🇮🇳 Roundup: Swiggy hires JP Morgan, ICICI Securities for IPO

Startups in India, including Oorja, raised at least US$1.2 million in funding today from local and international investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Swiggy hires JP Morgan, ICICI Securities for IPO

The food delivery firm is reportedly preparing for its public offer, which is estimated to be between US$800 million and US$1 billion.

In January, Swiggy banked US$700 million in a round that bumped its valuation to over US$10 billion.

Swiggy will also soon bring on two more merchant banks to help run the listing process as it is plans to offer about a 10% stake in the IPO.

InfoEdge buys 76% of Aisle in US$11.8 million deal

The internet platform operator added the dating app to its portfolio, with the latter claiming to have seen its membership double in two years.

Aisle also provides vernacular dating services through apps like Arike, Anbe, and Neetho for Malayalees, Tamil, and Telugu audiences.

InfoEdge is one Zomato and PolicyBazaar’s early investors.

Coffee firm Blue Tokai adds new investors

The farm-to-cup specialty coffee brand has added Negen Capital and Mauryan Capital as investors in its pre-series B extension round.