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FUNDING

August 14th, 2018 One of Wework China’s rivals Ucommune, the company that was earlier called UrWork has secured $43.5 million in Series C funding round. This round was led by real estate-focused investment firms Prosperity Holdings and RK Properties. According to the reports, the post-money valuation of the company has reached $1.8 billion. The total...
FUNDING

August 14th, 2018 AI startup Observe.AI has reportedly raised $8 million in Series A funding round. This particular funding round was led by Nexus Venture Partners. The round also saw the participation of various investors including MGV, Liquid 2 Ventures, Hack VC and existing investors Emergent Ventures and Y Combinator. Being stuck on the phone...
FUNDING

August 13th, 2018 Wakefit, an online company that sells mattresses is in advanced talks with three venture capital funds for the purpose of securing about Rs 40 crore ($6 million). The funding will be led by Sequoia Capital. If the funding is implemented, it will be Wakefit’s first external round of investment. The company was inaugurated in 2016 by...
FUNDING

August 13th, 2018 A Bengaluru and Delaware-based drug discovery company called Bugworks Research has reportedly raised $9 million (about Rs 62.2 crore) in a Series A round of funding. This particular round was led by the University of Tokyo Edge Capital (UTEC). The latest funding round also saw participation from South Africa-based Acquipharma...
FUNDING

August 11th, 2018 Bengaluru based Scooter Sharing platform Metro Bikes, renamed now ‘Bounce’, has raised $12.2 million series A funding led by Sequoia India and Accel Partners. Raghunandan G, Founder of TaxiForSure, and other angel investors have also participated in this round. The funding will use to scale up its network of 2,000 scooters in...
FUNDING

August 10th, 2018 World's first real-life virtual trial room Try & Buy Fashions raises $1 million funding. The company is planning to bring online shopping as close to the offline experience as possible by allowing trying and buying of apparel through virtual stylists and virtual trial rooms. "VCats is a great platform that endeavours to back...
FUNDING

August 9th, 2018 Delhi based lending platform Prest Loans raises $2.5 Mn (appr. Rs. 16.5 Crore) debt funding from multiple lenders including AU Small Finance Bank, INCRED, MAS Finance, Northern Arc Capital (earlier IFMR) and other who have been with the company from very early stage itself. The company has seen 10X growth in lending on YoY basis and...
FUNDING

August 9th, 2018 Gurugram, August 9, 2018: GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at...
FUNDING

August 8th, 2018 Shadowfax, India's largest logistics provider for local businesses has raised an amount of $22 million in Series C funding round. This financial round was led by Nokia Growth Partners. The round also saw the participation of Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures. This particular investment is likely...
FUNDING

August 8th, 2018 B2B firm ShopX has reportedly raised an amount of $35 million in a fresh funding round from Fung Strategic Holdings. The primary purpose of this funding is to fuel the company’s expansion plans. The funds so raised are being planned to use in the strengthening of ShopX’s products and engineering teams. Along with this, the company...
FUNDING

August 7th, 2018 Satya MicroCapital, a Delhi-based women-focused company has reportedly secured funds amounting to Rs 43 crore ($6.27 million) in an equity funding. The particular round was led by new investor Gojo & Company, Inc. Gojo & Company is based in Japan and holds stakes in microlenders. Dia Vikas Capital Pvt. Ltd, the existing social...
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