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Recent News

AYE Finance raises Series B funding from new and existing investors

November 23, 2016

Delhi-based non-banking financial company AYE Finance (AYE) has closed its Series B round of funding worth INR 70 crore from LGT Impact Ventures and existing investors SAIF Partners and Accion.The funding will be utilized to grow outreach across the country with a target loan portfolio of more than Rs 2,000 crore over five years.

Read more - http://www.vccircle.com/news/finance/2016/11/22/aye-finance-raises-series-b-funding-new-and-existing-investors

Vocabulary learning firm VoLT raises funding from YMS Mobitech

November 23, 2016

Ed-tech startup VoLT, run by Edutainment Spearheads Pvt Ltd, has raised an undisclosed amount of seed funding from YMS Mobitech, a tech-based distribution company.VoLT (Vocabulary Learning Technique) simplifies vocabulary learning process using creative teaching methodologies, mnemonics, anecdotes and colored pictures for better retention.

Read more - http://www.vccircle.com/news/technology/2016/11/22/vocabulary-learning-firm-volt-gets-funding-yms-mobitech

Digital media venture Awesummly raises angel funding

November 23, 2016

Bengaluru-based NitroLabs Technology Pvt Ltd, the company which runs and operates news summarisation app Awesummly, has raised $146K (Rs 1 crore) in funding from Vivek Bhargava, chief executive, iProspect and Ameera Shah, promoter and managing director of Metropolis Healthcare. Awesummly is a machine-intelligence powered short news app which provides personalised news summary in 60 words in both English and Hindi.

Read more - http://www.vccircle.com/news/technology/2016/11/22/digital-media-venture-awesummly-raises-angel-funding

Networking startup Nodd raises funding from former Just Dial CTO, others

November 23, 2016

Mumbai-based Nodd Ventures Pvt Ltd, the company which operates networking app Nodd, has raised INR 1 crore ($146,000) in funding from former Just Dial Ltd chief technology officer Sandipan Chattopadhyay, IKYA Global associate partner Jaison Jose and other investors. The funding will be utilized to scale up its operations and expand across major cities such as New Delhi, Bengaluru, Mumbai, Hyderabad and Chennai. It will also be used to strengthen team and technology.

Read more - http://www.vccircle.com/news/technology/2016/11/22/former-just-dial-cto-other-angels-back-networking-startup-nodd

JLL, HDFC Red eye Housing.com; SoftBank comes in with bridge round

November 23, 2016

Japanese telecom and Internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million (Rs 34 crore) in a bridge round in real estate portal Housing.

Read more - http://www.vccircle.com/news/technology/2016/11/22/exclusive-jll-hdfc-red-eye-housingcom-softbank-comes-bridge-round

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