Salman S.H

Treebo Hotels acquires Bengaluru-based travel startup Events High

Events High, which has over 1.5 million unique visitors on its website, will leverage Treebo’s reach across 75 cities for further expansion.

Online insurance startup Acko raises $12m from Amazon India, others

The fresh infusion takes Acko’s total equity funding to about $42 million.

Indian B-school IIMA centre launches $25m fund with backing from Omidyar, others

The initiative received an initial pledge of $12.5 million from the Bill and Melinda Gates Foundation, the Michael and Susan Dell Foundation, and Omidyar Network,

India: Analytics startup ThoughtSpot raises $145m in Series D round

The round was led by its existing investors including Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst. New investor Sapphire Ventures also joined the financing. 

Consumer tech startup boAt raises funds from Fireside Ventures

Consumer tech startup boAt makes electronic products such as speakers and headphones

SAIF Partners-backed UrbanClap revenue grows fourfold in FY18

The home services startup’s operating revenue grew four times to Rs45 crore in 2017-18 from Rs11 crore in 2016-17

India: After dry spell, over half a dozen startups gear up to enter unicorn club

Take a look at eight such startups that are market leaders in their respective businesses and have become investor favourites.

Google to launch mentorship program ‘Solve for India’ for tech startups

Google’s new mentorship project will focus primarily on startup products that demonstrate expertise in AI and machine learning.

Swedish investor Kinnevik downgrades Quikr valuation by 12% to $885m

Kinnevik, which holds an 18% stake in Quikr, said the fair value of its holding was marked at $159.29 million for the year ended December 2017.

India: Amazon provides $22m equity funding to digital lender Capital Float

The current funding from Amazon is part of Capital Float’s Series C round in August 2017 when it raised $45 million.