09/07/2019 Newsletter

Funding News

Bengaluru-based social-audio platform Headfone has raised $750,000 in a seed round, led by Fosun RZ Capital. The company is planning to build its team and improve its recommendation engine with the money and scale across India.
Read more on ET Tech

Bulge-bracket private equity firm Carlyle Group is in advanced discussions to invest an estimated $45 million (about Rs 308 crore) in news and content application Daily Hunt, as the Bengaluru-based company looks to delve deeper into the vernacular content space, while continuing to stave off competition from its deep-pocketed Chinese rivals.
Read more on ET Tech

Edtech startup Board Infinity has raised Rs 2.2 crore in an angel round from a clutch of angel investors. The Mumbai-based startup said it will use the funds in improving the technology platform and expand its current learner base in Tier II and III cities.
Read more on YourStory

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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.