Archive News

04/04/2018

India Quotient marks first close of third fund, mulls bigger bets

Venture capital firm India Quotient has marked the first close of its third fund at $30 million (INR 195 crore), with the final close is expected within the next six to nine months at $60 million.
04/04/2018

ChrysCapital leads $55 million round in school finance company Varthana

Home-grown private equity firm ChrysCapital led a INR 350-crore ($55-million) Series C funding round in Bengaluru-based school finance company Thirumeni Finance Pvt Ltd, which operates under the Varthana brand.
04/04/2018

Nexus Venture Partners backs online lending platform Namaste Credit

Bangalore-based Namaste Credit, an online lending platform for small and medium enterprises, has raised $3,800,000 in a Series A round of funding from Nexus Venture Partners.
04/04/2018

Nexus leads Series B funding in employee transportation firm MoveInSync

Office commute automation platform MoveInSync has raised $8 million (INR 52 crore) in a Series B round of funding led by homegrown venture capital firm Nexus Venture Partners
03/04/2018

Exfinity, others infuse $2 million in fitness portal Fitternity

Mumbai-based online fitness discovery platform Fitternity Health E-solution Pvt Ltd has raised over $2 million (INR 13 crore) from existing and new investors led by Saha Fund and Exfinity Venture Partners.
03/04/2018

Subhkam Ventures leads investment round in social media analytics firm Synctag

Social media analytics platform Synctag has raised INR 2 crore ($307,600) in a fresh round of funding led by Mumbai-based Subhkam Ventures
03/04/2018

HR tech startup Benepik raises seed funding

Gurgaon-based HR tech startup Benepik Technology Pvt Ltd has raised an undisclosed amount in seed funding from a group of investors, including Vishal Bali, managing director at Nielsen China.
03/04/2018

Paytm Mall to raise $446 million from SoftBank and Alibaba

Online e-commerce marketplace Paytm Mall, operated by Delhi-based Paytm E-commerce Private Limited, is set to raise around $446 million from Japanese Internet conglomerate SoftBank and existing investor Chinese e-commerce behemoth Alibaba
02/04/2018

Tokyo-based Dream Incubator leads funding in e-pharmacy Myra

Bengaluru-based Metarain Software Solutions Pvt Ltd, which runs online pharmacy app Myra, has raised about INR 12 crore in a fresh round led by Tokyo-headquartered management consulting firm Dream Incubator
02/04/2018

Vijay Shekhar Sharma, others invest in tech news startup FactorDaily

Bengaluru-based technology news portal FactorDaily has secured $875,000 in a fresh funding round from Freshworks promoter Girish Mathrubootham and Paytm founder Vijay Shekhar Sharma
30/03/2018

Carmel Organics raises first round of funding led by Ankur Capital

Carmel Organics, the supplier of medicinal herbs, has raised an undisclosed amount in their first round of funding led by Ankur Capital
30/03/2018

Gaming Startup Smaaash Raises INR 40 crore ($6.17) Mn Funding From HNIs

The Sachin Tendulkar backed gaming company Smaaash has raised INR 40 crore funding from 23 High Net-worth Individuals (HNIs)
30/03/2018

Google leads Series C funding round in fashion portal Fynd

Mumbai-based online fashion marketplace Fynd, run by Shopsense Technologies Pvt Ltd, has closed its Series C round of funding led by tech giant Google
30/03/2018

Sixth Sense Ventures comes as anchor investor in AVG Logistics

Third-party logistics services provider AVG Logistics Ltd has raised little over INR 9 crore as anchor investment from consumer-focused venture capital firm Sixth Sense Ventures ahead of its initial public offering
29/03/2018

Chinese VC firm leads pre-Series A round in fintech startup Smart Coin

Bengaluru-based fintech startup Smart Coin has raised $2 million (INR 13 crore) in a pre-Series A funding round led by an undisclosed Chinese venture capital firm.
29/03/2018

Angel investors back grocery e-tailer Delybazar

Kolkata-based e-grocery startup Delybazar has raised $300,000 (INR 2 crore) in a pre-Series A funding round a clutch of investors including Pune-based Kalyan Guha, a senior executive at a French multinational, and Kolkata-based Rana Safui, who runs a real estate business in West Bengal and Orissa.
27/03/2018

HNIs invest in vehicle tracking startup Roadcast

Online vehicle tracking platform Roadcast has raised $250,000 in an angel round of funding from undisclosed high-net worth individuals from the United Arab Emirates.
27/03/2018

Ratan Tata tops up investment in news portal The Print

News portal The Print has raised around $5,35,000 from existing investor, Tata Sons chairman emeritus Ratan Tata.
27/03/2018

Former Google exec Amit Singhal backs DriveU

Bengaluru-based DriveU, which connects chauffeurs with private-car owners, has raised $3 million in a pre-Series A round led by Amit Singhal, co-founder of education non-profit Singhal Foundation.
27/03/2018

Initia Holdings, others back digital lender Cash Suvidha with pre-Series A money

Online microlending platform Cash Suvidha has raised $1-million in pre-Series A funding from Initia Holdings Ltd India Industrial Growth Fund’s principal partner Vipin Agarwal.
27/03/2018

Quona Capital raising $150-200 million emerging market fund

Venture capital firm Quona Capital, which is investing out of its second fund for emerging markets, including India, has hit the road for a new fund with a corpus of $150-200 million.
27/03/2018

1Crowd leads pre-Series A round in fintech startup Creditas

Fintech startup Creditas Solutions Pvt Ltd has raised an undisclosed amount in a pre-Series A funding round led by 1Crowd, an equity crowdfunding platform.
27/03/2018

News portal The Ken raises second round of angel funding

The Ken, a subscription-based news startup, has raised around $228,000 from a group of individual investors including Siddharth Bhammar, executive director of investment bank JP Morgan; Anchal Jain, former executive at JP Morgan; and Murali Abburi, managing director of Graticule Asset Management Asia.
27/03/2018

Alteria Capital invests in Sachin Tendulkar-backed Universal Sportsbiz

Venture debt firm Alteria Capital Advisors LLP has invested in INR 30 Crore Sachin Tendulkar-backed celebrity fashion firm Universal Sportsbiz Pvt. Ltd.
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