A startup that delivers milk and grocery called DailyNinja has reportedly raised an undisclosed amount in a funding round led by Matrix Partners India. The particular round also saw participation from existing investors including Sequoia India and Saama Capital. The funds raised will be used to accelerate growth, expand its footprint and hire professional talent. Also, the company aims to achieve […]
Zomato, the online food delivery and restaurant discovery giant has reportedly acquired a Bengaluru-based startup known as TongueStun Food in a cash and stock deal. The startup is basically concerned with aggregating caterers and restaurants for office canteens. Following this acquisition, the valuation of the company will reach $18 million as stated by the people involved […]
With the increasing demand and manufacturing of electric vehicles, it has been planned that Bengaluru will have electric charging points over 120 locations in the city including IT parks and shopping malls. The brainchild of the Transport Department and the Bengaluru Electricity Supply Company (Bescom) is anticipated to accelerate up the use of electric vehicles. Currently, Bengaluru […]
ONN Bikes, the two-wheeler bike rental platform that is based in Bengaluru has taken a step forward to provide a better customer experience and make bike rentals hassle-free and enable quicker intra-city commutes by introducing dockless bikes on the basis of hourly, daily, weekly, and monthly bike rentals. Since the introduction of cab services, going […]
The leading edtech platform Byju’s has reportedly acquired Math Adventures which is an online mathematics learning startup based in Bengaluru. However, the amount of the deal has not been disclosed yet. This acquisition by Byju’s marks as the fourth acquisition of the company. Last year, Byju’s acquired two startups namely TutorVista and Edurite in July and […]
Mitra Biotech, a Bengaluru-based oncology solutions firm has reportedly secured funds amounting to $40 million (about Rs 270 crore) in a Series-C funding round. The following round was led by Northpond Ventures based in Maryland. The existing investors that participated in the funding round were Accel Partners, Sequoia Capital, Sands Capital Ventures, RA Capital Management […]
Bengaluru based ToneTag, a contactless payment platform has raised $8-10 million from investors like Amazon Inc. and Mastercard etc. Founded in 2013, ToneTag enables contactless digital transactions on mobile phones, card swiping machines, automated teller machines and other payment-enabling devices. The payment platform enables existing POS devices to accept payments using sound. Tonetag was founded […]
While hiring season was just picking up, startups now seem to counter the trend. Messaging platform Hike has announced employee layoffs for up to 20-25% as it is shutting down its Bengaluru operations. A Hike representative confirmed the news stating, We made a few acquisitions last year that skyrocketed the team size, mostly in Bengaluru. […]
India’s leading online fashion platform Myntra has acquired Bengaluru based Witworks. Witworks is a technology startup making smart wearable devices and their underlying software. Witworks team will join Mytnra R&D department after the acquisition to further strengthening the company’s robust technology team and augment its product development capabilities. The acquisition will help Myntra to develop wearable products for their […]
Avail finance, an online lending platform based in Bengaluru recently raised $17.2 Mn in a Series A funding round led by Matrix Partners which comprises of both debt and equity. This round of funding also saw the participation of Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders; Binny Bansal, co-founder & CEO of Flipkart; Kunal Shah, […]
Bengaluru based self-publishing platform Pratilipi has raised $4.3 million (Rs 28 crore) in a series-A round led by Omidyar Network & others. Existing investors Nexus Venture Partners also participated in the funding round. The funding amount will use for further building product features by personalising it for users, as well as hiring tech talent. Pratilipi […]
Co-Create Ventures, a Bengaluru based investment firm has acquired Indulge Beverages, which owns coffee and tea brand Bonhomia. Financial details of the deal were not disclosed. “Indulge is a great company and the founders have done a fantastic job in building the brand Bonhomia. We are delighted to take on the baton from the founders […]