Archive News

16/07/2018

McXtra nabs USD 1.3 million in pre-Series A

Digital insurance broking startup McXtra has raised USD 1,300,000 in a pre-Series A round of funding from a clutch of undisclosed investors
16/07/2018

Japan’s Incubate Fund leads pre-Series A round in office supplies portal Kobster

Chennai-based Kobster, an online procurement portal for office supplies, has raised an undisclosed amount in a pre-series A round of funding led by Japanese seed investment firm Incubate Fund,Chandigarh Angel Network, Angel Network Middle East (ANME) and investors on the LetsVenture platform also participated in the round.
16/07/2018

Nexus, Version One invest in travel experiences marketplace Headout

US and India-based Headout Inc, which operates a marketplace for local experiences for travellers, has raised USD 10 million (around INR 68 crore) in a Series A round of funding from existing investors Nexus Venture Partners and Version One Ventures.
16/07/2018

Brand Capital backs home diagnostics firm 5th Vital

Home diagnostics services provider 5th Vital has raised USD 500,000 from Brand Capital and a clutch of high net worth individuals (HNIs)
16/07/2018

HNIs invest in AI-based sales startup 19th Mile

Artificial intelligence-based sales acceleration software platform 19th Mile has raised USD 180,000 in angel investment from Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, CTO at payments solutions startup Finxera; Prashant Gupta, head of engineering at Finxera.
16/07/2018

Angels invest in doctor-patient engagement app MEngage

Jaipur-based MEngage Technologies Pvt Ltd, a doctor-patient engagement platform, has raised USD 175,000 in seed funding from Siddharth Agarwal, chief executive of apparels exporter firm Silk Asia and president of TiE Rajasthan; Mahavir Sharma, chairman of Rajasthan Angel Innovators’ Network (RAIN); Amit Singal, co-founder and CEO of support services company […]
16/07/2018

Kids’ healthful snack brand The Mumum Co raises angel funding

Faraway Foods Pvt Ltd, a Mumbai-based startup that sells healthful snacks for children under The Mumum Co brand, has raised angel funds worth USD 500,000 from Nisa Godrej, executive chairman of Godrej Consumer Products Ltd, and Siddharth Parekh and Sumeet Nindrajog, co-founders of private equity firm Paragon Partners.
16/07/2018

CCube Angels Network bets on health foods maker Inner Being

Singapore-based CCube Angels Network has invested around USD 515,000 in health- and nutri-foods maker Inner Being Wellness Pvt Ltd
13/07/2018

Dockless bike sharing startup Mobycy may soon raise USD 3 Million

Gurugram-based bike sharing platform Mobycy may soon raise USD 3 Million from Venture Catalysts, IDG Ventures and Orios Venture Partners.
13/07/2018

Kalaari-backed fintech startup Rubique in talks to raise up to USD 25 million

Kalaari Capital-backed Rubique Technologies Pvt Ltd, an online lending marketplace for financial products, is in talks to raise USD 25 million in a round, which will see participation from Kalaari Capital,Japan’s Recruit Group, and Russian venture capital management company Emery Capital.
13/07/2018

Tiger Global buys USD 1 billion stake in ‘undervalued’ SoftBank

US hedge fund Tiger Global has built a stake worth over USD 1 billion in SoftBank Group Corp as it considers the Japanese firm undervalued.
13/07/2018

HNIs invest in AI-based sales startup 19th Mile

Artificial intelligence-based sales acceleration software platform 19th Mile has raised USD 180,000 in angel investment from Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, chief technology officer at payments solutions startup Finxera; Prashant Gupta, head of engineering at […]
13/07/2018

Brand Capital backs home diagnostics firm 5th Vital

Home diagnostics services provider 5th Vital has raised USD 500,000 from Brand Capital and a clutch of high net worth individuals (HNIs).
13/07/2018

Nexus, Version One invest in travel experiences marketplace Headout

US and India-based Headout Inc, which operates a marketplace for local experiences for travellers, has raised USD 10 million (around INR 68 crore) in a Series A round of funding from existing investors Nexus Venture Partners and Version One Ventures.
12/07/2018

Sashi Reddi launches USD100 million tech-focused early stage VC fund

The venture capital firm SRI Capital’s Sashi Reddi has launched a USD 100 million early stage venture fund to invest in enterprise software ventures special focus will be on startups working on deep technology
12/07/2018

Stellaris leads Series A round in social commerce platform Shop101

Mumbai-based Shop101, a mobile storefront and commerce platform for sellers, has raised USD 5 million (INR 34 crore) in a Series A round led by Stellaris Venture Partners
12/07/2018

Fireside Ventures bets on activity-based education brand Magic Crate

Funfinity Learning Solutions Pvt Ltd, which runs a startup called Magic Crate that offers activity-based learning kits for children, has raised an undisclosed amount in its pre-Series A round led by Fireside Ventures, an early-stage consumer-focused firm.
12/07/2018

IAN, YourNest invest in virtual reality startup SmartVizX

Virtual reality (VR) startup SmartVizX has raised INR 10 crore in a pre-Series A funding round led by Indian Angel Network’s eponymous IAN Fund and angel fund YourNest Venture Capital.
12/07/2018

Microlender Sambandh gets equity funding from Singapore investor

Sambandh Finserve Pvt Ltd has raised USD 2,500,000 in equity funding from Singapore-based Base of Pyramid Asia (BOPA) Pte Ltd
11/07/2018

Alibaba Group backed eWTP Fund allies with Ganesh Ventures for USD 250 million India fund

Alibaba Group backed technology vehicle eWTP Ecosystem fund has stepped up his aggressive push into India by joining forces with a USD 250 million Chinese venture capital fund called Ganesh Ventures.
11/07/2018

Tata Motors picks up 26% stake in TruckEasy

Tata Motors Finance Holdings, a wholly owned subsidiary of Tata Motors Limited, has picked up a 26% stake in TruckEasy, a tech based freight aggregator owned by Loginomics Technologies Solutions Limited, a Bangalore based logistics company.
11/07/2018

Genext Students raises USD 250,000

Edtech startup Genext Students has raised USD 250,000 in a bridge round from undisclosed investors
11/07/2018

Placio acquires Paco Meals, raises funding

Noida-based student housing startup Placio has acquired subscription-based food startup Paco Meals and raised USD 50,000 in a seed funding round for the new food business.
11/07/2018

Kinara Capital gets debt funding from Swiss impact investor ResponsAbility

Non-banking financial company Kinara Capital has raised INR 32 crore (USD 5 million) from Switzerland-based impact investor ResponsAbility Investments AG by issuing non-convertible debentures.
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