Ola Plans To Raise An Additional $300 Mn As Part Of Series J Round
Cab hailing giant Ola’s parent company, ANI Technologies, has proposed to increase its authorised capital to include an additional number of Series-J shares. This move indicates the company’s intentions to raise an additional $300 Mn as a part of its ongoing funding round. Read More
Mumbai-based digital lending startup InCred closed its Series A Funding at $86 Mn
The funding round was led by Dutch development finance institution FMO. The funds will help the company boost its balance sheet lending.
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Despite the rise of Edtech startups and attention from investors & government, the Indian education system is still suffering from some serious lacunae.
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Market Pulse
- Jungle Ventures made the first close of its third fund at about $175 Mn. The early stage investment fund’s Indian portfolio includes LivSpace, PaySense, and Engineer.ai.
- Auto portal CarDekho announced that it will buy back shares worth $2.5 Mn from its employees, under the Girnar group ESOP repurchase plan, 2019
- Hyderabad-based healthcare technology firm Suvarna Technosoft is acquiring a controlling stake in Mumbai-based laboratory information management systems (LIMS) solutions provider MedPrecinct Solutions.
- Walmart-owned Flipkart is looking to expand the offline reach, as well as boost its grocery delivery business.
- Gurugram-headquartered online travel company MakeMyTrip acquired a majority stake in Mumbai-based corporate travel management startup Quest2Travel for an undisclosed amount.
- Gurugram-based hospitality chain OYO committed to acquire Amsterdam-based vacation rental company @Leisure Group.
- D’Cal’s cost-effective pocket-friendly device turns hard water into soft water with zero wastage. D’Cal is currently bootstrapped, recorded more than INR 1 Cr in sales last quarter