Aakanksha Ahuja

Indian fintech startup Open raises $5m in Series A funding

The round was led by BeeNext Ventures, Europe-based venture capital fund Speedinvest and 3one4 Capital.

India: Zomato snags $39m funding from US investor Grade Book Capital

The fresh funding is a part of the Series I round, where Zomato raised $210 million from existing investor Ant Financial in October last year.

India: A91 Partners invests up to $9.8m in Sugar Cosmetics

This is the first investment made by A91 Partners, founded by former Sequoia managing directors V.T. Bharadwaj, Gautam Mago, and Abhay Pandey.

India’s Oyo Rooms makes Philippines foray, to invest $50m in operations

Oyo will begin facilities in Manila, Tagaytay and Cebu with 21 hotels and aims to expand to 10 cities by 2020.

India: Paytm forays into hotel booking with Nightstay acquisition

As part of the deal, Nasr Khan, founder and CEO of Nightstay, will lead the hotel booking category at Paytm.

India: Logistics startup Rivigo FY18 revenue rises 77% to $101m

Rivigo has raised $170 million in debt and equity from SAIF Partners, Warburg Pincus and Trifecta Capital among others.

GoMechanic raises up to $4.9m in funding round led by Sequoia Capital

The company will use the fresh capital to expand to new cities and bulk up hiring at leadership positions.

India’s Country Delight said to have closed Matrix Partners-led funding round

The fresh milk startup is likely to have raised $7-10 million in a Series B funding round.

India: PolicyBazaar strengthens leadership team, appoints CTO and CPO

Until now, Ashish Gupta, chief executive of PolicyBazaar’s healthcare venture DocPrime, was the technology and product officer of the company.

Logistics platform LetsTransport raises $12m from Bertelsmann India, Fosun

Bengaluru-based LetsTransport has raised a total of $18.3 million in three funding rounds so far, including this round.