India-based messaging platform Hike Messenger has raised $175 million in a Series D round of funding led by Tencent Holdings Ltd and Foxconn Technology Group at a valuation of $1.4 billion.
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This current seed round was also led by Mahesh Ahuja - CEO, Brittman India, Sri Peddu - MD, Powerhouse Ventures, M&S Partners, Deepak Kasthwal - ex- CFO, OLA Cabs, PKX Thomas - ex Technology Head, Cleartrip, Neha Shah and angel round by GSF Accelerator.
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The online portal, which operates on a back-to-roots philosophy, currently meets requirements of 17 diaspora communities by sourcing authentic and unique products from their native places.
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Indore-based ZiPi that was was launched in January 2016 by a 15-member team led by Sukrat Ray, Pranav Singhi, Sumay Dubey & Siddharth Ray, has raised an undisclosed amount of funding from Swan Angel Network.
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The funds will help Buttercups accelerate its growth plan, both offline and online, as it continues its evolution as a customer-focused lingerie brand.
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In a confirmed news, reportedly Pigeon Express has bought over the brand GoJavas and has asked the existing workforce to look out for jobs elsewhere.
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HRX, one of the first homegrown Indian active lifestyle brand, was incepted in 2012 and was exclusively licensed to Myntra in 2013. Since then, HRX has been one of the top selling brands on Myntra.
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Commenced in 2014, Faircent is a pioneer in the Indian peer to peer lending market with over 6,000 and 26,000 registered lenders and borrowers respectively and has disbursed a total loan of Rs. 6.5 Cr.
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