Archive News

09/06/2017

JustCode Acquires Online Job Recruitment Startup Jobspire

JustCode, a New York-based interviewing platform has acquired Bengaluru-based online job recruitment platform Jobspire in a deal which aims to extend JustCode’s operations in the country and to further strengthen its core products for employers.
09/06/2017

SREI, Russia’s Vnesheconombank to create $200 Million IT fund

SREI Infrastructure has signed a pact with Russia’s state development institution Vnesheconombank to set up a $200 million IT and innovation fund to invest in the fields of technology and innovation.
09/06/2017

Lodha Ventures plans to launch $100 Million VC fund

Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, is planning to launch a $100 million venture capital fund to invest in early-stage consumption-led companies.
09/06/2017

Fitness-tech startup Stratfit secures $232k funding

New York-based Stratfit Technologies Pvt Ltd has secured $232,000 in funding from Bodhtree Consulting Limited (BCL).
09/06/2017

Guiddoo gets $300k funding in pre-Series A round

Travel technology site Guiddoo has received $300,000 in a pre-Series A round of funding from individual investors Manish Prasad, Vineet Varma, Nick Haulkoury and Abhai Rao.
09/06/2017

Chinese smartphone maker iVOOMi to invest INR 250 crore in India

Chinese electronics firm iVOOMi has committed to invest INR 250 crore to further strengthen its entry-level smartphones segment in India.
08/06/2017

Norwest places early-stage bets in Multiplier Solutions, ABI Health

Norwest has invested a total of $3 Million in equal halves in Hyderabad-based Multiplier Solutions and Bengaluru-headquartered ABI Health.
08/06/2017

Gurgaon-based Roofpik buys Shoppist

Gurgaon-based Roofpik, an online property review platform, has acquired personalised product delivery platform Shoppist in order to strengthen its core team and bring personalised property recommendations to its users.
08/06/2017

IDG Ventures, Unilever, AWS team up to invest in Indian early-stage tech startups

Venture capital firm IDG Ventures India Advisors Pvt Ltd has partnered with Unilever Ventures Ltd, the venture arm of consumer packaged goods company Unilever Plc, and Amazon Web Services Inc (AWS) to launch an initiative to invest between $500,000 and $5 million in early-stage tech start-ups of India.
08/06/2017

Growfitter gets $600k funding from VC SQue Capital

Health and fitness discovery platform Growfitter has raised $600k in a pre-Series A round of funding from San Francisco-based VC SQue Capital.
08/06/2017

Hungry Foal secures debt funding from SBI

Hungry Foal, a Gurgaon-based for-profit social venture, which is approaching the issue of malnutrition from an innovative, sustainable and scalable way has raised an undisclosed amount in debt funding from State Bank of India under Stand up India Scheme.
08/06/2017

Online lending platform ZipLoan raises pre-Series A round

Online lending platform ZipLoan, which is operated by Delhi-based Blue Jay Finlease Ltd, has raised $650,000 in its pre-Series A funding round led by WaterBridge Ventures.
07/06/2017

India-focused Lightbox may raise new fund of $100 Million next year

Venture capital (VC) firm Lightbox, which has so far raised two India-focused funds and backed start-ups such as Faasos, Embibe, Furlenco and Droom, may raise a new fund next year with a corpus of $100 million after completing the last few investments from its current fund.
07/06/2017

India Quotient to invest in 25 startups through its new fund

Early stage-investor India Quotient is looking to invest seed capital in around 25 startups through its new fund with a target corpus of around $50 million going to $80 million with a greenshoe option.
07/06/2017

Health-tech startup Healthbuds raises seed round

Healthbuds, a portfolio company of accelerator Neoleap Business Ventures LLP, has raised an undisclosed amount from Kolkata-based angel investors Arun Patodia and Bharat Kedia at a pre-money valuation of INR 9 crore.
07/06/2017

Blume Ventures invests more in BHIVE Workspace

Bangalore-based Tusker Workspace Pvt Ltd, which runs co-working startup BHIVE, has approximately INR 8 crore in fresh funding led by existing investor Blume Ventures, Ramesh Aravind, managing director of construction firm SKCL Meera Reddy and some high net-worth individuals.
06/06/2017

Ftcash gets funds from 500 Startups

Mumbai-based payments startup Ftcash has raised an undisclosed amount in funding from Silicon Valley based venture capital fund 500 Startups as part of its pre-series-A round.
06/06/2017

Spinny gets $1 Million in seed funding

Gurgaon-based used car platform Spinny has raised $1 Million in a seed-funding round led by Blume Ventures, Indian Angel Network and FreeCharge co-founders Kunal Shah and Sandeep Tandon.
06/06/2017

Alibaba Pictures acquires majority stake in Chennai-based TicketNew

Alibaba Group’s entertainment arm Alibaba Pictures has acquired a majority stake in India’s second-largest online ticketing platform, TicketNew.
06/06/2017

IDG Ventures-backed Aasaanjobs acquires rival mHire

Recruitment services marketplace Aasaanjobs has acquired Noida-based rival mHire in a cash-and-stock deal to increase its presence in north India and expand its client base.
06/06/2017

Sundaram Finance backs online education loans marketplace GyanDhan

GyanDhan, an online marketplace for education loans operated by Delhi-based Senbonzakura Consultancy Pvt Ltd, has secured an undisclosed amount from Sundaram Finance Holdings, a subsidiary of Chennai-based Sundaram Finance Ltd.
06/06/2017

Fintech platform MaxMyWealth raises funds from two UK firms

London- and India-based Heathwalk Advisors Pvt Ltd, which runs financial technology platform MaxMyWealth, has raised an undisclosed amount in funding from an alternative asset management firm, an investor in the blockchain ecosystem Global Advisors (Jersey) Ltd and diversified investment company Horseferry.
05/06/2017

Fosun Kinzon Capital aims to deploy $100 mn in India by year-end

Fosun Kinzon Capital, the venture capital arm of Chinese conglomerate Fosun International, aims to invest $100 million in Indian companies by the end of 2017.
05/06/2017

Online insurance broker Coverfox raises Series C round

Mumbai-based online insurance broking firm Coverfox has raised its Series C funding round from a bunch of new and existing investors.
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