Archive News

02/05/2017

Parkpine Capital to launch $50 Million debut fund by this fall, to invest in 3 SEA firms

Newly founded California-based venture capital firm Parkpine Capital is set to launch its debut $50-Million seed fund and seal at least three deals by September. It is looking at investing in technology startups from Southeast Asia.
02/05/2017

H’bad Angels puts $1.5 Million in Innovapptive

Enterprise mobile software startup Innovapptive has raised fresh funding from Hyderabad Angels. The startup intends to use the funds raised to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition.
02/05/2017

Fin-tech startup SMEcorner raises bridge funding from Dutch fund

Mumbai-based digital lending platform SMEcorner has raised a bridge round of funding from a Dutch government fund.
02/05/2017

EuroKids acquires firm behind Billabong High, Kangaroo Kids schools

EuroKids International Pvt Ltd has bought Kangaroo Kids Education Ltd in the biggest known acquisition in the schools business in India.
01/05/2017

Ed-tech startup Qriyo raises funds from investor Neelesh Bhatnagar

Jaipur-based Qriyo Infolabs Pvt Ltd, which runs home tutor provider Qriyo, has raised an undisclosed amount in Series A funding from Dubai-based investor Neelesh Bhatnagar’s NB Ventures. The company will use the funds to expand operations to Chandigarh, enhance offerings for personalised competitive exams preparation and get more tutors on […]
01/05/2017

UiPath raises $30 Million Series A led by Accel

UiPath, the Robotic Process Automation (RPA) software company, has raised a Series A investment of $30 Million led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. The funding will be used to accelerate the company’s global expansion and product development.
01/05/2017

Gaming portal Ace2three.com raises $73.7 Million from Clairvest Group, others

Hyderabad-based game development company Head InfoTech India Pvt Ltd, which operates online gaming firm Ace2Three, has raised INR 474 Crore in a fresh round of investment led by Canadian private equity firm Clairvest Group.
01/05/2017

Accel Partners books $750K appointment with healthcare startup Sepalika.com

Mumbai-based health content platform Sepalika has raised $750,000 in its seed round led by Accel Partners. The platform, which supports those looking to reverse chronic health conditions through guidance on lifestyle, dietary supplements, and exercise aims to use the fresh capital infused to further build on its research-based content and […]
28/04/2017

Cross Border Angels invests in ed-tech startup eShiksa

Jaipur-based eShiksa, an education management portal, has raised an undisclosed amount from Cross Border Angels & Experts (CBA; previously Cross Border Angels), an international angel network. The funding will be utilized for for geographical expansion, customer acquisition and operational ramp-up.
28/04/2017

Former Religare CEO Shachindra Nath backs fintech startup MintWalk

MintWalk, a robo-advisory platform for financial solutions, has raised funding from Poshika Financial Ecosystem Pvt Ltd, an investment platform set up by former chief executive officer of Religare. MintWalk aims to provide financial solutions to help users reach their goals.
28/04/2017

Education solutions firm iNurture raises $1.5 mn from BlackSoil

iNurture Education Solutions Pvt Ltd, a higher education solutions provider, has raised INR 10 crore in venture debt from Mumbai-based non-banking financial company BlackSoil Capital Pvt Ltd.The funds will help the company meet its working capital requirements and focus on its ongoing and fresh business initiatives.
28/04/2017

SaaS startup Autobix raises seed funding

BNT Autosoft Pvt Ltd, which runs auto dealership and workshop management platform Autobix, has raised seed funding from UK-based auto parts maker GardX International Ltd in return for a 25% stake. The funding will be utilized to scale up its back-end, upgrade its network, cloud and server, and to focus […]
28/04/2017

Mobile gaming startup Mech Mocha raises INR 32 Crore

Mobile gaming startup Mech Mocha has raised $5 million (about INR 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. The funding will be utilized to develop games in the casual and mid-core game […]
27/04/2017

Warburg-backed Kalyan Jewellers to acquire e-commerce player Candere

Kerala-based Kalyan Jewellers is acquiring online jewellery firm Candere to augment its presence in the e-commerce segment. Candere was set up in 2013 and sells jewellery online in India, the US and the UK and has a portfolio of over 4,000 designs, including a strong offering in the diamond segment.
27/04/2017

Howdy Ventures raises $1.5 Million from Kerry Indev Logistics’ chairman

Howdy Ventures Pvt Ltd has raised funding from S Xavier Britto, the Chairman of Kerry Indev Logistics.The Chennai-based company which combines events and groups features under one platform, has diluted 50 per cent stake in the process.
27/04/2017

Bus pooling app ZipGo raises Series A funding

Bangalore-based ZipGo Technologies Pvt Ltd, the operator of an eponymous bus pooling app, has raised a Series A round of funding from new and existing investors.
27/04/2017

Saber Corp founder Nitin Khanna backs software startup iSos

Computer software startup iSos Inc has raised $5 million (INR 32 crore) from Portland, US-based entrepreneur Nitin Khanna. iSos, based in Mohali, Punjab and California, provides integrated smart office solutions.
27/04/2017

INR 23 Crore delivered to Scootsy in bridge round from Agnus Capital

On-demand delivery company, Scootsy incubated by Mumbai-based Ant Farm has raised about INR 23 crore in a bridge round from Agnus Capital, the family office of promoters of pharmaceutical company, Stride Group, and private investment firm Khattar Holdings of Singapore. Food delivery currently constitutes 60% of its business while it […]
26/04/2017

Shared workspace start-up Awfis raises $20 Million from Sequoia India

Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans. Awfis, which operates 21 workplaces across the National Capital Region (NCR), Bengaluru, Mumbai, Hyderabad, Pune and Kolkata, will use the funds to expand to more than 100 centres […]
26/04/2017

IAN eyes INR 350-crore corpus, raises INR 175 crore in first round

The Indian Angel Network is looking to take its angel investment philosophy to the next level by launching its maiden fund with a corpus of INR 350 crore. The Sebi-registered Category 1 Alternate Investment Fund has a green shoe option of an additional INR 100 crore and has marked the […]
26/04/2017

Customer data analytics startup Flytxt raises $11 Million in Series A

Customer data analytics startup Flytxt has secured $11 million ( INR 70 crore) in a Series A funding round led by German investment firm DAH Beteiliguns. The funding will be utilized for research and development, to grow beyond the telecom sector and enter segments like BFSI and retail.
26/04/2017

Medicine delivery firm Myra raises funds from Times Internet, others

Myra, a medicine delivery firm, has raised an undisclosed Series A funding co-led by Matrix Partners and Times Internet, with participation from a few angels. The funding will be utilized to expand operations to newer markets and to deepen technology and analytics expertise.
26/04/2017

Coworking platform The Office Pass raises seed funding

Gurgaon-based Top Technologies Pvt Ltd, which runs coworking platform The Office Pass, has raised $245,000 in seed investment from a group of individual investors led by Arun Tadanki, former managing director of Yahoo Southeast Asia and India. The funding will be utilized to enhance its platform and hire technology and […]
26/04/2017

PharmEasy tops up Series B round with another $2 Million

Mumbai-based 91 Streets Media Pvt Ltd, which operates online drug delivery platform PharmEasy, has topped up its Series B round with another $2 million taking the total funding raised in the round to $18 million. Essentially an e-pharmacy that connects patients with pharmacy stores, PharmEasy uses a tech-enabled lead-generation platform […]
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