Licious in advanced stages to close $25-30 million funding roundThe latest round, which is expected to close over the next few days, will value the firm at $250-300 million, a significant uptick from the $150 million valuation it commanded in its last round of equity financing.- CarDekho raises $70 million in new funding round led by Ping An Global Voyager FundSunley House Capital Management is the second new investor, while CarDekho’s existing backers, Sequoia Capital and Hillhouse also participated
- Agri firm Kamatan Farm Tech raises Rs 30 croreProceeds of the latest funding round will be used to further expand its linkages with FPOs. In all, Kamatan has raised an estimated $10 million in a mix of debt and equity.
- Supply chain solutions provider Holisol Logistics raises Rs 20 crore from BlackSoil CapitalLaunched in 2009 by Dogar, Manish Ahuja and Naveen Rawat, Holisol works with OEMs, manufacturers, retailers, brands, and marketplaces. Its portfolio of solutions include providing inbound and outbound supply chain, fulfilment, consulting, and technology services. Proceeds will be used by the decade-old Holisol towards strengthening and capacity-building.
- Credit Saison launches VC fund in IndiaThe launch of Credit Saison’s VC fund is the latest by a Japanese risk capital investor in India, for whom Asia’s third-largest economy has been a happy hunting ground.
- Investcorp closes Rs 323-crore funding round in NephroPlusThe latest transaction will see Sea-Link Capital Partners, the investment firm founded by former KKR senior executive Heramb Hajarnavis, score an exit from its three year-old investment.
- Funding winter is coming, DSG warns its firmsIn an email, VC firm’s MD warns founders to tighten belts as the economy continues to contract resulting in consumers spending less.
- Oravel board okays $1.5b for Oyo from SoftBank, RA HospitalityThe investment comes a little over a month after the company stated that its founder and group chief executive Agarwal would invest $700 million into the company he founded in 2013, with the rest coming in from SoftBank and other unnamed investors.
- Chinese VCs bring what money can’t buy for startupsChinese investors have armed themselves with a suite of services for their portfolio companies in India.
- Moglix, Razorpay staff make hay while Esop buyback’s onSeparately, Moglix, which counts Accel Partners, Sequoia Capital and Tiger Global Management, among others, has undertaken a Rs 5-10 crore stock buyback from eligible employees — numbering about 25 — led by the Noida-based company, along with certain investors.
- IAN makes final close of maiden fund at Rs 375 croreThe sector-agnostic fund, which had an initial target corpus of about ₹325 crore, counts as SIDBI, IIFL, Yes Bank, Max Group, Gray Matters Capital and Hyundai among its limited partners.
- VC investors make a beeline to SingaporeIndia continues to be the core focus area for most of these fund managers, but they do not want to lose out on opportunities in SE Asia, particularly in markets such as Indonesia and the broader Asean region.
- Droom acquires Xeraphin to bolster fintech credit business The Sandeep Aggarwal-led auto services company has paid an estimated $3-$3.5 million to acquire the Delhi-based NBFC, which is expected to drive loan disbursals for purchasing pre-owned vehicles, and provide dealer financing under the Droom Credit business unit.
- Singapore-based e-commerce platform Qoo10 acquires ShopClues in all-stock dealThe transaction is believed to have valued ShopClues at $70-$100 million, it was valued at $1.1 billion in late 2015.
- Tencent leads $110 million funding round in MX PlayerThe funding by Tencent will further intensify the competition in the domestic over the top, or OTT market which has been growing exponentially on the back of cheap mobile data, thanks to the price wars unleashed by Reliance Jio.
- Rs 500-cr funding in works, Ecom Express ups earningsThe fundraising is being reviewed by CCI as per procedure and could be the first such for the company since it raised $30 million in September 2017 at a valuation of $200 million.
- SHL buys Aspiring Minds in all-cash dealThe terms of the buyout, which is expected to close in November, were not disclosed. Sources, however, indicated that the deal size was $80-$100 million (about Rs 567-709 crore).
- Harmeet Singh is new CEO of RateGainRateGain, which counts PE major TA Associates as its sole institutional backer, will see current CEO Bhanu Chopra transition to the chairman’s role and undertake more client-facing and product development duties.
- Uber Technologies will not dial down on its food delivery service-Uber Eats in IndiaEarlier this month, ET reported that Uber’s food delivery service has seen a significant churn in leadership, with two top executives — India chief Bhavik Rathod and head of central operations, Deepak Reddy — resigning.
- Medlife hits Rs 100 core revenue milestone in SeptemberCEO Narayanan says the Bengaluru-based company is on track to break even on unit economics level within the next 6-8 months.
- Chinese banks eye early-stage deal in Indian startupsThe access to a country the size of China, the world’s second-largest economy and consumer market is a powerful reason for linking up.
- Credit Saison India gets NBFC licence from RBIThe company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
- NBFC Kogta gets Rs 300 crore in Series CCreador Advisors and Morgan Stanley PE led the round.
- Sequoia Capital ropes in former Uber Asia-Pac Head Amit Jain as MDJain, who will be based in Singapore, will be part of the investment firm’s Growth team.
- AION Capital puts $40 million in SME lender Clix CapitalFirm to use funds to build consumer lending business, digital platform.
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