Venture Pulse | 17 Feb | KKR, PayTM, Zilingo, Svasti

KKR in talks to invest in Emami; Temasek may inject fresh funds into Pine Labs Paytm Pledges All Assets To ICICI Bank To Borrow $196 Mn Oyo raises $100M from Chinese Didi’s investment armZilingo raises Series D funding from Temasek.Read more.


Venture Pulse | 27 Jan | Sheroes, Rapido, Trubil, Oyo

OYO Expands To Phillippines, Begins Partnering With Hotels In Manila.Half Of Google India’s $154 Mn Ad Spend In 2018 Went To Offline Activities.Rapido raises Series A from HK based fund.TrueBil raises $6M from Japanese investor.Read more.


Hinduja Global Solutions acquires US-based AxisPoint for $14m

Hinduja Global Solutions Ltd (HGS) has acquired US-based health management company CMH Services Subsidiary LLC, which operates under the name  AxisPoint Health, for $14 million. AxisPoint Health offers care management, nurse advice line and analytics services, including CarePoint, GuidePoint and Analytix. With around 400 employees, the company’s revenues for the 12 months ended December 2017…


1Crowd marks first close of its maiden venture fund at $3.5m

Early-stage investment firm 1Crowd has announced the first close of its maiden venture capital fund at Rs 23 crore ($3.5 million). The fund is targeting a corpus of Rs 75 crore ($11.5 million) including a greenshoe option of Rs 25 crore. Founded in 2015, the Mumbai-based investor started off as an equity crowd funding platform. It now…


NestAway raises $51 million from Goldman Sachs, others

Home rental network NestAway Technologies has raised $51 million (about Rs 330 crore) from investors including Goldman Sachs and a joint venture firm of noted industrialist Ratan Tata. UC-RNT Fund, a joint venture between Tata Son’s chairman Emeritus Ratan Tata’s RNT Associates and the University of California, also participated in the fourth round of funding. Existing…


Zomato receives $150 million funding from Alibaba unit

A unit of China’s Alibaba Group Holding Ltd has invested $150 million in Zomato, valuing the Indian food search and delivery service at more than $1 billion. Ant Financial Services Group, Alibaba’s payment affiliate, is also buying $50 million worth of shares in secondary purchases as part of the transaction.Zomato, which provides services across 24 countries,…


Google Announces Integration Of SBI On Its Digital Payments App Tez

Google-owned UPI-based digital payments app, Tez, will now integrate with SBI (State Bank of India) and let users create an SBI Unified Payments Interface (UPI) id- @oksbi. As part of the partnership, Tez users will be also able to access exclusive offers if they are SBI customers.Tez along with SBI will focus on building unique propositions…


Citi Ventures, PNC invest $6 million in HighRadius

The fresh funding would be used for technology development, according to senior executives from Highradius on the condition of anonymity. The United States-based company had earlier secured a $50 million funding from Susquehanna Growth Equity in September last year to expand its cloud-based integrated receivables solutions globally. According to the company, nearly 50% of B2B…