Xiaomi invests $5.9 Million in WorkIndia
Xiaomi has invested $5.9 Million in a Mumbai-based online recruitment platform, WorkIndia (on February 10). For those who don’t know, WorkIndia is an online recruitment platform that enables blue-collar workers to find a job based on their skills. According to Kunal Patil, founder of WorkIndia, the money will be used to grow […]
Funding News: Fleetx raises $2.8 Million in Series A funding round
Founded in 2017, Fleetx.io has raised $2.8 Million ( Rs. 19.91 Cr ) in a Series A funding round led by Singapore-based Beenext, alongside existing investor India Quotient. This Gurugram-based fleet management platform help fleets to observe and optimize their daily logistics operations. Fleetx uses AI and predictive analytics to help […]
HDFC will invest Rs.100 Cr ($14 Million) in Tech Startups every year
HDFC said they will invest up to INR 100 Cr per year in startups in the tech sector. HDFC Chairman Deepak Parekh said that the working will start in 2 months
Bizongo has raised $30 Million (INR 213.99 Cr) in Series C Funding
Based out of Mumbai, Bizongo, a business-to-business online marketplace for packaging needs, has raised $30 million in Series C funding round led by Swiss hedge fund Schroder Adveq.  Bizongo is planning to expand in the nation and also to add more categories. To date, Bizongo has raised up to $56 million. According to Sachin […]
Zomato’s CEO, Deepinder Goyal, provides reasons for why Zomato acquired Uber Eats
After acquiring Uber Eats, Zomato has become the largest company in the food delivery business. Zomato’s CEO and Co-founder, Deepinder Goyal in a recent interview, gave reasons on why Zomato acquired Uber Eats. In an interview with ET, Deepinder Goyal said, “I’d give away 10% only if I’m gaining more than […]
Park+ gets $11 Million funding from Sequoia Capital, Matrix Partners
Startup Park+, based out Delhi NCR, gets $11 Million (INR 78.41 Cr) in funding from Matrix Partners, marquee VCs, and Sequoia Capital. The rise in automobiles has caused a lot of parking issues. Founded by ex-Paytm VP Amit Lakhotia (July 2019), Park+ enables commuters and drivers to find parking spaces […]
Dockless bike rental startup Bounce has raised $105 Million in Series D funding round
Bounce, a dockless bike rental startup, announced that they have raised an additional $105 Million ( around INR 748 Cr) from B Capital Group and Accel Partners. Kabir Narang, general partner and co-head of Asia at B Capital Group will now be joining Bounce board after this freshest funding. Now, […]
Ghost Kitchens invests in Ethos Group and QSR Brands India
An undisclosed amount has been invested in the Ethos Group and QSR (Quick Service Restaurant) Brands India by Ghost Kitchens. Ghost Kitchens are also planning to include Tier 2 and Tier 3 cities for their scaling strategy. The reason for investment is to help the partner restaurant brands scale up […]