Swiggy online food delivery app has entered into a definitive agreement with Times Internet
to acquire restaurant technology and a platform for eating out, Dineout. After the acquisition, Dineout will continue to function as a standalone app, Swiggy said in a statement on Friday. The acquisition, which is likely to be an all-stock deal, is expected to close in the next month.
Ather Energy raises $ 128 million led by Indian government sovereign wealth fund,
Electric scooter manufacturer
Ather Energy said it raised $ 128 million led by the National Investment and Infrastructure Fund (NIIF), the sovereign wealth fund of the Indian government, and existing investor Hero MotoCorp. Tarun Mehta, co-founder and chief executive officer (CEO) of Ather Energy, told ETtech that the funds will be used to expand its manufacturing facilities, invest in research and development and its charging infrastructure, and grow its sales network. retail.
light speed, Moore Strategic Ventures invest in the sale of Razorpay’s $ 75 million secondary stock
light speed Venture Partner and Moore Strategic Ventures
they acquired stakes in the digital payment company Razorpay as part of a $ 75 million secondary stock sale, the company said. The secondary stock sale also saw Razorpay’s first angelic investors divest their holdings in the company. Razorpay was valued at $ 7.5 billion in December last year after a $ 375 million funding round.
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GoKwik raises $ 35 million in funding from Think Investments, Sequoia, others
E-commerce licensing company
GoKwik raised $ 35 million in a new funding round led by Think Investments and RTP Global. The round also saw the participation of existing investors Sequoia Capital India and Matrix Partners India. The company raised $ 15 million under its previous funding round in November 2021.
Vivriti Capital raises $ 30 million in funding from Capital
Viviriti Capital, a fast growing mid-range lender,
raised an additional $ 30 million by TVS Shriram Growth Fund 3, an internal private equity fund managed by TVS Capital. The funds will be allocated between Vivriti Capital and its subsidiary Vivriti Asset Management, which manages closed-end debt funds that invest in mid-sized companies.
Mumbai-based D2C brand Skillmatics raises $ 16 million
Mumbai-based Skillmatics, a direct-to-consumer educational games and resources brand,
raised $ 16 million in its latest funding round Led by Sofina Ventures, with the participation of existing investors Sequoia Capital India and Jalaj Dani Family Office.
ApnaKlub B2B platform raises $ 10 million in funding led by Tiger Global
ApnaKlub, a business-to-business (B2B) wholesale platform for fast moving consumer goods (FMCG),
raised $ 10 million in a funding round led by Tiger Global on Thursday. The startup plans to use the funds for its foray into the credit and supply chain financing segment.
More noteworthy offers this week
fantarbased on blockchain
NSE monetization platform 1.27%,
raised Rs 5 crore in a loan round led by India Quotient. Fanztar plans to use the funds to develop new products and expand its technology and business teams.
■ Fintech startup
Bharat X has
raised $ 4.5 million in a funding round from the famed Silicon Valley-based accelerator Y Combinator, 8i Ventures, Multiply Ventures and Soma Capital. The company plans to use the funds to expand its team and develop its product.
■ Technological platform for the wealth of alternative investments
raised funds from key investors, including Nikhil Kamath, co-founder of Zerodha. Kamath did not share the details of his investment. Bhive.fund plans to raise $ 1 million in a pre-Serie A round to fuel its growth.
■ Start of e-commerce authorization,
Shopflo Wednesday said it
raised $ 2.6 million as part of its initial funding round led by Tiger Global and TQ Ventures. With this Shopflo becomes one of the few Indian startups in a pre-product phase, which has received initial funding from Tiger Global.