india

  • Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India

    Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India

    While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4 million Series A led… Read More

  • Ola raises $1.1B led by Tencent to fuel battle with Uber in India

    Ola raises $1.1B led by Tencent to fuel battle with Uber in India

    It’s been a long while coming but Uber’s chief rival in India is finally raising a big round, and joining the billion-dollar round club at the same time. Ola today announced that it has closed $1.1 billion in fresh financing. That’s the largest funding round in the company’s six-year history and its first major raise since November 2015 when it closed $500 million… Read More

  • Vertex Ventures closes new $210M fund for Southeast Asia and India

    Vertex Ventures closes new $210M fund for Southeast Asia and India

    Vertex Ventures, one of the VC funds linked to Singapore’s sovereign fund Temasek, has closed its third investment fund for Southeast Asia and India with a total of $210 million for investment. Vertex Venture Holdings operates five funds across the world, which include vehicles focused on the U.S., Israel and healthcare. This is the third installment of its fund for India and Southeast… Read More

  • Amazon brings Echo and Alexa to India and soon Japan, its first markets in Asia

    Amazon brings Echo and Alexa to India and soon Japan, its first markets in Asia

    As the Echo and Alexa from Amazon continue to set the pace for what to expect from voice-based interfaces and home hubs, Amazon is expanding them to Asia for the first time today. Today, the e-commerce giant announced that Echo and Alexa are now on sale in India, and later this year, they will also launch in Japan. The devices are launching “by invitation” today. Users request these… Read More

  • Facebook helps blood donation go viral

    Facebook helps blood donation go viral

    Facebook doesn’t just want to make it easy to sign up to be a blood donor from the News Feed. It’s also creating a special kind of post for requesting blood donations of a certain type in a certain location, and then notifying nearby donors that qualify. While many people are interested and willing to give blood, they might not know how to sign up, where to go, or have the… Read More

  • Google is reportedly releasing a localized mobile payment service in India

    Google is reportedly releasing a localized mobile payment service in India

    Google is increasing its focus on India with plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken. The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing… Read More

  • India’s Zomato completes long-rumored acquisition of logistics startup Runnr

    India’s Zomato completes long-rumored acquisition of logistics startup Runnr

    Zomato, the global restaurant guide and food on-demand service, has made an acquisition to shore up its delivery business on home turf after it completed a deal for Runnr. The acquisition has been rumored since May and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was previously pegged at $40 million by Indian media, but… Read More

  • Budget hotel network pioneer OYO raises $250M led by SoftBank’s Vision Fund

    Budget hotel network pioneer OYO raises $250M led by SoftBank’s Vision Fund

    India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly differentiated affordable hotels, and providing some structure… Read More

  • India’s Treebo raises $34M for its budget hotel network

    India’s Treebo raises $34M for its budget hotel network

    Treebo Hotels, one of the most prominent members of India’s emerging budget hotel networks, has closed a $34 million Series C round. The deal was led by new backers Ward Ferry Management and Karst Peak Capital, two Hong Kong PE firms, with participation from existing investors SAIF Partners, Matrix Partners India and Bertelsmann India Investments. Before this deal, two-year-old Treebo… Read More

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