30/04/2019 Newsletter

Funding News

Singapore-based Jungle Ventures has made the first close of its third fund, estimated at about $175 million, with the early-stage venture capital firm, which has made a string of bets in India, onboarding a number of marquee institutions as anchor investors.
Read more on ET Tech

Artificial Intelligence-based regional voice platform MiHup has raised Rs 12.5 crore in funding from Accel Partners India and Ideaspring Capital, riding on the buzz around local language technology startups in the industry.
Read more on ET TEch

Global industrial IoT platform Altizon has closed a $7 million funding round led by TVS Motor Company (Singapore) Pte. Limited, the Singapore subsidiary of TVS Motor Company.
Read more on ET Tech

Flipkart co-founder Sachin Bansal, who made a personal fortune of close to $1 billion after selling the online retailer to Walmart last year, has found a new calling in debt deals.
Read more on Mint

Mumbai-based digital lending startup InCred has closed its Series A round at $85.89 Mn (INR 600 Cr). The funding round was led by Dutch development finance institution FMO with participation from US-based asset manager Moore Capital, India/Latin America-focused PE fund Elevar, and Alpha Capital.
Read more on Inc42