Archive News

28/06/2018

Wow Express raises USD 4.5 million to expand to over 100 cities by 2019

Mumbai-based ecommerce delivery platform Wow Express has raised USD 4,500,000 in a Series A round of funding from the existing investor Tamarind Family Private Trust of the Mansukhani family.
28/06/2018

Times Internet acquires majority stake in MX Player for USD 146m

India’s Times Internet Ltd bought a majority stake in MX Player for over INR 10 billion (USD 146 million), as it ventures into the video streaming space.
28/06/2018

Creation Investments invests afresh in money transfer firm Eko

Gurugram-based Eko India Financial Services Pvt Ltd, which provides domestic remittance services, has raised INR 10 crore from US-based impact investor Creation Investments
28/06/2018

Sprout Venture Partners, others back maker of healthy snack bars

Wholesome Habits Pvt Ltd, which sells healthy snack bars under the brand name Eat Anytime, raised USD 500,000 in seed funding from early-stage investment firm Sprout Venture Partners and a few high-net-worth individuals
27/06/2018

Sequoia Capital starts raising money for sixth India-focused fund

Global venture capital firm Sequoia Capital has formally kicked off the process of raising money for its sixth India-dedicated fund.
27/06/2018

Angel investors back agri startup Eggoz

Nupa Technologies Pvt Ltd, which operates a network of layer poultry farms named Eggoz, has raised USD 176,000 in seed funding from Narendra Sankar, Vishal Sharma, Anurag Jhanwar, Mohini Jhanwar, and Sunil Mishra.
26/06/2018

HipBar has secured an investment of USD 4 million from beverage alcohol company Diageo India.

Chennai-based digital payments startup dedicated to serving the needs of the alcohol beverage industry HipBar has secured an investment of USD 4 million (INR 270 million) from beverage alcohol company Diageo India.
26/06/2018

InCred looks to invest INR 50 crore in Walnut

Nonbanking finance company InCred Finance is seeking to invest around INR 50 crore into Pune-based personal finance management startup Walnut.
26/06/2018

Accel Partners, IDG Ventures inject more capital into SigTuple Technologies

Medical-technology startup SigTuple Technologies Pvt Ltd has raised USD 19 million (around INR 129 crore) in a Series B funding round led by existing investors Accel Partners and IDG Venture.
26/06/2018

Equanimity Venture Fund backs fintech startup Sqrrl in pre-Series A round

Sqrrl Fintech Pvt Ltd, which owns and operates investment app Sqrrl, has raised USD 1 million in a pre-Series A round of funding from Equanimity Venture Fund.
26/06/2018

SoftBank Vision Fund leads USD 200 million investment in PolicyBazaar

ETechAces Marketing & Consulting Pvt Ltd, the operator of online insurance selling platform PolicyBazaar,com and lending marketplace PaisaBazaar,com, has raised USD 200 million (INR 1,360 crore) in a round led by SoftBank Vision Fund.
26/06/2018

Waste management firm Nepra raises Series B funding from Aavishkaar, Asha Impact

Nepra Resource Management Pvt Ltd, a waste management company that operates under the ‘Let’s Recycle’ brand, has raised INR 44 crore in its Series B round of funding.
25/06/2018

Aahaa Stores raises USD 2 million from UAE’s Calega

Aahaa Stores, an integrated procurement services provider for office supplies, raised USD 2 million (INR 14 crore) from UAE-based global investment group Calega.
25/06/2018

Sequoia, Accel back online two-wheeler rental firm Wickedride

Wickedride Adventure Services Pvt Ltd, which runs separate online motorbike and scooter rental platforms, has raised around INR 62 crore (around USD 9 million) in a fresh funding round led by venture capital firms Sequoia Capital,Accel Partners, the Ministry of Corporate Affairs, Raghunandan Gangappa.
22/06/2018

Online travel agency Cleartrip acquires Saudi Arabia’s Flyin

Online travel agency Cleartrip Pvt Ltd has acquired Saudi Arabian travel start-up Flyin for an undisclosed amount.
22/06/2018

Zomato in talks to raise USD 400 million in fresh funding at USD 2 billion valuation

Food-tech startup Zomato Media Pvt Ltd is in talks to raise USd 400 million, largely from existing investors Ant Financial and Temasek, at a valuation of as much as USD2 billion
22/06/2018

Sixth Sense Ventures bets on Rakesh Jhunjhunwala-backed sports nutrition firm

Fullife Healthcare Pvt Ltd, which sells sports nutrition supplements under the brand Fast & Up has raised around INR 10-15 crore from Sixth Sense.
22/06/2018

Swiggy gets unicorn tag as Naspers, DST lead investment in food delivery startup

online food delivery startup Swiggy has secured USD 210 million (around INR 1,400 crore) in a Series G investment round led by South African technology conglomerate Naspers and Yuri Milner-led DST Global
21/06/2018

Home decor startup Livspace in talks with Verlinvest, Ratan Tata’s fund to raise USD 50 million

Online home design start-up Livspace is in talks to raise USD 50 million from Verlinvest, Ratan Tata’s UC-RNT Fund, Bessemer Venture Partners ,Jungle Ventures and Square.
21/06/2018

Health app DocTalk set to raise USD 10 million

DocTalk, a mobile application for doctors and patients, is in advanced talks to raise USD 10 million from a clutch of investors led by venture capital firm Nexus Venture Partners
21/06/2018

Accel, Sequoia and others invest in trade finance firm Drip Capital

Mumbai-based trade finance firm Drip Capital has raised USD 15 million (around INR 102 crore) in a Series A funding round from venture capital firms Accel Partners, Sequoia India and California-based Wing VC.
21/06/2018

London investment firm leads funding round in beauty e-tailer Purplle

Mumbai-based Manash Lifestyle Pvt Ltd, which operates beauty products and services marketplace Purplle,com, has secured around INR 18 crore in a fresh funding round from Patrick Chong Fook Seng, founder of Luxasia Group, Singapore-headquartered omni-channel retailer of beauty products, and existing investor JSW Ventures.
20/06/2018

Belgian impact investor Incofin plans USD 80 million India-focused fund

Belgium-based impact investor Incofin Investment Management is planning a USD 80 million India-focused fund as it looks to expand its investments into food and agricultural sectors
20/06/2018

Menterra, Artha India invest in ed-tech startup Chrysalis

Chrysalis, an education services provider operated by EZ Vidya Pvt Ltd, has raised an undisclosed amount in fresh capital from Menterra Venture Advisors, a social impact-focused venture capital fund, and The Artha Initiative, an impact investment initiative associated with Switzerland-based Rianta Capital
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