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Food delivery platform InnerChef raises $2.5 Million funding

October 4, 2016

Gurugram-based food delivery platform InnerChef has raised a fresh funding round led by Japanese early-stage fund Mistletoe, its maiden investment in India. Singapore-based M&S Partners also participated in the round along with InnerChef ‘s existing investors. The funding will be utilized to build a brand and add more kitchens across our four locations.

Read more - http://economictimes.indiatimes.com/small-biz/money/softbank-ceos-brother-invests-in-innerchef/articleshow/54669233.cms

Indian Gifts Portal secures $2 Million from Karamchand group

October 4, 2016

Indian Gifts Portal (IGP) has raised $2 million in the latest round of funding from the family office of Naveen Arya, one of the three promoters of Karamchand Appliances, and Tarun Joshi, the India director of UK-based private equity firm 3i. The funds will be utilized to develop machine learning technology for the company’s gift discovery platform indiangiftsportal.com

Read more - http://www.vccircle.com/news/technology/2016/10/04/exclusive-indian-gifts-portal-secures-2-mn-karamchand-group

Biocon founder Kiran Mazumdar-Shaw backs cancer startups

October 4, 2016

Kiran Mazumdar-Shaw has invested around INR 11 crore in Philadelphia and Mumbai-based UE Lifesciences, the developer of an affordable breast cancer screening device.

Read more - http://economictimes.indiatimes.com/articleshow/54664969.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

World Art Community raises $200k from existing investors

October 4, 2016

Gurgaon-based Inventive Business Promotions Pvt Ltd which owns and operates online platform World Art Community, has raised a second round of funding of $ 200K from existing investors and more. The funding will be utilized to automate its online platform and expand to new cities across India as well as globally.

Read more - http://economictimes.indiatimes.com/articleshow/54655999.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Hyderabad-based Nettlinx raises $3 Million from strategic investors

October 4, 2016

Internet service provider company Nettlinx has reportedly secured $3 Million (INR 20 Cr) in funding from Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC. Following the transaction, the two investing entities have acquired share warrants in the company on a preferential basis and will now work in conjunction with the Hyderabad-based Nettlinx.

Read more - https://inc42.com/flash-feed/nettlinx-raises-3-mn/

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