VP Weekly | 13 Jan '19
Ola Becomes $6 Bn Unicorn With $74 Mn Funding From Steadview Capital
Homegrown online cab aggregator Ola is now reportedly worth $5.5- $6 Bn after it raised $74 Mn (INR 520 Cr) from its existing investor, a Hong Kong-and London-based hedge fund, Steadview Capital, through preference shares.
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Amazon Pay Receives $42.6 Mn From Its Parent Company
E-commerce giant Amazon has yet again invested $42.6 Mn in fresh funding in its digital payments arm Amazon Pay. This latest funding comes right after reports stated that Amazon Pay is rolling out doorstep KYC services for its mobile wallet users in line with the Supreme Court’s Aadhaar verdict. Read More
Startup News Snippets
M&A News
Editor’s Weekly Pick
Jan is a great time to start reading up on the ventures that are likely to attract the most action during the year. Here are the top 50 identified by Entrepreneur India, with many new names making the list.
-Abhishek
Market Pulse
- Bengaluru-based early-stage seed fund and startup accelerator Axilor Ventures announced the names of 20 startups who will form its Winter 2018 cohort.
- Shell has announced its second cohort of startups under the E4 aegis. The eight startups have been selected to be incubated at the Shell Technology Centre Bangalore (STCB).
- Matrix Partners India, an early stage venture capital firm, announced its third fund of over $300 Mn (INR 21.19 Bn), eight years after it raised its second fund. The fund plans to invest in early-stage startups across emerging sectors and expand its current investment team.
- Fintech company SmartOwner launched SmartOwner Capital Growth Fund I, a SEBI-registered Category II Real Estate Alternative Investment Fund. The fund has a target size of INR 500 Cr with a greenshoe of INR 500 Cr.
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