Both B Capital and Accel Partners raised new funds of around $250 million and $650 million respectively earlier this year
BII recently invested in two future-of-work themed start-ups from its newly announced fund of $500 million to be invested into Indian start-ups in the next few years.
The Fund will be exploring multiple sectors including consumer, technology and healthcare
The latest fund will be focused on finding start-ups across digital healthcare, enterprise software, fintech and logistics, among other growing industries
The company has grown aggressively through the COVID period, and its assets under management (AUM) stand at close to Rs 5,000 crore, with cumulative transactions exceeding 8.1 million to date.
Shekhar Kirani of Accel, Deep Nishar of SoftBank and IDG Ventures besides a large number of pension funds Investors have exited the e-commerce giant.
The company competes with existing players such as MTR, Aashirvaad, Weikfield and others in the ready to cook mixes market.
The funds will further accelerate the nationwide expansion plans of FabHotels, a company release said.
The funding will give the Bangalore-based firm enough strength to compete with rival Zomato and Foodpanda
In December 2015, it raised USD 1 million seed round funding led by Blume Ventures and Flipkart
The company claims to have over 1 lakh truckers on its platform and serves MNCs like Unilever, Coke, ITC, Pepsi and others
Young Turks partnered with the third edition of Let's Ignite 2017 in Bengaluru, ran by Let's Venture which is a platform for Angel Investors to find and discover startup investments. The theme for Let's Ignite this year was exits.
Fund raising activity in the PE and VC space witnessed a decline of 6 percent in 2016. PEs and VCs raised closed to USD 24.1 billion in 2016 as compared to USD 25.7 billion in 2015.
The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma.
2017 will be a defining year for Flipkart as the company is looking to take "decisive lead" in the Indian market, its co-founder Sachin Bansal has said.
Sales, however, fell by 1 percent from 55,500 units in the previous quarter in nine cities - Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Ahmedabad, Gurgaon, Noida and Pune.
Ratan Tata backed Moglix today said it has raised Rs 28 crore from investors led by Accel Partners, Jungle Ventures and SeedPlus.
Despite launching roughly six months ago, AceBot has already made a name for itself within the Slackbot ecosystem through the way it makes things like managing daily to-dos, tracking expenses, running polls, and collecting ratings so easy.
"In a market with demand fulfilment largely led by US, India's competitive advantages will help Indian SaaS companies see strong growth and create USD 50 billion in value over the next 10 years," says a joint report by Google and Accel Partners released on Friday.
The Union Budget 2016-17 laid special emphasis on job creation and outlined measures to facilitate ease of doing business whilst simultaneously ...
The Union Budget 2016-17 laid special emphasis on job creation and outlined measures to facilitate ease of doing business whilst simultaneously ...
Accel, the first venture investor in Flipkart, remains the second-largest shareholder after New York-based hedge fund Tiger Global Management following the deal, the Economic Times reported.
Flipkart, Accel and Qatar Investment Authority did not immediately respond to a Reuters request for comment.
SURGE 2016 expects more than 4,000 attendees including ...