Unfazed By Controversy, WeWork India Plans To Raise USD 200 Mn For Expansion
Even as investors lose their faith in WeWork amid controversies, the SoftBank-backed coworking company’s India business is planning to raise USD 200 Mn (INR 1,400 Cr) from foreign and domestic investors by December to expand its base. The company is looking to go from 46K seating capacity to 1 Lakh by the end of next year.
Surge Startup Hevo Data Raises USD 4 Mn Seed Funding From Chiratae, Sequoia
Bengaluru and San Francisco based unified data platform Hevo Data has raised USD 4 Mn seed funding in a round led by Chiratae Ventures and Sequoia Capital’s early-stage accelerator program Surge in October 2019.
Pine Labs Plans To Enter Unicorn Club With Tencent, Naspers And PayU Funding
Retail payment and hardware company Pine Labs is reportedly in talks with Chinese multinational conglomerate Tencent and global internet giant Naspers, along with its fintech company PayU, to raise an undisclosed amount at a valuation of USD 1.5 Bn.
Vahdam Teas Raises USD 10.5 Mn Series C Funding Led By Sixth Sense Ventures
Delhi-based online tea brand Vahdam Teas has announced a Series C funding round of INR 75 Cr (USD 10.5 Mn). The company said that the fresh funding round has been led by consumer fund Sixth Sense Ventures. Other investors in the round include family offices and HNIs such as Mankind Group Family office, Infosys founder Kris Gopalkrishnan, SAR Group Family office, Zomato Co-founder Pankaj Chaddah, Urmin Group family office, etc.