VISHESH KHURANA
General Catalyst-Venture Highway deal; Sebi clears Ola Electric IPO
Silicon Valley investor General Catalyst has acquired Indian early stage fund Venture Highway. More on this in today’s ETtech Top 5.
Unikon AI raises $2 million in funding from Zerodha's Nikhil Kamath, others
Artificial intelligence (AI) company Unikon AI has raised $2 million in a funding round from Zerodha cofounder Nikhil Kamath, Lenskart cofounder Peyush Bansal, Shiprocket cofounder Vishesh Khurana, Noise cofounder Gaurav Khatri, among others. Unikon.AI is the latest venture by Aakash Anand, the founder of the D2C personal care startup Bellavita, which was acquired by Mumbai-based Ananta Capital.
Tribe Capital’s new India investment vehicle to pump another $75 million in Shiprocket
Will back, build and buy out companies in India; focus is on investing in a small cohort of startups and own large stakes in them, says Arjun Sethi, cofounder, Tribe Capital. The Silicon Valley-based firm's umbrella entity in India will be co-owned by Sethi, Shiprocket cofounder Vishesh Khurana and Raj Snehil Juneja, who has been investing in Indian startups.
End of Paytm’s existing wallet biz; Tribe Capital’s India play
Happy Tuesday! Regulatory actions have crippled Paytm Payments Bank's mobile wallet business. This and more in today’s ETtech Morning Dispatch.
Lightspeed partners Abhishek Nag, Vaibhav Agrawal quit
Vaibhav Agrawal is set to launch his own venture firm. Abhishek Nag has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments. has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments.
Exclusive: EV startup Zypp in talks to raise new funding from Tribe Capital at $300-350 million valuation
Zypp Electric seeks $40M funding from Tribe Capital for expansion and tech development. Revenue tripled in FY24. Launching $250M India fund with Shiprocket's Vishesh Khurana. Raj Snehil Juneja also joins the team.
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Shiprocket's cofounder to lead Tribe Capital's first India fund
Tribe Capital's India AIF, led by Vishesh Khurana, aims for local presence with Raj Snehil Juneja. Zomato linked. Emphasis on local partners, capital. Funding round targets exit for early investors.
Zomato offers to acquire Shiprocket for $2 billion: report
Zomato has proposed to acquire the company for about $2 billion, the report said, adding that no final decision has been made.
Flipkart’s $1 billion fundraise; Zomato offers to acquire Shiprocket
Ecommerce giant Flipkart is in the middle of closing a $1 billion funding round in which Walmart has committed $600 million. This and more in today’s ETtech Top 5.
P-TAL raises Rs 4.33 crore in seed funding from Titan Capital, others
P-TAL seeks to revive ancient traditions in a contemporary way while promoting the use of traditional metals like brass, copper, and bronze, which Ayurveda recognizes as beneficial to health.
Jimmy’s Cocktails maker expands product range, raises $1.3 million
The company also announced a recent fundraise to fund this expansion into energy drink category.
Agritech startup Eggoz raises $8.8 million
The funding round – a mix of primary investment and secondary share sale – also saw participation from existing investors Nabventures, a venture capital fund anchored by National Bank for Agriculture and Rural Development, Avaana Capital, and Rebright Partners.
UrbanPiper makes key leadership appointments
Founded by Saurabh Gupta, Anirban Mazumdar and Manav Gupta in 2016, the brand's tech stack consists of the products Prime POS, Hub and Meraki, which automate all workflows of restaurants and chains across online delivery platforms such as Swiggy, Zomato, Deliveroo and UberEats.
Ecommerce startup Evenflow raises $5 million in funding from Village Global and others
Evenflow aims to develop over 20 such Indian brands over the next 12-18 months. The startup will use the funds raised in this fresh round to expand its team size, acquisition, and enhance its tech and operations.
Technology to push investments: TCS chief; India to have over 250 unicorns by 2025
In the financial year 2022, TCS grew 15.9% on the back of record deal wins amounting to $34.6 billion for the full year with nearly a third coming in during the final quarter.
Swiggy, Zomato back restaurant management startup UrbanPiper in a $24 million funding round
Existing investors Sequoia Capital India and Tiger Global led the round with a slew of angel investors also participating in the financing round.
Eat Better Ventures raises Rs5.5 crore in funding round led by Java Capital, Mumbai Angels
Founded in August 2020 during peak pandemic, by mother son duo —Mridula Kanoria and Shaurya Kanoria, Eat Better is a Jaipur based brand that makes snacks that are 100% natural and without chemicals, artificial flavours and colours.
Zomato loses 2% as firm completes Shiprocket acquisition
Last week, reports said that Shiprocket, a logistics aggregator, is closing $185 million (Rs 1,380 crore) in a Series E funding round co-led by Zomato, Singapore's sovereign wealth fund Temasek and Lightrock India.
Shiprocket closing $185 million funding led by Zomato, Temasek and Lightrock
The company did not share the expected valuation after the funding round, but people briefed on the matter said it would be $900-950 million.
Flipkart's sweet Diwali; chatbot firms cheer 'WhatsApp commerce'
The Flipkart Group, including fashion portal Myntra, bagged a market share of around 60% during this year's Diwali sales, according to data from PGA Labs.
Evenflow partners logistics startup Shiprocket for supply chain at scale
Evenflow aggregates third-party sellers on e-commerce platforms like Amazon and Flipkart. It acquires online marketplace sellers in the range of $200k - $1.5 million per brand.
Exclusive: Shiprocket eyes $200 million from Temasek and others
Shiprocket essentially aggregates delivery demands from direct-to-consumer (D2C) brands, micro entrepreneurs and local brands, and sends them to logistics players such as Delhivery and Ecom Express.
Expert session to grow your small businesses internationally
To help small businesses create a path for themselves and establish themselves in the global market, an eminent panel of experts will deliberate on how to reach customers around the world.
Why tapping social media, ecomm makes biz sense for homepreneurs
Working from home, Jain bakes and delivers customised cakes to customers in Bengaluru.
BigFoot Retail Solutions gets Rs 13.5 crore more in Series-B funding
The latest tranche come less than two months after the four-year-old company raised $6 million (Rs 40.3 crore) in a fresh round of funding that was led by Bertelsmann India Investments.
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