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SHOPKIRANA FUNDING
Info Edge commits Rs 250 cr in deep-tech AIF; exits Shopkirana via share-swap deal with TIPLInfo Edge is set to invest up to Rs 250 crore in an alternative investment fund. This fund will back early-stage deep-tech companies in Ind...- Info Edge commits Rs 250 crore to deeptech fund; sells Shopkirana stakeInfo Edge, which was an early investor in Zomato, said the fund will be sponsored and managed by Info Edge’s subsidiary Smartweb Internet S...
- Udaan buys ShopKirana; Paytm Money’s new CEOB2B platform Udaan has acquired retail tech startup ShopKirana. This and more in today’s ETtech Top 5.
- Udaan acquires retail tech startup ShopKirana for $88.5 million in stockUdaan has strategically acquired ShopKirana in an all-stock deal to bolster its eB2B presence before its IPO. This move will enhance Udaan'...
- Incubate Fund Asia announces third fund, rebrandingThe Singapore-based fund also said it is rebranding itself as Incubate Fund Asia. Previously, as Incubate Fund India, it only backed domest...
- Logistics startup Ripplr raises $40 million in funding led by Fireside VenturesStarted in 2019, Ripplr offers a plug-and-play service for brands to distribute their products to kirana stores. It has operations across 1...
- B2B FMCG wholesale startup ApnaKlub raises $16 million in fundingTrueScale Capital, ICMG Partners lead round. ApnaKlub will use the money to improve its technology and sell its services to more kirana sto...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- SoftBank-backed ElasticRun’s revenue doubles to Rs 1,087 crore in FY21The company, which sells FMCG products to kirana (corner) stores, said it was in “the process of expansion of the distribution network pan-...
- ElasticRun raises $330 mn led by SoftBank, Prosus Ventures, Goldman SachsThe company has tripled its valuation from $400 million to $1.5 billion after the funding round, cofounder and CEO Sandeep Deshmukh told ET.
- ETtech Deals Digest: Bharti Airtel, Swiggy, Moglix raise fundsTelecom major Airtel, food delivery platform Swiggy and Ola Electric were among the startups/companies that raised funding this week.
- Shopkirana raises $38 million led by Info Edge, Oman India, Sixth Sense VenturesShopKirana works directly with brands and gives them a boost on distribution with market intelligence. It currently works with 50,000 kiran...
- Info Edge Ventures raises Rs 375 crore from Temasek as part of larger fundThe move by Temasek is aimed at getting a foot in the door in India’s burgeoning early-stage startup investing ecosystem in the country.
- Jumbotail, NinjaCart raise more as B2B Ecomm finds loveNinjaCart, which connects farmers directly with businesses by cutting out middlemen, issued 300 debentures to Trifecta Capital for a total ...
- Japan's incubate fund backs fintech startup Olly-creditOlly is a niche offering that works for blue collared employees aiding them with their month-end expenses on essentials like groceries and ...
- Japanese investors look to bet their money on Indian startupsSeveral Japanese funds that have entered India in the last 2 years are expanding fund allocations for the country and accelerating their pa...
- Another Japanese VC looks to incubate startup dreams hereThe investment firm plans to step up investment activity this year with 10 to 12 more investments in the next 10 months, confirmed Nao Mura...
- Japan's fund places first bet on ShopKirana"The grocery market in India is mostly supported by small businesses like Kirana stores..... we are very happy to join ShopKirana's journey...
- Ventures aiming to wire up millions of small retailers face a hard climb to profitsBurdened with a disorganised back end and resultant stock-outs, these kirana store owners are fighting where larger businesses are growing.
- Shopkirana raises funds from former top executives of Samsung, Mondelez and Hola ChefShopKirana is a mobile application that can be used by retailers to order goods and pay cash at the time of delivery.
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