10/07/2019 Newsletter

Industry News

Indian startups have urged the government to intervene for solving issues ranging from faster tax refunds to altered rules around employee stock options.
Read more on ET Tech

Funding News

A91 Partners has closed a $351 million fund, the Mumbai-based firm said on Tuesday, one of the largest maiden domestic funds raised by Indian general partners.
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Vogueme Technologies, which owns and operates interactive video platform Toch, has raised an undisclosed sum in a pre-Series A funding round that has been led by a clutch of investors, including, Hyderabad Angels, Mumbai Angels and other high net-worth individuals.
Read more on ET Tech

Fintech startup NiYO Solutions has raised $35 million (about Rs 240 crore) in its latest round of funding, led by existing backer Horizons Ventures, with Chinese internet behemoth Tencent Holdings also joining its cap table as a new investor
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House of Masaba, a bridge-to-luxury fashion label founded by designer Masaba Gupta, has raised $1 million in first round of funding led by Flipkart cofounder Binny Bansal.
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Cornerstone Venture Partners Fund – I started by ex-Reliance Industries executives, Rajiv Vaishnav and Abhishek Prasad has invested $1 million each in two early stage B2B tech startups, Wigzo and IntelligenceNode Consulting.
Read more on ET Tech

Grocery and milk delivery startup, Milkbasket has acquired PSR supply chain for an undisclosed amount in its attempt to grow its customer base and expand footprint in Bengaluru.
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Bengaluru-based B2B online marketplace Udaan, which is owned and operated by Hiveloop Technology, has raised another Rs 34.42 crore from its Singapore-based parent Trustroot Internet.
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.