Online food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) has tied up with lender Indifi Technologies to provide working capital loans to its restaurant partners. The financing program named Swiggy Capital Assist will provide collateral-free loans without initial deposits.
Last Week's Deals
Bangalore-based home maintenance services startup, Gapoon has raised USD 250,000 in a pre-series A round. The investment is led by Vida Ventures, other independent investors, and angel investors. This investment will be used for new initiatives towards product and technology enhancements.
NearGroup has raised $1.6 million in a seed round led by venture capital firm OpenOcean, with participation from other firms including Neotribe and BoostVC. NearGroup plans to focus strongly on the Indian market, after seeing traction in users from the US, Philippines and Vietnam.
Social e-commerce startup Meesho has raised $3.1 million from investors led by SAIF Partners in a fresh round of funding. Existing investors Y Combinator and Venture Highway also participated in the round. The company plans to use the fresh funds to hire for its tech and business operation teams.
Amicus Capital has struck its maiden deal, having invested Rs.60 cr. in online insurance aggregator RenewBuy. This is the second round of fundraising completed by the Gurgaon-based D2C Consulting, which owns and operates RenewBuy.