This week, QikPod raised $9 million from Foxconn, Accel Partners, Flipkart and Delhivery. Mumbai-based character merchandising startup, Superhero Brands, raised about $458K in its Pre-Series A round. There were many other acquisitions and fundings that made the rounds this week. Lets take a look at some of the news which made headlines in the startup space.
1. Tiger Global Management raises $2.5 billion new global fund
One of the most sought after and influential investors in the Indian startup sector, Tiger Global Management, has started a new global fund of $2.5 billion for investments in private companies. This has come up through a filing with the US regulator Securities & Exchange Commission (SEC).
2. Delhi Based Wigzo Raises $500K in pre-Series A round led by Aarin Capital
New Delhi-based Wigzo, an enterprise marketing automation suite, has raised $500,000 (Rs 3 crore) in a pre-Series A funding round led by Aarin Capital Partners, a VC fund co-founded by former Infosys director TV Mohandas Pai. AdvantEdge Partners, Singapore Angel Network, Sachin Bhatia (angel investor), Akshay Garg (co-founder, Komli Media) and ah! Ventures have also participated in this round of funding.
3. Hotel bookings app RoomsTonite gets $1.5M in angel funding
RoomsTonite, a mobile app for last-minute hotel bookings, has raised $1.5 million (Rs 10 crore) in seed funding from a bunch of angel investors. Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul Rehman Al Khalifa, chairman of Caravan Group; and Ralph Berezan of Berezan Group of Canada invested in this round.
4. Hotel booking startup ZenRooms raises funding from Rocket Internet and Ooredoo
Online venture for booking branded budget hotel rooms, ZenRooms has raised undisclosed amount in funding from a joint venture of Germany’s Rocket Internet and Qatar-based telecom operator Ooredoo.
5. Quikr all set to Acquire CommonFloor for $100-120M
CommonFloor.com which has been running from eight-years as an independent company is finally coming to an end. Online classifieds player Quikr may buy real estate portal CommonFloor.com for an estimated USD 100-120 million. According to sources, Quikr and CommonFloor.com are at an advanced stage of discussion and the stock-and-cash deal is expected to be completed soon.
6. Education Startup CollegeDekho receives USD 1M as seed funding from Girnar Soft
CollegeDekho, is an online platform that connects colleges with students. CollegeDekho recently raised a seedfunding of USD $ 1 million from GirnarSoft. GirnarSoft, the parent company of India’s online automobile marketplace CarDekho.com, recently invested US $1 million in education start-up.
7. Ravi Gururaj’s Qikpod Raises $9 Million From Foxconn, Accel Partners And Others
QikPod, a startup that offers locker services to courier and e-commerce companies, is raising $9 million (Rs 60 crore) from Foxconn, Accel Partners, Flipkart and Delhivery. Founded by Ravi Gururaj, a serial entrepreneur,aims to help e-commerce players by easing the delivery process.
8. Merchandising Startup, Superhero Brands raises Rs 3.6 crore
Mumbai-based character merchandising startup, Superhero Brands, has raised about $458K (INR 3.6 Cr.) in its Pre-Series A round of funding from Deepak Shahdadpuri-led, consumer-focused early-stage venture capital firm DSG Consumer Partners. Besides, Lead Angels, UK-based The Character Group and number of angel investors also participated in this round.
9. Bike ride Hailin app, Baxi raises Rs 10 crore as seed fund, from a group of High Net worth individuals
Baxi, the bike ride-hailing app, has raised Rs 10 crore in funding from a number of high-profile investors, making this one of the largest seed rounds raised by an Indian startup, still in stealth mode.
10. Ratan Tata backed startup Kaaryah raises pre-Series A funding from Mohandas Pai & Saha Fund
Western non-casual wear online brand for women Kaaryah has secured an undisclosed amount in pre-Series A funding from Mohandas Pai and The Saha Fund.