Truecaller acquires fintech startup Chillr; DailyNinja, Nivesh.com raise funds

Bengaluru-based hyperlocal delivery subscription startup DailyNinja has raised $3 million in funding led by Saama Capital and existing investor Sequoia Capital. The team had raised $1.5 million in October last year, led by Sequoia Capital. With this round, the total fundraising is at $4.5 million. The startup will use the current fund raise to strengthen its operations in Bengaluru and Hyderabad, and expand to Chennai. 

For eight successful years, TechSparks has been bringing to the fore innovation, disruptive technologies, and success stories that matter -- catalyzing conversations and connections within the tech and startup ecosystem in India. In the 9^th edition of TechSparks this year, we are here to show you how you should navigate this turbo-charged scenario in order to win in one of the world’s most exciting economies. So save the dates: October 5 and 6.

Mutual funds investment marketplace Nivesh.com announced that it has raised a seed funding of Rs 3 crore through LetsVenture along with Google India MD, Rajan Anandan and former Infosys Global Sales Head, Basab Pradhan among other major angel investors.

Truecaller, on Wednesday, announced that it has gone the acquisition route for the first time by acquiring fintech startup Chillr. The Chillr app will now be a part of the TrueCaller Pay feature. While the details of the deal were undisclosed, it is known that the 45-member Chillr team will now be a part of the TrueCaller India team.

Startups across the country are now bringing a plethore of tea options to fans of the beverage. In India, tea consumption occupies more than 79-percent share in the non-alcoholic beverage market, and is valued at more than $30 billion. Exploring this market opportunity, some startups have found their niche in catering to the growing demand for tea in India.

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