Amazon Wholesale gets Rs 100Cr fund infusion
Amazon Wholesale (India), the B2B arm of Amazon India received a capital funding of Rs 100 crore (~$15 million) , reports Economic Times. The funding was made in December last month, according to its RoC filings. The wholesale unit named Amazon Business sells food and beverages, stationery, healthcare and personal care products. In December, Amazon India also received Rs 2010 crore from its main unit, taking the overall investment in India to Rs 7,000 crore in FY17.
Aye Finance raises crore Rs 20Cr from SBI
Aye Finance, a Gurgaon based money lending startup has raised Rs 20 crore in debt financing from State Bank of India, reports Economic Times. The company offers working/fixed capital loans, term loans, and other micro business loans focused on SMEs. Currently it claims to have branches in 33 locations in the country. It will use the funds for expanding operations into newer locations and for adding newer customers.
Nivesh.com secures angel funding
Mutual funds investment platform Nivesh.com, has raised an undisclosed amount of angel funding from a cluster of individual investors. These include Rahul Gupta, CEO of Right Global Infosolutions; Sandeep Shroff, CEO of MyStartUpCFO.com and P V Sahad, founder and former CEO of The VCCircle Network. Niveesh.com focuses on tier 2 and 3 cities of India; it will use the fresh funds fro network expansion, reaching out to more customers, and for improving the user experience.
Collateral Medical raised $3.5M in Series A round
Collateral Medical, a Mumbai based healthcare startup has raised $3.5 million in a Series A round from Carpediem Capital, reports Inc42. The company sells medical and diagnostic related equipment online and claims to have worked with 400 doctors in 28 states, the report added. The startup will use the funds for expanding distribution, service network, and for upgrading its IT infrastructure.
Loadshare gets undisclosed funding from Matrix Partners
Bangalore based logistics startup Loadshare has raised an undisclosed amount of funding from Matrix Partners, reports VCCircle. The company offers last and first mile delivery service, and logistics software solutions focused on SMEs. It claims to cover more than 2000 pin codes in the country and has plans to add more pin codes. Loadshare will use the fresh funding for expanding its team and its technology platform.
Supr Dailr raises $1.5M from multiple investors
Subscription based grocery delivery startup Supr Daily has raised $1.5 million Soma Capital, Great Oaks Ventures and 122 West Ventures, reports VCCircle. Other investors include Y Combinator, and RedMart founder Roger Egan. The company currently operates in 15 neighbourhoods in Mumbai and plans on expanding into newer metro cities. It delivers consumer goods like milk, bread, eggs etc. The company had raised $120,000 in March.
Japan’s Rohto Pharmaceutical acquires 13% stake in SastaSundar
Japanese based Rohto Pharmaceutical Co has acquired 13% stake in Kolkata based medicine delivery platform SastaSundar, reports Economic Times. The Japnese group paid $5 million for the stake. The company will use the funds to expand operations in Delhi and in 12 states across the country. The startup will also collaborate with the Rohto to expand operations, the report added.