Tiger Global May Launch $3.8 Bn Fund To Continue Investment Spree

Global investor Tiger Global Management has reportedly closed a $3.8 Bn global private investment vehicle called the Private Investment Partners (PIP) XII, which will continue to back tech startups in India, the US and China
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Airtel Payments Bank Raises INR 225 Cr For Deeper Presence In India

Bharti Airtel’s financial service arm Airtel Payments Bank has raised INR 225 Cr from its parent companies Bharti Airtel and Bharti Enterprises to solidify its presence in India and expand to Africa
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based edtech startup InterviewBit has raised $20 Mn in Series A round from Sequoia India, Tiger Global and Global Founders Capital
  • Gurugram-based edtech startup Doubtnut has raised $15 Mn from Tencent, Omidyar Network India, Sequoia Capital India, Japan-based Akatsuki Entertainment Fund and Ankit Nagori
  • Denmark-based manufacturer of moulded fibre egg packaging Brødrene Hartmann has acquired Punjab-based moulded fibre packaging provider Mohan Fibre Products for $18 Mn
  • Insurance-tech company Majesco will acquire United States-based software solutions provider in the life and annuity insurance market InsPro Technologies for $12 Mn amount
  • US-based investment firm Ribbit Capital is looking to raise $420 Mn for its sixth VC fund to continue its investment spree in startups, especially those working in the fintech segment
  • Gurugram-based healthtech startup 1MG has received an infusion of $10 Mn from Bill & Melinda Gates Foundation according to the Ministry of Corporate Affairs filings
  • Google will provide $1 Mn grant through Google.org to news literacy org Internews which will launch an initiative to help improve news literacy & fight back against fake news in India