India’s Awfis raises $30M to grow its co-working spaces business

Speaking of businesses that operate co-working spaces in India, New Delhi-based startup Awfis announced today that it has raised $30 million in a new financing round to expand its footprint in the country. The Series D round for the four-year-old startup was led by ChrysCapital. Existing investors Sequoia Capital India and The Three Sisters Institutional […]

India’s Awfis raises $30M to grow its co-working spaces business

Speaking of businesses that operate co-working spaces in India, New Delhi-based startup Awfis announced today that it has raised $30 million in a new financing round to expand its footprint in the country. The Series D round for the four-year-old startup was led by ChrysCapital. Existing investors Sequoia Capital India and The Three Sisters Institutional […]

India’s Indifi raises $20.4M to expand its online lending platform

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 145 Indian rupees ($20.4 million) in a new financing round to expand its business in India. The Series C round for the four-year-old startup was led by CDC Group, a UK-government-owned VC fund. Existing […]

India’s ride-hailing giant Ola hits the brakes on food delivery business Foodpanda

India’s ride-hailing giant Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. Ola has suspended local operations of Foodpanda, the Indian business of the food delivery startup it acquired in late 2017, according to local newspaper Mint. The move comes as the mobility firm […]

India’s mobile wallet company Paytm now offers a credit card

Paytm, India’s largest mobile wallet app, has branched out to several businesses in recent years. On Tuesday, it added another category to the list: credit cards. The firm, operated by One97 Communications, today unveiled Paytm First Credit Card with lofty benefits as it races to bulk up its financial offerings. The cards, issued by Citi […]

India’s Cashfree raises $5.5M from Korea’s Smilegate, Y Combinator and others

Cashfree, an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round. The deal is led by Korea’s Smilegate Investment with participation from Y Combinator, the U.S. accelerator program that Cashfree graduated from in 2017. The startup previously raised an undisclosed seed […]

India’s Swiggy goes beyond food to offer product delivery from local stores

Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition […]