Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans. Awfis, which operates 21 workplaces across the National Capital Region (NCR), Bengaluru, Mumbai, Hyderabad, Pune and Kolkata, will use the funds to exp…
Tag: Sequoia Capital
FinTech start-up Capital Float gets funding from Mahindra’s NBFC arm
Capital Float which is a digital lending startup has managed to raise $2.3 Million (Rs.15 Crore) from Mahindra and Mahindra Financial Services through non-convertible debentures (NCDs). Previously, in January 2017, Capital Float have raised had raised Rs.17 Crore from IFMR Capital Finance through…
Oyo in talks with SoftBank for upto $500 mn raise, eyes unicorn club
Mumbai: Budget hotel aggregator Oyo Rooms is in talks with Japan’s SoftBank -an existing investor -for a $500million round of financing, which is expected to catapult it into the so-called unicorn club, comprising tech startups that are valued at $1 billion or more, according to three peopl…
Start-up funding deals decline by 50% in January, 2017
The year 2017 has started with a cautious mood amongst investors in the Indian startup ecoystem. Last month, barely USD 173 million worth of investments took place in Indian startups compared to over twice that number in the same period, a year ago. According to the data, shared by research firm …
Practo raises $55 mn in Series-D funding led by China’s Tencent
Digital healthcare start-up Practo Technologies Pvt Ltd has raised $55 million in a Series-D funding round led by China’s Tencent, with participation from new investors ru-Net, RSI Fund, owned by Recruit Holdings and Thrive Capital. Existing investors Sequoia Capital, Matrix Partners, Google Capi…
US-based Houzz bets on local content for success in India
US-based home design firm Houzz Inc. which opened its India website is hoping to capture the market with local content and communities, the company’s Co-Founder said. Houzz is an online scrapbook that allows designers and home service professionals display their work. This is its thirteenth launc…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
With $323 mn funding, 2016 a bumper year for ed-tech cos
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million -surpassing the previous high of 2014 when ed-tech companies raised $223 million. At 26, the number of deals this year was also over three times more than last year’s $98 million (23 …
Digital media start-up for millennials raises $3 mn led by Sequoia
Mumbai-based Pocket Aces, a digital entertainment company aimed at the Indian millenial, just raised a cool US$3 million in fresh funding, led by VC bigwig Sequoia Capital. Pocket Aces was founded by Ashwin Suresh, Anirudh Pandita, and Aditi Shrivastava in December 2013. Ashwin and Anirudh were r…
QuikrHomes acquires Grabhouse, to launch cashless rental solutions
Online real estate firm QuikrHomes has acquired digitally-driven home rental solutions provider Grabhouse to launch cashless rental solutions. The move comes at a time when the nation is struggling with shortage of cash post the demonetisation of Rs 500 and Rs 1000 notes. The company aims to addr…