India Dealbook: Quandl & Nearbuy fundraise, Directi to invest $110m in 4 firms

Quandl, an alternative data platform, has raised $12 in Series B round, Nearbuy has received debt of Rs 15 crore ($2.2 million) from BlackSoil Capital Pvt. Ltd while Directi is looking to invest $110 million in four new ventures.

Quandl raises $12m in Series B led by Nexus Venture Partners

Quandl, a Canada-based alternative data platform, has raised $12 million in Series B round of funding led by VC firm Nexus Venture Partners (NVP), according to a press note.

Existing investor August Capital also participated in the round. Till date, the company has raised $20 million including the fresh round of $12 million.

As part of the investment, Naren Gupta, founder of NVP, has joined Quandl’s board of directors. Quandl, a platform for financial, economic and alternative data, will use the fresh funding to expand its coverage of alternative data.

Nearbuy gets $2.2m venture debt from BlackSoil Capital

Gurgaon-based deals and discounts site Nearbuy has received Rs 15 crore ($2.2 million) from venture debt from BlackSoil Capital Pvt Ltd.

Nearbuy will use the money for adding new customers and enhancing merchant technology.

Operated by Groupon India Pvt Ltd, Nearbuy features hyperlocal offers food and beverages, spa, salons, wellness and getaways. It is present in over 35 cities, offers more than 18 categories and has over 50,000 merchants across 100,000 unique locations, as per its website.

Directi to invest $110m in 4 newer companies

Directi, a diversified technology company, plans to invest $110 million in four newer companies, as per an Economic Times article.

Founded by brothers-duo Bhavin and Divyank Turakhia in 1998, Directi plans to back communications app Flock, tax reimbursement management app Zeta, low-cost international calls app Ringo and Radix in the current year and the next with $110 million.

The company is also eyeing to buy a 1 lakh square feet building in central Bangalore to accommodate its expansion.

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