Search Results for:Salman S.H
Ofo will be the first international company to launch bike sharing in India.
Investors in the round include Social Capital, JS Capital Llc, Horizon Ventures and Prime Ventures India.
The funding round was joined by Learn Capital, Appdynamics founder Jyoti Bansal, Blue Fog Capital, Rocketship.vc and Moneta Ventures.
The acquisition comes just a month after Swiggy launched Access kitchens in Bengaluru under the new supply vertical.
Existing investors Shunwei Capital and India Quotient also participated in the round. The seven-month-old start-up will use the funds to hire people and improve its technology platform.
The firm reported a revenue of Rs 127.5 crore, up 30% from Rs 98.2 crore last year.
Bhatia comes with 19 years of experience in consumer goods firms like Reckitt Benckiser, PepsiCo and Britannia.
Mswipe announced the Series D round in June, when it initially raised $31 million from Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Edge Capital.
Nazara announced that it would launch an IPO by the end of the March to raise Rs 1,000 crore
Stanza competes with other accommodation aggregators like Nestaway, Zocalo, Homers and Homigo. The firm will use the funds to expand into new cities, upgrade its technology platform, and for hiring.