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Recent News

CTE’s Cambridge Innovations backs two US-based startups

August 2, 2016

Cambridge Innovations, the investment and technology platform of Cambridge Technology Enterprises Ltd (CTE), has invested an undisclosed amount of money in two US-based startups, EnerAllies and ComplyGlobal. Cambridge Innovations invests in early-stage ventures and helps them leverage technology, big data and machine learning to disrupt markets through the creation of efficient products and services, and helps them get to their Series A rounds faster.

Read more - http://www.vccircle.com/news/technology/2016/08/02/exclusive-cte-s-cambridge-innovations-backs-two-us-based-startups

Hyperlocal delivery platform Daily Ninja raises funding

August 2, 2016

Subscription-based hyperlocal delivery platform Daily Ninja has raised an undisclosed amount in a pre-Series A round of funding from LetsVenture and TracxnSyndicate investor network platforms. The round saw participation from angel investor Anupam Mittal and Kunal Shah of Freecharge. Led by NuVentures’ Venk Krishnan, the round also saw participation from other key investors such as TaxiForSure cofounder Aprameya Radhakrishna.

Read more - http://tech.economictimes.indiatimes.com/news/startups/hyperlocal-delivery-platform-daily-ninja-raises-funding/53495750

HR tech platform Sheroes raises INR 12 crore in Series-A funding

August 2, 2016

Sheroes a jobs and career platform for women has raised Rs 12 crore in a Series-A funding led by Lumis Partners as part of a larger commitment. Launched in 2014, Sheroes is looking to expand its footprint from 12,000 companies to 30,000 in the next 18 months. It runs a career support helpline that it plans to expand to be able to reach women on their mobile phones. Besides, it plans to scale up its pilots around the work-from-home segment.

Read more - http://economictimes.indiatimes.com/articleshow/53495381.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Food start-up Yumlane raises seed funding from Binny Bansal, Anupam Mittal, others

August 2, 2016

QwikPik Technology Pvt Ltd, which runs food start-up Yumlane, has raised funds in a seed round from Flipkart chief executive officer Binny Bansal and People Group founder Anupam Mittal. It said that the funding round was under $1 million. The funding will be utilized for brand building, marketing initiatives and increasing footprint.

Read more - http://www.dealstreetasia.com/stories/india-yumlane-raises-funds-from-binny-bansal-anupam-mittal-others-49258/

YepMe to open 400 stores by the end of this financial year

August 1, 2016

Fashion retailer YepMe planning to hive off the software unit into a separate entity is in talks with investors to raise $15-20 million for that entity, which it targets to be a large business ensuring high margins. It plans to open 400 stores by the end of this financial year in keeping with the omnichannel strategy followed by most e-tailers to ramp up sales.

Read more - http://economictimes.indiatimes.com/articleshow/53482739.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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