Archive News

17/05/2018

Bengaluru Fintech start up Open, raised a pre-series A funding round

Bengaluru Fintech start up Open, which offers a digital banking service for small businesses in collaboration with banks, has raised a undisclosed amount in pre-series A funding round led by Unicorn India Ventures and Recruit Co, a subsidiary of the Recruit group of Japan.
17/05/2018

SoftBank is in talks to put Zomato on its menu

SoftBank is exploring a possible investment in restaurant discovery and food delivery firm Zomato.
16/05/2018

Sanjiv Goenka Group creates USD15 million VC fund, eyes FMCG startups

The RP-Sanjiv Goenka Group has created a Rs 100 crore venture capital fund to invest in fast-moving consumer goods startups.
16/05/2018

Logistics tech startup FreightBro gets angel funding

Logistics technology company FreightBro has raised a seed round of funding from angel investor Suresh Kumar and former Global CIO of Bank of New York Mellon.
16/05/2018

IAN leads investment round in gamified learning startup Knudge.me

Bengaluru-based gamified learning startup Knudge me has raised an undisclosed sum from Indian Angel Network and Axilor Ventures.
16/05/2018

Swiggy seeks unicorn status, in talks to raise USD 250 million

Online food delivery startup Swiggy is looking to raise USD 250 million, from South African technology conglomerate Naspers, Japanese internet conglomerate SoftBank, billionaire investor Yuri Milner’s DST Global, Chinese firms Tencent, Meituan-Dianping and Alibaba.
15/05/2018

Blockchain-based bob listing startup SpringRole Closes USD 1.3 million private funding

SpringRole has closed a USD 1,300,000 private funding from its early investors AlphaBlock Investments, Brock Pierce and Scott Walker’s blockchain investment, consulting firm DNA, Isaac Lee’s BlockWater, and Wavemaker Genesis.
15/05/2018

Indian B-school IIMA centre launches USD 25 million fund

Indian Institute of Management Ahmedabad’s (IIMA’s) centre for innovation, incubation, and entrepreneurship (CIIE) launched a USD 25 million ‘Bharat Inclusion Initiative’ that will look to mentor and invest in start-ups in the early stage and seed segment over the next three-four years.
15/05/2018

Nykaa closes Series D round at USD 24 million

Beauty e-tailer Nykaa has closed its Series D round of investment at  USD 24 million from ,Hero Group’s chairman Sunil Munjal, the family offices of consumer goods maker Marico’s Harsh Mariwala and private equity investor at Warburg Pincus Dalip Pathak.
14/05/2018

SoftBank explores new grounds to invest, to pump USD 3 Billion into Paytm Mall

SoftBank is looking to invest up to USD 3 Billion in Paytm Mall.
14/05/2018

Avendus in talks to raise USD 300 million fund for consumer startup investments.

Financial services firm Avendus Capital is in talks with potential investors to raise a USD 300-million consumer sector-focused fund.
14/05/2018

Sequoia Capital in talks to invest in ElasticRun

Sequoia Capital to invest in NTex Transportation Services, which owns and operates logistics and distribution platform ElasticRun, the Pune-based startup, which has emerged as one of the hottest prospects in India’s product technology space.
14/05/2018

Rairah Corp backs Pune business scion’s fresh produce firm Earth Food

Pune-based agri-tech startup Earth Food has raised around USD 956,000 in a seed funding round from city-based Rairah Corporation.
11/05/2018

QSR chain Charcoal Eats raises pre-Series A round from HNIs

Charcoal Eats, a quick service restaurant chain, has raised INR 5 crore  in its pre-Series A round of funding from a clutch of angel investors.
11/05/2018

WestBridge leads Series B investment in healthcare data firm Innovaccer

Innovaccer Inc,a Silicon Valley-based healthcare data platform, has raised USD 25 million in a Series B round of funding led by Westbridge Capital.
10/05/2018

Toppr Technologies secures USD 2.3 million funding from Alteria Capital

Venture debt firm Alteria Capital has invested INR 15 crore in Toppr Technologies Pvt Ltd, which runs an eponymous learning platform.
10/05/2018

IFC proposes up to USD 50million investment in Encore Asset Reconstruction

International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to USD 50 million in Gurgaon-headquartered Encore Asset Reconstruction Company Pvt Ltd (EARC).
10/05/2018

Analytics startup ThoughtSpot raises USD145 million in Series D round

ThoughtSpot,a start-up which provides search and artificial intelligence-driven analytics for enterprises has raised USD 145 million in a fresh round of funding led by its existing investors including Lightspeed Ventures, Future Fund, Khosla Ventures,General Catalyst and Sapphire Ventures.
10/05/2018

Walmart acquires Flipkart for USD 16 billion, world’s largest ecommerce deal

US retail giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for USD 16 billion,
09/05/2018

Amazon India gets INR 2600 crore infusion for marketplace

Amazon India has received a fresh infusion of INR 2,600 crore from its parent company for its marketplace business.
09/05/2018

Intel Capital leads Series A investment in conversational AI platform Avaamo

Conversational artificial intelligence platform Avaamo Inc has raised around INR 95 crore in a Series A funding round led by Intel Capital.
09/05/2018

Live-video debate app Wishfie gets seed funding

Bengaluru-based Wishfie, has raised an undisclosed amount in a seed round from angel investor Abhishek Singh, CEO of Staffopedia, and Tusker Invests, a New York-based angel network.
09/05/2018

Dubai-based Relam Investment to pump USD 250-300 million in India

Dubai-based Relam Investment LLC, a joint-venture between UAE-based Vault Investment and Vietnam-based MIG Holding, has committed to invest USD 250-300 million in India with an initial focus on real estate and technology.
09/05/2018

Angels back P2P lending platform PaisaDukan in second seed round

PaisaDukan,com peer-to-peer lending marketplace, has raised USD 225,000 from a group of undisclosed angel investors.
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