Funding Friday: Oyo's New Investor & Banking Startups Scaling Up
Stay tuned to get every day updates in 60 seconds
Here are four funding news of the week:
- China's ride-hailing company Didi has made $100 million investment in OYO. With this, OYO's $1 billion financing round comes to a close.
- Singapore-based fashion ecommerce Zilingo has raised Series D funding of $225 million in a round led by Sequoia Capital. The online fashion marketplace will use the funds to develop the infrastructure and tech for optimizing fashion supply chain.
- Neo-banking startup Open raises $5 million in Series A funding by Beenext, Speedinvest and 3one4 Capital. The SME banking platform will be using the funds to scale up the team, and to launch new products.
- Investment platform Smallcase has raised $8 million in Series A funding led by Sequoia India. The online equity platform will use the funds to build an infrastructure to help retail brokerages and others to offer theme-based investments.
Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.