Tag: funding
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OYO Raises $660 Million To Repay Past Debts
According to Oyo Hotels and Homes, $660 million was raised by global institutional investors via the term loan financing (TLB) route. Gurugram-based unicorn Oyo Hotels and Homes will use the funds to repay past debts, strengthen it balance sheet, invest in product technology, and to help revive its COVID-hit company. The term loan funding route is […]
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Mirae Asset Venture Launched $35Mn Fund For Indian Startups
South Korean financial services giant and financier in Zomato and Bigbasket to name a few Indian firms, Mirae Asset team is looking to expand its India footprint with a dedicated $35 Mn fund for early-stage Indian start-ups. The Mirae Asset Endeavor Opportunities Fund 1 has actually been launched with a corpus of $35 Mn or […]
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Autonomous Truck Startup Inceptio Technology Raises $120 Million in Funding
Inceptio Technology, a top autonomous truck firm, announced its US$120 million financing directed by Contemporary Amperex Technology Co., Limited (CATL), a worldwide pioneer in the development and production of lithium-ion batteries. This funding is the next successful capital raising in six months since the last announcement of US$100 million in April. The financing helps Inceptio […]
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Patna Based Agritech Startup Agrix Raises Undisclosed Funding From Maple Capital Advisors
Patna Based precision and digital farming startup Agrix raises undisclosed funding from Maple Capital Advisors and other investors. Agrix intends to utilize the capital to scale existing operations and further strengthen its operations and technology platform. “Abhinav Grover, Director at Maple Accelerator, and Samarth Agrawal, Founder of MaxWholesale, also participated in this round. Pankaj Karna, […]
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Uni raises $18.5 million funding from Lightspeed, Accel
Fintech startup Uni has raised $18.5 million (around 136 crore) in seed subsidizing — its biggest in schedule year 2020 — from marquee VC firms Lightspeed Ventures India and Accel Partners India. The organization, which is still in secrecy mode, has been established by Nitin Gupta, who was previously a senior leader at PayU India […]