MedPlus Looks To Raise INR 700 Cr For Pan-India Expansion With IPO

Hyderabad-based pharmacy retail chain MedPlus has announced that it would be going for an initial public offering (IPO), with plans to raise about INR 700 Cr through the market.


Marketing Tech

Freshworks Valued At USD 3.5 Bn After Latest Funding From Sequoia, Accel

Chennai-based software-as-a-service (SaaS) unicorn Freshworks has announced that it has signed an agreement for a USD 150 Mn Series H round led by Sequoia Capital, CapitalG, and the company’s first investor Accel. With this investment, the company’s valuation has reached USD 3.5 Bn, according to a press statement on November 13.


Food and Beverages

RB Investments, India Quotient Lead USD 3.5 Mn Funding In Beverage Startup Coolberg

Mumbai-headquartered beverage startup Coolberg announced that it has raised USD 3.5 Mn in its Series A funding round. The round has been led by Singapore-based RB Investments and existing investor India Quotient. Other investors include Ashish Goenka, chairman of Suashish Diamonds and a pool of investors from Indian Angel Network (IAN).



BigBasket Looking To Buy Micro-Delivery Startup DailyNinja

After it became evident that consolidation of the milk delivery segment will work better due to its complexities, a media report stated that the small companies are eyeing mergers with bigger companies to sustain themselves. The report also stated that the grocery delivery company BigBasket is in “advanced” talks to acquire micro-delivery platform DailyNinja for USD 100 Mn.


Insurance Tech

Tencent Buys Tiger Global Stake To Bet On Policybazaar

Chinese conglomerate Tencent Holdings Ltd has picked up a stake in Indian insurance aggregator PolicyBazaar, as it continues to ramp up its bets on internet companies in the South Asian nation.



Zerodha Steps Up As Angel Investor

Online stock-broking platform Zerodha has emerged as a significant investor in early-stage ventures, backing startups across investments, digital identification and others. Through its Rainmatter initiative, the bootstrapped, yet the profitable company has already invested in a batch of 14 startups in the fintech space.