Variety

TRACKING DEALS

Our Bureau | Updated on January 24, 2018

Helion, others invest in RailYatri

RailYatri.in, a leading multi-modal train travel app, has raised an undisclosed pre-Series A funding from Helion Venture Partners, Omidyar Network and existing investors Blume Ventures and Ujama. RailYatri.in provides a range of crowd-sourced decision making information related to train travel in India. The venture will use the money to consolidate its product leadership in the domain and to accelerate growth. RailYatri.in provides real-time rail travel-related information, including train status, platforms, seat availability predictions, facilities at stations, personalised alerts and providing access to services such as meals and taxis.

$13.5-million funding for NxtGen

NxtGen Datacentre & Cloud Technologies has raised $13.5 million from International Finance Corporation, the Axon Partners Group and Intel Capital, in Series B funding. The company will use the money to complete a high density data centre facility in Bengaluru and invest in cloud infrastructure. NxtGen has data centres in Mumbai and Bengaluru.

Ratan Tata invests in Ola, Ampere

Taxi hailing app Ola has said that Ratan Tata, former Chairman of Tata Sons, has invested in the company in his personal capacity. Tata has also invested in Coimbatore-based Ampere Vehicles, which makes a range of electric two-wheelers.

Saavn on a $100-million song

Saavn, a leading music streaming company, has raised $100 million in a funding round led by Tiger Global Management. The money will be used to drive long-term product development and customer acquisition. The company is investing in its proprietary ad technology, growing the sales force and inking new content deals. Existing investors Bertelsmann India Investments, Steadview Capital, Liberty Media and Mousse Partners participated in the fund raise. Besides, new global investor Quilvest, additional Hong Kong-based hedge funds and a number of individuals are participating in the fund raise.

Lendingkart gets $10 million

Lendingkart, an online digital lending platform, has raised $10 million in Series A funding from venture capital funds Saama Capital and Mayfield Fund and two wealthy individuals. Lendingkart enables lending to start-ups and small and medium enterprises. The company will use the money to strengthen the technology platform, to build an artificially intelligent big data scoring system and to expand the team.

Lybrate closes $10-m funding

Lybrate, a healthcare communication and delivery platform, has raised $10.2 million in Series A funding from Tiger Global Management, Nexus Venture Partners and Ratan Tata, former Chairman, Tata Sons. Lybrate, which allows patients to communicate anonymously with doctors via a mobile app or online, plans to use the money to develop products, recruit talent, augment technology and scale operations.

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Published on July 13, 2015
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