E-tail to take $1 billion hit in lockdown
Even before the outbreak of the coronavirus, overall consumer spending was muted owing to broader economic challenges. But the virus spreading at this pace brought online commerce to a screeching halt.
Curefit scoops up Rs 832 crore in fresh round led by Temasek
The new financing round has also seen the entry of two new investors into the co...
VCs and startup CEOs join hands to launch Covid-19-focussed Grant
The Action Covid Team Grants, which is possibly a first-of-its-kind initiat...
Unicorn closes 2nd fund at Rs 90 crore
Fund-II, which has a target corpus of Rs 400 crore, has been backed by a number of family offices and investors from the firm’s maiden Rs 100 crore fund.
Venture capital hustle on hold as video calls replace coffees
While governments race to suppress the spread of Covid-19 by restricting travel and discouraging meetups, startup founders are pressing ahead.
Urban Company snaps up Australian on-demand beauty venture Glamazon
The deal will see Urban Company foray into the home-based beauty services segment in Australia
IvyCap invests Rs 27 crore in Fingpay
The four-year-old company will use the proceeds to add various banking and financial products on the platform, which can be accessed by its last-mile customers.
Ecommerce, takeaway joints face shortage of packaging material
The packaging supply chain is at a standstill as India has halted imports from China — a major hub for plastics — and as local manufacturers struggle with permissions to operate under a lockdown, various executives told.
Schroder Adveq leads Rs 214 cr round in Bizongo
Bizongo provides end-to-end automated packaging solutions for companies operating across sectors, such as fast-moving consumer goods, hospitality, food and beverage, retail, ecommerce and industrial logistics, using its proprietary software products Design Square, Artwork Flow and Procure Live.
Recko raises $6 million in Series A funding
India is witnessing a continued surge in the number of digital transactions and many enterprises, banks and financial institutions are finding it difficult to keep track of the money flowing across the organization, according to the startup.
Lodha Ventures invests Rs 45 crore in service apartment startup
While business models differ across startups, a slew of real estate companies are offering solutions for student housing to residential living as buying trends are rapidly moving to asset-light “sharing economy” from ownership.
Bizongo mops up $30 million Series C funding round led by Schroder Adveq
The investment major, which also has a deep focus on secondary transactions, also runs Schroder Adveq Asia, which largely looks to invest in China and India, with, and alongside managers that cover a broad range of sectors such as consumer business services, technology and healthcare.
Covid-19 impact: Early-stage financing rounds fall 30-37%
Deal sentiment has taken a knock over the last few weeks after India imposed a nationwide 21-day lockdown to control the spread of the virus.
Siemens arm debuts in Pando’s $9 million round
Angels including VMWare India MD Ramkumar Narayan, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in the round.
Blume Ventures closes Fund IIA
Fund IIA was raised in parallel to Blume's new $102 million-Fund III announced last week.
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