01/05/2019 Newsletter

Funding News


Japan’s SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports.
Read more on ET Tech


Acciojob, a Gurgaon-based startup which provides placement services to students, colleges, and companies, has raised Rs 1.25 crore in a funding round led by a domestic family office Mehta Ventures.
Read more on ET TEch


Lending startup Progcap, which caters to last mile businesses, has raised Rs 7 crore in seed funding led by grows ventures, a B2B- and deep tech-focused early-stage venture fund. Contrarian Drishti, along with angel investors Somak Ghosh and Abhishek Dalmia also participated in the round.
Read more on ET Tech


Three angel investors have invested an undisclosed amount in Housr, the yet-to-be-launched co-living startup that has already been valued at $30 million.
Read more on ET Tech


Gurgaon-based smart energy solutions provider ZunRoof announced that it has raised $1.2 million in its pre-Series A round from Godrej. The company plans to utilise the fresh capital for expansion and further strengthen its product portfolio.
Read more on YourStory


Other News


Moscow is the 10th best city in the world for startups, followed by Bengaluru, StartupBlink Startup Ecosystem Ranking said on Tuesday.
Read more on ET Tech


Online lending startups have seen a 20-30% jump in user acquisition costs over the last few months, multiple industry executives told ET, as both banks and fintech companies aggressively chase consumers through social media channels.
Read more on ET Tech
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