Archive News

31/05/2018

IFC proposes USD 40 million investment in packaging products firm Time Technoplast

International Finance Corporation, a member of the World Bank Group, has proposed to invest about USD 40 million million in Time Technoplast Limited (TTL), an Indian manufacturer of polymer-based industrial packaging products
31/05/2018

Treebo Hotels acquires Bengaluru-based travel startup Events High

Budget hotel chain Treebo Hotels, operated by Ruptub Solutions Pvt Ltd, has acquired Bengaluru-based travel start-up Events High, which operates an online discovery platform for local events and activities.
30/05/2018

Hero Electronix acquire IoT startup Zenatix

Hero Electronix, part of the Hero Group, has acquired Gurgaon-based Zenatix, an enterprise-focused Internet-of-things company, for an undisclosed amount.
30/05/2018

Payments startup ToneTag raises up to USD 10 million from  Amazon

Naffa Innovations Pvt Ltd, which operates digital payments start-up ToneTag, has raised USD 8-10 million from a clutch of marquee, strategic investors led by Amazon Inc and Mastercard.
30/05/2018

Vokal acquihires quizzing app company StupidChat

Vokal, which runs a knowledge-sharing platform, has acquihired quizzing app firm StupidChat Technologies in an all-stock deal.
30/05/2018

Powerhouse Ventures leads Series A round in fin-tech startup OroWealth

Mumbai-based wealth management startup OroWealth has raised INR 11 crore in a Series A funding round led by US-based venture capital firm Powerhouse Ventures.
30/05/2018

Kalaari, Omidyar invest in digital insurance platform Toffee

Digital insurance platform Toffee has raised  around INR 10 crore in seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab.
30/05/2018

Social-impact investor Menterra leads investment in startup FarmFolks Agro

Social-impact investor Menterra Venture Advisors has led a funding round in FarmFolks Agro Pvt Ltd, which advises farmers and sells their fruit and vegetables to retail chains.
30/05/2018

Hyderabad energy company backs forex services startup Myforexeye

Delhi-based Myforexeye Fintech Pvt Ltd, which provides foreign exchange services, has raised a bridge round of USD 500,000 from energy firm InRhythm Energy Ltd.
30/05/2018

BCCL backs natural products marketplace Qtrove via ad-for-equity deal

Bennett, Coleman & Co Ltd (BCCL), a media conglomerate better known as the publisher of English daily The Times of India, will invest USD 52 million (INR 350 crore) over five years in Qtrove, a marketplace for natural eco-friendly handmade product.
29/05/2018

NRI Startup India to float early-stage investment fund

NRI Startup India, a scaling platform that connects non-resident Indians and domestic startups, is set to launch a fund to invest in early-stage ventures.
29/05/2018

Realty group backs SaaS startup Blueleaf Cyberspace

Blueleaf Cyberspace Systems Pvt Ltd, a cloud based software-as-a-service (SaaS) platform that offers attendance and productivity management tools, has received an undisclosed amount of seed funding from Bengaluru-based real estate firm Ferns Estate and Developers.
29/05/2018

MobileWalla raises USD 12.5 million series B funding

MobileWalla, the US-based next-generation consumer data company, has raised USD 12,500,000 in a Series B funding round from New York-based GCP Capital, Madrona Venture Group, and a new investor, ATW Partners.
29/05/2018

iNurture acquires edtech startup KRACKiN for undisclosed amount

Ventureast-backed edtech startup iNurture, which provides industry-related skill courses, has acquired similar skill-based edtech platform — KRACKiN — for an undisclosed amount.
29/05/2018

YCook gets USD 5 million from Binny Bansal-backed O21 Cap

YCook, an organic, ready-to-cook processed foods startup, has raised USD 5 million in a Series-B round from venture capital firm 021 Capital, Netherlands-based impact fund Oikocredit and existing backer Omnivore.
29/05/2018

Angels invest in home healthcare aggregator HealWell24

HWell24 Plus Healthcare Pvt Ltd, which operates home healthcare aggregator under the brand HealWell24,has raised USD 200,000 in its pre-Series A round of funding from Prashant Mehta, Mitali Pawar, Nikhil G and Bhavesh P, members of Indian Cooperative Oncology Network (ICON); and angel investor R Ranganathan are the new investors.
28/05/2018

Amazon leads USD 12 million funding round in Acko; ChrysCap founder Ashish Dhawan also comes on board

Ecommerce giant Amazon has led a USD 12 million funding round in Acko Technologies, which owns online general insurance provider Acko General Insurance, with Ashish Dhawan, founder of private equity firm ChrysCap.
28/05/2018

Indonesian VC firm backs location intelligence platform LifeSight

Singapore-based LifeSight, an artificial intelligence-powered location intelligence platform, has raised USD 2 million in a pre-Series A round led by the shareholders of Indonesia-based investment firm Provident Capital Partners.
25/05/2018

RIL arm invests USD 1.5 million in digital healthcare startup KareXpert

Reliance Industries Ltd has, through its investment arm Reliance Industrial Investments and Holdings Ltd, invested INR 10 crore in Gurgaon-based digital healthcare technology platform KareXpert Technologies Pvt Ltd.
25/05/2018

Actor Hrithik Roshan put INR 6 crore in healthcare startup Curefit

Bengaluru-based fitness startup Cure,Fit has raised  INR 6 Cr from Bollywood actor Hrithik Roshan.
25/05/2018

Omphalos backs ex-Flipkart execs’ reverse auction-based e-comm firm

Arzooo,com, a reverse auction-based e-commerce platform launched by two former Flipkart executives, has raised an undisclosed amount in seed funding from early-stage investment firm Omphalos Ventures India.
25/05/2018

Clean-tech firm Bonphul Air Products raises angel funding

Bonphul Air Products Pvt Ltd, which makes an oxygen optimiser called OxyMax, has received INR 2 crore (around USD 293,000) in angel funding.
24/05/2018

IAN’s first fund raises USD 33 million for its VC fund

The Indian Angel Network (IAN) has raised more than INR 227 crore from India Infoline, Yes Bank, Max Group, Grey Matters Capital , Hyundai, retail investors Kris Gopalakrishnan and Kanwal Rekhi participated in the fundraise.
24/05/2018

Luxury holiday home developer Isprava gets INR 21 crore in second round

Luxury holiday home developer Isprava has raised INR 21 crore (over USD 3 million), in its second institutional round of funding led by the Godrej family office, Anand Piramal, son of billionaire businessman Ajay Piramal, and the Taparia family office.
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