March 31, 2021 / by Taniya Saini / Angel Investors, Funding, investment, News, Startup, StartupLanes
Tech platform Zoko on Wednesday announced that it has raised $1.4 million (about Rs 10.2 crore) in seed funding from Y Combinator and marquee angel investors Ryan Hoover, Flipkart Co-founder Binny Bansal’s family office, and others. As per the statement, the startup will utilize the latest round of funding to strengthen its engineering and development […]
Read more
Amazon Acquires Retail Tech Startup Perpule for INR 107.6 Cr
March 31, 2021 / by Taniya Saini / News, Startup, StartupLanes, Uncategorized
To step up its game in the Kirana-tech space, American e-commerce giant Amazon has acquired Bengaluru-based retail tech startup Perpule for INR 107.6 Cr (about $14.5 Mn). The overall deal value is secured at INR 150 Cr ($20 Mn) as Amazon is expected to pay additional remuneration to Perpule’s employees as stated by two individuals […]
Read more
InMobi plans US IPO at value of up to $15 billion
March 31, 2021 / by Taniya Saini / Funding, investment, News, Startup, StartupLanes
InMobi Pte, which offers mobile-advertising services globally, is looking to list in the U.S. by the end of the year, as revealed by a person familiar with the development, possibly the first among a slew of Indian startups targeting initial public offerings. The tech startup, India’s first private company to attain unicorn status with venture […]
Read more
Macrotech Developers receives SEBI approval for ₹2,500-crore IPO
March 31, 2021 / by Taniya Saini / Funding, investment, News, StartupLanes, Uncategorized
Macrotech Developers (formerly Lodha Developers) has received a green flag from the market regulator for its proposed ₹2,500-crore Initial Public Offering (IPO). The company intends to roll out the offer by April 10. Moreover, the property developer would also plan to raise ₹500 crore through a pre-IPO placement. “The company’s IPO plans are on track, […]
Read more
Zoko funding
March 31, 2021 / by Taniya Saini / Angel Investors, Funding, investment, News, Startup, StartupLanes
Tech platform Zoko on Wednesday announced that it has raised $1.4 million (about Rs 10.2 crore) in seed funding from Y Combinator and marquee angel investors Ryan Hoover, Flipkart Co-founder Binny Bansal’s family office, and others. As per the statement, the startup will utilize the latest round of funding to strengthen its engineering and development […]
Read more
Warburg Pincus preparing Asia-focused $1.5 bn realty fund
March 31, 2021 / by Taniya Saini / Funding, investment, News, Startup, StartupLanes
Private equity firm Warburg Pincus is preparing for a $1.5 billion Asia-focused real estate fund, according to a media report. It will mark the first Asian real estate fund from Warburg Pincus. Warburg Pincus Asia Real Estate LP has filed Form D with the US Securities and Exchange Commission for its forthcoming fundraise. It is […]
Read more
Startups To Face Disturbance In Subscriptions From April As RBI Changes Recurring Payments Rules
March 31, 2021 / by Taniya Saini / News, Startup, StartupLanes
Auto-debit payments for mobile and utility bills as well as various subscription-based services will come to a standstill starting April as new rules for automatic recurring payments kick in. Standing instructions (SI) registered on credit or debit cards for services such as Netflix, Amazon Prime, Disney+ Hotstar as well as multiple other online services such […]
Read more
Uable funding
March 31, 2021 / by Taniya Saini / Funding, investment, News, Startup, StartupLanes
Bengaluru-based online life-skill development platform Uable has raised $3.5 Mn in a pre-Series A round led by JAFCO Asia and Chiratae Ventures. Existing investor 3one4 Capital also participated in this round. Uable plans to use the freshly acquired funds to form a global team, expand the product globally and add more real-world domains for teenagers […]
Read more
Chinese investors, angels plan exit from Cred in secondary share sale
March 31, 2021 / by Taniya Saini / Angel Investors, FinTech, News, Startup, StartupLanes
Chinese investors Hillhouse Capital and Morningside Ventures are looking to sell their complete stake in fintech platform Cred along with angel investors who include India’s most prominent entrepreneurs, with existing and new investors planning to give them an exit, sources told Moneycontrol. Hillhouse owns less than 10% of the Kunal Shah-led company, while Morningside owns […]
Read more
India’s top pharmaceutical majors in talks to buy Pharmarack
March 31, 2021 / by Taniya Saini / health, News, Startup, StartupLanes
A consortium of India’s top pharmaceutical majors, includingLupin, Sun Pharma, Cadila Healthcare, and Torrent Pharma, is in advanced discussions to acquire the business-to-business healthcare platform Pharmarack, according to several people familiar with the progress directed at creating a digital-first pharma distribution business. Regulatory filings by the four companies last week show that each has invested […]
Read more
Nazara Technologies makes a strong debut at Rs 1,990, a 81% premium
March 31, 2021 / by Taniya Saini / Funding, investment, News, StartupLanes
Rakesh Jhunjhunwala-backed mobile gaming company Nazara Technologies had a strong debut as the share opened with a huge 80.74 percent premium on March 30. The stellar start was predicted considering that the IPO was subscribed 175.46 times, the company’s solid revenue growth trajectory with a successful business model, increasing smartphone penetration with more youngsters taking […]
Read more