Gurgaon-based online grocery startup Grofers India Pvt Ltd has raised Rs 400 crore (around $62 million) led by existing investor SoftBank, according to a media report on Friday. The Times of India reported that existing investor US-based Tiger Global and Russian billionaire Yuri Milner also participated in the round. The investment saw Grofers’ valuation fall by 20% to $300 million…
Once home to the mythical Indian rope trick and turbaned Maharajas, India today proudly boasts of the third largest number of start-ups worldwide. The history of Indian start-ups can be traced back to the birth of the Indian information technology industry in 1984 followed by the launch of the first commercial internet service by VSNL around a decade later, in…
Bharti Airtel board on Monday approved a proposal to raise up to Rs 16,500 crore through a combination of privately placed non-convertible debentures and foreign currency bonds for conducting treasury operations. In its ongoing efforts to raise funds to reduce debt as well as meet the competitive challenges posed by Reliance Jio, the Bharti Airtel board on Monday approved a…
Pine Labs, a digital retail payments platform, has raised $82 million in a Series F financing round led by Actis, a leading investor in emerging markets. US-based Altimeter Capital also participated in the latest funding round to become a new investor in Pine Labs. Actis will get a board seat for its investments in Pine Labs while Altimeter Capital will…
The US aircraft manufacturers Lockheed Martin will soon invite innovation ideas from startups through its annual scheme “India innovation growth programme,” meant for startups and university students “The applications for this programme, launched in 2007, will be received from March 21. It looks for startups and university students, who have got innovative ideas. They may be allowed to take their…
Essar Steel: Numetal, ArcelorMittal may be headed for legal battle Early signals emanating from ArcelorMittal and Numetal, the only companies to have placed binding bids to acquire Essar Steel, hint at a protracted legal battle that could mire the resolution of the steelmaker’s debts, says Mint’s report. The report further says, in the weeks following the submission of binding bids…
Touting its e-Residency programme, Estonia is pitching for budding Indian entrepreneurs looking to ride the next digital wave and start up their ventures in a seamless, hassle free and technology-driven environment to set up base in the county. Terming it as the perfect solution that enables access to a government-issued digital ID and providing an access to the entire EU…
When Noah Isaacs and John Meadows were best friends growing up in Berkeley, Calif., they dreamed of remaining friends for life. What they didn’t imagine was living together in New York and starting a company together — yet they have. It’s called Bowery Valuation, and it’s aiming to bring commercial real estate appraisals — currently an $8 billion market —…
Stripe, the $9 billion payments processing startup, has purchased Index - an in-store payments startup backed by former Google CEO Eric Schmidt's venture capital firm Innovation Endeavors. Index provides software for in-store payments systems, like the PIN pads that you probably already use to pay with a debit or credit card at your local Target or pharmacy. Its biggest claim-to-fame…
Whoop, a sports performance company whose platform helps athletes and coaches understand the impact of physical strain in order to optimize training and reduce injury, has raised $25 million in a series C round of funding. The round was led by the little-known United Arab Emirates firm UAE71 Capital, with participation from a number of notable individuals, VC firms, and…