 Crore in a series-C round of funding from Creation Investments and Falcon Edge.
  • Vokal, a voice-based knowledge sharing platform, has raised $5 million in its Series A investment round from Shunwei and others. It plans to invest the fund in product development, hiring and growth in other languages. Vokal is a peer-to-peer knowledge-sharing platform that was created specifically for India’s non-English internet users.
  • Toutiao, one of the world’s most valuable startups, has launched an app called Helo in India to take on the digital media startups like Daily hunt, ShareChat, and Clip. It also targets to take on Facebook.
  • LoginRadius, a cloud-based customer identity platform, has raised $17 million in a funding round led by ForgePoint Capital and Microsoft’s Venture Fund M12. Cloud-hosting platform allows businesses to securely manage and transact with customer identities.

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