Bangalore-based online grocer - BigBasket has raised Rs 200 crore in Series-B funding from venture funds Helion Advisors and Zodius Capital. Its existing investors, Ascent Capital and LionRock Capital also were a part of the funding, the company said. BigBasket, which is currently present in Bangalore, Hyderabad and Mumbai, plans to use the funds to enter 10 more cities, including Delhi and Pune, over the next year and invest in technology. It delivers food items such as fresh fruits, vegetables, grocery and staples, frozen food and dairy products. The company boasts of a catalogue of over 12,000 products, across 1,000 brands.
Tata invests in Bluestone.com
Ratan Tata, former chief of Tata Group and chairman emeritus of the group's holding company Tata Sons, has invested an undisclosed amount in Bangalore-based Jewels Online Distribution India, the company behind online jewellery retailer BlueStone, confirmed its co-founder Gaurav Singh Kushwaha. A few weeks back, Ratan Tata had invested an undisclosed sum in Snapdeal.com, the second largest e-commerce platform in India.
Also read: http://goo.gl/azl0qS
MakeMyTrip's innovation fund
Online-travel services firm MakeMyTrip has created an innovation fund worth $15 million, which the company will invest in early-stage ventures operating in the travel and tourism space, with a focus on mobile and IP-based start-ups.
Phantom Hands raises funding
Bangalore-based Phantom Hands Vintage Collectibles, which owns Phantom Hands, an online shop for antique products, has raised an undisclosed amount in funding from four investors, including Rajan Anandan, head of Google India, and Ravi Shah, director of Mumbai-based design firm Mind's Eye Creative, according to a report by Forbes India.
Tata invests in Bluestone.com
Ratan Tata, former chief of Tata Group and chairman emeritus of the group's holding company Tata Sons, has invested an undisclosed amount in Bangalore-based Jewels Online Distribution India, the company behind online jewellery retailer BlueStone, confirmed its co-founder Gaurav Singh Kushwaha. A few weeks back, Ratan Tata had invested an undisclosed sum in Snapdeal.com, the second largest e-commerce platform in India.
Also read: http://goo.gl/azl0qS
MakeMyTrip's innovation fund
Online-travel services firm MakeMyTrip has created an innovation fund worth $15 million, which the company will invest in early-stage ventures operating in the travel and tourism space, with a focus on mobile and IP-based start-ups.
Phantom Hands raises funding
Bangalore-based Phantom Hands Vintage Collectibles, which owns Phantom Hands, an online shop for antique products, has raised an undisclosed amount in funding from four investors, including Rajan Anandan, head of Google India, and Ravi Shah, director of Mumbai-based design firm Mind's Eye Creative, according to a report by Forbes India.
If you have any information to share, please write to bsreporter@bsmail.in