VP Weekly | 13th Oct ’19

October 13, 2019
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Pine Labs Plans To Enter Unicorn Club at a valuation of $1.5 Bn
Retail payment and hardware company Pine Labs is planning to raise an undisclosed amount at a valuation of $1.5 Bn from  Chinese multinational conglomerate Tencent and global internet giant Naspers, along with its fintech company PayU.
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Oyo founder Ritesh Agarwal investing $700 Mn in $1.5 Bn fresh funding
Gurugram-based hospitality decacorn OYO Hotels and Homes will raise $1.5 Bn Series F funding from its founder Ritesh Agarwal and other existing investors.
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                                               Startup News Snippets

                                                             M&A News

Market Pulse

  • Fintech startup BASIX Sub-K iTransactions has raised $10.5 Mn Series C funding from Maj Invest. The Startup will use the funds for business expansion and strengthening its technology stack
  • A regional social commerce company, DealShare has raised $8 Mn Series A funding from Matrix Partners India, Falcon Edge Capital, partners of DST Global, and Omidyar Network India
  • Agricx, Ambee, Artivatic, CureSkin, IntelloLabs, Jiny, Nayan, Nira, PerSapien and SustLabs are Indian startups that qualified for the third edition of Google Launchpad Accelerator
  • Bengaluru-based early-stage venture capital firm Inventus Capital Partners closes its third fund at $52 Mn. The third fund will make about 15 investments in total
  • Daily car cleaning and repair service CleanseCar has raised $2 Mn Pre Series A funding from 10 investors, including Haldiram’s Family Office, Rahul Bothra, CFO, Swiggy and others
  • Clothing brand Kosha has raised undisclosed amount of seed funding from Tres Monos Capital and Narendra Hiranandani, Founder of Enhira Software