Archive News


Citrus Pay co-founder’s Cube Consumer raises seed funding

Mobile banking portal operator Cube Consumer Services Pvt Ltd, which was launched by co-founder of online payments company Citrus Pay, Satyen Kothari, has raised its first external funding.

IFC invests $3 Million in AI-focused fund of pi Ventures now

International Finance Corporation (IFC), the investment arm of the World Bank Group, is investing $3 million in pi Ventures’ maiden fund. An early-stage investment firm, pi Ventures is focused on startups in the area of applied artificial intelligence, machine learning and internet of things (IoT).

Family office of Lahari Music invests in two startups

The family office of Lahari Music, one of South India’s record labels, invested an undisclosed amount in two startups, a move that is aimed at diversifying its businesses beyond music. The investments are in Happn, a Paris-based global dating application with over 25 million users, and WhatsLoan, a fintech platform […]

Foodpanda raises $431.45 Million, aims for a bigger bite of the foodtech pie in India

Prominent foodtech player Foodpanda announced a around INR 3,000 crore round of funding on Monday. South African broad-based multinational internet and media group Naspers has infused these funds into its parent company, the Germany-based food ordering and delivery marketplace Delivery Hero, which acquired Foodpanda from Rocket Internet.

US-based Ebix to invest $120 Million for stake in Indian digital payment provider ItzCash

US-based software firm Ebix Inc will pay INR 800 crore ($120 million) for a majority stake in Indian payment provider ItzCash. Ebix will acquire an 80% stake in ItzCash.

Witlinger beer maker raises pre-Series A round

Delhi-based Kaama Impex Pvt Ltd, which sells craft beer under the brand Witlinger, has raised its pre-Series A round of funding from two high net-worth individuals (HNIs.

BOX8 raises INR 7 Crores of venture debt from Trifecta Capital as part of its INR 50 Crore series B round

Online food tech company BOX8 has raised INR 7 crores in venture debt funding from Trifecta Capital. The capital infusion is in addition to the INR 50 crores that Box8 raised in its series B round from IIFL Seed Ventures Fund & Mayfield.

Japanese VC firm GREE Ventures marks final close of second fund

Japanese venture capital firm GREE Ventures, which has already struck two deals in India, has hit the final close of its second fund at $67 million (around INR 431 crore). GREE Ventures is a subsidiary of GREE Inc, a Japanese gaming and social networking firm.

Acko gets a INR 200-Crore cover from investors

In the first major funding round for a startup in the insurance tech space, Mumbai-based Acko General Insurance, set up by Coverfox founder Varun Dua, has racked up $30 million (INR 200 crore) in its seed round. Investors include high-profile backers like Narayana Murthy and Kris Gopalakrishnan of Infosys, DSP […]

Ummeed Housing Finance raises $5.6 Million in Series B funding

Ummeed Housing Finance Pvt Ltd has raised Series B funding of INR 36 crore from existing investors Lok Capital Growth Fund and Duane Park. The fresh round of investment will help the company expand in new locations in northern and central India. It will also invest in social, mobile, analytics […]

Realty-tech startup Zipgrid raises $500K from JLL, 1Crowd

Zipgrid, a startup that provides technology and knowledge services to housing and commercial communities, has raised $500,000 in a pre-Series A round of funding from property consultancy firm Jones Lang LaSalle (JLL) and existing investor 1Crowd, a crowdfunding platform. The funding will be utilized to upgrade technology infrastructure and operations.

Travel-tech startup Travelspice raises seed round

Travel e-commerce platform Travelspice has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures. The funding will be utilized for marketing and product development.

Sotheby’s Indian arm RealPro Realty raises $7m from BCCL, HNIs

RealPro Realty Solutions Pvt Ltd, an Indian arm of luxury real estate advisory services provider Sotheby’s International Realty, has raised $7 million from Brand Capital and some undisclosed high-net-worth individuals (HNIs). Post this capital infusion, the company aims to open more offices, expand its team size and set up more […]

This logistics startup gets a INR 200-crore Delhivery from Fosun

Logistics venture Delhivery has received $30 million (about INR 200 crore) in funding from Chinese conglomerate Fosun International as part of a larger equity financing round that also saw the participation from bulge bracket buyout specialist The Carlyle Group. The funding values the six-year-old company at about $650 million.

Health food startup HealthSutra raises pre-Series A round

HealthSutra, a Hyderabad-based health food maker, has raised an undisclosed amount in pre-Series A funding from social venture fund Ankur Capital and Hyderabad Angels. Fountainhead Foods Pvt. Ltd, which runs HealthSutra, manufactures and markets packaged foods made from millets, i.e, jowar, bajra and ragi.

Fashion portal Yepme raises funding from Gokaldas Exports

Delhi-based VAS Data Services Pvt Ltd, which runs fashion e-commerce firm Yepme, has raised an undisclosed amount in funding from listed garment exporter Gokaldas Exports Ltd (GEX). The firm will use the funds for the operations of its UK entity, Yepme UK Plc which deals in fashion products exclusively for […]

Xiaomi to back startups that enhance mobile experience, says India head Manu Jain

Chinese smartphone maker Xiaomi Inc is looking to invest in companies that can help improve mobile and software experience, and whose services can be integrated into Xiaomi phones to provide a superlative experience. The investment could range from a few million dollars to tens of millions of dollars, or even […]

FreeCharge raises INR 22 Crore from Jasper Infotech

Jasper Infotech, which owns and operates digital payments platform FreeCharge, has made a Rs 22-crore capital infusion in the company. FreeCharge Payment Technologies, at its Board meeting held on April 28, allotted 2.2-crore equity shares at a price of Rs 10 per share to Jasper Infotech.

Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion

Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of INR 9,000 crore in One 97 Communications which owns mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth […]

Consumer start-up EzCred raises more than $1 Million in fund

Bengaluru-based consumer lending startup EzCred has raised more than $1 million from a clutch of angel investors in its first round of funding. EzCred has a unique model of offering digital loans at offline points of sale, in contrast to several other online lending startups which offer credit or loans […]

SoftBank to get $1 bn from Japan’s Sharp for Vision fund

Sharp Corp will invest up to $1 billion in SoftBank Group’s planned $100 billion Vision fund and aims to tap advanced technologies through the investment. Taiwan’s Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm Inc.

RBI paperwork done, Paytm Payments Bank will open on May 23

India’s leading digital wallet provider Paytm has received a final licence from the Reserve Bank of India for its payments bank, clearing the way for its launch next week.

Honeywell floats $100 Million venture fund to back tech startups

Honeywell International Inc has launched a $100 million investment fund that will focus on technology startups. Aerospace will be one of the key focus areas of the fund.

Fintech startup PaySense gets $5.3 Million in Series A

Fintech startup PaySense, which runs a digital credit platform, has raised its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 Million from Nexus Venture Partners and angel investors in 2015.