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Ventureast raises $83 Million to mark the first close of tech fund

October 6, 2016

Early stage investor Ventureast Fund Advisors India Ltd has achieved the first close of its sixth fund—Ventureast Procative Fund II (VPF2). The firm has raised $83 million in the first round of its technology-focused fund that aims to raise $150 million in total. The fund is targeting a final closure in the next six months.

Read more - http://www.vccircle.com/news/alternative-investment/2016/10/05/ventureast-closes-first-round-its-sixth-fund-targeting-150

Telemedicine firm Neurosynaptic raises funding from Healthquad, Axilor and IAN

October 6, 2016

Bengaluru-based health-tech firm Neurosynaptic Communications Pvt Ltd has raised an undisclosed amount in its Series A round of funding from healthcare-focused investment firm Healthquad, Indian Angel Network, and Infosys co-founders backed Axilor Ventures. The funding will be utilized for International Certifications and launch of products. The corpus will also be utilized for scaling international business in Africa and South/South East Asia, besides further penetration across India.

Read more - http://www.vccircle.com/news/technology/2016/10/05/healthquad-makes-first-investment-india-s-telemedicine-firm-neurosynaptic

Online real estate firm Azuro raises funding from White Unicorn Ventures, others

October 6, 2016

Mumbai-based Fittr Technologies Pvt Ltd, which runs an online rental property listing and management venture Azuro, has raised an undisclosed amount of seed funding from early stage investors White Unicorn Ventures, Kae Capital, and Mumbai Angels. The funding will be utilized to expand operations across Mumbai and in building technology.

Read more - http://www.vccircle.com/news/technology/2016/10/05/white-unicorn-ventures-others-back-online-real-estate-firm-azuro

French co JCB acquires Trica Hair, Home Salon

October 5, 2016

French firm Jean-Claude Biguine (JCB) has acquired two companies in India named Trica Hair Clinic, hair solutions specialist and home service brand The Home Salon. JCB, a salon and spa chain, expects to double the revenues in three years from these acquisitions. The company’s India turnover is around Rs 65 crore from its Mumbai and Bangalore operations.

Read more - http://www.dealstreetasia.com/stories/india-dealbook-innerchef-ue-lifesciences-receive-funding-jcb-buys-trica-hair-home-salon-54642/

Housing finance company Swarna Pragati raises funding from Pramod Bhasin, Vikram Gandhi, others

October 5, 2016

Chennai-based housing finance company Swarna Pragati Housing Microfinance Pvt Ltd has raised an undisclosed amount from a group of investors including Zephyr Peacock, Omidyar Network, Aavishkar Goodwill in a Series B round. Founded in 2011, Swarna Pragati provides micro-mortgage loans ranging from Rs 50,000 to Rs 7 lakh and water, sanitation and hygiene (WASH) loans of Rs 15,000 to Rs 25,000 to families from the economically weaker sections (EWS) and low income groups (LIG) in rural India.

Read more - http://www.vccircle.com/news/finance/2016/10/04/exclusive-pramod-bhasin-vikram-gandhi-others-invest-housing-finance-firm

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