The startup’s mobile app allows users to hire vehicles for relocation or to move perishables, ecommerce deliveries and even construction supplies.
Info Edge said in a filing to the exchanges that it is investing its “proportionate share of Zomato’s recent fundraise of $50 million”.
Ola ropes in DST Global and Falcon Edge Capital to participate in a new round of funding of Rs 2,500 crore
The deal values the Bengaluru-based Ola at about Rs 15,000 crore, or $2.5 billion, according to multiple sources familiar with the development.
"We entered the online lending space recently. We plan to commit significant investment to building this aspect of our business,"
ET was the first to report last month that Quikr is set to raise Rs 900 crore from existing investors and Steadview Capital.
Pharmaceutical retail chain Wellness Forever has raised Rs 20 crore from HNIs to 120 from 70 stores in the next one year.
Bigger companies like Flipkart, Snapdeal, others poach app developers from smaller firms like Namakh
Finding the right engineering talent has become a bugbear for India's startups, as heavily funded ecomm cos battle for command.
The fund-raising by IVFA,is significant also because the entire PE industry in India raised just $800 million across five fund in whole of 2014.
AppsDaily distributes apps through a retail network of 7,000 mobile stores across 700 cities to new smartphone users.
Tiger Global Management sold a 3.4% stake in Justdial for Rs 300 crore reducing its holding in one of its earliest portfolio firms in country to about 9%.
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