Crypto-Currency

Binance Acquires Indian Crypto Startup WazirX

Global cryptocurrency exchange and blockchain ecosystem, Binance, today, has announced its acquisition of Indian cryptocurrency startup WazirX. With the acquisition, Binance will now start offering the option for users to buy and sell crypto with Indian rupees (INR) on the Binance Fiat Gateway from November 25 onwards.

Source: INC42

 

Finance

Aye Finance Raises INR 125 Cr To Offer Loans To Women-Led MSMEs

Gurugram-based financial services startup Aye Finance has announced raising INR 125 Cr funding from Dutch entrepreneurial development bank, FMO, through non-convertible debentures. The transaction was led by Chennai-based Northern Arc Capital (formerly IFMR Capital Finance Limited), a debt investor and credit segment platform.

Source: INC42

 

Biotech

Life Science Startup Telluris Raises USD 4 Mn From Sathguru Catalyzer To Expand Markets

Telangana-based early-stage life sciences startup Telluris Biotech India Private Limited, on Wednesday, announced that it has raised over USD 4 Mn funding led by Innovation in Food and Agriculture Fund. The fund is managed by Sathguru Catalyzer Advisors, which got a minority holding in the company.

Source: INC42

 

EdTech

Azent Acquires Admission Table To Take Educational Counseling Online

Online-offline Edtech startup Azent Overseas Education, on November 20, announced the acquisition of the Bengaluru-based admission assistance platform Admission Table. The acquisition is in line with Azent’s investment and growth strategy, which involves INR 250 Cr investment in new technologies and innovative products over the next three years.

Source: INC42

 

Finance

India Quotient Closes Its Third Fund At USD 60 Mn To Invest In B2B, SaaS Startups

After making the first close of its third fund in April 2018 with USD 30 Mn, Venture capital firm India Quotient has made the final close of its USD 60 Mn fund.

Source: INC42

 

Co-Working Space

India Quotient Leads USD 1.5 Mn Pre-Series A Funding For myHQ

Delhi-NCR headquartered coworking space provider, myHQ, on Wednesday (November 20), announced that it has raised USD 1.5 Mn in Pre-Series A funding round led by India Quotient. Singapore-based family office RB Investments, Ashish Goenka from Suashish, angels from the online platform LetsVenture and existing investors including Anupam Mittal and Nitish Mittersian also invested in the round.

Source: INC42

 

Food and Beverages

Non-Alcoholic Beverage Maker Svami Gulps Down Pre-Series A Funding

Non-alcoholic beverage maker Svami Drinks has raised INR 7.5 crore (USD 1 million at current exchange rate) in its pre-Series A round of funding from a mix of institutional and individual investors.

Source: VCCIRCLE

 

Social Commerce

Chiratae, SAIF Lead Series B Funding In Social Commerce Platform WMall

Social commerce platform WMall has raised around INR 64 crore (USD 8.90 million at current exchange rates) in a Series B funding round led by Chiratae Ventures and SAIF Partners, according to reports.

Source: VCCIRCLE