Archive News


SoftBank-backed True Balance raises USD 23 million in fresh funding

True Balance, has raised USD 23 million in a Series B2 funding round from Line Ventures Corporation, South Korean affiliate Naver and TS Investment.

Gray Matters Capital earmarks USD 40 million for education investments in India

US-based impact investment foundation Gray Matters Capital is planning to invest about USD 40 million over the next two years until 2020 in India’s education.

Fitness startup CureFit in talks to raise USD 75 million, to expand offerings

Healthcare and fitness start-up CureFit Healthcare Pvt Ltd is in talks to raise USD 75 million from new and existing investors to expand its fitness and food verticals and enter new businesses.

SaaS startup Fyle gets funding from Pravega, Beenext

Bengaluru-based Fyle, which provides expense management software for enterprises, has raised an undisclosed amount in funding from existing investors Pravega Ventures and Beenext.

Chai Point raises USD 20 million in Series C round led by Paragon Partners

Chai Point chain of tea and snack stores, has raised USD 20 million in a funding round led by Paragon Partners, which also witnessed participation existing investors Fidelity International Ltd’s investment arm Eight Roads Ventures, Saama Capital and DSG Consumer Partners.

Logistics Startup Lynk raises USD 3 Million in Funding

Chennai-based logistics startup Lynk has raised USD 3 Million in funding from the existing investor Ramco Group, P R Venketrama Raja (Chairman – Ramco Systems) and his son Abinav Raja -the Co-founder of Lynk.

Social commerce platform Meesho in funding talks with Sequoia, SAIF Partners

Social commerce platform Meesho is in talks to raise USD 15 million from Sequoia Capital and SAIF Partners

Insurance platform Coverfox raises USD 22 million

Coverfox, has raised USD 22 million in a Series C funding round led by IFC, existing investor Transamerica, SAIF partners, Accel and Narayana Murthy’s Catamaran Ventures also participated in the round.

Goodera in talks with angels to raise up to USD 14 million

Goodera is in advanced talks to raise USD 14 million in a round of funding led by SAIF Partners.

Ola leads USD 7 million round in bike-sharing company Vogo

Ola is leading a USD 7 million round of funding in bikesharing startup, Vogo, along with venture capital investors Stellaris Venture Partners and Matrix Partners India.

Impact firm Omnivore leads funding round in agri-analytics startup AgNext

Chandigarh-based agri-analytics startup AgNext has raised an undisclosed amount of funding in a round led by social impact firm Omnivore.

Indian Angel Network, others invest in healthcare startup PregBuddy

Healthcare startup PregBuddy has secured an undisclosed amount in a seed round led by Indian Angel Network (IAN).

Accel Partners invests in logistics marketplace Cogoport

Mumbai-based Cogo Freight Pvt Ltd, which owns and operates digital freight company Cogoport, has raised an undisclosed amount in Series A funding from venture capital firm Accel Partners

Healthcare financing platform Affordplan raises Series B money

Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round of USD 10 Million from existing as well as new investors, including Lok Capital and Omidyar Network.

Nexus Venture Partners backs e-logistics startup Pando

Bengaluru-based logistics portal Pando Corp Pvt Ltd has raised $2 million in a seed round led by Nexus Venture Partners

WaterBridge Ventures to lead round in used cars marketplace BlueJack

Delhi-based Four Wheel Group (India) Pvt Ltd, which owns online used vehicles marketplace BlueJack, is set to raise around $923,000 in a pre- series A funding round led by investment firm WaterBridge Ventures.

Sleepy Owl Coffee raises USD 500,000 in seed funding round from DSG Consumer Partners

Sleepy Owl Coffee Pvt Ltd, has raised USD 500,000 in a seed round led by Deepak Shahdadpuri-led venture capital firm DSG Consumer Partners.

Fitness startup Curefit adds INR 4.2 crore in cart

Health and fitness platform Curefit raised USD 640,083 in a funding round with participation from Flipkart cofounder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan.

Lightspeed leads Series A round in Brattle co-founder’s tech startup

Lightspeed Venture Partners has led the first institutional round of funding in the three-year-old tech startup launched by a co-founder of Brattle Foods.

Online lending startup Mintifi raises USD 2 million from VC firm

Mintifi has raised USD 2 million in a seed round from impact investment firm Lok Capital.

SAIF Partners-backed Aye Finance gets debt funding from Swiss firm BlueOrchard

Aye Finance Pvt Ltd has raised INR 30 crore in debt funding from Swiss social impact investor BlueOrchard Finance.

Honey Money Top acquires food delivery startup iOrderFresh

Delhi-based supermarket chain Honey Money Top Retails Pvt Ltd has acquired fresh food delivery startup iOrderFresh, operated by Supply Chain Analytics and Technologies Pvt Ltd, for an undisclosed amount.

ZiffyHomes acquires rival home rental platform Nivaasa

Home rental service startup ZiffyHomes has acquired Gurgaon-based rival home rental platform Nivaasa for an undisclosed amount.

PE firm leads new funding round in TVS Group-backed Carcrew

Car-servicing startup Carcrew Technology Pvt Ltd, backed by TVS Group, has raised $2 million (INR 13 crore) in a fresh pre-Series A round led by an undisclosed private equity firm