Club Factory raises $100M to expand its lifestyle e-commerce platform in India

Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its footprints in India. The new financing round — Series D — was led by Qiming Venture Partners Bertelsmann, IDG Capital, and” other Fortune 500 companies […]

Continue Reading →

India’s Vahdam Teas raises $11M to grow its tea-commerce business in the US and Europe

Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has closed a new financing round as it looks to expand its presence in the U.S. and Europe. The three-year old startup said it has raised $11 million in its Series C financing round. The round, which according to a person familiar […]

Continue Reading →

Amazon, Walmart confront India’s slowing economy as holiday season growth stalls

Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy. Online retailers in India sold goods worth $3 billion in the six-day festive sale that concluded last week, growing at an impressive 30% since last year, according to […]

Continue Reading →

Chinese firms Tencent, Vivo, and CCTV suspend ties with the NBA over Hong Kong tweet

Smartphone maker Vivo, broadcaster CCTV, and internet giant Tencent said today they are suspending all cooperation with the National Basketball Association, becoming the latest Chinese firms to cut ties with the league after a tweet from a Houston Rockets executive supporting Hong Kong’s pro-democracy protesters offended many in the world’s most populous nation. Vivo, which […]

Continue Reading →

Next Insurance raises $250M from Munich Re, becomes a unicorn

Next Insurance, a three-year-old U.S.-based firm that sells insurance products to small businesses, has become the latest unicorn in the nation after bagging $250 million in a new financing round, the startup said today. Germany-based Munich Re, one of the world’s largest reinsurers, alone funded Next Insurance’s Series C round, the two said in a […]

Continue Reading →

Ritesh Agarwal to invest $700M in Oyo’s new $1.5B financing round

India’s budget lodging startup Oyo Hotels and Homes said today it plans to raise about $1.5 billion as part of a new financing round as the startup looks to expand its footprints in the U.S. and Europe. Ritesh Agarwal, the founder and CEO of Oyo, has committed to infuse $700 million to buy new shares in […]

Continue Reading →

Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India

An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses and e-commerce giants just closed a new financing round to expand its business in the nation. Bangalore-based Dunzo said today it has raised $45 million from Google, Lightbox, STIC Ventures, and 3L Capital in a new financing round. The […]

Continue Reading →

India’s Fyle bags $4.5M to expand its expense management platform in US, other international markets

Fyle, a Bangalore-headquartered startup that operates an expense management platform, has extended its previous financing round to add $4.5 million of new investment as it looks to court more clients in overseas markets. The additional $4.5 million tranche of investment was led by U.S.-based hedge fund Steadview Capital, the startup said. Tiger Global, Freshworks, and […]

Continue Reading →

How Bongo, the ‘Netflix of Bangladesh’, won the local video streaming market with just $10M

Thousands of miles away from the U.S., where technology giants, cable networks, and studios are locked in an intense multi-billion dollar battle to court users to their video streaming services, a startup in Bangladesh has already won the local video streaming market. And it did all of this in six years with just $10 million. […]

Continue Reading →

India’s Udaan raises $585M to expand its B2B e-commerce platform

Udaan, a three-year-old business-to-business e-commerce platform in India, has raised more than half a billion dollars as it looks to bring more kirana stores, chemists, and other small businesses online through its marketplace. The startup said today it has raised $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital and Citi Ventures. Existing investors […]

Continue Reading →