Finance

Svasti Microfinance Secures USD 10 Mn; MSDF And Bamboo Capital To Exit

Svasti Microfinance Pvt. Ltd said on Monday it has secured USD 10 million (INR 71.5 crore) from a number of investors to grow its business and provide an exit opportunity to two early backers.

https://www.vccircle.com/svasti-microfinance-secures-10-mn-msdf-and-bamboo-capital-to-exit

 

Hospitality

Nazara Founder, Other Angels Curl Into Bunk Beds At Hostel Chain Gostops

GoStops, a hostel chain focused on young travelers, has raised an undisclosed sum from angel investors including Nitish Mittersain, founder and managing director (MD) of mobile games company Nazara Technologies Ltd, according to reports.

https://www.vccircle.com/nazara-founder-other-angels-curl-into-bunk-beds-at-hostel-chain-gostops

 

E-Mobility

Electric Two-Wheeler Rental Platform Ebike Go Raises Funding

eBike Go, an electric two-wheeler rental startup based in Amritsar, has raised USD 300,000 in a funding round led by Startup Buddy, the Gurugram-based early-stage investor.

https://www.vccircle.com/electric-two-wheeler-rental-platform-ebike-go-raises-funding

 

E-Commerce

Snapdeal In Talks For USD 100m At Valuation Of USD 800m-1.2bn

Snapdeal is in talks to raise about USD 100 million from new and existing investors, including Japan’s SoftBank, in what will be its first major fresh capital-raise in over three years, said two sources briefed on the matter. The Delhi-based company, which went through a pivot to focus on smaller towns and unbranded goods after its failed acquisition by Flipkart in 2017, has told new potential investors that SoftBank is committing to half of the round.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/snapdeal-in-talks-for-100m-at-valuation-of-800m-1-2bn/articleshow/72016254.cms

 

Finance

Paytm Plans To Invest Rs 500 Crore In Tech Startups

Digital payments firm Paytm on Monday said it plans to invest INR 500 crore in early-stage startups that build complementary technologies augmenting the digital ecosystem.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/paytm-plans-to-invest-rs-500-crore-in-tech-startups/articleshow/72006543.cms

 

HR Tech

Recruiter Exchange CBREX Raises USD 1.1 Million

CBREX, a startup that connects companies to recruitment agents, has raised USD 1.1 million as equity funding, from Indian high net worth investors.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/recruiter-exchange-cbrex-raises-1-1-million/articleshow/72003791.cms