Bengaluru/New Delhi: A rift between investors on the board of directors of online marketplace Snapdeal has led to the company missing out on at least two desperately needed funding offers over the past six months, said three people familiar with the matter. The clash is between early and powerful Snapdeal investors Kalaari Capital and Nexus…
Bangalore-based ANI Technologies Pvt. Ltd, which runs cab-hailing app Ola, is in talks to raise fresh funding of Rs 650 crore (about $100 million) led by RNT Capital Advisers, a venture investment platform floated by Tata Sons chairman emeritus Ratan Tata. Existing investor Falcon Edge Capital will also invest in the round, a financial daily…
Aeries Financial Technologies Pvt. Ltd, which operates personal loan app CASHe, has raised Rs 25 crore ($3.8 million) in Series A funding led by Mathew Cyriac, former India co-head of private equity at Blackstone Group LP, media reports said on Saturday. Cyriac invested both in his personal capacity as well as through Florintree Advisors, the…
Tech entrepreneurs are gravitating to locations beyond the Silicon Valley to fulfill their startup dreams. While there is a surge in the number of startups in India, China, Singapore, and Japan, the Indonesian startup market is quickly becoming a force to be reckoned with. The following are some of the announcements made this week, that…
Freightos, a startup that wants to digitize more of the international logistics process, announced today that it has raised a $25 million Series B extension round led by GE Ventures, General Electrics’ venture capital arm. This brings the total funding raised by Freightos, which was founded in 2012 and is based in Hong Kong, to…
Indus OS, a startup which has created a regional operating system, today said it has raised an undisclosed amount from new investors JSW Ventures and VenturEast in recently-concluded financing round. Omidyar Network, an existing investor, has also participated in the latest round. “The amount which has been raised will be used for product development and…
ShapeShift a cryptocurrency exchange platform that converts between blockchain-based tokens, has raised $10.4 million in a series A round led by Earlybird Venture Capital, with participation from Lakestar, FundersClub, Blockchain Capital, Pantera Capital, and Access Venture Partners. Founded out of Switzerland in 2014, ShapeShift is a simple concept — it allows any person or non-person…
Indiabulls Ventures is soaring high in the early hours of trade on BSE, as the board of the company has approved the preferential issue of upto 3,38,000 convertible warrants to Innus Properties and Inuus Developers, promoter group entities. The warrants are convertible into equivalent number of equity shares of Rs 2 each at an exercise…
The showstopper on the power-packed inaugural evening of The Economic Times Global Business Summit was a mystic who’s popular for his pragmatic views on modern-day problems. An entire hall of corporate honchos listened in rapt attention as Sadhguru Jaggi Vasudev doled out advice on the role corporates must take on. In his 30 -minute address,…
pi Ventures, a venture capital firm which focuses on Artificial Intelligence (AI) , Machine Learning and IoT investments, has received funding from Accel Partners for its $30-40 million fund. This comes weeks after the firm raised $13 million funding. However, the amount invested has not been disclosed. Earlier this month, pi Ventures secured $13 million…