Mumbai Angels Network backs investment tech startup AsknBid
The investment was led by Ravikanth Reddy, Partner, Regentway Ventures. AsknBid will use the capital to scale up its research platforms and strengthen existing technology systems.
Community management platform Convosight raises pre-Series A funding
The funds were raised from IvyCap Ventures and Sequoia Capital's accelerator programme called Surge. The startup will use the funds to strengthen its team, technology and marketing
PhonePe Gets $28 Mn Top-Up From Flipkart As Digital Payments Take A Hit In Pandemic
PhonePe was looking to raise funds to compete in the burgeoning payments industry. Digital payments in India have dropped significantly due to the nationwide lockdown
Paytm In Talks With Microsoft To Raise $100 Mn
Paytm has been in talks with Microsoft since last year. The fundraising is said to be an extension of Paytm’s $1 Bn round raised last year.
Microsoft is also said to be in talks with Ola for a $200 Mn round
VC investments in India dipped to $2.2 billion in the first three months of 2020, and experts see a grim future
In the last three months of 2019, the number was as high as $6 billion. India’s VC deals were affected as a significant amount of investments in the country come from international VC firms and corporates.