Bengaluru-based edtech startup Vedantu has raised about ₹9.4 crore in debt and preference funding from Trifecta Capital. This comes amid reports that Vedantu is finalising a $30-million (about ₹212 crore) round led by American hedge fund Tiger Global Management. Founded by IIT alumni Vamsi Krishna, … Read more
Gujarat-based fintech startup Lendingkart has raised around ₹212 crore in an equity round led by existing investors including Fullerton, Bertelsmann India Investments and India Quotient. Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart provides small and medium enterprises easy access to credit. It … Read more
US-based fintech startup C2FO has raised $200 million in a new funding round led by SoftBank’s $100-billion Vision Fund, with participation from Temasek and Union Square Ventures. C2FO’s India head Pradeep Gode said a large part of the funding will be invested into expansion in … Read more
American hedge fund Tiger Global Management is reportedly in preliminary talks with Bengaluru-based scooter rental platform Vogo to invest $40-50 million. Vogo raised about $3.5 million in a debt round led by Mumbai-based Alteria Capital in June. Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, … Read more
Noida and US-based healthcare analytics startup Innovaccer is reportedly in advanced talks to raise up to $60 million from Tiger Global, Steadview Capital and Dragoneer Investment Group. The startup was founded by IIT-Kharagpur graduates Abhinav Shashank and Kanav Hasija, along with IIM-Ahmedabad alumnus Sandeep Gupta … Read more
Bengaluru-based co-living services startup Grexter Living has acquihired Bengaluru-based i2Stay for an undisclosed amount. As part of this transaction, Rajasekhar Gowrineni, CEO of i2stay, will join the Grexter Living team as the Managing Partner for South India. Launched in January 2016 by IIT Madras alumni … Read more
Mumbai-based premium fashion house Purple Style Labs (PSL) has acquired multi-brand e-commerce website Pernia’s Pop-Up Shop (PPUS) for an undisclosed amount. PSL Founder Abhishek Agarwal said the platform is looking to invest in early-stage Indian designer brands. Founded in 2015, PSL has raised over $8 … Read more
SoftBank Group’s Founder and CEO Masayoshi Son has said the Japanese conglomerate’s second, $108 billion Vision Fund could start investing as soon as next month. The second fund has received backing from Microsoft, Apple and Kazakhstan, among others, with $38 billion coming from SoftBank itself. … Read more
Gurugram-based online food delivery startup Zomato has confirmed it fired 70-100 employees from its customer support team at its Gurugram office, reportedly as a cost-cutting measure. It reportedly spends about ₹4-5 per order on customer support and after-sales services per food order. However, Zomato said … Read more
Gurugram-based co-working startup GoWork said on Tuesday it has raised $53 million in a debt round financed by a private fund managed by Black Rock’s Private Credit team and CLSA Capital Partners’ Special Situations Group. Prior to today’s announcement, GoWork had raised an undisclosed amount … Read more
