VP Weekly | 6th Oct ’19

October 6, 2019
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Ant Financial may lead $600 million funding in Zomato
Gurugram-headquartered foodtech unicorn Zomato may raise $600 Mn funding from Alibaba Group affiliated Ant Financial Services.
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India’s Udaan raises $585M to expand its B2B e-commerce platform
B2B eCommerce platform Udaan has raised $585 Mn funding led by Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures
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                                           Startup News Snippets

                                                       M&A News

Market Pulse

  • Cloud-based technology platform for the dental industry, CareStack has raised $28 Mn Series B funding from Steadview Capital and California-based dental plan system Delta Dental
  • Wipro Enterprises’ venture fund Wipro Consumer Care Ventures has raised $28 Mn from its own FMCG brand, Wipro Consumer Care and Lighting
  • ClearQuote (Xenon Automotive), PiChain Innovations and Imaginate Technologies are shortlisted for Rolls-Royce’s Data Labs’ first ‘Start-up Accelerator Programme’
  • Mumbai-based Varanium closed its $28 Mn venture capital fund ‘Varanium NexGen’, which will exclusively focus on early-stage fintech startups
  • Pune-based online lending startup LoanTap has raised $12 Mn Series B funding from Avana Capital, with existing investors 3one4 Capital, India Quotient, Shunwei Capital and Kae Capital
  • Bengaluru-based expense management startup Fyle has raised $4.5 Mn from US-based hedge fund Steadview Capital