Salman S.H
India: Car rental startup Drivezy raises $5m via ICO
Existing investors and high net worth individuals (HNIs) from Japan and Singapore participated in the round.
Logistics startup Cogoport in talks with Accel Partners to raise up to $8m
The proposed deal is one of the largest early-stage funding rounds into logistics start-ups.
India: Swiggy raises $100m funding led by Naspers, joined by China’s Meituan
Rival Zomato recently announced it’s raising $200 million from Alibaba-affiliate Ant Financial.
India: Self-publishing platform Pratilipi raises $4.3m in funding round led by Omidyar Network
Existing investors Nexus Venture Partners, Contrarian Capital, Atul Goel and Times Internet also participated in the round.
India: Paytm, Alibaba in JV to launch new mobile gaming platform ‘Gamepind’
Gamepind will offer a host of popular social, casual and sports games with an exclusive rewards programme.
India: Early-stage VC Stellaris raises funds from Cisco Investments
The tech-focused VC fund had raised $50 million for its maiden fund in February 2017.
India: Classifieds portal Quikr gets 50% revenue from acquired firms
Quikr has been on an acquisition spree since 2015 and has acquired 13 companies in total till date across various categories.
Unilever Ventures leads $3m funding in grocery delivery platform Milkbasket
The online grocery delivery space in India has seen a number of entrants in the past, and some of them have either exited the market fully or down sized operations.
India: Food tech startup HungerBox raises $2.5m from LionRock Capital, others
F&B spending in the B2B space alone is estimated to reach $14 billion in India in 2018, growing approximately at 15% per annum.
India: Tencent-backed health-tech startup Practo losses widen in 2016-17
Practo, one of the well-funded start-ups in the online medical care space, competes with NetMeds and Portea. It raised $55 million in a Series D funding led by China’s Tencent Holdings Ltd in January 2017.