Investments, News

#Fundingwire: Ola Discloses $57.3M Investment Raised From Vanguard Group & More

Shown Above: Bhavish Aggarwal, Founder & CEO, Olacabs

Shown Above: Bhavish Aggarwal, Founder & CEO, Olacabs

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently announced their investment include Ola, Stellar Value Chain, Tricog Health and Go-Jek

Ola Raised $57.3M in Investment From Vanguard Group in December

Bangalore based Ola has disclosed in RoC filings that it raised Rs.384 crore ($57.3 million) in December 2015 from US-based investment management firm Vanguard Group. The company had not announced it earlier. And the valuation has also not be disclosed at present.

Prior to that, the company had raised $500 million from a group of investors that included Didi Chuxing (formerly Didi Kuaidi) and SoftBank. Didi Chuxing is acquiring Ola’s rival Uber’s China business. Read More

Logistics Firm Stellar Value Chain Raises $125M from Warburg Pincus

A new third party logistics company Stellar Value Chain has raised $125 million from PE firm Warburg Pincus. The raised investment would be deployed in setting up of new warehouses across India and in creation of modern distribution centres.

Mumbai-based Stellar Value Chain was founded by Anshuman Singh in July 2016. The company plans to begin its operations in another 3 months. Read More

Healthcare Analytics Company Tricog Health Raises Series A Investment

Bangalore-based healthcare startup Tricog has raised Series A round of investment from Inventus Capital Partners, Blume Ventures and a group of angel investors. The company has a deep data and algorithm-driven platform, that can preemptively detect occurrence of heart attacks.

Tricog Health was founded in January 2015 by Charit Bhograj. It has tied up with 250 clinics, nursing homes and hospitals across 12 cities in India to provide diagnostics reports generated by its system. Read More

Indonesia-Based Bike-Taxi Provider Go-Jek Raises $550M

In order to combat Uber’s growing presence in South East Asian markets, on demand bike taxi service Go-Jek has raised $550 million at a valuation of $1.3 billion. The investment will be used to expand its presence and services. This is reportedly the biggest disclosed investment raised by an Indonesia based startup.

The round was led by KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, with participation from existing shareholders and few other investors. Previous investors in Go-Jek include Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group. Read More

Image Credit: Nextbigwhat

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