This week saw Rahul Yadav getting back in action, with his plans for the new startup and senior executives of Housing.com leaving to join Yadav’s new startup. Lets look at some of the news which made headlines this week in the startup world.
1. Housing’s senior executives leaves to join Rahul Yadav’s new startup
Based on the sources, Pratik Seal, Azeem Zainulbhai, chief of staff at Housing, who were taking care of the finance function at Housing and Suvonil Chatterjee, Chief Design Officer at Housing have left the company.
Also, Azeem and Suvonil have joined Rahul’s startup as co-founders which is among 6 other senior level people left to join him.
2. Used vehicles marketplace CredR Raises $15M in Series A from Eight Roads Ventures
CredR has raised $15 million (Rs 100 crore) in Series A round of funding from Eight Roads Ventures (earlier Fidelity Growth Partners India), according to a press release.
3. Zapyle, a platform to buy & sell pre-owned fashion products for women raises $1M
Zapyle, a platform to buy & sell pre-owned fashion products for women has raised USD 1 million in seed funding from Real Estate and Investment companies.
The funding will be used towards expanding its operation, enhancing its mobile application and hiring the best talent.
4. Cab-hailing firm Uber Raises Another $1.2 Billion
Cab-hailing firm Uber has raised another $1.2 billion in venture capital from Chinese investors, Mr. Kalanick said, the latest in a rolling round of financing. The new capital will be used increase Uber’s ride sharing business in China. This brings the valuation of Uber to $51 billion, making it the highest ever valuation for a venture backed company.
5. Multilingual test prep startup, OnlineTyari secures $5M From 500 Startups, Mohandas Pai
OnlineTyari, the multilingual test preparation app has secured USD 5 million in an angel round of funding from investors 500 Startups, Tandem Capital, TV Mohandas Pai, Vikram Chachra of Eight Capital and Aloke Bajpai of Ixigo.
6. Industrybuying, an online B2B marketplace raises $9 Mn from Saif, Kalaari & Beenext
Industrybuying.com, a B2B online marketplace for industrial material, has raised USD 9 million in Series B round of funding. The round was led by Bangalore-based Kalaari Capital and its existing investor SAIF Partners. Beenext, which was recently launched by Teruhide Sato, also participated in the round.
7. Kalaari Capital launches $290mn fund for Indian startups
In a recent development, Kalaari Capital has launched $290mn fund for Indian startups. This is the third fund launched by Kalaari in nine years. The two funds that were launched earlier have been fully invested in 60 startups in the country.
8. Rahul Yadav To Launch Data Analytics Startup,his new venture
Rahul Yadav’s unnamed new venture will be a data analytics and visualisation firm, whose product is likely to be used by ecommerce companies on day-to-day basis, the report said.
9. Japan’s Beenos Group raises $60 million for Indian Startups
As a major boost to India’s startup dream Japan has started taking interest in the scenario that is developing. As a latest development Japan’s Beenos Group, a global conglomerate that consists of a business incubator, has launched a $60-million fund for early stage startups in India, Southeast Asia, Japan and the US.
10. Zomato raises $60M in latest funding, now valued over $1 billion
Zomato, the leader in the food startup space has just raised USD 60 million in a fresh round of funding from Singapore government’s investment company Temasek and existing investor Vy Capital.