Funding Galore: Indian Startup Funding Of The Week


 

Indian Startup Funding Of The Week

We bring to you the latest edition of Funding Galore: Indian Startup Funding of the week.

This week 16 startups raised around $248.31 Mn in funding altogether. (The startup funding calculations are based on the startups that disclosed funding amount.)

One of the biggest Indian startup funding this week was raised by Bigtree Entertainment, which runs the online ticket booking platform BookMyShow. The company raised $100 Mn in a Series D funding round led by TPG Growth, the middle market, and growth equity investment platform of alternative asset firm TPG. The company plans to use the latest funding to fuel its growth plans as it transforms into the ultimate ‘Entertainment Destination’ for its customers.

In another development, Singapore-based Temasek Holdings bought shares worth $30 Mn from former and early employees of the cab-hailing company Ola as a part of the secondary share sale. The sale share value has valued the company at around $2.5-3 Bn. It has also enabled large-scale Esop encashment for former and early employees of Ola.



 


 

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