Innoven Capital expects a two-thirds increase in its deal count as it hopes to lend up to Rs 300 crore to startups by the end of this year.
It could mean that home services can join the likes of other hot on-demand sectors such as taxi booking, groceries, food delivery.
If the deal fructifies, it will mark an over ten-fold increase in valuation and the third round of funding this year for the Gurgaonbased startup.
Urban-Clap, a mobile marketplace for services, is in talks to raise nearly $30 million (about Rs 200 crore) in its latest round of funding.
Nykaa, founded by investment banker-turned-entrepreneur Falguni Nayar, has raised close to Rs 60 crore from a group of affluent Indian investors
Venture capital investors poured $3.98 billion across 329 deals in the first nine months of 2015, data from financial research firm VCCEdge has showed.
Rise of vibrant private market for emerging businesses? Flipkart, Snapdeal,Practo investing in or buying startups
The lack of exit opportunities for investors and founders through acquisitions has been a major topic of concern in the Indian startup ecosystem.
Quikr is close to acquiring a majority stake in realty portal CommonFloor with the pay-out estimated to be worth about Rs 330 crore.
Sequoia is investing Rs 40 crore in Backwater Technologies, the startup behind Chillr app which allows users to transfer money to any contact in their phone book.
Shopalyst, a 16-month-old startup founded by four veterans from Infosys and currently in beta testing phase, has raised $2 million from Kalaari Capital.
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