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Venture Capital Aspada Invests in Fruits and Vegetables Distribution Startup Waycool

4Apr By AdityaNo Comments

FUNDING

Venture Capital Aspada Invests in Fruits and Vegetables Distribution Startup Waycool

Aspada Investment Company has made a $2.7 million investment in Chennai-based Waycool Foods and Products PrivateLimited (Waycool) Waycool is a fresh produce distribution company that sources fruits and vegetables from small-hold farmers and aggregators and sells through multiple distribution channels spanning small local shops, modern retail outlets, and HORECA (hotels, restaurants and catering establishments). Waycool currently operates predominantly in Tamil Nadu via a distribution hub in Chennai. With Aspada's investment, Waycool will extend its reach to other major cities, including Bangalore and Hyderabad, build atechnology platform to reduce inefficiencies in the supply chain, and augment the company's existing infrastructure. Aspada's investment in Waycool adds significant op...

An Education Firm Eruditus Raises $8 Million From Bertelsmann India Investments

3Apr By PriyankaNo Comments

FUNDING

An Education Firm Eruditus Raises $8 Million From Bertelsmann India Investments

Eruditus Executive Education today said it has raised USD 8 million (Rs 52.36 crore) in its series B round from Bertelsmann India Investments. The company plans to use the funding to add new programmes with existing and new university partners as well as expand its geographical footprint to China, Latin America and Europe, the executive education programmes provider said in a release. "Bertelsmann is a great partner given its global footprint, its expertise in education and its success in scaling business by working closely with the founding team," Eruditus co-founder and Director Chaitanya Kalipatnapu said. Eruditus has collaborated with top business schools such as INSEAD, Harvard Business School, Wharton, Tuck, MIT Sloan and Columbia Business School in bringing their profession...

Warburg Pincus Invests Rs 500 Cr in Kalyan Jewellers

3Apr By AnkitaNo Comments

FUNDING

Warburg Pincus Invests Rs 500 Cr in Kalyan Jewellers

Kerala-based Kalyan Jewellers today announced American private equity firm Warburg Pincus has invested an additional Rs 500 crore in the company. The proceeds will be used for expansion of its network in both domestic and overseas market, a company statement said. With the second round of investment, the American PE firms total investment in Kalyan Jewellers has increased to Rs 1,700 crore. It had invested Rs 1,200 crore in 2014. "The investment by Warburg Pincus is a vindication of the strong growth trajectory of the company," Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said in a statement. The company plans to nearly double its presence to 200 plus showrooms using a combination of equity, debt and internal accruals, he said. It is also working on a bluepri...

3Apr By PriyankaNo Comments

FUNDING

Education Technology Startup Testbook Raises Funding From Matrix Partners India

Matrix Partners India announced today that it has invested an undisclosed amount in education technology startup, Testbook. "We are on a mission to reshape the process of how students prepare for competitive exams. Our endeavor is to deliver world class, personalised learning content for students while solving the problem of access and affordability for the masses," Ashutosh Kumar, founder and CEO of Testbook, said. Founded by a team of IIT graduates, Testbook is an online learning platform enabling students to prepare for recruitment exams for Government jobs such as SBI PO, SSC CGL, IBPS PO, Railways and many more, Matrix said in a statement here. Government jobs exam preparation is one of the largest education markets in India with over 40 million students appearing every year ...

Grameen Koota Raises Rs 250 Crore from CreditAccess Asia

2Apr By AdityaNo Comments

FUNDING

Grameen Koota Raises Rs 250 Crore from CreditAccess Asia

Grameen Koota Financial Services Private Limited (Grameen Koota) has raised Rs.250 Cr. from its holding company, CreditAccess Asia (CAA), headquartered in Amsterdam, which is the leading multi-country Microfinance operator in India and South-East Asia. Part of the infusion, Rs.50 crore, will be provided in the form of equity and the remainder, Rs.200 crore will be provided in the form of Compulsory Convertible Debentures (CCDs). The investment will support Grameen Koota in its planned expansion and portfolio growth, and its efforts in increasing financial inclusion, through its local operations, across the states of Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh and Chhattisgarh. Grameen Koota has recently initiated a new business line for Enterprise Loans (individual loans) for its g...

Trifecta Capital Provides 45 Crores of Venture Debt to Bigbasket

1Apr By AdityaNo Comments

FUNDING

Trifecta Capital Provides 45 Crores of Venture Debt to Bigbasket

Trifecta Capital today announced that it has provided Rs. 45 crores of venture debt to SuperMarket Grocery Supplies Pvt. Ltd. that owns and operates the online food and grocery portal bigbasket.com. The funds will be used to meet the capex requirements of the company, including setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits and vegetables. "We have a clearly identified use case for debt. We are present in 25 cities and continue to optimise our supply chain. A significant part of our business is fresh fruits and vegetables, the bulk of which is sourced directly from farms. It is crucial that we maintain the quality right upto the last mile. We are in the last leg of a pilot which will ensure that all fruits and vegetables are ...

Axel & Boris from Germany – The First Yessspreneurs Ready To Conquering the Indian market

1Apr By AnkitaNo Comments

Story

Axel & Boris from Germany – The First Yessspreneurs Ready To Conquering the Indian market

Born and raised in Germany, Axel & Boris grew up together and started their first IT company together in 1997 and were since then involved in technology and energy projects. They also creators of the Yesss Spirit, a powerful way to be energetic and positive every day - doesn't matter what's going on in life. Axel & Boris consider themselves as explorers, seeking for amazing people, new innovative ideas and discoveries worldwide. They founded Yesss CAPITAL to invest in technology, energy, and entertainment startups from India & Europe. Yesss CAPITAL was born out of their passion for innovations and the recognition that synergies do exist between diverse sectors, companies, & humans, and their growth can be greatly enhanced if their efforts are synchronized. The strate...

Rooter Raises Funds From Intex Technologies

30Mar By AnkitaNo Comments

FUNDING

Rooter Raises Funds From Intex Technologies

Intex Technologies, a mobile handset and consumer electronics company, said it has invested in Rooter, a sports engagement platform, thus marking its foray in start up funding. Commenting on the investment, Keshav Bansal, Director, Intex Technologies said, "As sports is an extremely emotion-driven phenomenon and the sports fan engagement platform is a completely uncharted territory, Rooter has limitless scope for growth...By funding start-up ventures like Rooter, we want to take brand Intex to the next level where it connects with the global audience. "Intex Technologies...is now entering into funding innovative start-ups with the first being Rooter - the world’s first digital platform that connects, engages and helps sports audiences to interact with each other on a real-time basis ...

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

29Mar By AnkitaNo Comments

FUNDING

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

Route Mobile founders Rajdip and Sandip Gupta today announced an investment of USD 10 million or over Rs 65 crore to start an electronic gaming startup, Cobx Gaming Ventures. "As avid gamers ourselves we have always wanted to contribute to the growth of professional esports," Rajdip, the founder of Cobx, was quoted as saying in a statement. He added the esports category has matured in such a way that gamers can now consider it as a career as well. Mujahid Rupani has been named as chief executive of the new venture, the statement said. Cobx has also announced the launch of an international and Indian esports league. It will also be forming new international teams for popular online games, it added. Route Mobile is a city-based messaging and voice API company serving global clien...

Indus OS Raises Funds From JSW Ventures, VenturEast

29Mar By AnkitaNo Comments

FUNDING

Indus OS Raises Funds From JSW Ventures, VenturEast

Indus OS, a startup which has created a regional operating system, today said it has raised an undisclosed amount from new investors JSW Ventures and VenturEast in recently-concluded financing round. Omidyar Network, an existing investor, has also participated in the latest round. "The amount which has been raised will be used for product development and hiring new talent," Indus OS CEO & co-founder Rakesh Deshmukh told.

23Mar By RishabhNo Comments

FUNDING

Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India

Healthcare startup Oxa, focused on healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It aims to use the investment to build its technology stack and build its operations in Hyderabad. It is currently focusing on medical tourism to India and has global plans in pipeline. Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Recently, specialty hospitals have helped create treatment hubs in India, leading to an inflow of foreign patients from Africa, Afghanistan, Bangladesh, USA and UK, among others. India is currently the second biggest medical tourism destination after Th...

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

19Mar By reutersNo Comments

FUNDING

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

Tesla said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan. The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though the sale of convertible senior notes due 2022. The electric car company said on Wednesday it planned to sell $250 million worth of stock and $750 million in notes. Tesla had been expected to raise capital since late last year, with the expectations gaining steam last month after Musk said the company could be "close to the edge" on cash needs. Musk had Tesla was considering a number of options, including raising capital, to reduce ri...