Sheroes, Women’s Community Platform, raised sum of fresh funding

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DailyNinja, a hyper-local delivery startup for milk and groceries, has raised an undisclosed amount of funding from venture capital firm Matrix Partners. Existing investors of the company — Sequoia India and Saama Capital — have also participated in the round. The funds will be used to further strengthen DailyNinja’s presence in the daily essentials space, by expanding to new cities beyond Bengaluru, Hyderabad and Chennai.

Oyo Event Management Startup News Update

Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit – against $150 a unit as the reports had initially suggested.

Back in May, during a Flipkart all-hands meeting, a big cheer had rung across as co-founder and Group CEO Binny Bansal announced a 100% buyback of vested employee stock options (ESOPs) on the heels of the $16 billion deal with Walmart. With as many as 3,000 employees out of its 10,000-employees workforce still holding shares in Flipkart, plenty of people were suddenly on their way to becoming dollar millionaires.

ALSO READ: Always Stop Interrupting and Listen To The Question Before Answering

Leena AI has raised funds from the investors from US, Latin America, Indonesia, Middle East and India. Kunal Bahl and Rohit Bansal (founders of Indian ecommerce platform Snapdeal) also invested in the round. The company plans to use the funds for product development and international expansion.

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Leena AI’s co-founder Adit Jain told that the investors include individuals and groups with a rich knowledge base and experience in the startup industry. Jain emphasised that most of their funds are from the valley while investors from US, Latin America, Indonesia, Middle East and India have joined the round.

Sheroes, the women’s community platform, has raised an undisclosed sum of fresh funding from venture capital firm Leo Capital and angel investor Anand Chandrasekaran, a top company executive told.

Existing investors Lumis Partners, Raghav Bahl and Ritu Kapur’s Quintillion Media and the HR Fund also participated in the round, Sairee Chahal, founder of Sheroes, said. The firm will use the capital to strengthen its platform’s vernacular reach, Chahal. “Our members are a cross-section of women on the Internet—homemakers, professionals, gig workers, entrepreneurs and students from diverse geographies. We are also seeing an influx of first-generation digital users and a growing vernacular audience. The Sheroes app has received a phenomenal response,” she explained.

The investment was led by UK-based investor Anil Patel. Togedr plans to use these funds for expanding its presence in India & Southeast Asia. Togedr was also selected to be a part of FBStart in January 2017. Gurugram-based adventure and activities based experiences platform and community Togedr has raised an undisclosed amount of funding from a group of US & UK-based startups. The investment was led by UK-based investor Anil Patelwhose expertise lies in cloud architecture and scale, said Togedr CEO and founder Ashish Yadav.

OYO, India’s fastest growing hotel chain, is set to shake up Britain’s budget accommodation market with a high-tech franchising and marketing strategy to sign up 300 independent hotels by the end of 2019, its founder told on Wednesday.

Marking its first expansion outside of Asia, the franchiser said it plans to invest £40 million ($53 million) to launch in 10 UK cities over the next 18 months through a smartphone-based service aimed at both franchise owners and guests. OYO is entering Britain’s economy hotel segment, which is led by Whitbread’s Premier Inn chain. Other branded operators include private equity-backed Travelodge and Holiday Inn Express, a unit of Intercontinental Hotels Group.