Wrig Nanosystems, a medical technology startup founded by an IIT Delhi graduate, has raised Rs 15 crore in funding from Flipkart, Ranbaxy and Fortis and Round-Glass Partners’
ManageMySpa, a software solution startup founded by Silicon Valley returned serial entrepreneur Sudheer Koneru, has raised $6 million from Accel Partners.
The private equity arm of Fidelity is in advanced talks to lead a Rs 96 crore fundraising round in Mumbai-based CredR.
Billion-dollar cracker for Diwali: Flipkart, Snapdeal shore up capital for the upcoming festive season
Flipkart is said to be raising $1 bn from existing investors at a post-money valuation of $15 bn, according to two sources familiar with the plan.
UpGrad, in which Screwvala plans to personally invest Rs 100 crore over the next two years, will also launch courses for new tech economy.
The fund will have the option to raise up to Rs 1,200 crore, taking it in the league of larger VC firms like Kalaari Capital and Helion Venture Partners.
Swedish investment firm Kinnevik has become the largest investor in Quikr, after it purchased shares worth $20 million in the online classifieds company according to a regulatory filing made on the Stockholm stock exchange.
The company has so far raised four rounds of venture capital funding from Tiger Global Management and Accel Partners, with total funding of about $15 million.
The shares have been picked up by both new and existing investors, though identity of all buyers and sellers could not be immediately ascertained.
Flipkart has teamed up with its largest investor Tiger Global to invest about Rs 76 crore ($12 million) in online home rentals startup Nestaway marking its third investment in new ventures this year.
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