The start-up, focused on middle- and lower-income clientele in grocery and home categories segments, in Tier-II and -III cities, currently has over 300,000 customers and services 15,000 orders per day
Groww, an investing platform offering direct mutual funds on its platform, has more than 2.5 million registered users
Deal will help investor provide a more comprehensive solution to its clients in 35 Indian cities
16 large deals with value over $100 mn each were recorded, aggregating to $3.3 bn, compared to six such deals worth $3.3 bn a year ago
SIDBI will manage the venture capital corpus
Started with a dedicated fund allocation of Rs 300 crore, the accelerator VC 9Unicorns Fund plans to invest in 100 start-ups in three years
41 profitable exits compared to 77 a year ago
Artha Venture Fund was originally known as Artha India Ventures
Lightspeed doesn't disclose its investments but officials say that as an early stage fund, it makes seed and series A investments that are in the range of $1-$3 million and $3 million-upwards
Nearly half of the money was received by trucking platforms including BlackBuck and Rivigo. This segment alone attracted $265 million across 10 deals
Automotive service companies were a big hit with investors, led by the Ola funding of $300 million from Kia and Hyundai (both of Korea) as part of a plan to develop electric vehicles
Global venture capital funding in digital health sector, including private equity and corporate venture capital, touched a record high of USD 9.5 billion in 2018, up 32 per cent from the year-ago period, says a report. According to global communications and research firm Mercom Capital Group, global venture capital (VC) funding in digital health sector touched USD 9.5 billion raised in 698 deals, higher than the previous record set in 2017 of USD 7.2 billion in 778 deals. The total corporate funding for digital health companies including debt and public market financing reached USD 13 billion in 2018, a 58 per cent increase from the USD 8.2 billion raised in 2017. "Venture capitalists' love of digital health companies is evident, but Wall Street is not yet convinced as more than 60 per cent of publicly-traded digital health stocks traded below the S&P 500 in 2018," commented Raj Prabhu, CEO and Co-Founder of Mercom Capital Group. He further noted that though funding deals every .
VC industry in India has evolved to a more "mature" phase in the last couple of years, says a recent report by Bain & Co and IVCA
Overall since 2014, the figure has been pegged at $10 billion
India saw several $ 100 million-plus mega deals this quarter, including $ 120 million by CureFit and $ 100 million by BookMyShow
Education, technology and healthcare sectors have been attracting huge investment from VC and private equity funds
Funding in such companies sees steady rise every year; in FY18 alone, around Rs 2 billion worth of investment has gone to five firms
'The Fundamentum Partnership' will look to lead investment rounds of $10 million to $25 million
Best intros come from people who have a personal relationship with the VC, reports Tech in Asia
Maiden funds, like Blume Ventures' $22 million fund, are invariably backed by local investors