Online food ordering platform Swiggy has raised $113 million, led by existing investor South African internet giant Naspers. The latest capital raising values the company at nearly $3.6 billion. The fund infusion is part of a larger $150 million funding round, sources said. Other existing investors, Hadley Harbour Master Investments and Chinese local services platform Meituan, also participated in the round, according to filings with the Ministry of Corporate Affairs. Read More..
Education technology startup Unacademy has raised $110 million from social networking giant Facebook and US private equity firm General Atlantic, at a post-money valuation of $510 million. Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also participated in the round, apart from investments by Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar in their individual capacities. Read More..
Education technology platform Udemy on Thursday said Benesse Holdings has agreed to invest $50 million (about Rs 358 crore) in the company. The deal values Udemy at $2 billion, according to a company statement. The company plans to further invest in markets around the world and will expand its San Francisco headquarters as well as grow its offices in Denver, Colorado; Dublin, Ireland; Gurgaon, India; Sao Paulo, Brazil; and Ankara, Turkey, it added. Read More..
Sequoia Capital India has led a $32 million (about Rs 229 crore) funding round in digital adoption solutions provider Whatfix, the San Jose-headquartered company said on Wednesday. The six-year-old company’s existing set of investors — Eight Roads Ventures, the proprietary investment arm of Fidelity International, F-Prime Capital, the US-based sister fund of Eight Roads Ventures and Cisco Investments — also participated in the Series C round. Read More..
Venture dent fund, Alteria Capital has invested $11 million in Bengaluru-based startup Dunzo, a hyperlocal delivery startup. The debt will help the the company scale in existing geographies while retaining value for its existing shareholders, including employees, as per a press statement. Read More..