This week, Swiggy has raised around $15 million led by US-based venture capital firm Bessemer Venture Partners in Series D round of funding. Mumbai-based furniture and home marketplace Pepperfry has raised about INR 210 Crore in a fresh round of funding.
Here are 8 funding and acquisition news which made headlines in the startup space,
1. Co-working space provider CoLife raises $1 million in angel funding
CoLife Advisory Pvt. Ltd, which operates a network of shared living and working spaces under CoLive247.com and CoWork247.com, has raised $1 million in seed funding from a group of undisclosed angel investors. The startup will use the funds to support its growth plans in the coming months. CoLife is targetting 10,000 keys within the next couple of years. It also plans to expand its operations to Hyderabad, Pune, and Gurugram after consolidation in Bengaluru.
2. Swiggy raises $15 million from Bessemer Venture Partners
Swiggy, a food ordering and delivery company based out of Bangalore, India. which is well known for providing a complete food ordering and delivery solution from the best neighbourhood restaurants to the urban foodie, has raised $15 million led by US-based venture capital firm Bessemer Venture Partners in Series D round of funding.
3. Online book portal eQuickes raised Rs 2 crore from Lothal Ventures
Lothal Ventures invested Rs 2 crore in Ahmedabad-based student book selling platform eQuickes.com. The start-up sells only educational books and study material on its portal. It also allow students to exchange old books, find coaching class and also get college news updates. It will also provide other services like book information, find PG & hostel prices as well as allow students to donate their books.
4. Ride hailing app Grab raises $750 million in funding
Grab, the biggest rival to ride-sharing service Uber Technologies Inc in Southeast Asia, has raised $750 million in a funding round led by Softbank. Grab was founded in 2012 by Anthony Tan and Hooi Ling Tan (no relation) as MyTeksi, a mobile app for booking taxi rides in Malaysia, the founders’ home country.
5. Pepperfry raises Rs 210 crore from existing investors
Mumbai-based furniture and home marketplace Pepperfry has raised about INR 210 Crore in a fresh round of funding from its existing investors Goldman Sachs, Bertelsmann India Investments (BII), Norwest Venture Partners (NVP), and Zodius Technology Fund.
6. Gardening portal Ugaoo to raise Rs 3 Crore from Seed Company Namdeo Umaji
Seed company Namdeo Umaji will be investing Rs 3 crore in its ecommerce venture, Ugaoo.com, a gardening and farming portal. Ugaoo that focuses on gardening and landscaping market was launched earlier this year. The funds raised from this round will be used to meet the demand from the agriculture sector, strengthening the infrastructure and product offerings.
7. Gadgetwood, a mobile repair startup raises $6 million from Carpediem Capital
Gadgetwood, a Delhi based on-demand repair services & refurbishment startup which was launched in April 2013 has raised about $6 million as funding from Carpediem Capital. Founded by Jayant Jha, Ankit Saraf and Anmol Gupta, Gadgetwood offers repair and support services for mobiles and tablets across all brands.
8. Hashtaag raises $1 million in Angel funds
As per latest inputs, Hashtaag a mobile consultancy, design and development firm has secured $1 million in angel funding. The company was founded by Krishna Vemula and Jayavardhan B N in 2015. It employs over 40 mobile app developers, designers and support staff.