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...

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...

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...

EV start-up Euler Motors raises Rs. 30 Crores in ongoing series-A Funding Round

New Delhi-based Electronic Vehicle start-up Euler Motors bags Rs. 30 crores in its on-going series A funding round. This news was announced by the company on 4-March-2021. This round is led by Bangalore-based Inventus capitals and Singapore-based Jetty ventures, followed by existing investors Sujeet Kumar, co-founder of Udaan, and new investors Ganesh Krishnan and Anumolu from Growth story. Till now, the...

DFC will provide Origo with $20 million in debt funding

Origo Commodities, an agri-fintech startup, will raise $20 million (145 crores) in debt financing from the US International Development Finance Corporation (DFC), the US government's development finance organization. The guarantee is part of DFC's commitment to invest in projects that assist grow agricultural enterprises, strengthen value chains to decrease food waste, build vital food processing and storage facilities, and...

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...

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...

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...

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,...

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...