CredR, Shadowfax, Industrybuying - New companies garner funds.

Q.  Ola Cabs has recently acquired USD 225 million from Falcon Edge, Sequoia, Matrix, DST, Accel and Tiger Global in September 2015. What are the other recent deals in the Indian corporate sector?
- Published on 21 Sep 15

a. CredR- USD 15 million
b. Industrybuying- USD 9 million
c. Shadowfax- USD 8.5 million
d. All of the above

ANSWER: All of the above
 
CredR, Mumbai marketplace for second hand bikes founded by N. Jain, S Chazzed and N Mittal acquired USD 15 million from Growth Story and Eight Roads. Industrybuying, Delhi an online industrial goods store founded by Swati and Rahul Gupta garnered USD 9 million from SAIF Partners, Kallari Capital. Shadowfax, a Gurgaon on demand B2B delivery service founded by Eabhisehk Bansal and Vaibhav Khandelwal raised USD 8.5 million from Eight Roads. Others who raised funds include MoEngage, Zapyle, OnlineTyari, Uber Diagnostics, Room on Call, FitMein, Bag your Job . Mubble, Adurcup, Coverfox, Shipsy, Yatra Genie and Insta Cab. Ola itself has acquired USD 225 million in funding and its founders are Bhavish Aggarwal and Ankit Bhati.

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