#TodayDeals: Axilor Ventures Launches $30M Seed Fund, Swiggy to Buy Micro-delivery Platform SuprDaily & More
Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
1. Kolkata-headquartered Wow! Momo, a chain of fast food restaurants, has raised a fresh investment of Rs 3 crore from William Bissell, Managing Director, FabIndia, puts the company's valuation at around Rs 300 crore.
2. Subscription-based micro delivery startup DailyNinja has raised $3 million in a fresh round of funding led by Saama Capital with participation from existing investor Sequoia Capital.
3. Investment firm and accelerator Axilor Ventures launched a $30 million seed fund to invest in pre-Series A and Series A deals.
4. Swiggy is in advanced talks to acquire micro-delivery platform, SuprDaily. The deal is expected to materialize in the next two-three weeks, reported Entrackr.
5. Truecaller has acquired the Indian payments app Chillr to strengthen its payments business in the country.
6. Paytm Mall has received the final tranche of about $225 million from SoftBank (pumped in ~$200M) and Alibaba (Invested $25M), reported TOI. This funding amount is a part of $445 million investment announced by SoftBank and Alibaba in Paytm Mall in April.
7. Mutual Fund Investment Platform Nivesh.com Raises Rs 3 Cr in Seed Funding
8. Actor and Television Personality Rannvijay Singha Invests in Online Lifestyle Media Platform, What's Up Life
9. Technology-led Ayurveda platform NirogStreet raises $300k from Japanese Venture Fund Spiral Ventures & Others
10. Toyota Motors has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab
11. Online food ordering and delivery platform Swiggy is expanding its operations to Lucknow.
12. PE firm Paragon Partners has invested Rs 75 crore ($11 million) in Chennai-based women’s fashion brand eShakti.
13. NITI Aayog has reportedly given permission to 3,000 additional schools to set up Atal Tinkering Labs under its Atal Innovation Mission (AIM).
14. Supply chain finance startup CredAble has raised Rs 100 crore in series A funding from Alpha Capital.
15. Global card firm Visa has decided to cut the charge it levies on domestic debit card transactions.
16. Amazon plans to debut its audio book and entertainment business Audible in India during the Diwali period, reported ET.
17. BankBazaar’s Operating Revenue Recorded 91% Increase in FY18 While Losses Shrunk to 34%
18. Drivezy (formerly JustRide), a peer-to-peer vehicle sharing platform has announced the expansion of its service offerings across 4 new cities, including NCR, Hyderabad, Chennai and Ahmedabad.
19. Ascension Ventures, a London-based early stage VC fund, has joined hands with Unicorn India Ventures, to launch UK's first cross border fund.
20. Value Retail Chain, 1-India Family Mart, to invest Rs 200 crores, will launch over 100 stores in the next two fiscal
21. Microfinance Lender Satya MicroCapital Raises Funds Worth Rs 11.48 Cr Vis Rights Issue
