Salman S.H

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.

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