10/05/2019 Newsletter

Funding News

Edtech startup Classplus has raised $1.6 million in its pre-series A funding round led by Times Internet* and GREE Ventures. The round also saw participation from Japanese VC firm Spiral Ventures and existing investor Netherlands-based Rising Stars Fund.
Read more on ET Tech

Mumbai-based stock broking company Upstox is in talks with investment firm Tiger Global Management for a $25-million funding round.
Read more on ET Tech

Hiveloop Technology, which owns and operates B2B online marketplace Udaan, has received fresh funding from its Singapore-based parent Trustroot Internet Pte, taking the total financing for India’s youngest unicorn to a little over Rs 400 crore in the last five months.
Read more on ET Tech

Healthcare and supplements startup HealthKart, which owns stores and runs an ecommerce portal, has raised Rs 180 crore led by Belgium-based private equity fund Sofina Group.
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SHR Lifestyles Private Limited, which runs and owns women’s ethnic wear brand Shree, has raised Rs 80 crores equity capital in it’s first outside equity capital raise from Alpha Capital Advisors. Anand Rathi was the exclusive advisor to SHR Lifestyles in the deal.
Read more on YourStory

Logistics optimisation startup Locus has secured $20 Mn in a funding round led by New York-based hedge fund Falcon Edge, VC firm Tiger Global and its existing investors, a source privy to the development told Inc42.
Read more on Inc42

Other News

Bengaluru-based fashion discovery and social commerce startup Wooplr, which has been struggling to find investors, has shut down operations due to the lack of sufficient capital.
Read more on YourStory

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