Tag "funding"

Deliveroo raises $98M in Series F funding round

By : CIOL Writers

London based online food delivery startup Deliveroo has raised an additional $98 million in Series F funding round, bringing the total valuation to $482 million. The round was led by T. Rowe Price Associates and Fidelity Management & Research Company. In addition, top-shelf investors

Wipro Consumer Care invests in Happily Unmarried

By : CIOL Writers

Wipro Consumer Care, the personal care arm of Wipro Enterprises, has agreed to invest an undisclosed amount in Delhi-based consumer products firm Happily Unmarried. The value of the investment or the stake bought has not been disclosed. Happily Unmarried Pvt

Netflix raising $1.6B in debt to fund acquisitions and content production

By : CIOL Writers

Netflix is acquiring an additional $1.6 billion in debt to fund “content acquisitions, production and development,” among other “general corporate purposes,” the streaming giant said on Monday. It is the sixth time the company has issued senior notes since 2013. Last week,

Amazon pumps in Rs 260cr into Amazon Pay

By : CIOL Writers

In a bid to take on take on Flipkart’s PhonePe and Paytm, Amazon has pumped in another Rs 260 crores in its payment arm, Amazon Pay. According to the Economic Times, the e-retailer bagged the investment from Singapore-based Amazon Corporate Holdings

Lyft raises $1B led by Alphabet’s CapitalG

By : CIOL Writers

Uber’s rival Lyft has raised $1 billion led by CapitalG, Google’s investment fund. The latest funding round values the ride-hailing company at $11 billion, the company announced. As part of the deal, CapitalG Partner David Lawee will be joining Lyft’s board. The

BankBazaar raises $30M in series D funding led by Experian

By : CIOL Writers

Financial products marketplace BankBazaar has raised $30 million in a funding round led by  London-headquartered credit rating agency and information management company Experian. The latest round brings BankBazaar’s total funding to $110 million. BankBazaar’s other investors include Amazon that led its $60 million Series C

PolicyBazaar raises Rs 500cr from Wellington Management and others

By : CIOL Writers

Online insurance policy aggregator PolicyBazaar has raised Rs 500 crore in a new funding round led by global asset management firm Wellington Management, IDG Ventures India and private equity firm True North, as reported by Economic Times. As the name

Magic Leap is raising upto $1bn in new funding round

By : CIOL Writers

AR mystery startup Magic Leap is looking to raise up to $1 billion in a new funding round. The company, based in Florida, has authorized the sale of more than 37 million shares of Series D stock at $27 each to raise

Ola raises $1.1B from Tencent, Softbank

By : CIOL Writers

Homegrown cab-aggregator, Ola has raised $1.1 billion in fresh funding from investors including Chinese internet giant Tencent and Japan’s SoftBank expanding its war chest to take on arch-rival Uber. Ola also disclosed that it was in advanced talks to raise another $1 billion

AI startup Petuum secures $93mn from SoftBank

By : CIOL Writers

SoftBank has invested $93 million in an AI startup named Petuum, that simplifies the use of machine learning or deep learning at a large scale for companies. In addition to SoftBank, the round included participation from returning investor Advantech Capital and

Ola said to be raising $2B from SoftBank, Tencent and others

By : CIOL Writers

While its competitor Uber is battling serious issues both inside and outside the company, Ola, India’s largest ride-hailing firm is raising over $2 billion from a group of investors, including Japan’s SoftBank and Tencent Holdings, Bloomberg reported. The first part of

Flipkart’s logistics arm eKart raises $98M from group firm Klick2Shop

By : CIOL Writers

Flipkart has pumped in nearly $98 million (Rs 641 cr) into its logistics arm eKart through its Singapore-based group firm Klick2Shop Logistics Services International, according to regulatory filings with the Ministry of Corporate Affairs. As reported by ET, the latest funding is aimed at strengthening

Foodtech startup Deliveroo raises $385M; valuation hits $2B

By : CIOL Writers

Britain’s food delivery company Deliveroo has raised $385 million in a new round of funding at a valuation of over $2 billion. The Series F funding was led by US Fund Managers  T. Rowe Price, Fidelity, AirBnB and Tesla —

Yatra raises Rs 100cr in debt funding from InnoVen Capital

By : CIOL Writers

Online travel portal, Yatra has raised Rs 100 crore venture debt from Temasek’s venture debt arm InnoVen Capital. The money will be used to meet the company’s growth and diversification needs, and to enhance its service offerings. “After having raised $92 million through our Nasdaq listing

Slack raises $250M from SoftBank; Now valued at $5.1B

By : CIOL Writers

Software startup Slack has been valued at $5.1 billion after its recent round of financing from SoftBank where it raised $250 million. The latest funding led by SoftBank through its Vision Fund and joined by Accel and other investors have lifted

Flying car startup Lilium raises $90mn in Series B funding

By : CIOL Writers

Lilium Aviation, a German company that held a successful test flight of the Eagle, its two-seat electric jet, at its Munich base this year, announced that it has raised $90 million in a fresh round of funding. The funding was led by Tencent

Healthtech startup CureFit raises $25mn in fresh funding

By : CIOL Writers

Healthcare and wellness startup CureFit has raised $25 million in a fresh round of funding as it seeks to expand its brand Cult, enter new markets and launch health related services.  The company has raised the funds from existing investors

Capital Float raises $44M in Series C round led by Ribbit Capital

By : CIOL Writers

Digital lending platform, Capital Float has raised $45 million (Rs 293 crores) in Series C equity funding. The round was led by Silicon Valley-based Ribbit Capital, with participation from existing investors – SAIF Partners, Sequoia India and Creation Investments. In

Ola raises Rs 231cr from New York-based hedge fund

By : CIOL Writers

Ola has raised over Rs 231 crore from New York-based hedge fund Tekne Private Ventures through issue of preference shares. The deal involves allotment of 1, 71,173 fully and compulsorily convertible preference shares for a total consideration of Rs 231.44 crore, according

Flipkart raises whopping $2.5bn from SoftBank’s Vision Fund

By : CIOL Writers

Flipkart has raised an estimated $2.5 billion from SoftBank Vision Fund, making it the biggest-ever private investment in an Indian technology company. The investment also makes SoftBank Vision Fund one of the largest shareholders in Flipkart, according to an official statement. “This