Rajashri Venkatesh
Top Indian companies received massive funding in 2016 which helped grow the economy of Indian Market. Here is a list of such top funded companies of 2016
The report quotes sources who said that the homegrown ‘unicorn’ wants to raise $300-400 million, but might have to lower expectations owing to the investors’ appetite. The company at present is talking to both existing and new investors including names such as Didi Chuxing and SoftBank Group.
The fund-raising talks is likely to be led by Flipkart chairman Sachin Bansal and Tiger Global Management, Flipkart’s largest investor, may play an important role in the process. Photo: Hemant Mishra/Mint
Paytm today announced that it will receive an undisclosed amount of investment from Mountain Capital, one of Taiwan-based MediaTek’s investment funds. Reportedly, the amount invested is $60 million (about Rs 400 crore). The payments and e-commerce company has raised the fresh funds at a valuation of about $5 billion, according to The Economic Times. MediaTek Inc. is a semiconductor company and provider of system on chips (SoCs) for mobile devices, home entertainment, connectivity, and IoT products.
At a time when a slowdown in funding has stoked concerns of a downslide in valuations of large consumer Internet firms, online classifieds portal Quikr’s valuation surged 3.5 times in the 12 months between 31 December 2014 and 31 December 2015, according to an annual report published by its Swedish investor AB Kinnevik on Thursday.
Budget hotel aggregator OYO Rooms is closing a $90-million financing round, according to a report by Times of India. The funding is led by its largest shareholder, SoftBank. The report claims that OYO has already received $61 million, and the rest would be pumped in soon.
Zomato Media Pvt. Ltd, a restaurant search and review website, has raised $60 million in fresh capital, largely from Singapore’s Temasek Holdings Pte and existing investor Vy Capital, valuing the company at about a billion dollars. The Gurgaon-based company’s largest investor Info Edge (India) Ltd, which will own a 47% stake in Zomato after the latest transaction, did not participate in the current round of fund raising, according to a statement filed by Info Edge to BSE.
Music streaming is the topic of the moment after Apple finally unleashed Apple Music. Good timing, then, for Saavn — one of a handful of streaming services dedicated to India — to announce a $100 million Series C round led by Tiger Global. The company plans to invest the money scaling its service and moving into video.
ShopClues co-founder and chief business officer Radhika Aggarwal says the latest fund raise should be the company’s last one before it becomes profitable with the eventual IPO in 2017. Photo: Mint
Bengaluru-based big data analytics startup, Manthan has raised USD 60 million in series D round led by Temasek and Norwest Venture Partners. Including this round, the firm has raised a total capital of USD 80 million till date. The new funding will be used to accelerate its focus on consumerization of technology. The capital will also be used to accelerate the SaaS adoption of its product portfolio, for product development and to expand its marketing footprint globally.
A few weeks after it raised $50 million (Rs 315 crore), Ratan Tata-backed online furniture retailer Urban Ladder plans another round, of $120 mn (Rs 750 crore), perhaps in about a year. It is likely to see participation from at least two new investors.
