Emiza Gets $4.5M, ScoutMyTrip Bags Seed Funding, We Are Holidays Raises Rs 50 Cr, Delhivery Secures Rs 700 Cr & More
Health foods startup Kiji Foods has raised Rs 3 crore ($464,000) in angel funding.
Photo Credit : constructive.net.au,
Here is a list of deals that happened in Indian Startup Ecosystem today including funding, merger, acquisition, new venture launch etc. Read a brief description about all of them:
1. Mumbai-based third-party logistics startup Emiza has raised $4.5 million funding led by Mayfield in participation with existing investors Nishant Rao, COO, Freshdesk, and Dileep Nath. The funds will be primarily used to expand the business to other geographies, in hiring a robust leadership team, and to focus on technology. This is the third round of funding for the logistics startup, which was founded in early 2016 by Ajay Rao and Rajesh Sharma.
2. Travel Tech startup ScoutMyTrip Pvt Ltd has raised an undisclosed amount of Seed Funding from early stage accelerator Z Nation Lab. Mumbai-Based startup that was founded 2016 by Deepak Ananth and Vineet Rajan, plans to use the raised funding for scaling their business. ScoutMyTrip, a community driven road trip planner, was also selected by Z Nation Lab for its startup boot camp in November 2016.
3. The founder and promoter of Cox and Kings, Urrshila Kerkar, has bought a 51% stake in the Gurgaon-based travel startup, We Are Holidays, by investing Rs. 50 crores in the company. Urrshila Kerkar will lead the Series B round of funding among other high-profile investors like Vijay Shekhar (Founder of Paytm); Anupam Mittal (Founder of Shaadi.com); Sachin Bhatia (Founder of MakeMyTrip) and Rajesh Sawhney (former CEO of Reliance Entertainment), along with Blume Ventures and Matrix Partners. Prior to this investment in We Are Holidays, Cox and Kings had bought a 10% stake in Ezeego.com.
4. E-commerce led logistics company Delhivery has raised about Rs. 700 crore in a fresh round from Singaporean Internet Fund III Pte Ltd and Mauritius-based CA Swift Investments, which acted as the investment vehicles for global buyout fund Carlyle Group. With this funding, the company is now valued at $700 million. Delhivery had earlier raised $85 million in Series D funding led by Tiger Global.
5. The Indian arm of the world’s biggest e-commerce company Amazon.com, Inc. will have its own digital wallet. The company has secured a licence from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI), becoming the latest entrant into the country’s booming financial technology space. According to the RBI website, Amazon Online Distribution Services Pvt. Ltd secured the licence late last month.
6. Professional talent management startup HackerEarth has raised $4.5 million (Rs 30 Cr) in an equity financing round led by US-based DHI Group Inc in participation with Japanese firms BEENEXT, BEENOS, Digital Garage, and BizReach, and existing investor Prime Venture Partners. The startup will use the raised funds to strengthen the product team and for international expansion.
7. Health foods startup Kiji Foods has raised Rs 3 crore ($464,000) in angel funding from Shekhar Sahu and Kunal Sinha, co-founders of Healthcare Magic, which was acquired by Ebix, reported ET. Founded in 2015, Kiji Foods makes zero-sugar and zero-calories health drinks. It has launched a health drink Fit-o-slim that claims to maintain weight and fitness.
8. Google has launched a new hyper local services app in India – Areo. The app will deliver food and home services for residents in Bengaluru and Mumbai. The app will feature restaurants, chefs, local electricians, painters and so on. Users can pay by card, net banking or cash on delivery.
9. Sanjay Gupta, former chief marketing officer at online furniture seller Urban Ladder, is likely to join cab-hailing company Uber as marketing head for India, reported VCCircle. Gupta will join Uber by next month. Gupta had joined the online furniture seller in February 2016, and helmed its marketing function for a little over a year.
10. Former MD of Zephyr Peacock India Sachin Maheshwari and ZipDial cofounder Amiya Pathak have come together to launch a fintech firm EzCred, that connects lenders with businesses that seek to offer credit at the point of sale. The platform will also enable consumer lending for those who have no credit profiles.
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