Bengaluru-based bike-sharing startup Bounce is reportedly raising $200 million, with the majority of the funding slated to come from Accel US and Facebook Co-founder Eduardo Saverin’s investment firm B Capital. Existing investors Flipkart Co-founder Sachin Bansal-led BACQ, Sequoia India, Qualcomm and others may also participate. … Read more
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Delhi-based live sports engagement app Rooter has raised ₹3.5 crore from ‘leAD Sports Accelerator Program’. Rooter was the only Indian startup among the 10 startups chosen for the 2018 accelerator program last year. Founded in 2016 by Piyush Kumar and Akshat Goel, Rooter offers live … Read more
Bengaluru-based edtech startup Vedantu has raised about ₹9.4 crore in debt and preference funding from Trifecta Capital. This comes amid reports that Vedantu is finalising a $30-million (about ₹212 crore) round led by American hedge fund Tiger Global Management. Founded by IIT alumni Vamsi Krishna, … Read more
Gujarat-based fintech startup Lendingkart has raised around ₹212 crore in an equity round led by existing investors including Fullerton, Bertelsmann India Investments and India Quotient. Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart provides small and medium enterprises easy access to credit. It … Read more
US-based fintech startup C2FO has raised $200 million in a new funding round led by SoftBank’s $100-billion Vision Fund, with participation from Temasek and Union Square Ventures. C2FO’s India head Pradeep Gode said a large part of the funding will be invested into expansion in … Read more
American hedge fund Tiger Global Management is reportedly in preliminary talks with Bengaluru-based scooter rental platform Vogo to invest $40-50 million. Vogo raised about $3.5 million in a debt round led by Mumbai-based Alteria Capital in June. Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, … Read more
Noida and US-based healthcare analytics startup Innovaccer is reportedly in advanced talks to raise up to $60 million from Tiger Global, Steadview Capital and Dragoneer Investment Group. The startup was founded by IIT-Kharagpur graduates Abhinav Shashank and Kanav Hasija, along with IIM-Ahmedabad alumnus Sandeep Gupta … Read more
Bengaluru-based co-living services startup Grexter Living has acquihired Bengaluru-based i2Stay for an undisclosed amount. As part of this transaction, Rajasekhar Gowrineni, CEO of i2stay, will join the Grexter Living team as the Managing Partner for South India. Launched in January 2016 by IIT Madras alumni … Read more
Mumbai-based premium fashion house Purple Style Labs (PSL) has acquired multi-brand e-commerce website Pernia’s Pop-Up Shop (PPUS) for an undisclosed amount. PSL Founder Abhishek Agarwal said the platform is looking to invest in early-stage Indian designer brands. Founded in 2015, PSL has raised over $8 … Read more
