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Investment Alert

Zomato deals with Grofers (Indian entities) for 9.3% stakes for $100 Mn

Gurugram based food-tech, Zomato has invested $100 million (741.2 Crores) for acquiring a minority stake in grocery delivery platform Grofers with the motive to sell grocery on its app. Grofers India Private Limited has allotted 3,248 preference shares and 1 equity share at an issue price of Rs 15,95,000 per share to raise Rs 518.2 crore or $70 million from...

Vedantu buys Ahmedabad-based Ed-tech Pedagogy in 28.5 Cr

Vamsi Krishna led, Ed-tech giant Vedantu has acquired Ahmedabad-based start-up Pedagogy. The payment deal is fixed in cash and stocks. This is the second time Tiger Global backed company Vedantu buys another business after gaining doubt-solving app Instasoly in February 2020.  As per regulatory filings, the deal at which both the companies agree is, Vedantu will acquire 100% stakes in...

Another EdTech Vedantu Entering in the Unicorn Club after raising $100M in Series E

Vedantu, founded in 2011 by Vamsi Krishna, Pulkit Jain Saurabh Saxena, and Anand Prakash, is now another edtech company successfully achieving unicorn status after raising $100M in Series E fundraising backed by ABC World Asia of Singapore. It is also the fifth Indian edtech startup to reach this milestone. Existing investors such as Coatue, Tiger Global, GGV Capital, and...

ideaForge-Mumbai based Drone start-up funded Rs. 15 Cr. from BackSoil after Bags $20 Million order from Indian Army

A Mumbai-based drone manufacturing start-up ideaForge has been funded by an independent advisory firm BlackSoil. The amount of the fund is Rs. 15 Crores which is served in a venture debt round. The funds will be used to meet the working capital requirements of the company to service its large order book, as said by the company. This news comes after...

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...

D2C brand D’Moksha Homes successfully raised $575k in angel seed round

D'Moksha Homes was founded in 2020 in the United States by Nimisha and Manav Dhanda, a Mumbai couple who knew exactly what they wanted in a home. They moved into their new house after having their son, Moksh, and tried to design it in a way that not only defines aesthetics but also displays social and environmental values. This...

B2B2C Service Marketplace Quicqo Bags Undisclosed Amount From Pune Based Investor

“The b2b2c services startup will use the funding to scale its team, consolidate technology and expand reach in multiple geographies.” On Wednesday, the Faridabad-based b2b2c services startup announced that it has raised an undisclosed amount led by Pune based MB Holdings.  Founded in 2017 by Mohit Chaudhary and Manish Kaushik, Quicqo is one of the prominent players in the services industry,...

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...

Dream11 Parent Co. gained second-round funding of $400Mn. before IPL

Bengaluru-based Dream sports, which owned online fascinate sports platform Dream11, has begged a US $400 Mn. in its second round. This led the company valued at US $5 Bn. which is nearly double the value in a small span of six months from its last funding of US $225 Mn in September 2020. This round of funding is initiated...

Insurance Start-up Plum has raised $16 Mn round by Tiger Global

Bengaluru-based Group Insurance start-up Plum has been funded $15.7 Million by New York-based Investment firm Tiger Global. The 15 months old start-up has raised more than $20 million (including seeding round) to date. Plum has approved the allotted 37,970 Series A preference shares at an issue price of Rs. 29,976.83 per share to raise Rs 113.82 crore or $15.7 million...