Bengaluru-based Bitcoin startup, Unocoin has raised approx INR 10 Crore in a funding round from Blume Ventures, Mumbai Angels and ah! Ventures along with international investors such as Digital Currency Group, Boost VC, Bnk to the Future and FundersClub. The funding will be utilized for product development, team expansion and geographical expansion.
IvyCamp and Zhucloud have entered into a partnership to provide Chinese investors access to Indian startups.IvyCamp is a unified technology-based platform for innovation and entrepreneurship, is an initiative of IvyCap Ventures. Zhucloud is an initiative of Incapital.
Social networking platform for writers Kalaage has received funding from Rajasthan Angel Innovators Network. The funding will be utilized to enhance its technology and collaborations with publications and writing communities. It will also be used to expand its marketing and operations in the South Asian market and enter the North American market as well.
Zee Entertainment Enterprises Ltd (ZEEL), which operates entertainment channels like Zee TV and Zee Cinema forays into radio broadcasting space with the acquisition of UAE-based radio station. ZEEL already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.
Fastudent, an education e-commerce platform that sells everything from textbooks to stationery for students, has raised an undisclosed amount of Pre-Series A funding from a bunch of investors. The startup will be expanding to private schools in other markets like Bangalore, Pune and Mumbai by 2017. Fastudent has 200 institutes in the the NCR region as clients and hopes to add another 1,000 in the near future.