MSME

MSME

Laundry Start-up UClean Secures Rs 4 cr Angel Funding

Opportunity India Desk Apr 05, 2018 - 1 min read

Tech-enabled laundry start-up UClean has raised Rs 4 crore from angel investor Anubhav Chopra for expansion of its new business vertical 'UClean Select' in India. The company has forayed into premium dry cleaning service with the launch of its first UClean Select store in Delhi. UClean founder and CEO ...

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Blume, Leo Capital Back Diabetes management startup app BeatO

Opportunity India Desk Apr 05, 2018 - 2 min read

Diabetes App BeatO Raises $1.3Mn Funding In a round co-led by Blume Ventures and Leo Capital, Delhi-based Health Arx Technologies Pvt. Ltd operated diabetes management app BeatO, has raised $1.3 million (Rs 8.45 crore). The startup plans to use the money received to ramp up its technology backbone as well as ...

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Sequoia Capital, Other May Back FreeCharge With $30 Mn Funding

Opportunity India Desk Apr 05, 2018 - 2 min read

Mobile wallet FreeCharge is likely to raise the largest series-A financing round for an Indian startup, thus helping the startup to revive its business. FreeCharge's founder KunalShah is in talks to pick up $30 million, or around Rs 200 crore, from venture capital fund Sequoia Capital, along with a bunch of ...

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Brookfield eyes ICICI Tower; Blackstone invests in Salarpuria Sattva projects

Opportunity India Desk Apr 04, 2018 - 2 min read

Canadian alternative asset manager Brookfield Asset Management has gone forward in the negotiation process with ICICI Bank Ltd to acquire the private sector lender’s commercial property in Hyderabad, reports said. “Brookfield has completed due diligence for ICICI Tower, but certain transfer procedures are pending. The deal is valued at Rs 1,000-1,200 ...

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B2B company Power2SME gets Rs 40 crore backing from InnoVen Capital

Opportunity India Desk Apr 04, 2018 - 1 min read

Temasek-backed venture debt firm announced InnoVen Capital has finalised its intent to invest Rs 40 crore to small and medium enterprises focused B2B e-commerce platform Power2SME. This is the third credit financing commitment undertaken by the country’s largest venture debt firm towards Power2SME. It had earlier advanced Rs 11 crore to ...

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Former Dentsu India chairman Sandeep Goyal picks up stake in Sync Media

Opportunity India Desk Apr 03, 2018 - 2 min read

Mogae Media Chairman and former Founder Chairman of Japanese advertising major Dentsu India Sandeep Goyal have acquired 10% stake in ad-tech platform Sync Media. According to a press statement, the transaction valued the company at a pre-money valuation of $3 million (Rs 19.5 crore). As part of the deal, Goyal’s daughter, ...

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East Bridge Capital Raises Stake To 9.7% In Fortis Hospital

Opportunity India Desk Apr 03, 2018 - 2 min read

Private Equity firm Eastbridge Capital has raised its stake in Fortis Hospital that will give it voting rights after the hospital chain announced demerging the listed entity into Manipal Hospital. According to its filings to SEBE, Eastbridge has raised its stake from the current 5.79 percent to 9.73 percent. Last week ...

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SoftBank, Alibaba Back Paytm Mall With Rs 2,900 Cr Investment

Opportunity India Desk Apr 03, 2018 - 1 min read

Paytm Mall, the e-commerce arm of Paytm has secured close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that valued at US $2 billion. According to a regulatory filing by Paytm e-commerce, an aggregate amount of US $400 million (about Rs 2,600 crore) has ...

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Tech News Startup FactorDaily Raises Rs 5.7 Cr In Fresh Funding

Opportunity India Desk Apr 02, 2018 - 1 min read

Freshworks founder Girish Mathrubootham and existing Paytm founder Vijay Shekhar Sharma have invested Rs 5.7 crore ($875,000) in a fresh funding round in Bengaluru-based digital media platform FactorDaily has secured, filings with the Registrar of Companies show. The company’s other existing investors venture capital firms Blume Ventures and Accel Partners also ...

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Aavishkaar, Others Back Altum Credo With Rs 64 Cr Funding

Opportunity India Desk Apr 02, 2018 - 1 min read

Pune-based housing finance startup Altum Credo has received a commitment of Rs 64 crore from leading impact investor Aavishkaar Ventures and a group of high-net-worth individuals, including PS Pai, former executive chairman of Murugappa Group in the wake of growing investor interest in the affordable housing sector. A person close to ...

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