# 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

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

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

EV startup Ather commences rental service in Chennai as it plans expansion

Home-grown Electric vehicle (EV) startup Ather Energy has been making efforts to expand its business by trying to get into the current favourite rental vehicles sector. Short term rentals are a fast-growing trending among millennials. Ather is an Indian electric vehicle company founded by Tarun Mehta and Swapnil Jain in 2013 that manufactures electric scooters

Kalaari-backed Rubique scales down due to liquidity crunch

Kalaari Capital-backed Rubique Technologies Pvt. Ltd, an online lending marketplace for financial products, has scaled down its operations, while its employee count has halved, said former employees and the company’s founder and chief executive officer (CEO).For Rubique, which connects lenders and customers seeking personal and business loans, the liquidity crunch has meant a sharp slowdown

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CIN- U74999DL2019PTC347107