Norwest Venture Partners

Citymall aims to expand its reach to 100 towns in India over the next 18 months.

Also, Dunzo successfully tests medicine deliveries via drones, Classplus announces an ESOP buyback plan, and more.

Mindtickle’s valuation more than doubled to US$1.2 billion as a result of the fundraise, Mint reported.

Funds raised from the round will be used to expand Five Star’s lending business and to provide financing solutions to India’s small businesses.

Private equity funds Investcorp, Norwest Venture Partners, and Gaja Capital together invested the amount to acquire a 31% stake in the logistics startup.

India-based Avataar Ventures looks to make 10 investments from its first fund.

This will come as a relief to startups in India bombarded in recent weeks with reports of investors shutting off their taps.

Chennai-based Attune Technologies’ cloud-based software connects devices such as lab analyzers and ICU machines to a health network.

Swiggy is betting on their system of timely deliveries and service levels to capture the online food delivery market in India.

Tiger Global coming on board as an investor will improve the odds of Indian startup Quikr in its battle with Argentina-based OLX.