Indian startups have raised a record $11.3B this year

With two months of 2019 still to go, Indian tech startups are already having their best year as a record amount of capital flows into the local ecosystem in a major rebound since the darkened funding environment in 2016. The unlisted tech startups in India have raised $11.3 billion this year, a substantial jump from […]

Dara Khusrowshahi says Uber remains committed to India but offers no concrete plans

Uber said on Tuesday that it has won a bid to work with subway system in India’s capital in one of its rare announcements in India, a key overseas market where it is facing an upheaval battle with local giant Ola. The ride-hailing giant said it has partnered with Delhi Metro Rail Corporation to deploy […]

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 […]