Snapdeal last raised funding from existing investor Nexus Venture Partners in 2017.
The company looks to establish over 100 franchise units across 21 cities over the next 12 months.
Its expansion into grades I-III and entry in the US have contributed to the valuation jump, investors said.
Ace Turtle is also in talks to raise additional equity financing from new investors in the ongoing Series B round.
The round also saw participation of the company's existing investors including Sequoia Capital, Matrix Partners, and Accel Partners.
Policy & Regulations
Morgan Stanley analysts recently called Ola the real threat to Uber in the UK.
The funding appears to be part of Ola's ongoing $472 million Series J round that includes a $238 million investment by Hyundai and a $62 million inves
Degreed also raised about $40 million in venture debt from Alliance Bernstein Growth Stage Capital.
To date, Milkbasket has raised close to $26 million in equity funding from Mayfield, Beenext, Kalaari Capital, and others.
IPOs & Markets
In June 2018, the company merged with Italian-based cloud messaging platform Ubiquity.
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