Acko Bags USD 16 Mn From Ascent As Binny Bansal Prepares USD 20 Mn Top-Up
Flipkart co-founder Binny Bansal is reportedly planning to pump an additional USD 20 Mn in Mumbai-based motor insurance provider startup Acko General Insurance, almost doubling his investment in the company to USD 45 Mn.
Agritech Startup Kamatan Raises INR 30 Cr From Samunnati Agro
New Delhi-based agri logistics and supply chain startup Kamatan Farm Tech has announced an INR 30 Cr equity and debt funding round from Chennai-based Samunnati Agro Solutions. The Agri-focused financing company was joined by existing investor Elevar Equity in the round.
P&G India Launches USD 27.9 Mn Fund To Support Cleantech Startups
Multinational consumer goods corporation Procter & Gamble India, on Thursday, announced the launch of INR 200 Cr (USD 27.9 Mn) Environmental Sustainability Fund. With this, the company is looking to collaborate with external partners on environmentally sustainable solutions.
Venture Catalysts Invests In Health-Tech Startup Wondrx
WonDRx, a startup that seeks to bridge the gap between patients and healthcare providers through a data-driven approach, has raised an undisclosed sum of money from startup incubator and accelerator Venture Catalysts as part of its seed funding round.
Smartphone maker Xiaomi, along with several other existing investors like China’s Shunwei Capital, are in talks to invest in a USD 75-million round being raised by bike taxi application Rapido, according to two sources familiar with the development. The deal is expected to double the valuation of Rapido to over USD 300-350 million even as the startup continues to expand across the country amid flat growth in the cab segment.