VP Weekly | 7 Apr ’19
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.
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