Flipkart CFO Sriram Venkataraman gets additional charge as COO

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As part of his additional role, Venkataraman will head the logistics vertical Ekart, the marketplace and the retail vertical.

Byju’s raises $400m from CPPIB, Naspers, others as valuation soars to nearly $4b

The funding makes Byju’s the fourth most valuable startup in India, after Paytm (One97 Communications Pvt. Ltd), Ola and budget hotel chain Oyo Rooms.


Sequoia invests $9m in Indian mattress manufacturer Wakefit

With that investment, the previously bootstrapped startup’s valuation now stands at over Rs 210 crore.


Nuveen acquires 25% stake in Indian impact investor Aavishkaar-Intellecap for $32m

About 85% of the proceeds from the stake sale have been invested in two of Aavishkaar Group’s lending arms, Arohan and Intellegrow.


India Dealbook: PlanetSpark, OTO Capital, MYNEWCAR, OweMe, Freightwalla raise funds

Gurgaon-based edtech startup PlanetSpark has received funding of Rs 1.6 crore ($220,000) from education firm FIITJEE.


India: Hero Electric raises $22m from Alpha Capital in maiden funding round

Hero Electric will use the funds for its second factory, develop new products and expand dealer network.


Motilal Oswal Real Estate invests $41.3m in projects across 3 Indian cities

MORE has routed the investments through India Realty Excellence Fund III and India Realty Excellence Fund IV.


Google acquires Indian rail transportation app Where is my Train

Earlier media reports had said that Google was planning on acquiring Sigmoid for around $30-40 million


Skincare startup Plum bags funding from Unilever Ventures

Purplle, which raised funds counts IvyCap Ventures and JSW Ventures as its investors, while Nykaa’s investors include TVS Capital, the Munjal family office and Max Ventures.


Three months after Series C, online meat retailer Licious raises another $25m

The latest round was joined by existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund.