Franklin PE arm sells Dailyhunt stake to China’s Bytedance for $19.2 mn

DailyhuntFranklin Templeton Private Equity Strategy has exited vernacular news aggregator Dailyhunt, selling its stake to existing investor Bytedance of China, a financial daily reported on Wednesday. Franklin Templeton PE sold its stake in Ver Se’ Innovation Pvt. Ltd, which runs Dailyhunt, for around Rs 130 crore ($19.2 million), a report in The Economic Times said. […]

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Discovery platform NowFloats announces Series B funding from Iron Pillar, IIFL

For-Nodd-Story-TC_ThinkstockPhotos-513313726feHyderabad-based NowFloats Technologies Pvt. Ltd, which helps local businesses create an online presence through its platform NowFloats, has announced that it has raised $10 million (Rs 73 crore) in Series B funding from venture capital (VC) fund Iron Pillar and IIFL (Seed Ventures Fund I & Cash Opportunities Fund). Existing investors Blume Ventures and Omidyar […]

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Lending startup Indifi raises $10 mn in Series B

For-Indifi-Story-TC_ThinkstockPhotos-544970538Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised $10 million (Rs 66.5 crore) in a Series B funding round led by Omidyar Network — an investment firm founded by eBay founder Pierre Omidyar. The round also saw participation from […]

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Digital lending platform ZestMoney raises $6.5 mn from PayU, others

For-Zestmoney-Story-TC_ThinkstockPhotos-170884639_feChalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU. Existing investors Ribbit Capital and Omidyar Network also participated in the round, a person directly aware of the deal told Techcircle on Wednesday. […]

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Education is the last sector to be disrupted by technology: Omidyar’s Roopa Kudva

Roopa KudvaEducation is the last sector to be disrupted by technology: Roopa Kudva, OmidyarPhilanthropic investment firm Omidyar Network established its India office in October 2009 to expand the firm’s investments in the rapidly growing economy. Since then, Omidyar Network, which has the flexibility to offer two kinds of cheques – grants and equity – has invested […]

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Vernacular news aggregator DailyHunt raises $25 mn from China’s ByteDance

Virendra-Gupta,-founder,-Ver-Se’-Innovation2Ver Se’ Innovation Pvt. Ltd, which runs vernacular news aggregator DailyHunt, has raised $25 million (Rs 168 crore) in a fresh round of funding from Chinese content provider ByteDance, it said in a statement. The Bangalore-based company said Arun Sarin, former CEO of Vodafone, and existing investors Matrix Partners, Sequoia Capital India, Omidyar Network and […]

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Online heath store Healthkart raises $12 mn from Sequoia, others

Healthkart_02Gurgaon-based Bright Lifecare Pvt. Ltd, operator of online health store Healthkart.com, has raised Rs 80 crore (about $12 million) from a bunch of existing investors. Sequoia Capital, Kae Capital and others, participated in the Series E round of funding, the Mint reported citing Healthkart’s filings to the Registrar of Companies. As per VCCEdge, the data […]

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Scripbox raises Series B funding from Omidyar Network, others

FundOnline investment platform Scripbox, run by Scripbox.Com India Pvt. Ltd, has raised an undisclosed amount in its Series B round of funding led by Omidyar Network. Existing investors, including Accel Partners and some angel investors, also participated in the round. “As India moves from promoting adoption and usage of financial services to building consumers’ financial […]

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Location-based SEO enabler NowFloats raises Series A funding led by Omidyar Network

Hyderabad-based NowFloats Technologies Pvt. Ltd, which runs a platform enabling local businesses to target customers based on their location under the banner of NowFloats, has raised an undisclosed amount in Series A round of funding led by Omidyar Network. Existing investors including Blume Ventures, Mumbai Angels and Hyderabad Angels also participated in this round. “By […]

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