Archive News

03/01/2019

Alibaba affiliate may lead big-ticket investment in Zomato as SoftBank eyes Swiggy

Food-tech unicorn Zomato is courting new investors in a bid to raise up to USD 1 billion in fresh funding even as Japanese investment giant SoftBank has cooled its interest and may opt to back rival Swiggy instead.
31/12/2018

Qualcomm AI fund looks to invest in Indian healthcare, mobility-tech startups

Qualcomm Ventures, the investment arm of American chipmaker Qualcomm Inc, aims to back Indian startups in the healthcare, mobility-tech, and financial services space among others under its recently-launched artificial intelligence or AI fund
31/12/2018

Sands Capital, IFC invest more in logistics-tech startup Blackbuck

Zinka Logistics Solutions Pvt Ltd, which operates business-to-business tech-enabled logistics startup Blackbuck, has raised INR 87 crore from existing investors including Sands Capital which led the round and International Finance Corporation, the investment arm of the World Bank.
31/12/2018

Gray Matters Capital invests in three education-focused startups

US-based impact investment firm Gray Matters Capital has invested a total of USD 375,000 in three companies under its edLABS initiative, namely, Delhi-based education financing marketplace GyanDhan, Hyderabad-based English language training organisation Ignis Careers and Cuttack-based social enterprise providing ‘School-in-a-Box’ solution ThinkZone.
28/12/2018

SAIF Partners backs FabAlley in Series B funding round

Delhi NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women’s fashion brands FabAlley and Indya, has raised INR 60 crore in its Series B round of funding from SAIF Partners
26/12/2018

Lightbox Ventures to step up focus on Indian consumer startups

Venture capital firm Lightbox Ventures, which has backed startups such as furniture rental website Furlenco and online kitchen brand Faasos, plans to increase its focus on consumer businesses in 2019, after raising its USD 200 million third fund this year
26/12/2018

HPCL invest pre-seed round in startup Tranzmeo

Kerala-based Tranzmeo, a ‘Nasscom 10,0000’ incubated startup, has secured an undisclosed amount in pre-seed funding from Hindustan Petroleum Corporation Ltd (HPCL) for its artificial intelligence-powered product, T-connect OneView.
26/12/2018

Eight Roads-backed Northern Arc secures USD 28.5 million debt from Dutch bank FMO

Northern Arc Capital, which lends to impact-focused companies and also facilitates debt financing raised INR 200 crore from Dutch development bank FMO via rupee denominated non-convertible debentures (NCDs)
24/12/2018

Mayfield leads Milkbasket’s extended Series A round

Gurugram-based micro-delivery grocery startup Milkbasket has raised USD 7 million in an extended Series A round led by US-based early- to growth-stage venture capital firm Mayfield Advisors
24/12/2018

Mumbai Angels Network bets on nutritional foods brand Proliva

Nutrisattva Foods Pvt Ltd, a company that offers protein-based functional foods under the Proliva brand, has raised funding from the Mumbai Angels Network
24/12/2018

Kalaari, Unilever Ventures lead Shop101’s Series B round

Mumbai-based Shop101, a mobile storefront and commerce platform for sellers, has raised INR 80 crore in a Series B funding round led by venture capital firm Kalaari Capital and consumer goods giant Unilever’s investment arm Unilever Ventures
24/12/2018

Axilor leads fresh funding round in local language social platform Khidki

Location-based local language social platform Khidki has raised an undisclosed sum in a round led by Axilor Ventures the investment firm-cum-accelerator led by Infosys founders Kris Gopalakrishnan and SD Shibulal
24/12/2018

Tencent gets a slice of Swiggy as Naspers leads USD 1 billion funding round

Online food delivery startup Swiggy has raised USD 1 billion in a fresh round of funding led by South African technology conglomerate Naspers, marking one of the single-largest infusions into an Indian startup.
24/12/2018

Venture debt provider Alteria Capital backs healthcare services firm Portea

Venture debt firm Alteria Capital Advisors LLP has invested INR 25 crore in Bengaluru-based healthcare services venture Healthvista India Pvt Ltd, which provides home healthcare services under the Portea Medical brand.
24/12/2018

Impact investor Menterra invests in OmiX Labs, three other companies

Early-stage impact investor Menterra Venture Advisors Pvt Ltd has invested USD 2 million in OmiX Labs, Adiuvo Diagnostics, education company Stones2Milestones and an agri-tech startup whose name it didn’t disclose.
24/12/2018

Info Edge invests more in ed-tech startup NoPaperForms

Delhi-based NoPaperForms Solutions Pvt Ltd, which runs an enrolment management platform for educational institutes, has raised INR 28 crore in a Series B funding round in an all-cash deal from existing investor Info Edge (India) Ltd, which owns job portal Naukri,com.
21/12/2018

Portea Medical parent gets INR 25 crore in debt from Alteria

Venture debt firm Alteria Capital has closed a INR 25-crore funding round in Health Vista India, which owns and operates home healthcare service provider Portea Medical.
21/12/2018

Insurance firm Acko may get a USD 25 million cover from Binny Bansal

Flipkart cofounder Binny Bansal is in talks to invest USD 25 million in new-age insurance startup Acko.
21/12/2018

Tencent gets a slice of Swiggy as Naspers leads USD1 billion funding round

Online food delivery startup Swiggy has raised USD 1 billion in a fresh round of funding led by South African technology conglomerate Naspers.
20/12/2018

Axilor Ventures, others open funding window for Khidki

Hyperlocal regional social content platform Khidki has raised an undisclosed amount in a funding round led by Axilor Ventures and with participation from Astarc Ventures, Gemba Capital, Purple Patch Ventures.
20/12/2018

Fosun, Bertelsmann invest in LetsTransport’s Series B round

LetsTransport, a tech-enabled logistics marketplace for intra-city deliveries, has raised INR 100 crore in a fresh funding round jointly led by Chinese conglomerate Fosun International and strategic investment firm Bertelsmann India Investments
20/12/2018

Mumbai Angels Network bets on nutritional foods brand Proliva

Nutrisattva Foods Pvt Ltd, a company that offers protein-based functional foods under the Proliva brand, has raised funding from the Mumbai Angels Network.
20/12/2018

Kalaari, Unilever Ventures lead Shop101’s Series B round

Mumbai-based Shop101, a mobile storefront and commerce platform for sellers, has raised USD 11 million  in a Series B funding round led by venture capital firm Kalaari Capital and Unilever Ventures
19/12/2018

Generico raises USD 3 million in Series A funding

Generico, a Mumbai-based pharmacy retail startup exclusively selling low-cost generic medicines raised USD 3 million in Series A funding from early stage investment funds Tomorrow Capital and Whiteboard Capital, and angel investor Gagan Goyal.
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