Tag "funding"

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

Didi Chuxing invests in Uber’s Middle East rival Careem

By : CIOL Writers

China’s largest ride sharing firm Didi Chuxing has invested an undisclosed amount in Dubai based ride hailing firm Careem. Careem, a Middle East rival to Uber, offers services to 12 million customers in 80 cities ranging from Pakistan to Turkey, Lebanon, Saudi

Bajaj Finance invests Rs 225cr in MobiKwik for 11pc stake

By : CIOL Writers

Bajaj Finance is picking up nearly 11 percent stake in mobile wallet company MobiKwik by investing Rs 225 crore. Bajaj Finance made the corporate announcement on BSE on Wednesday stating that it had “entered into a Subscription Agreement with One MobiKwik Systems

RentoMojo raises $10M from Bain Capital Ventures and Renauld Laplanche

By : CIOL Writers

Bangalore based furniture and consumer durables rental startup RentoMojo has raised $10 million in Series B funding from private equity investor Bain Capital Ventures and fin-tech entrepreneur Renaud Laplanche. Existing investors Accel Partners and IDG Ventures also participated in the

UrbanClap raises $21M in Series C funding round

By : CIOL Writers

Home services marketplace, UrbanClap has raised $21 million in a Series C funding round led by Dubai-based VC firm Vy Capital, with participation from existing investors SAIF Partners, Accel Partners and Bessemer Venture Partners. Vy Capital also bought some shares held by Snapdeal Founders,

Automotive tech startup ClearMotion raises $100mn in series C funding

By : CIOL Writers

Venture capitalists have invested $100 million into a Boston-based automotive technology startup – ClearMotion – that is developing software-controlled suspension systems for cars. ClearMotion, Inc. has raised $100 million in series C financing that was led by clients advised by

FirstCry buys BabyOye, raises $34 million in funding

By : CIOL Writers

Online babycare products seller FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the franchise division of Mahindra Retail Pvt. Ltd, which owns online babycare business BabyOye, in a cash and stock deal worth $54 million. The double-pronged move will not only

Funding roundup: Scripbox, Koovs, Meru Cabs, Razorpay and more

Here’s a round up of some interesting deals happened in the startup space throughout the second half of this week: EFRAC: Mauritius-based PE firm Mandala Capital has invested $10 million in Kolkata-based food testing lab EFRAC. The PE firm has

Do you have any “Qloo” what Leonardo DiCaprio is upto?

By : Riddhi Sharma

Oscar-winning actor Leonardo DiCaprio has invested in a startup. He has added some cash into this “cultural recommendations engine” named “Qloo”. What many don’t know is that Leonardo DiCaprio is also a low-key businessman. As documented on crunchbase he has

Ratan Tata commits personal investment in Kyazoonga

By : CIOL Writers

The online ticketing platform Kyazoonga has secured investment of undisclosed amount from chairman emeritus of Tata Sons, Ratan Tata. He made the investment in Kyazoonga in his personal capacity, which the e-ticketing startup plans to use for expansion into international markets

Edutech startup Cuemath raises $4M funding

By : CIOL Writers

Cuemath, which offers a technology platform for women to run home-based learning centers for young students, has raised $4 million in Series A funding from Sequoia India. Growing over 4X in six months, the Edutech startup plans to expand its

MUrgency gets funded by Ratan Tata

By : Riddhi Sharma

Ratan Tata has invested an undisclosed amount in MUrgency, a medical emergency response startup founded by India-born Shaffi Mather in Silicon Valley . This unique startup launched its operations in the TriCity area of Punjab with a network of 36