Funding Friday: Oyo Gets Bigger & Facilio Raises Funds From Tiger Global
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1. Oyo only gets bigger and better. The Indian hospitality chain company has secured $100 million in a fresh round of funding from Singapore-based ride-hailing company, Grab.
2. Tech stays on as the best bet for investors. Indian IoT startup Facilio has raised a $6.4 million Series A led by Tiger Global and returning investor Accel Partners.
3. India's Hyperlocal industry is going great. On-demand home service startup UrbanClap has raised $50 Mn in a Series D funding round led by Steadview Capital and existing investor Vy Capital.
4. CarDekho's parent company is back in the investment game. Girnar Software Pvt Ltd is reportedly in the process of raising $100 million from Sequoia Capital.Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds