201904.07
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Xiaomi and Shunwei are investing $7 Mn in bus tracking app Chalo
The investment arm of Xiaomi, Shunwei Capital had raised a $1.21 Bn fund in November last year, promising a significant chunk, approx $1 Bn to be invested in India. The first startup to get a piece of this cake is Chalo.com.
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Logistics Unicorn BlackBuck Raises $ 79.9 Mn In Series D Round
Bengaluru-headquartered logistics startup BlackBuck has raised $79.9 Mn in a Series D round from Accel Partners US, Goldman Sachs and B-Capital issuing 28,571 compulsorily convertible preference shares.
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                                       Startup News Snippets

                                                     M&A News

Editor’s Weekly Pick

2018 has been a landmark year for startup exits – what does this mean for investments in startups over the next 5-7 years? what sectors still have potential opportunities? Here are some good insights from Matrix Partners.

–Abhishek

Market Pulse

  • Indonesia-based ride-hailing company, GoJek, is to close two investment deals with Mumbai-based cloud kitchen player Rebel Foods which runs Faasos and Bengaluru-based esports startup Mobile Premier League.
  • Bengaluru-based self-drive car rental platform, Zoomcar, to raise around $500 Mn in a funding round led by automaker Mahindra & Mahindra.
  • Watch and personal accessories maker Titan has invested $14 Mn into Chennai-based online jewellery store CaratLane. CaratLane allocated 30,48,780 shares to Titan.
  • Amazon has invested approximately $35 Mn into its food ecommerce arm Amazon Retail India.
  • US-based curated closed marketplace for startups and investors AngelList has launched an India focused fund – The Collective. The Collective will invest about $0.14 Mn each in 60-80 startups annually.
  • Early-stage venture capital firm, DSG Consumer Partners has announced the launch of its third investment fund, which made its first close at $30 Mn.
  • WittyFeed has announced the launch of CatchUp, a social infotainment startup that will give users the opportunity to stay on top of trends online via audio-visual format.