India Deals: Logistics Solutions Provider Roambee Raises $4.1M in Series B Round & 14 More Updates

Singapore-based private equity firm Axiom Asia Private Capital plans to invest up to 15% of its new $1.03 billion fund in India.

Photo Credit : ShutterStock,

Here is a list of deals that happened in Indian Startup Ecosystem including funding, merger, acquisition, product launch & appointment etc.

1. Just two months after raising $12 Mn round from Anil Ambani’s Reliance Group, Gurugram-based real estate portal Square Yards has received another $10 Mn from a group of HNIs. Read More

2. Edtech startup BYJU's is reportedly in talks to acquire US-based gaming and learning startups to expand its footprints internationally. Read More

3. YES BANK has announced the launch of a business accelerator programme – YES FINTECH (YFA) for fintech startups. The initiative is in association with T-Hub Hyderabad and Anthill Ventures, with Lets Talk Payments (LTP). Read More

4. The private equity arm of IDFC Group, IDFC Alternatives has announced to launch its fourth fund with a corpus of $100 Mn. With this fund, IDFC is looking to invest in approximately 10 startups with a ticket size of around $30-50 Mn. Read More

5. Indian Foreign Minister Sushma Swaraj has reportedly asked ecommerce giant to apologise for insulting the country’s National Flag. The demand came in after a Twitter user shared that company’s Canadian unit was selling doormats bearing the likeness of the Indian flag. Read More

6. Mumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding. Read More

7. Fashion marketplace has appointed ex-Groupon executive Himmat Singh Padode as its chief data scientist. Read More

8. After disrupting the telecom market with free calls and data, Reliance jio may now launch two sub-Rs 1,500 4G VoLTE handsets. Read More

9. Bengaluru-based Nxtify Technologies Pvt Ltd, which runs deal discovery and cashback platform, has secured an undisclosed amount of funding led by Vividhity Ventures. Read More

10. Noida-based software firm RateGain is looking to acquire at least two firms in the UK or the US this year for about $50 million. Read More

11. Swiss speciality chemicals maker Clariant AG is in advanced talks to acquire Mumbai-based chemical manufacturer Galaxy Surfactants Ltd. Read More

12. Singapore-based private equity firm Axiom Asia Private Capital plans to invest up to 15% of its new $1.03 billion fund in India. Read More

13. Skillveri Training Solutions Pvt Ltd has raised an investment of Rs 8 crores from the Michael & Susan Dell Foundation, together with Ankur Capital. Read More

14. Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space. Read More

15. Airtel Payments Bank, India’s first payments bank, today commenced national operations with services now LIVE in all 29 States of India. Shri Arun Jaitley, Hon’ble Union Minister of Finance and Corporate Affairs formally launched Airtel Payments Bank’s national operations today, marking a major milestone in the history of India’s financial services sector. Read More

Around The World