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Self-publishing startup, Notion Press raises $1 Million from HNI’s

August 29, 2016

Chennai-based self-publishing startup, Notion Press, has raised $1 Mn in Pre-Series A funding from undisclosed HNIs. The deal will help the platform consolidate its market leadership, strengthen its management team and expand its services in the market. The funding will be utilized to intensifying coverage across India and fuel operations internationally.

Read more - https://inc42.com/flash-feed/notion-press-1mn-hnis/

On Demand talent marketplace Zolo raises seed funding, looks to expand to other cities

August 29, 2016

Noida-based on-demand talent marketplace, Zolo, has raised an undisclosed amount of seed funding from Switzerland-based Software company Hitouch AG.The funding will be utilized to expand to other cities after establishing base in Delhi-NCR. Also, Zolo intends to add more categories and services to its portfolio. Apart from the funding, Zolo is a continuous cash flow model currently making 7-10% on every transaction.

Read more - https://inc42.com/flash-feed/zolo-seed-funding/

LoanTap raises $3m from HNIs

August 29, 2016

LoanTap Financial Technologies Pvt Ltd, an online non-banking financial company (NBFC), has raised $3 million (INR 20 crore) from Mumbai-based high-net-worth individuals Abhishek Pandey and Jaysukh Sapra. 85% of the funding will be utilized to extend loans and the rest to strengthen its technology and marketing.

Read more - http://www.dealstreetasia.com/stories/india-loantap-raises-3m-from-hnis-51848/

Biotech company Mitra Biotech raises $27.4 Million

August 29, 2016

Mitra Biotech Inc,  a biotech company that develops and provides technologies that personalize cancer treatment, has raised approximately INR 184 crore in a Series B round of financing led by Sequoia India and Sands Capital Ventures.Mitra Biotech is engaged in supporting personalized oncology therapy selection and drug development. Founded in 2010, Mitra is based in Boston, and maintains a significant research and laboratory presence in Bengaluru. The funding will be utilized to expand the availability of its CANScript service, which predicts personalized responses to cancer treatments.


Read more - http://www.livemint.com/Companies/YgXqrYvMeH8eVqByb2FblK/Mitra-Biotech-raises-274-million.html

Mobikwik to get $40 Million from South African payment firm Net1

August 29, 2016

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card technology across MobiKwik wallets.

Read more - http://www.vccircle.com/news/technology/2016/08/26/mobikwik-get-40-mn-south-african-payment-firm-net1

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