4 Things to Know

Funding Friday: Oyo's New Investor & Banking Startups Scaling Up

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Former Senior Correspondent, Entrepreneur India Magazine
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Here are four funding news of the week:

  1. 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.
     
  2. 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.
     
  3. 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.
     
  4. 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.
     

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