Salman S.H

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.

India: ShareChat raises $18m Series B from Xiaomi Singapore, Shun Wei Capital

Existing investors including SAIF Partners, Lightspeed Partners, India Quotient, and Venture Highway also participated in the round.

China’s Ofo to launch bike-sharing service in India through tie-up with Paytm

Ofo will be the first international company to launch bike sharing in India.

Indian fintech startup NiYO Solutions raises $13.2m in Series A round

Investors in the round include Social Capital, JS Capital Llc, Horizon Ventures and Prime Ventures India.