Archive News


UAE-based Shorooq Investments, Latitude back product rental marketplace RentSher

RentSher, an online rental marketplace for electronics, medical equipment and items used at events, has raised close to USD 1 million in a fresh round led by Abu Dhabi-based venture capital firm Shorooq Investments and Dubai-based Latitude Consultants.

IndiQube raises INR 100 crore from WestBridge Capital

Workspace solutions provider IndiQube has raised its Series A round of INR 100 crore from WestBridge Capital along with participation from Ashish Gupta.

BigBasket in talks to acquire a majority stake in Kwik24

BigBasket is in talks to acquire a majority stake in smart vending machines startup Kwik24.

Paytm buys Flipkart-backed Cube26, aims to boost customer experience

One97 Communications Ltd which owns payments app Paytm has acquired New Delhi-based technology start-up Cube26 with an undisclosed amount.

Sesa Hair Oil in talks to raise up to USD 60 million from True North

Ban Labs Pvt Ltd, a maker of hair care products including the popular Sesa Hair Oil, is in advanced talks to raise as much as INR 400 crore from True North Capital.

Tynor Orthotics raises USD 21 million from Lighthouse Funds, French Thuasne

Tynor Orthotics Pvt Ltd, a manufacturer and exporter of orthopedic and fracture aids, has raised Rs 143 crore from Lighthouse Funds and Thuasne.

Data analytics startup Elucidata raises seed funding

Elucidata Corporation, an India- and US-based data science startup, has raised USD 1,700,000 in seed funding led by Hyperplane Venture Capital.

SAIF Partners invests more in auto-retail tech firm Autoninja

Bengaluru-based Autoninja, a firm that makes software for automobile dealers, has raised an undisclosed amount from existing investor SAIF Partners.

Chinese recommerce giant Aihuishou backs used gadgets marketplace Cashify

Cashify, an online platform for selling used electronics, raised undislosed amount from Chinese recommerce giant Aihuishou.

Sequoia-backed MobiKwik buys into data science startup Pivotchain

Digital payments firm One MobiKwik Systems Pvt Ltd has invested INR 2 crore (USD 294,000) in Pune-based data science company Pivotchain Solutions Technologies Pvt Ltd.

Edtech startup Unacademy may soon raise USD 30 million funding

Bengaluru-based edtech startup Unacademy may soon raise USD 25-30 Million in Pre Series A funding round led by Sequoia Capital India and other investors.

SeaLink buys out OrbiMed from Surya Children’s Medicare, injects fresh funds

Mid-market private equity firm SeaLink Capital Partners has invested INR 200 crore in mother- and child-care company Surya Children’s Medicare Pvt Ltd.

Helix Investments backs cybersecurity firm Network Intelligence

Cybersecurity specialist Network Intelligence (NII) has raised INR 33 crore in fresh capital from private equity firm Helix Investments.

Packaged foods firm EGK raises pre-seed money

EGK (Everyday Gourmet Kitchen) Foods Pvt Ltd, which sells packaged crispy fried onions, has raised INR 2 crore (around USD 300,000) in its pre-seed round of funding from a Nashik-based wealthy individual.

Crowdfunding platform 1Crowd backs smoothies brand

Smoodies, which makes fruit and vegetable smoothies, has raised USD 500,000 in a pre-Series A round of investment from equity crowdfunding platform 1Crowd.

YES Bank goes sector agnostic, launches YES SCALE acceleration programme

After the successful graduation of the second cohort of YES Fintech, YES Bank has diversified its interests beyond fintech, launched YES SCALE — a multi-sector acceleration programme

Zomato invests USD 15 million in Loyal Hospitality

Restaurant listings and food delivery firm Zomato has invested USD 15 million in Bengaluru-based Loyal Hospitality

Ad-for-equity investor BCCL backs interior design solutions marketplace HomeLane

Six months after raising USD 10 million, interior design solutions marketplace HomeLane has struck an INR 24 crore deal with Brand Capital, the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd (BCCL).

Angel investor backs digital media startup Pixr8

Pixr8 Media LLP, which runs business news portal Pixr8 News, raised INR 25 lakh (USD 37,000) in seed funding from an unnamed angel investor.

Bharat Forge invests USD13.3 million to develop EV solutions

Auto components major Bharat Forge Ltd has done the strategic investment of USD 13 Mn in UK-based electric powertrain solutions provider Tevva Motors.

China’s Fosun International to now back early stage Startups in India

Shanghai-based, Chinese investment company Fosun International is planning to back the early stage startups in the country.

WeWork is raising funds at USD 35 billion value according to Softbank

WeWork Cos is seeking to raise funds at a USD 35 billion valuation that would place the co-working startup above companies like Airbnb and SpaceX.

Truecaller buys Indian mobile payments startup Chillr

Stockholm-based Truecaller, owned by True Software Scandinavia AB acquired Mumbai-based mobile payments start-up Chillr (Backwater Technologies Pvt Ltd) for an undisclosed amount.

Paytm Mall bags the last tranche of USD 445 million funding from SoftBank, Alibaba

After receiving the commitment of USD 445 million from SoftBank and Alibaba, Paytm Mall has received the final tranche of USDS 225 million from both its investors.