# S T A R T U P M O N K
Grofers raises $24.2 Million from Singapore-based entity, Capital Investment LLC

Online grocery startup Grofers has raised $24.2 Mn from Its Singapore Based entity, Capital Investment LLC. The Gurugram-based online grocery delivery startup has received an infusion of INR 97.58 Cr (around $14.2 Mn) from its Singapore-based entity, Grofers International. The new $10 Mn investment is said to be a part of the company’s ongoing Series

MobiKwik raises Rs. 8.7 crore from NDTV and Trifecta Capital

With PayTM, PhonePe and Google Pay battling out for a larger market share, the digital payments space in India has been heating up. The competition is very close and all the companies are on the lookout for continuous funding by all sorts of investors. One of the most renowned home-grown payments brands, MobiKwik has been struggling

What are the different methods to determine the valuation of your startup?

What do you understand by valuation?  In common parlance, valuation is an estimated worth of something. Now, going with the flow, a start-up valuation is the monetary worth of the startup or business in question. The crux of the any business lies in the capital of the go-getter.  Hence, it becomes more important to determine

Chiratae Ventures leads 18.6 crore funding in robotics startup Emotix

Emotix, a robotics startup and developer of India’s first companion robot “Miko”, has raised Rs 18.6 crore in Seed round from Chiratae Ventures (formerly IDG Ventures), YourNest India VC Fund, and Technology Venture Fund. As per the filings, the investors have been allotted 2,794 Seed 1 compulsorily convertible preference shares (Seed 1 CCPS) on May 15,

Stanza Living raises Series C funding from Falcon Edge Capital

Student housing startup Stanza Living has raised an undisclosed amount as a part of its ongoing Series C round, led by Falcon Edge Capital. Stanza Living, co-founded by IIT-IIM alumni Anindya Dutta and Sandeep Dalmia is a technology-enabled student accommodation business being backed by Matrix and Accel Partners, seeking to disrupt the $15 billion, highly

Byju’s raises $150 million from Qatar Investment Authority and Owl Ventures

India's most valued ed-tech company, Byju’s, said on Wednesday it has raised $150 million in its latest round of funding led by Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. This investment marks QIA‘s first-ever investment in an Indian start-up. The round also saw participation of Owl Ventures, an education

Delhi HC stops Flipkart and others from selling direct sellers’ product without consent

Delhi High Court, in response to a plea filed by direct-selling supplement brands like Amway, Modicare and Oriflame has restrained unauthorised sale of products under the name of these brands on Amazon, Flipkart and Snapdeal.  The court, under the interim direction of Justice Pratibha M. Singh highlighted a couple of malpractices in terms of higher

NestAway co-founder Deepak Dhar leaves company; to start fintech venture

Management churn at startups and corporates has seen a surge in recent times. With the likes of Sachin Bansal selling Flipkart, the Indian e-commerce giant to WalMart, the upswing has been characterised mostly by these founders and top-level executives starting their own businesses, mostly in the financial technology sector.  Deepak Dhar, one of the co-founders

Samsung Venture marks its debut in India; invests in 4 startups

  GURUGRAM, India – July 10, 2019 – Samsung Venture Investment Corporation (SVIC), the investment arm of South Korea-based electronics giant Samsung Group, today announced its maiden investments in India, totaling USD 8.5 million across four Indian startups, marking its first foray into India. Samsung Venture, which co-invests with other venture funds, has over $2.2

B2B startup Udaan raises 139 crore from Singapore-based Trustroot

Business-to-business (B2B) e-commerce platform, Udaan has recently received a fresh funding round of Rs. 139.5 crore from its Singapore-based parent, Trustroot Pte as per RoC filings. Founded in 2016 by Amod Malviya, Sujeet Kumar and Vaibhav Gupta, all former employees of Flipkart,  Udaan intends to make doing business easy in India and B2B commerce as convenient and

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CIN- U74999DL2019PTC347107