Archive News


Nexus Venture Partners raises 70% of USD 450 million target for new fund

Home-grown venture capital firm Nexus Venture Partners has raised 70% of the targeted USD 450 million  for its new fifth fund

Venture Catalysts invests in budget eyewear retailer ClearDekho

Uttar Pradesh-based online eyewear marketplace ClearDekho has raised INR 2 crore (about USD 300,000) in a pre-Series A investment round from funding and incubation platform Venture Catalysts.

New and existing investors back logistics-tech startup Locus

Logistics management startup Locus has raised USD 4 million in a pre-Series B round of funding from Rocketship vc, Recruit Strategic Partners, pi Ventures and Hemendra Kothari of DSP Group.

SRI Capital invests in content platform Sports Flashes

New Delhi-based India Sports Flashes Pvt Ltd, which operates sports content app Sports Flashes, has raised USD 1 million in a pre-Series A funding round from early-stage venture capital fund SRI Capital.

Early-stage investor Metaform Ventures backs logistics startup Hey Deedee

Hey Deedee, a Mumbai-based startup touted as India’s only all-women last-mile logistics services firm, has raised pre-seed funding of USD 500,000 from early-stage investor Metaform Ventures LLC.

US firm invests in Bengaluru-based sales analytics startup DigiConnectt

DigiConnectt, an artificial intelligence startup that offers sales analytics and enablement solutions, has raised USD 125,000 in seed funding from US-based transport management solutions company Aspire Logistics LLC.

Angel investors back crowdfunding platform Crowdera

Crowdera, which runs an online crowdfunding platform, has raised an undisclosed amount from angel investors as part of a pre-Series A funding round.

Angels invest in online handicrafts marketplace Kashmir Box

Srinagar-based Kashmir Box, an online marketplace for handicrafts, handlooms and local produce, has raised an undisclosed amount in an angel funding round from a clutch of prominent investors.

Sabre Partners leads Series B round in lending startup CoinTribe

CoinTribe, a credit-based lending marketplace for small and medium enterprises raised over USD 10 million (INR 67 crore) in a Series B funding round led by India-centric mid-market private equity firm Sabre Partners

Sequoia backs USD 30 million round in FreeCharge co-founder Kunal Shah’s new venture

Payments company FreeCharge co-founder Kunal Shah has raised USD 30 million for his upcoming venture from a clutch of investors led by venture capital investor Sequoia Capital.

Goldman Sachs backs USD 31 million Series A round in India’s Cytecare Hospitals

Bangalore-based Cytecare Hospitals Pvt Ltd, a cancer care provider,raised USD 31 million in Series A round, which saw participation from global investment bank Goldman Sachs.

Accion Venture Lab, YourNest invest in SME lender CredRight

Hyderabad-based fintech startup CredRight has raised  INR 9 crore in a pre-Series A round of funding from seed-stage impact investment firm Accion Venture Lab, early-stage investor YourNest Venture Capital.

Gates Foundation, IndusAge led USD 14 million funding iIn IoT focused dairy-tech startup Stellapps

Backed by industry marquees including Omnivore Capital, Flipkart executive chairman Binny Bansal, Bengaluru-based dairy-tech startup Stellapps has now added Bill and Melinda Gates Foundation and IndusAge Partners to its list of investors, raising USD 14 million in a recent funding round

IFC proposes USD 40 million investment in packaging products firm Time Technoplast

International Finance Corporation, a member of the World Bank Group, has proposed to invest about USD 40 million million in Time Technoplast Limited (TTL), an Indian manufacturer of polymer-based industrial packaging products

Treebo Hotels acquires Bengaluru-based travel startup Events High

Budget hotel chain Treebo Hotels, operated by Ruptub Solutions Pvt Ltd, has acquired Bengaluru-based travel start-up Events High, which operates an online discovery platform for local events and activities.

Hero Electronix acquire IoT startup Zenatix

Hero Electronix, part of the Hero Group, has acquired Gurgaon-based Zenatix, an enterprise-focused Internet-of-things company, for an undisclosed amount.

Payments startup ToneTag raises up to USD 10 million from  Amazon

Naffa Innovations Pvt Ltd, which operates digital payments start-up ToneTag, has raised USD 8-10 million from a clutch of marquee, strategic investors led by Amazon Inc and Mastercard.

Vokal acquihires quizzing app company StupidChat

Vokal, which runs a knowledge-sharing platform, has acquihired quizzing app firm StupidChat Technologies in an all-stock deal.

Powerhouse Ventures leads Series A round in fin-tech startup OroWealth

Mumbai-based wealth management startup OroWealth has raised INR 11 crore in a Series A funding round led by US-based venture capital firm Powerhouse Ventures.

Kalaari, Omidyar invest in digital insurance platform Toffee

Digital insurance platform Toffee has raised  around INR 10 crore in seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab.

Social-impact investor Menterra leads investment in startup FarmFolks Agro

Social-impact investor Menterra Venture Advisors has led a funding round in FarmFolks Agro Pvt Ltd, which advises farmers and sells their fruit and vegetables to retail chains.

Hyderabad energy company backs forex services startup Myforexeye

Delhi-based Myforexeye Fintech Pvt Ltd, which provides foreign exchange services, has raised a bridge round of USD 500,000 from energy firm InRhythm Energy Ltd.

BCCL backs natural products marketplace Qtrove via ad-for-equity deal

Bennett, Coleman & Co Ltd (BCCL), a media conglomerate better known as the publisher of English daily The Times of India, will invest USD 52 million (INR 350 crore) over five years in Qtrove, a marketplace for natural eco-friendly handmade product.

NRI Startup India to float early-stage investment fund

NRI Startup India, a scaling platform that connects non-resident Indians and domestic startups, is set to launch a fund to invest in early-stage ventures.