Monday, September 23, 2019
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India’s Milkbasket in talks to raise over $50M

India’s Milkbasket in talks to raise over $50M

Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries, fruits, and vegetables delivery market that has attracted the attention of many in recent months including Amazon India. The four-year-old startup is in advanced stages of talks with private equity funds…
India’s Swiggy has a new service that will deliver just about anything

India’s Swiggy has a new service that will deliver just about anything

Swiggy, one of the largest food delivery startups in India, has ambitions that move beyond getting chicken shawarma to you. The startup, which began delivering select products from local stores earlier this year, today launched Swiggy Go service to enable consumers, micro- and small businesses to deliver just about anything within a city. Swiggy Go,…
India’s mobile payments firm MobiKwik reaches rare key profit milestone

India’s mobile payments firm MobiKwik reaches rare key profit milestone

Indian mobile payments firm MobiKwik has reached a milestone very few of its local rivals can even contemplate: not burning money. The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation, and amortization. “We have been in an ecosystem where we have seen a lot of high-growth and several…
India’s Oyo acquires Copenhagen-based data science firm Danamica for $10M

India’s Oyo acquires Copenhagen-based data science firm Danamica for $10M

India’s Oyo said on Monday it has acquired Copenhagen-based data science firm Danamica as the fast-growing lodging startup works to expand its business in Europe. Neither of the parties disclosed financial terms of the deal, but a source familiar with the matter told TechCrunch that Oyo paid about $10 million to acquire the Danish firm.…
India’s FreshToHome raises $20M to grow its fish, meat, vegetable, and milk e-commerce platform

India’s FreshToHome raises $20M to grow its fish, meat, vegetable, and milk e-commerce platform

FreshToHome, a Bangalore-based e-commerce startup that sells fresh vegetable, fish, chicken, and other kinds of meat, has raised $20 million in a new financing round as it looks to expand its footprint in the nation. The Series B round for the startup was led by Iron Pillar, with Joe Hirao, the founder of Japan’s ZIGExn…
India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more businesses; unveils broadband, blockchain, and IoT platforms

India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more...

India’s Reliance Jio, which has disrupted the local telecom and features phone businesses in less than three years of existence, is now ready to aggressively foray into many more businesses with the help of global giants including Microsoft. In a series of announcements, the subsidiary of India’s largest industrial house Reliance Industries today said it…
India’s Meesho raises $125M to expand its social commerce business

India’s Meesho raises $125M to expand its social commerce business

Meesho, a Bangalore-based social commerce startup, has raised $125 million in a new financing round to expand its business in the country and change the way millions shop online. The Series D round was led by Naspers, and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway participating as well. Facebook also participated in the…
India’s Lendingkart raises $30M to help small businesses access working capital

India’s Lendingkart raises $30M to help small businesses access working capital

As India continues its race to adopt digital payments at a pace and scale seen rarely worldwide, the country’s startups are quickly building solutions to bring financial services to businesses. And they are attracting significant capital from local investors and global giants to scale their ambitions. Lendingkart, one of the many startups in the country…
India’s Awfis raises $30M to grow its co-working spaces business

India’s Awfis raises $30M to grow its co-working spaces business

Speaking of businesses that operate co-working spaces in India, New Delhi-based startup Awfis announced today that it has raised $30 million in a new financing round to expand its footprint in the country. The Series D round for the four-year-old startup was led by ChrysCapital. Existing investors Sequoia Capital India and The Three Sisters Institutional…
UrbanClap, India’s largest home services startup, raises $75M

UrbanClap, India’s largest home services startup, raises $75M

UrbanClap, a marketplace for freelance labor in India and UAE, has raised $75 million to expand its business. The Series E round for the four-and-half-year-old India-based startup was led Tiger Global. Existing investors Steadview Capital, which led the startup’s Series D round, and Vy Capital also participated in the round. The startup has raised about $185…

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Opinion: Rift Zones are making Fortnite worse – Fortnite Tracker

The reviews are in: the Fortnite community doesn't like Rift Zones. Epic has taken a decent concept and made it horrible. Take a look at one man's opinion of Season 10 and the current state of Fortnite. Rift Zones are making Fortnite worse, and it's infuriating me. Part of the reason I'm so angry at…

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