Tiger Global, WestBridge Leads $42 Mn Funding Round In Edtech Startup Vedantu

Bengaluru-based online tutoring startup Vedantu has raised USD 42 Mn in a fresh funding round led by New York-based Tiger Global Management and WestBridge Capital. Existing investors Accel, Omidyar India and TAL Education also participated in the round, along with Prince Maximilian of Liechtenstein.

Source: INC42



LenDenClub Raises $1 Mn Pre-Series A Funding Led By Artha Venture Fund

Mumbai-based peer-to-peer lending platform LenDenClub on Thursday announced that it has raised USD 1 Mn in a Pre-Series A funding round. The investment was led by Artha Venture Fund with participation from family offices such as UAE-based Transworld Group. Also, marquee angel investors Shuchi Kothari, Ramakant Sharma, Narendra Karnavat, Nandi Mehta as well as existing investors also participated in the current round.

Source: INC42



Healthtech Startup Innovcare Lifesciences Raises $6.4 Mn From JM Financial

Mumbai-based healthtech company Innovcare Lifesciences has raised about USD 6.4 Mn (INR 450 Mn) from JM Financial Private Equity Fund II. The existing investors in the company also participated in the round.

Source: INC42



Shell invests $7.7 mn in biomass firm Punjab Renewable

Shell India, the local arm of the Netherlands-based Royal Dutch Shell Plc, has made an equity investment of INR 55 crore (USD 7.7 million at current exchange rate) in biomass company Punjab Renewable Energy Systems Pvt. Ltd.




Indian-origin founders' data analytics startup ThoughtSpot raises $248 mn

ThoughtSpot Inc., a US-based data analytics startup started by Indian-origin entrepreneurs, has amassed USD 248 million in its latest round of funding from a bunch of marquee investors.




Flipkart close to investing $40M in logistics startup Shadowfax

Flipkart is close to investing around USD 40 million in logistics startup Shadowfax, as the e-commerce major looks to spruce up last-mile delivery before the festive season.