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Exfinity closes second fund at $45 Million to focus on AI, IoT

December 23, 2016

Enterprise technology-focused venture capital firm Exfinity Venture Partners has closed its second fund at INR 300 crore from a clutch of family offices, industrial houses and high net-worth individuals, including Rakesh Jhunjhunwala, India’s best-known stock market investor. The fund, called Exfinity Technology Fund-Series II, will be invested in artificial intelligence, cloud computing, big data analytics, cyber technology, Internet of things and mobile technology start-ups over a span of seven years.

Read more - http://www.dealstreetasia.com/stories/exfinity-closes-second-fund-at-rs300-crore-to-focus-on-ai-iot-61241/

Lightbox raises $54 Million expansion fund

December 23, 2016

Venture capital firm Lightbox has closed a new expansion fund, estimated at about $54 million (about INR 360 crore). With the closure of the new fund, the Mumbai-headquartered investment firm now has over $100 million in its coffers, a significant portion of which is expected to be deployed as it participates in the growth funding rounds.

Read more - http://economictimes.indiatimes.com/articleshow/56131646.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

enKast raises $2 Million from Ivy League Network

December 23, 2016

Bengaluru-based startup Seamovation Labs has raised a Pre-Series-A round funding round of $2 million for its product named enKast that enables modeling and talent agencies to monitor and optimise available resources in real time. The funding will be utilized to enhance the scalability and quality of enKast’s on demand platform and utility application suits.

Read more - http://economictimes.indiatimes.com/articleshow/56133176.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Japan’s fund places first bet on ShopKirana

December 23, 2016

Japanese seed-stage investors Incubate Fund has led a bridge round in business-to-business FMCG platform, ShopKirana. The amount of investment is estimated to be between INR 2 crore and Rs 3 crore The Indore based startup helps mom-and-pop stores improve their supply chain by partnering with FMCG brands. Other investors in the round include Mumbai-based Lead Angels Group and senior executives from leading FMCG companies.

Read more - http://economictimes.indiatimes.com/articleshow/56133260.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Process management startup AsoCon raises funding from Early-stage fund Quarizon

December 23, 2016

Process management startup AsoCon Outsourcing India Pvt Ltd has raised an undisclosed amount of seed investment from early stage investment firm Quarizon. AsoCon Outsourcing India provides services such as web development, social media operations, and provides feet on street for field work.

Read more - http://www.vccircle.com/news/technology/2016/12/22/exclusive-early-stage-fund-quarizon-invests-process-management-startup

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