Falcon Edge News

Setu to use funds to strengthen its team, roll out a suite of new products, and improve its tech infrastructureThe startup is currently working on fundamental building blocks for digital financial services across FASTag, savings, credit and data

The New-York-based hedge fund has already raised $45.7 million for the India fundThe American hedge fund has already raised $45.7 mn for the fund, according to filings with the US markets regulator

DealShare to use funds for city expansion, developing AI-based solutions and an indigenous logistics networkThe startup that uses social media to offer group-buying discounts on household items will expand into 100 cities across more than 10 states in the next one year

vPhrase Analytics says it has raised a $2-million Series A round from Bharat Innovation Fund and Falcon Edge CapitalFunds will be used for expansion and to launch its latest product Explorazor

The round also saw re-participation from the company's existing investors including Sequoia Capital, Matrix Partners, and Accel PartnersStanza Living is also in talks with multiple equity investors to raise additional capital for the current round

In other news, Singapore’s sovereign wealth fund GIC plans to deploy up to $1 billion in India to acquire operating toll and annuity roads to expand its presence in the country’s infrastructure sector

Citigroup's former CEO Vikram Pandit, Singapore's sovereign wealth fund GIC, JM Financial and other investors have invested 875 crore in JM Financial Credit, a lender to real estate companies

Ratan Tata and Falcon Edge investments in Ola were part of the November funding round when Ola raised Rs1,675 crore from SoftBank

Ola gets $500 million fresh investment; Apple crosses $1 billion sales mark in India

The fundraising was led by new and existing investors, including China's cab hailing service Didi Kuaidi