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Investment Alert

Miko Gains $29 Million in its new round of funding driven by IIFL

An Advanced Personal Robot for Kids organization, Miko 2 has raised $29 million from its Series C round, backed by 30 investors. In the same year, the company raised approx—$ 6.7 million, led by IvyCap Ventures in April.   The latest round of funding is backed by existing and new investors. IIFL invested a large amount of $6 million, followed...

Stellaris Venture Partners closed its second fund of $225 Million

Stellaris Venture Partners, known as an investor in start-ups like software firm Whatfix, consumer brand Mamaearth has raised $225 million of funding in its second round of India-dedicated funding on 11-August. Before that, in Feb 2017 the company raised its first round of funding of approx. $100 million. In the same year, the company was founded by three former Helion...

After raising $90 million, CoinDCX became the first Cryptocurrency Unicorn of India

Founded by an IITian, Sumit Gupta (co-founder and CEO) of CoinDCX has become the first Unicorn company in the league of Crypto exchange. On 10-August the company raised $90 million, led by Facebook co-founder Eduardo Saverin’s fund B Capital, valuing it at $1.1 billion.  Their existing investors such as Coinbase Ventures, Block.one, Jump Capital, Polychain Capital, and others have also...

E-commerce B2B Retail player Udaan may Mount debt funding

Bengaluru-based retail start-up Udaan is focusing on new ways of capital raising. As per sources, the company is looking for debt funding from global institutional investors. In an interview, one of the co-founders of Udaan, Vaibhav Gupta, said, public market investors, want to come into the private market now, recently budgeted hotels start-up OYO Rooms also raised around $600 million...

BharatPe valued at $2.85 Bn and joins Unicorn club after latest $370 Mn funding

Delhi-based, Fintech start-up BharatPe has raised $370 million by its New York-based new investor Tiger Global Management with other participants Steadfast Capital, Dragoneer Investor Group, Sequoia Capital, Coatue Management, Insight Partners, Amplo, and Ribbit Capital in its Series E round. The round takes BharatPe to a total valuation of $2.85 billion and makes its entry in the list of Indian...

Droom raised $200 Mn. in pre-IPO funding and entered the Unicorn club

An online marketplace of automobiles, Droom has made the latest entry in the unicorn club with raising money of $200 million considering its pre -IPO growth funding round. Droom becomes the 17th company in a row to become Unicorn this year.  Gurgaon-headquartered Droom is the second entry in Unicorn club in the online automobiles segment after Cars24, which made an...

BlackBuck, Logistics Tech Start up entered the Unicorn Club with $67 Mn. fund raised

Bengaluru-based online trucking start-up has entered the list of Unicorn companies today. The company has raised $67 million in its Series E round led by its existing key investors Sands Capital, Wellington Management, and International Finance Corporation (the World Bank investment arm). Apart from them, IFC Emerging Asia Fund Tribe Capital and VEF also participated. After this round, the valuation...

Indian Start-up GlobalBees gets record $150 Mn funding in series A led by FirstCry

GlobalBees, a New Delhi-based, three-month-old start-up, has raised $150 Mn in a Series A financing round led by FirstCry on Monday. Lightspeed also participated in the round. According to the company’s statement, it has raised $75 Mn in equity and $75 Mn in debt in this round. Apart from this, Agnihotri, alongside Atul Gupta of Premji Invest, Kshitij Sheth of...

RRVL, Subsidiary of Reliance, acquired 66.95% of stakes in JustDial

Reliance Retail Ventures Limited (RRVL), a retail business arm of Reliance Industries Limited (RIL), is buying a majority stake of 66.95% in B2B search engine company Just Dial Ltd in a cash deal worth Rs. 5,710 Cr. According to the agreement, Just Dial will allot 21.2 million preferential equity shares, equivalent to 25.33% post preferential share capital at Rs. 1,022.25...

Delhivery-IPO bound start-up raises $100 Mn from FedEx Subsidiary

Homegrown logistics company Delhivery has got funds of $100 million in equity from FedEx Express, a subsidiary of one of the world’s largest transport companies FedEx Crop. Both Delhivery and FedEx Express India also have set foot into equity and commercial agreements that will utilize their combined muscle to explore and unlock India’s international trade potential.  As per the companies’ joint...