Treebo plans to improve customer experience, marketing, technical and expansions.
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Tag: SAIF Partners
SME lending platform Capital Float raises $45 m from VC firm Ribbit Capital, others
The company will use the fund in enhancing its geographic footprint, improve customer experience and launch a new set of credit products for SMEs across India.
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SoftBank to invest $200 m in logistics start-up Rivigo
Japanese conglomerate Softbank is eyeing logistics industry as it is set to infuse $200 Million in Gurgaon-based logistics startup Rivigo. The investment, if it goes through, could value the three-year-old company at nearly $1 billion, one of them said, while another pegged the potentia…
Indian start-ups look for investors as funding hits rock bottom
Monsoon is yet to arrive for Indian start-ups that have been waiting to see venture capital firms flushed with cash open up their purse strings after a reality check on investment euphoria dried up early-stage capital flow. The number of start-ups that got funded in the last three months dropped …
Insurance platform Coverfox raises $15 m funding from Transamerica, others
Mumbai-based online insurance brokerage platform Coverfox has reportedly raised about $15 Mn (INR 96 Cr) in Series C round of funding. As per ET sources closer to the development, the round was led by US insurer Transamerica, along with the participation of existing investors. Glibberbug Technolo…
Swiggy raises $80 m from Naspers, existing investors
Online food delivery platform Swiggy on May 30 said it has raised $80 million (over Rs 517 crore) in Series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partne…
MSME financing start-up Aye Finance raises $8 m from Blue Orchard
Non-banking finance company (NBFC), Aye Finance has raised $8 million from Blue Orchard, a leading global impact investment manager. The funds were raised through NCDs (non-convertible debentures) with a maturity period of five years. Aye Finance says it is committed to transforming micro and sma…
India’s first insurance start-up ‘Acko General Insurance’ raises $30m
Set up by Varun Dua, previously founder of Coverfox, Acko General Insurance has received it’s in principle regulatory clearance to launch a general insurance business in India. The company has received R1 license and has filed for R2 license with the insurance authority. In a regulated business, …
SBI sanctions credit facilities of $3.1 m to Aye Finance; NBFC to now reach out to more MSEs
Gurugram-based NBFC Aye Finance has been sanctioned credit facilities to the tune of $3.1 million (Rs 20 crore) from the country’s largest public sector bank State Bank of India (SBI), for the purposes of on-lending. The credit facility will enable Aye Finance to further its goal of financial inc…
Get ready entrepreneurs! SAIF Partners plans to invest in 10 new start-ups
Venture Capital firm SAIF Partners which was the early backer in companies such as MakeMyTrip, Paytm and Swiggy is likely to make at least 8-10 new bets during the current year, according to a top executive. “Historically we must have done 8-10 investments in a year. It will go at the same …