Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

funding-investment4Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unnamed persons close to the matter, Mint reported that both Sands […]

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B2B logistics startup BlackBuck to raise $10 mn from IFC

For-Blackbug-Story-TC_ThinkstockPhotos-500646181International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd, drive growth in contract and spot business and build ancillary services […]

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Ed-tech startup Byju’s buys student profile-builder Vidyartha

VidyarthaEd-tech startup Byju’s has acquired Bangalore-based learning guidance tool and student profile-builder Vidyartha for an undisclosed amount. Vidyartha offers customised guidance platforms to schools to help students of classes 8-12 with their learning needs. It works with schools to create academic profiles of students to highlight their learning style and the path they should adopt, […]

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Exclusive: Ed-tech startup Byju’s to acquire gaming apps in US for up to $30 mn

Byju Raveendran, founder and chief executive of Byju’sBangalore-based ed-tech startup Byju’s, incorporated as Think & Learn Pvt. Ltd, is scouting for acquisitions in the US to accelerate its international expansion. The company is evaluating a couple of gaming and learning apps that cater to the lower grades, starting from kindergarten. Byju Raveendran, founder and chief executive of Byju’s, told TechCircle that the […]

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BigBasket targets 45% revenue from private labels by March 2017

BigBasketThe country’s top online grocer, BigBasket, is ramping up its private label business eyeing higher margins. It expects private labels to contribute 45% to its overall revenue by March next year; currently, that number stands at 33%. Over the next three months, the Bangalore-based company will expand its private label offerings to non-food categories and […]

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Ed-tech startup Byju’s raises $15 mn from IFC

For-Byju-Story-VC_ThinkstockPhotos-514236802Ed-tech startup Byju’s has raised $15 million from International Finance Corporation (IFC), the World Bank’s private-sector investment arm. VCCircle had first reported in July that Byju’s was close to raising between $25 million and $50 million for international expansion, and had named IFC as one of four potential investors. IFC had also made a disclosure […]

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Healthtech startup Stasis Labs raises $5 mn

healthcare-feStasis Labs, a cloud-powered health monitoring company, has raised $5 million in its seed investment round led by RTP-Healthcare Ventures, the healthcare-focused investment arm of RTP Ventures. The round also saw participation from Wonder Ventures, Techstars Ventures, and others. The funds will be used for expanding throughout Indian hospitals and prepare to enter the US […]

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Lenskart raises $60M from IFC, Ratan Tata and others

lence_kart_feEyewear e-tailer Lenskart Solutions Pvt. Ltd said on Wednesday it has raised Rs 400 crore ($60 million) in its Series D round of investment from International Finance Corp, TPG Growth and other investors. Adveq Management, IDG Ventures, Tata Sons chairman emeritus Ratan Tata and Infosys co-founder Kris Gopalakrishnan also invested in this round. IFC, the […]

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