Venture capital firm Lightbox has led a $35 million (about Rs 250 crore) equity and debt funding round in Chennai-based agri-tech supply chain company WayCool Foods, showcasing the growing interest of risk capital investors in the greenfield sector. Read More..
Two well-entrenched Chinese investors — Xiaomi and Shunwei Capital, which also share deep linkages — have struck their first deals in the new calendar year in the Indian startup ecosystem. Shunwei Capital has co-led a $5.5 million (about Rs 40 crore) investment round in regional language podcast app Kuku FM. Separately, Xiaomi, has invested Rs 42 crore in WorkIndia, an online and mobile-based platform that connects companies with blue collar employees. Read More..
Gurugram-based fleet management company Fleetx.io has raised $2.8 million in a Series A round led by Singapore-based Beenext, alongside existing investor I ndia Quotient. Snapdeal founders Kunal Bahl and Rohit Bansal, Rajesh Ranavat (MD, LiFung Capital) and Rohan Ranavat (Investor, Temasek Holdings) also participated in the round. Read More..