Udaan and Vedantu backer GGV Capital raises $2.5 billion across four latest funds
The four funds are Fund VIII (for most investments), Fund VIII Plus, Discovery III (for early-stage startups) and Entrepreneurs VIII.
Indian biomedical startup Elucidata raises $5 million in pre-series A funding round
The firm will use the investment to capitalise on its position as a leading provider of structured biomedical molecular data to the life sciences industry.
Video software platform Vimeo valued at nearly $6 billion in a new round of fundraising
In December, Vimeo saw its highest month of year-over-year revenue growth—57 percent—for all of 2020.
Indian startups attracted $10.14 billion in funding in 2020 despite the COVID-19 pandemic
This is the third year in a row that India has kept its number four position globally after the US, China and the UK.
Furniture rental startup Furlenco raises Rs 20 crore in venture debt from Blacksoil
Furlenco has furnished over 150,000 homes across eight major cities in India and has AUM (assets under management) worth over Rs 200 crore.
CRED founder Kunal Shah backs Carl Pei's upcoming venture in an undisclosed amount of funding
"Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” Kunal Shah said.
boAt raises $100 million in funding from New York-based private equity firm Warburg Pincus
The company will use the investment to widen its R&D capabilities and build and support a manufacturing ecosystem under the Make in India initiative.
Amazon has invested Rs 11,400 crore in India in the financial year 2019-2020
Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20.
Agritech startup Gramophone has raised Rs 25 crore in a funding round led by Siana Capital
The fresh capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers.
Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows
In 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. The decline is primarily attributed to the outbreak of COVID-19.
Hyderabad-based SucSEED Indovation announces closure of Rs 100 crore fund by raising Rs 40 crore
The licensed and registered angel fund along with its first closure also announced its three new startup investments.
Dailyhunt parent VerSe Innovation raises $100 million in fresh funds from Google, Microsoft and others
This new round of funding pushes VerSe Innovation, owner of the short-form video app Josh, into the unicorn club.
Zomato closes $660 million funding in Series J fundraise round making its valuation hit $3.9 billion
Zomato is also raising $140 million as a part of a secondary transaction, the company's co-founder and CEO Deepinder Goyal said.
Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019
The report states that the Indian subcontinent is one of the largest markets for education with 360 million learners in FY20.
Gaming start-up EWar raises pre-series A funding round from Inflection Point Ventures & other angel investors
The company aims to use the funds raised for deeper market penetration and the development of new products and services.
Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO
At present, Delhivery has a nationwide network that touches over 17,500 pin codes and 2,300 cities. It offers a full suite of logistics services and more.
Pine Labs announces new investment from Lone Pine making its valuation exceed $2 billion
As of now, Pine Labs serves more than 150,000 merchants in 3,700 cities across Asia and the Middle East.
Wakefit.co raises Rs 185 crore in a funding round led by Verlinvest, Sequoia, valuation hits Rs 1,900 crore
The company aims to deploy the latest round of funding to penetrate into newer markets and foster product innovation.
.jpg?impolicy=website&width=640&height=362 "Ola Electric to invest Rs 2,400 crore for e-scooter factory plant in Hosur, Tamil Nadu")
Ola Electric to invest Rs 2,400 crore for e-scooter factory plant in Hosur, Tamil Nadu
Upon completion, the factory will create nearly 10,000 jobs with an initial annual capacity of 2 million units, it said in a statement.
Mumbai-based Infra.Market bags $20 million in Series B funding from Evolvence, Sistema
The company plans to use the fresh funds to enter newer markets and push initiatives such as D2R.