PolicyBazaar unit DocPrime sets aside $15m to invest in preventive healthcare


DocPrime received an initial internal funding of $50 million from parent company PolicyBazaar Group in September this year.

India: Online pharmacy startups see funding frenzy, ripe for consolidation

PharmEasy, 1mg, Netmeds and LifCare, are racing ahead of the pack by raising large sums of capital and putting pressure on their peers to either keep raising cash or sell out.

Swiss impact investor BlueOrchard invests $7.8m in India’s Jagaran Microfin

The funds were raised through the issue of non-convertible debentures.

India: Fintech platform Vivriti Capital raises $28.5m from Creation Investments

Vivriti Capital received approval from the Reserve Bank of India to float an NBFC in January 2018.

Indian micro-delivery startup Milkbasket raises $7m funding led by Mayfield

Existing investors Kalaari Capital, Unilever Ventures and Beenext Pte Ltd also participated in the round.

India Dealbook: MobiKwik, DataTrained, ImpactGuru, Generico, Oliva, Flip Flop Hub raise funds

Fintech firm MobiKwik has raised $3.4 million in a fresh round of funding led by existing investor Sequoia Capital India.

Indian edtech startup Toppr raises $35m in Series C round led by Kaizen PE, others

Existing venture capital investors of Toppr—Eight Roads Ventures, Helion Ventures and SAIF Partners—also participated in the round.

Binny Bansal seeks $100m cash payout from Walmart after Flipkart exit

Earlier, Bansal would have received cash from Walmart for over half of his 4-4.5% Flipkart stake worth over $850 million after August 2020.

Carlyle seeks to double its holding in PNB Housing Finance

The US private-equity firm is considering buying Punjab National Bank’s shares in PNB Housing, which would give it a controlling stake.

Accel, Jungle lead $23m funding for B2B commerce startup Moglix

Venture Highway, Shailesh Rao and Innoven Capital also took part in the financing round. Till date, Moglix has raised $41 million in funding.