Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Tag: SAIF Partners
Mobile social gaming company PlaySimple raises $4 mn
In a Series A funding round from SAIF Partners and IDG Ventures mobile social gaming company PlaySimple has raised $4 million. Founded in 2014 by former Zynga employees Siddharth Jain, Preeti Reddy, Suraj Nalin, along with former Walmart Labs engineer Siddhant Jain, PlaySimple has developed two g…
Warburg Pincus bets 500 cr on logistics co Rivigo
Gurgaon-based logistics technology start-up Rivigo has scored a cheque of $75 million or Rs 500 crore led by private equity major Warburg Pincus at a time when there’s been a drastic cut back in growth stage funding this year. Having begun operations in 2014 as TruckFirst, the company servi…
Ratan Tata-backed UrbanClap to launch in Middle East & SE Asia
Bessemer Venture and SAIF Partners funded start-up Urbanclap plans to launch its services in international markets such as Middle East and South East Asia in 2017, CEO Varun Khaitan. “We are following a model of very less feet on street. This gives the agility of launching in any city faster. Thu…
Paytm buys edutech start-up Edukart
Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm Founder Vijay Shekhar Sharma, after it failed to raise new funds, said three people aware of the development. The purchase, whose value wasn’t di…
Swiggy raises $15 mn in Series D round led by Bessemer
Online food delivery start-up Swiggy, owned by Bundl Technologies Pvt. Ltd, has raised $15 million in a Series D round of funding from Bessemer Venture Partners and existing investors Accel Partners, SAIF Partners, Norwest Venture Partners and Apoletto Asia, the company said in a statement on Sep…
Treebo Hotels raises Rs 112 crore in new funding round
Treebo Hotels, a technology-enabled budget hotel chain, has raised Rs 112 crore in a new funding round led by Bertelsmann India Investments (BII) with participation of existing investors, SAIF Partners and Matrix Partners India. Treebo, which competes with budget hotel room aggregator OYO Rooms, …
ShareChat raises $1.35 million in seed funding led by Saif Partners
SAIF Partners said it has invested $ 1.35 million (about Rs 9 crore) in ShareChat, a vernacular social network. The Bengaluru-based firm was also selected for the second batch of the Google’s Launchpad accelerator in Mountain View, California, along with five other Indian startups. The capi…
BookMyShow raises INR 550 crore funding in fourth round
Mumbai, July 6: Mumbai based Bigtree Entertainment which owns and operates BookMyShow, has raised over INR 550 crores in its fourth and largest single financing round. The round was led by US based Stripes Group, and saw participation from all existing investors – Network 18, Accel Partner…
TravelTriangle ties up with Paytm to integrate its payment wallet
Noida-based online holiday market place TravelTriangle has partnered with Paytm to integrate its payment wallet on its web platform and mobile site. Targeted towards making payments cashless for their customers, Travel Triangle is also offering 10% cashback on its site for all trips booked via e-…