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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CarTrade raises $55 mn from Singapore’s Temasek, others

Cartrade  Automobile classifieds portal CarTrade.com has raised Rs 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office, a company statement said on Wednesday. CarTrade, however, didn’t disclose the name of the family office. The company will use the funds to make […]

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Logistics solutions startup Roambee raises $4.1 mn in Series B funding

raisedMumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding, co-founder and chief executive Sanjay Sharma told Techcircle. Germany’s Deutsche Telekom Strategic Investments led the round with a $3.1-million infusion while “the rest of the money came from a […]

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Quikr’s FY16 loss widens; other income props up revenue

QuikrOnline classifieds site Quikr India Pvt. Ltd posted a wider loss for the year through March 2016, but the pace of increase slowed sharply as it controlled its expenses after expanding at a breakneck pace in previous years. Net loss for 2015-16 expanded to Rs 534 crore from Rs 446 crore the year before, show […]

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Delhi-NCR startups lead funding activity in tepid week

startup dataStartup funding activity was muted this past week as only six startups raised venture capital and two companies secured angel or seed-stage investments. The big-ticket deals involved two Gurgaon-based companies–property search aggregator Square Yards Consulting receiving $12 million in venture capital from a private equity arm of Anil Ambani’s Reliance Group and multi-lingual test preparation […]

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Exclusive: Aavishkaar invests in e-commerce logistics firm Connect India

Connect IndiaConnect India, which claims to be building a last-mile network of distribution points for e-commerce firms across the country, has raised fresh funding from one of its existing investors, a person privy to the development told VCCircle. The Bengaluru-based firm, which is run by Connect India e-commerce Services Pvt. Ltd, has raised a round of growth […]

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Sequoia India-backed Indonesian on-demand services platform Go-Jek raises $550 mn

Go_JEK3Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyperlocal shopping app Go-Jek, has secured $550 million in funding from a clutch of investors that include investment firms KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. Existing investors Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group also took […]

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It may not be a cakewalk for mobile wallet firms, warn panellists at Techcircle forum

PAyment12Following the introduction of unified payments interface (UPI)—that empowers users to initiate payment requests from a smartphone without using credit or debit card and internet banking—by the Reserve Bank of India (RBI), mobile wallet firms have to collaborate with banks to remain relevant and scale up, according to panellists at Techcircle Payments Forum held in […]

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