Salman S.H

India: Online education startup Springboard raises $9.5m Series A led by Costanoa

The funding round was joined by Learn Capital, Appdynamics founder Jyoti Bansal, Blue Fog Capital, and Moneta Ventures.

India: Swiggy acqui-hires startup 48East to boost its new supply business

The acquisition comes just a month after Swiggy launched Access kitchens in Bengaluru under the new supply vertical.

India: Video-sharing firm Clip raises funds from Matrix, others

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.

India: Venture-backed Pepperfry narrows loss to $20m in 2016-17, revenue up 30%

The firm reported a revenue of Rs 127.5 crore, up 30% from Rs 98.2 crore last year.

India: Swiggy appoints Vishal Bhatia as CEO of new supply business

Bhatia comes with 19 years of experience in consumer goods firms like Reckitt Benckiser, PepsiCo and Britannia.

India: PoS machine-maker Mswipe raises $10m from DSG Consumer, B Capital

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.

India: IIFL fund acquires stake in gaming firm Nazara Tech for $51m

Nazara announced that it would launch an IPO by the end of the March to raise Rs 1,000 crore

Matrix Partners, Accel invest in Indian student housing platform Stanza Living

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.

With growing readership, Indian content startups stir interest from investors

Investors are bullish about the potential of content start-ups that can serve tens or hundreds of millions of Internet users.

India: Kissht raises $10m in funding from Fosun RZ Capital, others

Prophet Capital, Beijing and existing investors Ventureast and Endiya Partners also joined the round.