India

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Bangalore-Based Online Furniture Brand Urban Ladder Raised Over US$15 Million

Bangalore-based online furniture brand Urban Ladder has raised INR 102 crore (approximately US$15.2 million) in fresh funding from existing investors, including SAIF Partners, Kalaari Capital, Sequoia India and Steadview Capital. The startup claims that it has over 4,000 products and 35 categories such as wardrobes, sofas, beds, dining tables, storage shelves, etc.
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MobiSwipe

Payments Solutions Company OMA Emirates Acquires Mumbai-Based mPoS Startup MobiSwipe

United Arab Emirates-based payments solutions company OMA Emirates has acquired Mumbai-based mobile payments services firm MobiSwipe Technologies. The details of the transaction were not disclosed. OMA is looking to broaden its overall portfolio in the Middle East, Eastern Europe and APAC regions. As per agreement, MobiSwipe Co-founders Suresh Santhanaramakrishnan and Harmeet Singh Arora will be joint CEOs at OMA.
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Cars-

Online Automobile Classifieds Platform CarTrade Raised US$55 Million

CarTrade, a leading online automobile classifieds platform in India, has raised US$55 million, led by Singapore-based Temasek Holdings, with participation from a large family office in the US. This capital injection will be used to support CarTrade’s growth plans through acquisitions, expansion into new areas, such as auto finance, and to further sharpen its services to consumers, dealers, and OEMs.
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Stellaris Venture Partners Completed Its First Close Of $100M Venture Capital Fund

Stellaris Venture Partners, an early-stage technology-focused venture fund, announced that it has completed the first close of its $100 million maiden fund. Fund I has secured capital commitments from financial-institutions, corporates, entrepreneurs, and family-offices in the United States, Europe, and Asia. The Series A oriented fund will invest in technology-businesses solving India-specific problems, as well as global-software products from India.
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Paytm

Alibaba Group Investing Upto US$250 Million In Indian Mobile Commerce And Wallet Company Paytm

Chinese e-commerce giant Alibaba Group is investing between US$200 million and US$250 million in Indian mobile commerce and wallet company Paytm. With this deal the Alipay-Alibaba combine, which had earlier infused US$680 million into Paytm in September 2015, will now own over 50 per cent in the firm. A formal announcement in this regard will happen in the coming weeks.
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Indian Edtech Startup Cuemath Raised US$15 Million From Google, Sequoia

Bengaluru math-startup Cuemath is hitting the big time following an announcement Monday it raised $15million from one of Google’s investment-arms, CapitalG, and Sequoia India. Their curriculum was designed by grads and staff from IIT, Stanford, Harvard, Cambridge, and IIM among other top-tier-schools. They boast a nationwide presence of 200full-time employees in cities like Bengaluru, Delhi, Mumbai, Chennai, Hyderabad and Pune.
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Bangalore-Based Last-Mile Logistics Startup LetsTransport Has Secured US$4 Million

Bangalore-based last-mile logistics startup LetsTransport (LT) has secured US$4 million in second round of funding from Neelesh Bhatnagar of NB Ventures, with participation from GMO Venture Partners and existing investor Rebright Partners based in Japan. The startup plans to use the funds in building technology and team, according to Pushkar Singh, Co-founder of LetsTransport.
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