Cab aggregator Ola is believed to be in talks with new and existing investors including SoftBank Group to raise another round of funding of around USD 600 million by the year end, a report says . The funds sought to counter competitive pressures from rival Uber Technologies is expected to give t…
Tag: Sequoia Capital
Freshdesk raises $ 55 mn from Sequoia Capital, Accel
Cloud-based customer engagement software provider Freshdesk said it has raised USD 55 million (about Rs 367 crore), led by Sequoia Capital India. The series F funding round also saw participation from existing investor, Accel. “The latest round of funding will be used to accelerate the gro…
Edutech firm Byju’s to raise $50 million
Bengaluru-based education technology (edutech) firm Byju’s says it is in advanced stages of talks to raise $50 million (about Rs 336 crore) in funding, which will help it expand into the US, the UK and other countries over the next few months. Byju’s says it will utilise the newly raised capital …
InnoVen Capital clocks Rs 82 crore deals in first quarter
Temasek-owned InnoVen Capital has struck deals worth Rs 82 crore in the first quarter of the current fiscal, as the venture debt firm looks to make deeper inroads into Asia’s third-largest economy and rapidly-maturing startup ecosystem. InnoVen Capital, which is also backed by Singaporean m…
1mg acquires Medd to boost diagnostics image
Taking a step further in its aggressive growth plans, Sequoia Capital backed online pharmacy 1mg on July 4 announced that it has acquired Medd, a marketplace for booking diagnostic and imaging tests. 1mg did not divulge the deal size and structure. “Diagnostics is a huge opportunity within …
Ola to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…
OYO enters into partnership with ItzCash to build strong Omni-channel presence
OYO, India’s largest branded network of hotels announced a strategic partnership with ItzCash, India’s pioneer and the largest player in the digital payments space, to tap the next 500 million underserved Indian consumer segment. The tie-up will facilitate effortless payments for hotel-bookings a…
Sequoia Capital looking to invest about Rs 100 crore in outdoor gear manufacturer Wildcraft
Sequoia Capital is looking to invest about Rs 100 crore in Bengaluru-based outdoor gear manufacturer Wildcraft, people aware of the development said, in what will be the venture capital firm’s second round of funding in the company. In 2013, Sequoia had pumped in close to Rs 70 crore in Wil…
At its warehouse, Nasscom bets on start-ups
Navanee Sundaramoorthy Co-Founded Uncanny Vision, an artificial intelligence start-up, which gives machines an ability to see and analyse like humans, from a garage in a residential area in east Bengaluru. He and other Co-Founders Ranjith Parakkal and Devadas Parakkal then moved to a proper offic…
VentureNursery’s demands in way of Oyo’s Zo acquisition
Budget hotel aggregator OYO Rooms has hit a hurdle in completing its acquisition of rival Zo Rooms with fresh demands from one of its early investors stalling the process, according to four people aware of the negotiations. VentureNursery, a Mumbai-based accelerator which was the first investor i…