Paytm founder Vijay Shekhar Sharma and venture capitalist Shailesh Vickram Singh have joined hands to launch a $150-million environment protection-focused fund.
Omidyar Network and Hero Group’s Sunil Munjal are reportedly in advanced talks to join the funding round of peer-to-peer motor vehicle rental startup Metrobikes.
Singapore’s investment firm Temasek plans to inject Rs 200-300 crore ($30-45 million) more into its wholly-owned Indian non-banking financial arm, Fullerton.
PremjiInvest, the family office of Wipro chairman Azim Premji, is in discussions to invest $250 million in the holding company of Kishore Biyani’s Future Group.
Early-stage venture capital firm Unicorn India Ventures expects to hit the first close of its maiden venture debt fund at ₹200 crore by the end of July.
Avi Networks, an application delivery platform, raised $60 mn in Series D from Cisco Investments along with DAG Ventures, Greylock Partners, Lightspeed Venture Partners, and Menlo Ventures.
Chicago-based JLL Spark has announced the creation of $100M JLL Spark Global Venture Fund to focus on seed and Series A investments, as well as select later stage rounds.
Facebook’s Data Privacy Concerns May Delay WhatsApp Pay Launch
Mumbai-based AI startup Orbo has received an undisclosed amount of funding from the London-based Founders Factory in a Seed+ round, reported Inc42.
WhatsApp has launched banking services for Kotak bank on a pilot basis. ICICI Bank, too, has said that it is testing the messaging platform’s enterprise solution to engage with customers, but has not yet announced a launch date.
Digit Insurance has partnered with Flipkart, to launch a mobile protection plan intended for people who purchase smartphones on Flipkart’s platform.