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.
Steadview funding values Nykaa at $1.2 billion
The funding includes the sale of shares by some existing investors and employees of Nykaa, whi...
Swiggy raises additional $43 mn as part of ongoing funding round
Along with existing investor Tencent, new investors Ark Impact, Korea Invest...
DPIIT told to expedite funds for Covid-19 related startup ideas
Fund of Funds does not directly invest in startups but provides capital to Sebi-registered Alternative Investment Funds (AIFs) known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
MedGenome secures $55 million funding led by LeapFrog Investments
MedGenome plans to use the funds raised to expand clinical genomic testing to India's tier-2 and tier-3 towns and cities, as well as towards accelerating its drug discovery programs.
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.
Urban Company launches Covid-19 relief fund for gig workers
This fund will be used to provide sustenance support to deserving individuals and their families over the next few months, till the situation comes back to normalcy.
Bain Fund, BitMEX owner among funders of India crypto bourse
The funding signals hope for an industry that floundered in the last two years amid the ban, during which time several exchanges had to shut up shop. Liquidity fell drastically and it became challenging to operate the business.
Startup founders see VC funding drought
The report maps the sentiment prevailing in the startup ecosystem, in a survey conducted of 100 founders and senior industry leaders.
Airbnb board meets to consider raising funds or buying assets
The home-rental startup has been approached by a dozen potential investors, according to the people, all of whom asked not to be identified discussing private information.
SoftBank seeks $10 billion to support Vision Fund companies
Some of the fund’s largest investments have already taken a hit. Uber Technologies Inc. shares have more than halved in the past month, in part because its ride-sharing service Uber Pool has been banned in certain geographies.
Ola launches fund for the driver community; Bhavish Aggarwal to forgo 1-year's salary
The proceeds of the fund will help towards the welfare and upliftment of drivers and their families who have been affected by the restrictions due to the Covid- 19 pandemic.
Sequoia seeks to raise $7 billion for new funds as markets reel
The firm made headlines with its memo earlier this month that coronavirus represents a “black swan” event, meaning an unexpected disruption with widespread financial impact.
CoreStack raises $8.5 million in series A funding round
These enterprises are engaged in financial services, healthcare, large IT services, ISVs, education services who have reported an annual cloud cost savings of 20%-60% using their solution.
Covid-19: Task force to map technologies to fund nearly market-ready solutions
Nodal officers of ministries and departments concerned have been requested to personally expedite the process of obtaining information on start-ups and other entities supported by them that have technology solutions for any important aspect of Covid-19.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service