Investment Data

 There’s more money flowing into India’s e-commerce space after BigBasket, a Bangalore-based company that focuses on groceries, landed a $150 million investment led by The Abraaj Group in the UAE. Read More

from TechCrunch

 GoCardless has become somewhat of a poster child for the London fintech scene. Offering an alternative to card payments, the startup provide’s a simple way for businesses to set up and accept bank-to-bank payments online (also known as Direct Debit), and is now processing £1 billion worth of payments annually. That’s up from £500 million in July — a figure that co-founder… Read More

from TechCrunch

 Eye-tracking virtual reality headset maker FOVE has closed an $11 million Series A led by Colopl VR Fund, with participation from the venture fund of Hon Hai (Foxconn), 2020, and Samsung Venture Investment. Read More

from TechCrunch

 Nuren Group, a Malaysian-based company that runs community and e-commerce sites for women, has raised a $2 million Series A led by Gobi Partners. Read More

from TechCrunch

 “You’ll notice we have many more startups that aren’t in the traditional software category,” said Y Combinator President Sam Altman at the start of its Winter 2016 Demo Day 1. While once upon a time YC was known for legions of social and marketplace apps no one needed, it’s branched out. Now Silicon Valley’s top accelerator features tons of hardware… Read More

from TechCrunch

 RecomN, a platform that helps Malaysian and Indonesian users find service providers for important projects, will enter new Southeast Asian markets after raising $1 million in seed funding from Gobi Partners. The company was launched in July 2014 and inspired by expensive mishaps two of its co-founders, Alex Tan and Jes Min Lua, experienced. Read More

from TechCrunch

 After launching a standalone app for Ola Money in November last year, Indian transportation app Ola has made an acquisition to double down on its mobile wallet and payments business: the company has acquired Qarth, a startup that has developed a mobile payments app called X-Pay. Financial terms of the deal have not been disclosed. The is the third acquisition announced by Ola, and the first… Read More

from TechCrunch

 UK fintech startup Elliptic has pulled in a $5 million Series A round to keep building out its blockchain forensics tool. Its transaction-tracing technology mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency — offering the promise of combating Bitcoin-powered money laundering and other criminal activity. Read More

from TechCrunch

 eGym, the Munich-based startup that offers cloud-connected gym equipment and supporting cloud software and app for the fitness training floor, has closed $45 million in Series C funding. The round was led by new investor HPE Growth Capital, while existing investors, including Highland Europe, also participated. Read More

from TechCrunch

 Girnar Software, which runs several auto portals in India including CarDekho.com, has raised an undisclosed amount of new funding from Google Capital, with participation from returning investor Hillhouse Capital. Read More

from TechCrunch