With wary VCs drastically cutting their investments in cash-burning start-ups, top two players in many categories are standing out from the herd
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Tag: Swiggy
Alteria Capital to launch India’s biggest venture debt fund with a corpus of Rs 1k cr
Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…
Darwinbox raises $4 m in series A from Lightspeed Ventures & existing investors
Darwinbox, a human resources software-as-a-service (SaaS) startup, has raised $4 million (about Rs 25 crore) in a series-A round of funding led by Lightspeed India Partners. The company plans to leverage the new infusion of capital for product innovation and market expansion. Founded by Roh…
Google deepens engagement with Indian start-ups via Sand Hill programme
Technology giant Google is deepening its engagements with startups in India and is working with a bunch of “high growth“ ventures as part of a global programme to mentor and deepen its technical engagement with the potential winners of tomorrow. Over the past year, Google has been working with In…
Why are food-tech start-ups once again investors’ choice in India?
At a time when investors’ confidence in the Indian start-ups ecosystem shook in post 2015, questions were being raised on the survival of market-sensitive sectors. Food technology being the worst hit saw funding slump down to $80 million in 2017 from an attractive $500 million in 2014. Are food-t…
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…
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 …
Food start-up Faasos raises $6.3 mn from existing investors
Pune-based quick service restaurant chain and online food delivery company Faasos Food Services Pvt. Ltd. has raised Rs 41.4 crore ($6.3 million) from existing investors, filings with the Registrar of Companies (RoC) show. The investors who participated in this round included Ligthbox Ventures II…
In rat race with Zomato, Swiggy set to get $50 mn in fresh funding
Swiggy, the online food delivery startup, is currently in talks with potential investors to raise at least USD 50 million in fresh funding. Among the potential investors include South African media company Naspers and Chinese conglomerate Fosun International, two people familiar with the developm…
All women branches finding favour with fin institutions
Chennai: Just as the police force found “All women’s police stations” fulfilling a unique need, financial institutions such as banks, MFIs and insurance companies are coming up with all women sourcing networks. At Bajaj Allianz General Insurance Co, their all women branches are …