11/07/2019 Newsletter

Funding News

 

Natco Pharma chairman and managing director V.C. Nannapaneni, in his personal capacity, has invested an undisclosed amount in electric vehicle start-up Pure EV.
Read more on The Hindu

 

HealthAssure Pvt. Ltd, an online aggregator of primary healthcare services, said on Tuesday it has raised $2.5 million (Rs 17.15 crore) from early-stage venture capital firm Blume Ventures in its Series A round of funding.
Read more on VC Circle

 

As we enter the second half of 2019, with all-new Union Budget announcements, there’s a palpable sense of excitement in the air in the startup ecosystem. The next six months will be crucial for the Indian ecosystem as the government will be initiating regulations that are likely to affect taxation, ESOPs, differential voting rights and more.
Read more on INC42

 

Mumbai-based Indus OS, raised Series B funding of $5.75 million from the investment arm of Samsung and existing investors Ventureast. This marks Samsung Ventures Investment Corporation’s (SVIC) first investment in India.
Read more on YourStory

 

Edtech unicorn BYJU’S on Wednesday announced it has raised $150 million investment led by Qatar Investment Authority (QIA). The round also saw participation from Owl Ventures, a leading investor in education technology. This is the first-ever primary investment from Owl Ventures in India.
Read more on YourStory

 

MogliLabs, which owns and operates B2B industrial goods marketplace Moglix, has raised $60 million (about Rs 412 crore) in its latest funding round led by Tiger Global Management and Sequoia Capital.
Read more on ET Tech

 

Walmart Labs, the technology arm of US retail giant Walmart, has acquired two Bengaluru-based startups – FloCare and BigTrade – for an undisclosed sum.
Read more on ET Tech 

 

Other News

 

India will review the taxation of employee stock ownership plans (Esops) to address issues that curb their effectiveness as a compensation tool, said a senior finance ministry official.
Read more on ET Tech 

 

Tiger Global Management has examined at least a dozen deals with Indian startups in recent months, according to multiple people with knowledge of the talks, illustrating global investors’ fierce interest in the country’s technology ecosystem.
Read more on ET Tech 

 

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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.

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