VP Weekly | 18th Aug '19

August 18, 2019
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One of the biggest funding this week has been raised by online reseller network Meesho, raising $125 Mn in a round led by Naspers
Bnegaluru based Meesho has raised $125 million in a round led by South Africa’s Naspers with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway
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ShareChat raises $100 million in Series D funding led by Twitter and TrustBridge Partners
A regional social media platform, ShareChat has raised $100 million Series D funding, where Twitter and TrustBridge Partners are two new investors
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           Startup News Snippets

M&A News

Editor’s Weekly Pick

Even after years of money-losing startups raising millions of dollars at multi-billion valuations, WeWork filing IPO is something unique of it’s kind. Here is a good note by Senior Contributor | BANKING & INSURANCE – Frances Cappola, on WeWork’s IPO.

–Abhishek

Market Pulse

  • Deloitte is bringing its popular “Morning Pitch” tradition from Japan to the startup ecosystem in India and hosted its seventh edition of Morning Pitch on August 13 in Gurugram
  • Future Group will raise $281 Mn from Amazon against a 10% stake. Both companies have been in talks since last year to align their businesses together through a stake deal
  • Bike taxi startup Rapido will raise $50 Mn funding from domestic firm Westbridge Capital and China’s ShunWei Capital with existing investor Nexus Venture Partners
  • The state government of Jammu and Kashmir to host a three-day global investors summit in Srinagar from October 12 to showcase Jammu and Kashmir’s strengths, strategies and potential
  • ASSOCHAM will launch ‘Startup Elevator Pitch Series’ in tier 2 and tier 3 cities as a platform for budding entrepreneurs to pitch for funding and technology partners
  • Reliance Jio has announced a partnership with the tech giant Microsoft and its Azure cloud vertical to give free Jio connectivity and Jio-Azure cloud services for tech startups in India
  • UK-based gold trading platform, Goledex has raised an undisclosed amount of funding from the UK India cross-border fund of Unicorn India called Unicorn Ascension