Page 21 - Funding

SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

IPV leads early-stage funding of Rs 3 cr in music learning startup Spardha

A few US-based HNIs also participated; firm offers personalised courses, has grown 10x in past 12 months of pandemic, with over 5,000 registered users and over 1,300 paid users in India and the US

Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global

Series C funding led by Singapore's sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate

IIT Madras-incubated GalaxEye raises pre-seed from Speciale Invest

GalaxEye said it will use the funds to strengthen its space technology and build a "world class team" India.

Edtech startup Avishkaar raises Rs 5 crore of funding in pre-series A

Avishkaar plans to utilize the funding towards product development and further expansion of its portfolio in addition to hiring talent

Jai Kisan, startup for financial services in rural India, raises $30 mm

Jai Kisan said it will use the funds to expand in tier-2, tier-3 cities and rural parts of the country.

Tiger Global leads $30 mn investment in microblogging website Koo

Koo's valuation crossed $100 million with the new funding, says the company.

Moglix raises $120 mn in funds, joins India's growing unicorn club

Industrial business-to-business company is the fourteenth Indian company this year to reach unicorn status

Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn

Company offers merchants payment technology and working capital; it started as a retail solutions player in petroleum.

Rubix Data Science raises Rs 6.2 crore from Cactus Venture, others

Proceeds will be invested in enhancing technology and analytics capabilities of the Rubix Automated Risk Management and Monitoring System (ARMS) platform

Blockchain Crypto Mining Start-up ArGo Raises USD 1.3 Million in Seed Funding

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FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV

AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly

Discounting platform M1xchange raises $10mn funding from Amazon, others

TReDS platform M1xchange on Thursday said it has raised USD 10 million in funding, led by e-commerce major Amazon.

Mohalla Tech, parent company of ShareChat & Moj, raises $502 million

ShareChat will use the latest fund to expand in India and the US, and strengthen its artificial-intelligence powered recommendation engine, platform health and creator community

India's E-pharmacy segment mints its first unicorn, raises $350 million

The firm is already raising its next round at a valuation of about $1.8 billion, the person said, wishing to remain anonymous as the fresh round is still underway

KKR completes $15 bn Asia fund, says it has 'tremendous potential'

The firm said in January it had completed its inaugural pan-regional infrastructure and real estate funds: the US$3.9 billion Asia Pacific Infrastructure Investors Fund and US$1.7 billion Asia Real Es

Video startup Chingari raises $13 mn, plans 100 mn users in 6 months

Homegrown Chingari said it will use the funds to grow from 56 million users to over 100 million in two quarters, enhance its content, and hire talent

Gaja Capital to raise $400 mn for new fund, IFC planning to commit $25 mn

The fund is domiciled in India and will look to make equity investments in India

EPFO's accounting needs transparency jab

The EPFO is larger than four of the largest mutual funds put together, yet it has opaque accounting practices with no portfolio disclosure even at year-end

Zomato raises Rs 1,800 crore in new funding round from five investors

The new valuation marks an increase from $3.9 billion valuation of Zomato in December