Monday, December 23

Tag: investment

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others
22Feb By Sabhyata AgarwalNo Comments
FUNDING

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others

A home rental technology company FastFox has raised Rs 10 crore in Series A1 round led by Lightspeed, Blume Ventures and others. One of the co-founders of the startup Pallav Pandey also contributed Rs 1.93 crore in the current round. Founded by Pallav Pandey and Mukul Bhati in November 2014, the online-to-offline firm raised Rs 30 crore form Lightspeed India Partners, Blume Ventures, CyberAgent Ventures, GrowX Ventures, and IMJ Investment Partners in its Series A financing in April 2016. In 2015, it raised Rs 6 crore alone from Lightspeed Ventures as part of its seed funding. The startup which claims to have more than 2500 flats that are available for rent in Gurugram works by forming a partnership with offline brokers to list residential properties online for rental purposes. ...
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Key Highlights: UP Investors Summit 2018 Day One
21Feb By Sabhyata AgarwalNo Comments
News

Key Highlights: UP Investors Summit 2018 Day One

As Lucknow welcomes the heads of states and governments, ministers, leaders from the corporate world, heads of international institutions for the UP Investors Summit 2018, the event is said to be attended by at least 18 Union ministers and 100 speakers. The event organised by the Chief Minister Yogi Adityanath of 'Nawabo ka Sheher' Lucknow was aimed at promoting business and investment opportunities in the state.   #UPInvestorsSummit के उद्घाटन सत्र में प्रतिभाग करने रिलायंस इंडस्ट्रीज के चैयरमेन श्री मुकेश अंबानी, अडानी समूह के चैयरमेन श्री गौतम अडानी, महिंद्रा ग्रुप के चैयरमेन श्री आनंद महिंद्रा, बिड़ला समूह के चैयरमेन श्री कुमार मंगलम बिड़ला व जी समूह के चैयरमेन श्री सुभाष चंद्रा पहुंचे। pic.twitter.com/6mISvxnDQW — CM Office, GoUP (@CMOfficeUP) February 21, 2018   ...
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Mahindra Group to invest $139 Million for Electric Vehicles in India
20Feb By Sabhyata AgarwalNo Comments
News

Mahindra Group to invest $139 Million for Electric Vehicles in India

Its not long since government announced its decision to not bring any separate policies for the electric vehicles. As the Electric Vehicles (EV) manufacturers and owners was hoping for the possibility of some added points in the existing policy, they were left a bit disappointed with the outcome. However looks like Mahindra & Mahindra Limited have taken an instance of trust and so have announced a $139 Mn investment in Electric Vehicles over the next four years. The Indian multinational manufacturer as taken such decision as a part of its expansion plans, and will invest $61.9 Mn (INR 400 Cr) in Karnataka and $77.4 Mn (INR 500 Cr) in Maharashtra. It has already invested $92.9 Mn (INR 600 Cr) in Electric automobile in the last five to six years. The current investment is expected ...
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Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others
19Feb By Sabhyata AgarwalNo Comments
FUNDING

Micro-Lender Aye Finance Raises $3.8 Mn From Hinduja Leyland And Others

Aye Finance, a Fintech company providing loan to micro, small and medium enterprises has raised $3.8 Mn (INR 25 Cr) from three investors including including Hinduja Leyland Finance and IntelleGrow. The investment took place through a securitisation deal, facilitated by Vivriti Capital. Aye Finance, which was founded by bankers Sanjay Sharma and Vikram Jetley in 2014, have previously secured $6.28 million from IFMR which happened less than a month ago. It also bagged $1.5 Mn (INR 10 Cr) in a similar kind of  securitisation deal in July 2017. Speaking of the current funding and two of the investors Hinduja Leyland Finance and IntelleGrow, Sanjay Sharma, Co-Founder and Managing Director of Aye Finance said, “I believe if India has to rise with a social balance, the micro businesses at ...
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All Set For UP’s First Investors Summit 2018
19Feb By NitishNo Comments
INDIA

All Set For UP’s First Investors Summit 2018

UP is all set to host State first investors summit on 21-22nd February. UP govt chief minister Yogi Adityanath reviewed the preparations at Indira Gandhi Pratisthaan for the two-day Investors Summit beginning here on February 21. "The government is organising this for the betterment of the public. Through this event, UP will get an opportunity to change its image. Hence, it is the responsibility of every department that it should strive for its success," CM Adityanath said. He instructed officials that reports of all the sessions be presented.   "The state government has implemented policies for various sectors. The respective ministers, principal secretaries and their subordinate staff must go through the policies, so that the investors can be given correct informatio...
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Expense Management Platform Happay Raises Funding From Sequoia And Others
16Feb By Sabhyata AgarwalNo Comments
FUNDING

Expense Management Platform Happay Raises Funding From Sequoia And Others

The expense management software for enterprises, Happay has raised Rs 1.60 crore ($250,000) in a fresh round of funding, a report by TechCircle confirms. The IT services company raised a total of $10 million (Rs 65.13 crore) in the round led by existing investor Sequoia Capital. Happay which was found in 2012 in Bangalore, Karnataka raised the same amount at its previous Series B funding in December. The company had raised that round at a post-money valuation of $53-55 million. The funding round observed the involvement of Sequoia Capital, Singapore-based private equity fund Axiom Capital and AME Cloud Ventures, the venture led by Yahoo co-founder Jerry Yang and other investors etc. Previously in 2015, Happay had raised $7.2 million from Sequoia Capital and Prime Venture Partners ...
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E-commerce Conglomerate Infibeam raises $6.2 Million from TV18
15Feb By Sabhyata AgarwalNo Comments
FUNDING

E-commerce Conglomerate Infibeam raises $6.2 Million from TV18

Infibeam, an Indian e-commerce and internet conglomerate has raised Rs 40 crore from Mukesh Ambani's supervised TV18 Broadcast Limited. The Ahmedabad based e-commerce giant has signed a stock-exchange disclosure according to which Infibeam will issue fully convertible warrants equivalent to a 0.4% stake in the company upon conversion. Infibeam which was a news maker in the year 2017, had the preferential shares been issued at a conversion price of INR 186.91 per equity share as per the company’s BSE filing on February 14, 2018. The conglomerate had recorded a similar transaction in the past with Bennett&Coleman Company Limited, that invested Rs 60 crore in Infibeam by subscribing to preferential warrants in January 2017. Infibeam was founded by former Amazon executive Vishal M...
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Flipkart To Invest $25M in Silicon Valley Based AI Startup To Enhance Tech
7Feb By Sabhyata AgarwalNo Comments
News

Flipkart To Invest $25M in Silicon Valley Based AI Startup To Enhance Tech

Arch rivals Flipkart and Amazon come up with strategies day-by-day, in order to surpass the competition and stand as number one in the market. In consideration to the fact, the domestic e-commerce giant, Flipkart is looking to invest $25 million (Rs 160 crore) in Silicon Valley to upgrade its technology heap by focusing on deep technology, a report in a financial daily said. Such expansion comes over a month after the E commerce firm created an Internal Al unit known as AlforIndia. It is reported that the Bengaluru based business is keen to invest such a huge amount in at least one artificial intelligence (AI) startup based in Silicon Valley. "They (Flipkart) are looking at tech acquisitions in the valley because differentiated tech is a new focus area for the company. The idea is...
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Apple Will Invest $350 Billion into US Economy in Next 5 Years
18Jan By AdityaNo Comments
USA

Apple Will Invest $350 Billion into US Economy in Next 5 Years

Apple has announced that it will invest and spend about USD 350 billion in the United States in the next five years creating some 20,000 jobs in the country. Already the largest US taxpayer, Apple anticipates repatriation tax payments of approximately USD 38 billion as required by the recent changes to the tax law.A payment of that size would likely be the largest of its kind ever made, the Silicon Valley based company said in a statement. "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. ...
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Anand Mahindra Offers Help to Woman Entrepreneur Running Food Truck Business
30Dec By AdityaNo Comments
News

Anand Mahindra Offers Help to Woman Entrepreneur Running Food Truck Business

Noted industrialist and Chairman of diversified business conglomerate Mahindra Group, Anand Mahindra today said he was interested to invest in the mobile truck food business run by a woman entrepreneur in Mangaluru. Responding to a news report about how 34-year-old Shilpa was running a successful food truck on a Mahindra Bolero pick-up truck in Mangaluru, Mahindra said, he will personally invest for her expansion plans. According to the report, Shilpa is planning to start her second outlet to help her brother. "A terrific story of entrepreneurship to end the week with. At Mahindra, we call this a Rise story. Am so deligthed the Bolero played a small role. Can someone reach her & tell her I will personally invest in her expansion by supplying a Bolero for the second outlet shes...
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Uber Locks On Multibillion Dollar Deal With Japanese SoftBank
13Nov By RishabhNo Comments
USA

Uber Locks On Multibillion Dollar Deal With Japanese SoftBank

[dropcap]J[/dropcap]apanese multinational telecommunications and Internet corporation SoftBank Group has reached a multibillion-dollar deal with San Francisco based Uber Inc, it confirmed in a statement. Although the details of the deal have not been yet disclosed, but as per the reports, the deal could be worth up to $10 billion of Uber's stocks. It is also estimated that this deal would be a resolver of legal battles between Uber's former CEO Travis Kalanick and prominent shareholders. Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,” an Uber spokesm...
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