Mahindra & Mahindra Acquires 55% Stake In Meru Cabs

India automobiles major Mahindra & Mahindra is acquiring 55% stake in radio taxi operator Meru Travel Solutions for INR 201.5 Cr.

Source: INC42


Pet Care

Pet Care Startup CoZo Said To Be Raising Funds From Sequoia & Matrix, But No One’s Heard Of It

Gurugram-based pet care startup CoZo has been increasingly garnering attention across the startup community for not only the interest from marquee investors — Sequoia Capital and Matrix Partners — but also what the company does.

Source: INC42


Big Data

Data Intelligence Platform Tracxn Is Raising INR 20.94 Cr

Bengaluru-based technology platform Tracxn is raising INR 20.94 Cr in a Series B funding round. According to the Ministry of Corporate Affairs filings accessed by Inc42, the company filed a resolution dated August 27 to offer 70,872 Series B2 CCPS at a face value of INR 10 with a premium of INR 2945.48.

Source: INC42



B2B Unicorn Udaan Receives Over $80 Mn In Funding From Parent Entity Trustroot

Following the USD 225 Mn Series C funding round of B2B marketplace Udaan in September 2018, the B2B online marketplace has received a total of around USD 81.8 Mn in multiple equity rounds led by Udaan’s Singapore-based parent entity Trustroot Internet Private Limited. 

Source: INC42



Flipkart Plans To Invest $40 Mn In Logistics Startup Shadowfax To Improve Doorstep Delivery

In a move to enhance its doorstep delivery ahead of the festive season, Flipkart is reportedly close to investing in logistics startup Shadowfax. The company is said to be in advanced talks to invest USD 40 Mn in the Bengaluru-based startup.

Source: INC42



Impact investor LGT Lightstone Aspada to raise the next fund

LGT Lightstone Aspada, formed after the recent acquisition of India-focused impact investment fund Aspada by Swiss investor LGT, plans to raise a new fund of over USD 250 million, according to a media report.