The Indian startup ecosystem in the week ending May 3 raised close to $250 million in equity across 18 deals, a 11 percent drop from last week. Of the total deals, almost half of them were early-stage rounds (comprising Series A and pre-Series A funding) that raked up a total of $112.1 million. There were only three late-stage deals (Series C, Series D, and Series E), which raked up a total of $134 million.
Gurugram-based co-living startupHousr raised an undisclosed amount of funding for expansion.
Fintech startupChqbook announced that veteran cricket commentator Harsha Bhogle has invested an undisclosed amount in the startup. The family office of Hero Group’s Suman Kant Munjal, on Thursday, announced an investment in a smart and efficient motor-based home appliance company, Atomberg Technologies.
Online travel ticketing major MakeMyTrip (MMT) Limited on Tuesday announced that it has acquired a majority stake in Mumbai-based Quest2Travel India Private Limited (Q2T), an internet-based corporate travel management company.
Groupon co-founder Eric Lefkofsky just raised another $200 million for his newest company, Tempus
Japan’s SoftBank is reportedly grappling with raising money for its latest fund
In a bid to raise $100 billion for its next fund, Japanese conglomerate SoftBank has faced a lukewarm reception from some of the world’s largest investors, the Wall Street Journal reported
SoftBank Group shares tanked in Monday trade, plunging 6.22% on the day.
Foursquare buys Placed from Snap Inc. on the heels of $150M in new funding
Bharat Forge acquires additional stake in EV startupTork Motor
eSigning and digital workflow startupLeegality raises funding
The fresh funds will be used to improve technology, scale operations, and for future growth.
MilkBasket raises $10.5M funding led by Unilever Ventures
Launched in early 2015, Milkbasket enables customers to order from a limited selection of grocery items and milk all day until midnight
Bira raises $10M in debt funding, to ramp up output
This also comes on the heels of B9 Beverages closing $4.3 million in bridge financing from consumer-focused venture capital firm Sixth Sense Ventures last month.
Lending startup Avail Finance raises $9M from Matrix Partners India
The technology-enabled startup, founded by Ankush Aggarwal and Tushar Mehndiratta, will use the funds to foray into a neo-banking platform.
Agara Labs raises $2.5M funding led by Blume Ventures and RTP Global
The startup will use the capital raised to establish its sales team in the North American continent and for future product development
Pristyn Care raises $4M Series A funding led by Sequoia India
The company plans to use the funds raised to improve its medical capabilities, invest in technology and expand its team of medical professionals.
Alibaba invests $100M in short video app VMate
This investment comes as Alibaba aims to gain a foothold in India’s growing short video apps segment, currently led by Bytedance’sTikTok
