Payments Platform BharatPe Raises $50 Mn Funding Round Led By Ribbit Capital
Payments platform BharatPe has raised a USD 50 Mn funding round led by Ribbit Capital and Hong Kong-based Steadview Capital. Existing investors of the company Sequoia Capital, Beenext Capital, and Insight Partners also participated in the round.
WeWork India Franchisee Embassy Buildcon Raises $27.7 Mn Debt From ICICI
Embassy Buildcon, the franchisee arm for WeWork in India, has reportedly pledged its shares in the coworking company to raise debt capital of INR 200 Cr from ICICI Bank. According to a media report, Embassy Buildcon, which operates WeWork properties in the country, has pledged its 26% stake to raise this capital.
SoftBank In Talks To Invest In Indian Startups Lenskart, Dailyhunt
SoftBank Vision Fund has been eyeing new bets in the Indian market. The SoftBank tech investment unit is reportedly in advanced talks to close investment deals with two Indian companies – eyewear retailer Lenskart and vernacular news and content platform Dailyhunt. SVF is expected to invest USD 400 Mn round of funding in Lenskart and USD 150 Mn in Dailyhunt as a part of a bigger round, according to a report in Economic Times.