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[Weekly funding roundup] Venture investments begin on a tepid note for month of March Venture funding for first week of March was little under $50 million with lower number of deals, but debt financing was higher at $55 million 0 claps Share on The first week of March has not begun on a positive note for the Indian startup ecosystem with decline in venture funding when compared to the last week of February. The week saw total venture funding of $49 million spread across 14 deals. This compared poorly with the last week of February, where the amount had touched $403 million. Although, the positive highlight of the week was debt venture fund, which actually had a higher amount when compared to the equity funding. There were four debt deals during the week which garnered $55 million. ....
Tens of millions of people each year purchase a second-hand smartphone in India, the world's second-largest market. New York-based Olympus Capital Asia made the investment through Asia Environmental Partners, a fund dedicated to the environmental sector. Cashify operates an eponymous platform both online and physical stores and kiosks for users to sell and buy used smartphones, tablets, smartwatches, laptops, desktops and gaming consoles. ....
Startup news and updates: daily roundup (March 4, 2021) yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
[Funding alert] Cashify raises $15M from Olympus Capital Cashify, the refurbished smartphone marketplace startup, aims to register around 100 percent growth in business in 2021, riding on the increased demand for electronic devices. 0 claps Online marketplace for used smartphones Cashify on Wednesday said it raised $15 million from Asia Environmental Partners (AEP) a fund focussed on the renewable energy sector and environment. AEP is a division of private equity player Olympus Capital. growth of its newly launched enterprise SaaS business, expansion of its offline retail segment besides hiring, and investments into branding. With this fresh funding, Cashify aims to expand its enterprise SaaS business globally. This is essentially the technology platform it uses to run its operations, which it will now offer to other businesses. ....
Cashify raises $15 million for its second-hand smartphone business in India – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.