Archive News

19/07/2018

Mahindra Finance invests in P2P lending startup RupeeCircle

Mumbai-based peer-to-peer (P2P) lending startup RupeeCircle will receive INR 4 crore (around USD 588,000) from non-banking financial company Mahindra Finance
18/07/2018

Cars24 tanks up for a INR 340 crore ride

Cars24, the online marketplace for buying and selling used cars, has completed an investment raise of about USD 50 million (INR 340 crore) to fuel its expansion from Sequoia Capital India and two of Cars24’s existing investors — Cayman Islands-based Kingsway FCI Fund and Toronto-based KCK Global.
18/07/2018

Amazon injects USD 34 million in payments arm

E-commerce giant Amazon has invested INR 230 crore (USD 34 million) into its Indian digital payments arm Amazon Pay.
18/07/2018

Zaggle buys payments firm Click&Pay

Zaggle, a payments and group dining company backed by Dubai-based investors has acquired Hyderabad-based payments firm Click&Pay in a cash-and-stock deal.
18/07/2018

Foyr raises USD 4 Million extended Series A

Singapore-headquartered home decor solutions startup Foyr has raised around USD 4 million in an extended Series A round of funding from early-stage venture capital firm SRI Capital, property consultancy firm Jones Lang LaSalle (JLL).
18/07/2018

SaffronStays gets USD 2 million in Pre-series A fund round

Micro-hospitality startup has raised about USD 2 million from consumer-centric venture capital firm Sixth Sense Ventures the pre-series A investment marks the first institutional round into the firm.
18/07/2018

Creation Investments, Falcon Edge lead Series C funding round in OfBusiness

OFB Tech Pvt Ltd, which operates fin-tech platform OfBusiness, has secured USD 29 million (INR 200 crore) in a Series C round of funding led by Creation Investments and hedge fund Falcon Edge investors.
18/07/2018

Former Mu Sigma, Ola top execs & others invest in photo-sharing app Vebbler

Photo-sharing app Vebbler has raised an undisclosed amount in a pre-Series A round of funding from Ambiga Subramanian, former chief executive of big data firm Mu Sigma; Dino Morea, film actor; Nikhil Chinapa, television host and disc jockey; Anurakt Jain, vice president at ad-tech firm InMobi; Sanjay Ramakrishnan, former senior director […]
17/07/2018

Times Internet-backed Affle at USD 375 Million

Indian hedge fund values local arm of Times Internet-which manages assets worth over USD 15 billion, has agreed to buy shares for USD 375 million in the local arm of Singapore-based mobile solutions company Affle Holdings Pte Ltd.
17/07/2018

Japanese gaming firm, People Group’s Anupam Mittal back StayAbode

Bengaluru-based StayAbode Ventures Pvt Ltd, a startup that provides co-living spaces, has raised an undisclosed amount in a pre-Series A round of funding from Anupam Mittal, CEO at People Group, the parent of matrimonial website Shaadi.com, Vineet Sekhsaria.
17/07/2018

Sequoia, three other VC firms invest USD 21 million more in Unacademy

Online learning platform Unacademy has raised USD 21 million (INR 144 crore) from existing investors Sequoia Capital, Nexus Venture Partners and SAIF Partners.
16/07/2018

Reliance Entertainment backs Wishberry

Crowdfunding platform Wishberry has raised INR 10 crore in a Series A round of funding with participation from Anil Ambani’s Reliance Entertainment, early-stage investment firm 3one4 Capital, and Sunil Patil, a director on the board of digital cinema firm Scrabble Entertainment.
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 […]
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