Investment in water infra will spur growth: analysts

Prime Minister Narendra Modi’s announcement on the 73rd Independence Day on providing water connections to every household in the country at an estimated capital expenditure of over ₹3 lakh crore is expected to create huge business opportunities for corporates, said analysts. They said the move would provide employment to millions of people and may kick-start the investment cycle. “These are…

Singapore fund seeks CCI nod to buy 37.5 pct in Aakash Educational services

Aakash Educational Services, which had sought to list on the exchanges via an ‘offer for sale’ (OFS) in July 2018, could see an investment by Singapore VII Topco I. The fund has sought the Competition Commission of India’s (CCI) nod to acquire a 37.5% stake in the company that runs the Aakash Institute coaching centres, according to a CCI notification…

Drip Capital raises $25 million in Series B funding round

Fintech firm Drip Capital, which offers working capital solutions to exporters, has raised $25 million in its Series B funding round, led by Accel, with participation from existing investors Sequoia India, Wing VC, and Y Combinator. New investors in the round include GC1 Ventures and institutional investor platform Trusted Insight. The company has raised over $45 million in equity till…

Aaron Rodgers Launches $50 Million Venture Capital Fund With Roth Capital

Green Bay Packers quarterback Aaron Rodgers has been one of the most dominant players of his generation. He has a pair of NFL MVP Awards to go with his 2010 Super Bowl MVP. His career passing rating is the highest in the history of pro football. Green Bay rewarded Rodgers in August with a blockbuster four-year, $134 million contract extension…

Bicycle sharing startup MYBYK looks to raise $2 mn in Series A funding

Ahmedabad-based premium bicycle-sharing service MYBYK is looking to raise at least $1million in Series A round of funding as it focuses on ramping up business on the back of B2B intra-campus mobility space. The next round of fund raising is aimed at aiding its B2B expansion plans. At present, the startup services corporates like Reliance Industries, Adani and SRF Chemicals.…

Mobile ticketing company TodayTix raises $73M in new funding

TodayTix, a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances, is announcing a new $73 million round of funding led by private equity firm Great Hill Partners. Founded in 2013, the company initially served as the mobile equivalent of New York’s TKTS booths for discounted, last-minute theater tickets. TodayTix…

Madrona Venture Labs raises $11M to build companies from the ground up

In regions where would-be entrepreneurs need a little more support and encouragement before they’ll quit their day job, the startup studio model is taking off. In Seattle, Madrona Venture Labs (MVL), a studio founded within one the city’s oldest and most-celebrated venture capital firms, Madrona Venture Group, has raised $11.3 million. The investment brings the studio’s total funding to $20…

Lenskart earmarks USD 3 million to invest in ‘eye-tech’ startup

Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3.3 crore) in US-based ThinOptics. "We will invest about USD 2-3 million... These…

After Raising $100 Mn, Swiggy Now In Talks With Coatue Management For Another $100 Mn

New York-headquartered technology hedge fund Coatue Management is reportedly holding discussions with a couple of other investors to pump $50 Mn-$100 Mn in homegrown online food delivery startup Swiggy. The development comes less than two months after the Bengaluru-based startup raised $100 Mn in Series F funding round led by Naspers at a valuation of $700 Mn. The round also…

Grofers likely to raise $65 million; Sequoia Capital may not participate in funding round

Gurugram-based online grocery startup Grofers is in talks to raise around USD 60-65 million from its existing investors in a funding round, sources told Mint. The valuation of the online grocery store may drop by over 40 percent,they added. The funding round is being led by existing investor SoftBank with participation from Tiger Global Management participating. Sequoia Capital, however, may…