Prosus and Meituan Dianping both participated in the series I round, which valued Swiggy at $3.6bn but remains short of the $1bn the company had originally hoped to raise.
Month: February 2020
Spruce ups funding with $88m
Proceeds from the Novo-backed series B round will be used to advance Spruce Biosciences’ congenital adrenal hyperplasia candidate into phase 2 trials.
Outrider emerges with $53m
Koch Disruptive Technologies is among the investors to have been revealed by freight automation technology startup Outrider, which publicly launched yesterday.
Driivz dives into $11m series C round
Centrica Innovations has returned to co-lead the EV charging software producer’s $11m series C round with Gilbarco Veeder-Root.
Udemy passes $50m Benesse exam
Benesse has injected $50m into Udemy at a $2bn valuation, boosting the skills-building platform’s overall funding to more than $220m.
MatHem puts $51m in its trolley
The online grocer raised funding from investors including Clas Ohlson to help it bolster its operations and build a new distribution hub.
Eureka announces $20m series B
Existing backer SoftBank returned to help the telecommunications data platform developer close a round co-led by four investors.
Wiliot transmits details of $20m investment
New investors PepsiCo, Maersk, Verizon and NTT Docomo joined existing backers including Avery Dennison, Amazon Web Services, Merck, Qualcomm and Samsung in the round.
Facebook to befriend Surge portfolio
The social media network operator will offer VC Brand Incubator’s latest training initiative to portfolio companies of Sequoia Capital India’s Surge fund.
Snap caps participants for third Yellow cohort
The messaging app developer has chosen the third cohort for its three-and-a-half-month startup accelerator, which comes seven months after its second batch.
Astra International starts up corporate VC unit
Astra Mitra Ventura will make early-stage investments on behalf of the conglomerate, whose existing portfolio includs Gojek.
Carbon materialises $100,000 for African fintech
Fintech app developer Carbon is looking to spark a collaborative ethos in the pan-African startup ecosystem with a stage-agnostic fund that will invest up to $10,000 a time.
Laundrapp gets folded into Inc & Co
Henkel, Robert Bosch and Rocket Internet have exited the on-demand laundry service Laundrapp in an acquisition by Inc & Co.
Carbon capture tech pioneer offers hope for the next generation
Carbon Clean Solutions has raised $16m in a round featuring Chevron Technology Ventures following an introduction at 2019’s GCV Symposium.