1. MetaWave raises $10 million from Hyundai, Toyota
Smart radar startup Metawave has raised $10 million in a funding round which had many major players from the automobile industry. Started in 2017, Metawave builds wireless systems to provide smart radar platforms for autonomous driving.
2. PayPal buys another payments gateway startup
Paypal is looking aggressive with its approach towards payment gateway startups. The company has revealed that it is buying a Swedish startup named iZettle for $2.2 billion.
3. Swiggy in talks to raise $250 million
Online food delivery startup Swiggy is considering to raise $250 million funding. If this happens, Swiggy’s total valuation will cross $1 billion giving it a unicorn status. Existing investors are not looking to raise any more fundings.
4. Automobile startup Droom raises $30 Million
Gurugram based automobile products selling startup Droom has successfully raised $30 million in Series D round of funding led by Toyota Tsusho Corp and Digital Garage. Investors from China, Hong Kong, and South East Asia participated in this funding round.
5. Bengaluru-based healthcare startup raises $4.2 million
Online healthcare startup mfine has raised $4.2 million in a Series A funding round led by Prime Venture Partners. Existing investors also participated in the funding round. Started in 2017, mfine helps patients to get online consultations through the app.
6. Flipkart-Walmart deal turns Rs 155crore investment to Rs 880crore
Azim Premji, the co-founder of Wipro has made Rs 880 crore from the Flipkart Walmart deal. He invested Rs 155 in Myntra in 2014. After the investment, Flipkart acquired Myntra and Walmart raised its value to $21 million.
Also Read:This Angel Investor Has Made Rs 100 Crore From Rs 10 Lakh Investment in Flipkart
7. 20 Indian companies selected for expansion in London
20 Indian fast-growing startups have been selected for Mayor of London’s IE20 business programme. These 20 got finalised after competing with 300 startups.
8. IIM Ahmedabad launches $25 mn initiative to fund startups
IIMA has launched a launched a $25 million ‘Bharat Inclusion Initiative for mentoring early-stage startups in India. the main aim of this programme is to solve the financial problems for the urban poor families in India who do not have money to start something.
9. Nykaa raises Rs 165 crore in Series D funding
Nykaa seems to be getting a lot of attention from investors, only a few days have passed since its last funding of Rs 75 crores and this beauty startup has raised Rs 165 crores in a Series D round of funding.
10. Foxconn writes off $40 million from Snapdeal
FIH Mobile, a subsidiary of Foxconn has written off $40 million from its total $200 million investment in Indian e-commerce startup Snapdeal. The decision has been made due to loss of $160 million faced by FIH in Snapdeal’s parent company Jasper Infotech.
