FoodTech

Zomato Acquires Uber Eats Food Delivery Business In India

As speculated for months now, Zomato has finally acquired Uber Eats’ food delivery business in India for USD 350 Mn, the Indian food delivery giant has announced.

Source: INC42

 

Parking

Smart Parking Startup Park+ Raises USD 11 Mn from Sequoia, Matrix Partners

Delhi NCR-based Park+, which lets consumers book parking spots around cities, has announced raising USD 11 Mn in funding from marquee VCs Sequoia Capital and Matrix Partners.

Source: INC42

 

Internet of Things

IoT Solution Biz Skylo Bags USD 103 Mn To Scale Operations In India

Global machine connectivity solution company Skylo has raised USD 103 Mn in Series B funding round led by Japanese conglomerate SoftBank Global. So far, the company has raised USD 106 Mn.

Source: INC42

 

Insurance Tech

Digit Insurance Raises First External Funding From A91 Partners, TVS Capital

Bengaluru-based insurtech startup Digit Insurance has raised USD 84 Mn funding from A91 Partners, Faering Capital and TVS Capital at a post-money valuation of about USD 870 Mn.

Source: INC42

 

FinTech

Revenue-Based Financing Platform GetVantage Gets Seed Funding

Mumbai-based fintech startup GetVantage on Tuesday (January 21) announced that it has raised seed funding to come out of stealth mode. The investment has come in from early-stage investors such as Samyakth Capital and Venture Catalysts. The company didn’t confirm the funding amount, however, sources indicated that it has raised USD 8 Mn-USD 10 Mn in cash and debt round.

Source: INC42

 

Finance

Catalyst Fund Bags USD 15 Mn To Invest In 30 Startups From Kenya, India

American multinational investment bank JP Morgan and UK’s Department for International Development (DFID) have committed USD 15 Mn to fintech accelerator Catalyst Fund to back 30 startups across the globe.

Source: INC42

 

Finance

Flourish Ventures To Continue Its Investment Spree In India’s Fintech Space

Impressed with the growth of India’s fintech space, Tilman Ehrbeck, managing partner at Flourish Ventures, said that the venture capital firm is looking to invest in sectors such as neo-banking, gig economy, embedded finance and insure-tech.

Source: INC42

 

Co-Living Space

Embassy Group Ventures Into Coliving Business With INR 1000 Cr Investment

As coliving is gaining a stronger foothold in India,  realty firm Embassy Group will also be entering the space with an investment of INR 1000 Cr by 2021.

Source: INC42

 

Finance

Sachin Bansal Commits Up To USD 450 Mn For Navi To Fulfil Digital Banking Vision

Flipkart co-founder Sachin Bansal seems to be putting everything at stake for the success of his new venture Navi Technologies. According to media reports, he is likely to invest all the proceeds from the sale of his stake in Flipkart into the financial services company.

Source: INC42