Funding Funding updates

Funding updates Sep 2018

Funding updates from around the world of startups latest news on from venture capital, Seed, and angel funding it will be updated on daily basis to reflect any new funding stay tuned on this page regular basis throughout September 2018

Chicago based Biotech company Oxalo which develops drugs to prevent kidney stone awarded $2.3 million from the National Institute of Health

Kredent a Fintech Startup Secures $1.1 Mn led by Ramesh Damani and Others reported INC42

Ynomia a IoT construction startup secures $150,000 from Victorian government grant to transform worksites. Read more

Fintech startup Nordigen based out of Latvian raises $800K funding round lead by Inventure and Seedcamp, company will use this funds to further expand their business presence.

Fintech startup Brex is all set to raise next round of funding at a valuation of $1 billion from existing investors and others. Read More

Bangladeshi based ride-hailing startup Shohoz raises US$15M pre series B funding round led by Golden Gate Ventures Singapore-based venture capital firm. Read More

London based startup Clippings raises $15.4M Series B funding led by Advance Venture Partners and other existing investors Read More..

Ocean Polymers a british based startup is in its final stage of crowd funding for developing innovative solution to tackling plastic problem in ocean.

Fore coffee a indonesian startup has bagged seed funding round of investment from East Ventures a early stage venture fund….

Groundfloor a Atlanta-based real estate platform for crowdfunding startup closes $4.2m funding from online public model on its own platform..

Conovy a digital freight services provider startup raises $185 Million to surpass valuation in $1 Billion led by Alphabet Inc parent company of Google by its investment arm….

Doctena a Luxembourg based online medical booking startup secured €8M funding for its future expansion

Ohmyhome a singapore based proptech startup raises $4m in series A Funding led by Golden Equator Capital…..

Setoo Raises $9.3 Million for Insurance Innovation: Travel Startup Funding This Week Setoo is helping to pioneer a wave of customized protection products, such as letting travelers buy coverage to get money back …..

Swiggy is reportedly in talks to raise $700 million from new investors such as Tencent Holdings Ltd at a valuation of $2.5 billion, to enter new businesses and areas, especially in the hyperlocal delivery space. The company has also launched its services in eight new cities including Dehradun, Puducherry, Mysore, Vijayawada, Nashik, Guwahati, Kanpur and Ludhiana.

Peer-to-peer lender Funding Circle to be valued up to $2.4 billion after IPO

Digital lending platform Qbera Loans has raised $3 million from E City Ventures, a subsidiary of Essel Group.

Food delivery start-up Postmates cracks $1bn valuation led by Tiger Global Management and others values Postmates at about $1.2 billion, including the new funds CNBC

Private equity and investment advisory firm CVC Capital Partners is acquiring a majority stake in UnitedLex, an enterprise legal services provider to corporations, law firms, and universities.

Paytm has raised concerns that Google is sharing the payments data of Indian consumers with affiliate companies and third-party users, reported ET. Citing Google’s privacy policy, Paytm has written to the National Payments Corporation of India to look into the matter urgently.

Customer service software firm Zendesk has announced a new program for startups, offering monthly credits for free access to their suite of products.

Infosys will open its next Technology and Innovation Hub in Arizona, and hire 1,000 American workers in the state by 2023.

Urban Ladder is set to raise $5.06 million (Rs 36.29 crore at current exchange rates) in a fresh funding round from venture debt firm Trifecta Capital. The company has already received around Rs 16.50 crore ($2.3 million) out of the targeted sum in July, the company’s filings with the Registrar of Companies show.

Milk and grocery delivery startup DailyNinja gets funding from Matrix Partners India, Sequoia Capital & Saama-Capital

Flipkart has announced in a letter to current employees that they will be allowed to liquidate their employee stock ownership plans (ESOPs) at $126-128 a unit, depending on the charges applicable. Walmart will purchase from Flipkart employees ESOPs worth nearly $800 million.

Regional language social platform ShareChat has raised Rs 720 crore in a funding round that will boost its valuation to Rs 3,332 crore ($460 million), show documents filed with Registrar of Companies.

HRTech startup Leena AI has raised about $2 million seed fund from investors including Elad Gil, Snapdeal founders-Kunal Bahl, Rohit Bansal, Fundersclub, cathexis ventures, and others.

Women’s community platform Sheroes has raised an undisclosed amount in funding from venture capital firm Leo Capital and angel investor Anand Chandrasekaran.

Adventure trips startup Togedr has raised an undisclosed amount of funding from a group of US & UK-based startups, reported Inc42.

OYO is set to shake up Britain’s budget accommodation market with a high-tech franchising and marketing strategy to sign up 300 independent hotels by the end of 2019, reported Reuters.

Online home design startup Livspace has secured $70 million in a series-C round led by private equity firm TPG Growth and Goldman Sachs.

After expanding aggressively in China, Softbank backed budget hotel brand OYO Hotels forays into London, United Kingdom on Wednesday. said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country.

Google, which recently rebranded its payment offering from Tez to Google Pay, has 25 million monthly active users who have collectively carried out about 860 million transactions over the past year.

Flipkart has pumped Rs 3,463 crore into main e-commerce unit Flipkart Internet in the first major capital infusion after Walmart bought majority stake in the online platform, reported ET.

Medtech Startup Cyclop Raises $1 Mn From Unitus Ventures, Others

Digital news and media platform NewsBytes has raised $1 Mn in a Pre-Series A funding round.

Shunwei Capital leads $100 Mn fresh round in vernacular social networking app ShareChat

PE firm Samara Capital and Amazon have signed a deal to acquire food and grocery retail chain More for about Rs 4200 crore enterprise valuation.

Myntra plans to open 100 offline stores in the next two years.

Ola has raised $50 million from two new Chinese investors – Sailing Capital and China Eurasian Economic Cooperation Fund at a valuation pegged between $3.7-4.3 billion. After Australia & UK, Ola also announces plans to launch in New Zealand

UiPath, the Robotic Process Automation (RPA) software company, has raised $225 million in Series C funding co-led by existing investor CapitalG and new investor Sequoia Capital.

Online restaurant Faasos is venturing into Dubai with its multi-brand cloud kitchens

Within a few months of raising $1.5 billion, Indonesian ride-hailing firm GO-JEK is planning to raise another $2 billion from Tencent Holdings Ltd and

Infosys has invested an additional $1.5 million (Rs 10.9 crore) in the US-based TidalScale, doubling it to $3 million in the software services firm.

Amazon has plans to sell life, health, and general insurance through its payment arm Amazon Pay, reveals RoC filings with Ministry of Corporate Affairs (MCA).

Cognizant buys Advanced Technology Group to expand its Salesforce Cloud consulting capabilities

LetsVenture Launches New programme called LetsGrow to Enable Startups to Go from Seed to Series A/B Rounds

Uber is said in talks to acquire Dubai ride hailing firm Careem in a deal that could value Careem at $2 billion to $2.5 billion.

Policybazaar Group Invests $50M into Its Newly Launched Healthcare Venture docprime

Salesforce co-founder Marc Benioff & his wife buy TimeMagazine for $190M

Flipkart is in talks to buy a stake in Star India’s video streaming service Hotstar, reported Mint.

Mary Meeker, a venture capitalist at Kleiner Perkins, plans to depart the firm this year to start a new investment fund.

Machine learning platform Mate Labs has raised seed funding of $550,000 (Rs 4 crore) led by Omphalos Ventures India LLP.

Quikr is in talks to raise between $100 million and $150 million by keeping its record valuation of $1 billion, reported DealStreetAsia.

Indonesian ride-hailing firm Go-Jek has launched its services in Vietnam’s capital of Hanoi under the brand Go-Viet, as part of its $500M international expansion.

Adobe Systems, the maker of image-editing software Photoshop, is in negotiations to buy Marketo, a privately held cloud-based marketing software company, reported ET.

Google is expanding its Neighbourly app to five more Indian cities including Ahmedabad, Coimbatore, Mysore, Vizag and Kota. The app was first rolled out to Mumbai and Jaipur.

ShiftKarado, a tech-oriented packing and moving company, has raised an additional funding of Rs 5 Crore from Star WorldWide Group. The funding was received in various rounds, with the final tranche coming in month.

NetApp selects six startups in the emerging tech areas include CloudOptimo, FirstHive, InstaSafe,, Uber Diagnostics, and ZScore Technologies.

Fintech platform Bon has raised $1.1 million (Rs 7.8 crore) in seed funding.

E-pharmacy startup Pharmeasy has raised Rs 40 crore of debt funding from InnoVen Capital and working capital lines.

Amazon now plans to add benefits to its Prime subscription services to fuel offline expansion.

Gurugram-based multi-brand loyalty management company for retail enterprises, Payback is planning to expand its reach to neighbourhood kirana stores with point of sale (PoS) terminals.

Bengaluru-based vernacular knowledge sharing platform Vokal has raised $6.5 Mn in a Series A round of funding from Bengaluru-based venture capital (VC) firm Kalaari Capital.

Andhra Pradesh government has launched a mobile app called e-Rythu to reach out to farmer and agriculture marketplaces.

Pune-based Rev Snacks Pvt Ltd, the company that sells fruit snacks under the brand Frubites, has raised an undisclosed amount in funding led by the Mumbai Angels Network.

Jain Irrigation Systems Ltd has agreed to acquire ET Water Systems Inc., a California, US-based company that offers irrigation technology products.

ClearDekho Becomes the First Retail Brand in India to Raise Funds from SOSV-MOX, Asia’s Leading Mobile Accelerator

SoftBank Group Corp has intensified its search for a new India head, reported ET.

Urban Ladder wants to raise $35-40 million to expand its offline presence, adding stores in Mumbai, Chennai and Pune by January.

Swiggy has held discussions with a host of investors to raise $500-700 million, a significant portion of which Tencent wants to contribute. The investment could value Swiggy at $2.5-3 billion, reported ET.

Paytm Money Launches Dedicated App for Mutual Fund Investments at Zero Charges

Nexus-backed Co-living Brand Zolo Enters Hyderabad

Fireside Ventures is on the verge to complete investment of Rs 100 crore in 18 deals from its first fund which it had raised in March with a corpus of Rs 340 crore.

Vernacular focused news and entertainment aggregation DailyHunt has raised over $6 million as a part of Series E funding round from New York-based hedge fund Falcon Edge.

HappyEasyGo, an online travel agency (OTA) platform, has raised an undisclosed amount in Series A+ round from Korea’s KIP, Samsung, China’s CITIC Capital and other Chinese investors.

Amazon today launched Hindi version of its online shopping website for Android mobile (app and web) users.

Walmart’s local R&D division acqui-hires micro-app startup, a startup which develops micro-apps, will come on board.

Pune based Persistent Systems had acquired Herald Technologies, a US based healthtech startup for an enterprise valuation of $5.2 mn.

Financial marketplace BankBazaar is looking to expand its global footprint by entering the Australian market by the end of this fiscal, reported PTI.

Early stage VC firm WaterBridge Ventures has exited its investment in online education startup Unacademy after selling stake to three venture capital firms Sequoia Capital, SAIF Partners and Nexus Venture Partners in the Bengaluru-based startup.

On Monday, ETMoney announced that it is shifting its platform to enable investments in zero-commission, direct mutual funds.

Ambit Finvest, part of investment bank Ambit Group, has acquired Finmax Credit & Finance, a unit of fintech firm Finmax that finances small and medium enterprises.


About the author


An MBA in HR and Marketing from AIMS Institute (Bangalore University), He heads digital business he has a rich experience that he has garnered from his previous organisations Including leading Banks, NBFCs & Genpact India. He is a serial entrepreneur and the founder of Heavy Group of Companies.

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