Swiggy to roll out ‘Launchpad’ for students in varsity townsThe Naspers-backed firm, which has operations in 50 cities, is looking to roll-out the initiative in a full-fledged manner in 400 campuses, starting January.- Kae Capital, Tekton invest in FreightwallaThe technology-enabled freight forwarder offers a full-stack platform for businesses to plan, book and manage their international freight shipments online.
- UrbanClap facilitates ESOP sale worth Rs 18 croreThe ESOP sale marks the second such event by the firm in under two years — the previous one was in July 2017.
- CarDekho raises $100 million in latest investment roundThe funding round led by Sequoia Capital’s global growth fund as well as existing investor Hillhouse Capital, values the Gurgaon-based firm at $400-$500 million.
- UrbanClap raises $50 million from Vy Capital, SteadviewValuation of home services marketplace more than doubles to $480 million in one year.
- UrbanClap raises $50 million from Steadview Capital and Vy CapitalThe latest investment round will also see the firm raise an additional $4 million in a secondary sale of shares and ESOPs for early angel investors and employees.
- Drivezy raises $20 million in Series B equity financingThe round also saw participation from other investors including Yamaha Motor Co Ltd, Axan Partners and IT Farm.
- Nykaa eyes a Rs 85-crore touch-up with this year’s Pink Friday salesBeauty retailer Nykaa saw a 5x growth in order volumes during its four-day sale starting last Friday, with average order values surging 46% on the first day alone.
- Nykaa’s 4-day sale set to rake in Rs 85 crore, Firm revises FY19 revenue guidance upwards to Rs 1200 croreThis is the second edition of the sale for the firm which clocked gross sales of $2.5 million last year.
- With German company FCG in tow, Olx goes offline for used car tradeThe online-to-offline model for used car transactions will be enabled via Olx India directly, unlike the company’s listings-based model active across all its other verticals, including Olx Auto.
- IvyCap Ventures makes first investment in P2P lending through LendboxCredit marketplace LendBox secures the first investment by a large institutional investor in India’s peer-to-peer lending space, raising Rs 6 crore in a pre-series A financing round.
- Quikr revenues double to Rs 173 croreQuikr India has seen operational revenues rise 95% to Rs 173.49 crore in FY18, compared with Rs 88.67 crore last year as per financial documents filed with the Registrar of Companies.
- SoftBank’s Vision Fund to open India office, to be led by Sumer JunejaET was the first to report in its edition dated November 21, that Norwest Venture Partners’ Sumer Juneja would be joining Softbank to lead its India investments.
- Used-car portal Cars24’s transactions grow threefold in the past 10 monthsThe Sequoia Capital-backed platform’s monthly transactions grew to 10,000 in October from 3,000 almost a year ago, cofounder Vikram Chopra said.
- SoftBank ropes in Sumer Juneja to head its investments in IndiaSumer Juneja will take on the role at SoftBank from his previous position as director at the US-headquartered venture capital’s India office, which he joined in 2009.
- Chai Point to start hybrid pay model, eyes expansionSystem to be integrated in tea chain’s beverage dispenser model called BoxC.
- HealthifyMe raises $6 million in bridge round for international expansionThe capital raised in this round will be used to expand the firm’s presence in international markets.
- Zomato’s full-course strategy: From supply to delivery and moreThe company’s diversification plan is is simply to double down on food business — from supplying clean ingredients to restaurants to delivering food to customers and beyond.
- Swiggy to deliver a $300-million exit to investorsThe size of the investment round has ballooned to about $900 million on the back of unprecedented investor interest in India’s largest online food-delivery platform.
- Sebi nod for Anicut to raise Rs 1,000 croreAnicut had previously raised about Rs 400 crore for its first fund, which it has deployed fully across 18 investments over two years.
- China’s Shunwei Capital raises $1.21 b for its latest global fundChinese early-and growth-stage venture capital fund Shunwei Capital has raised one of its largest funds yet at $1.21 billion.
- Naspers’ India appetite for food is far from done, says CEO Larry IllgWith over $2 billion invested in food delivery globally, South African media giant Naspers is only just getting warmed up in India.
- Charcoal Eats set to foray into international shoresThe firm which is currently present in about 30 locations across 11 cities in India is looking to enter Middle East through Bahrain with about 8-10 outlets and then expand to other countries in the area.
- Sixth Sense Ventures increases size of second fund on rising interest; close at Rs 500 croreThe fund has raised capital also from several marquee consumer companies, Indian pharma companies, family offices, and wealthy individuals.
- Ola, Uber strike in Mumbai likely to end on Tuesday, 80% of drivers' demands metMumbai has 35,000-40,000 drivers across Ola and Uber, and the city contributes about 15% of total revenues for both the companies.
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