Archive News

28/11/2018

Bessemer Venture Partners closes new global fund, India remains on radar

Bessemer Venture Partners has closed its new fund at USD 1,85 billion will continue to invest roughly 30% of the total corpus in international markets (India and Israel).
28/11/2018

Sequoia and Accel-backed Bounce buys Ofo India’s assets

Bengaluru-based dockless scooter sharing platform Bounce has acquired the assets of the Indian arm of Chinese cycle sharing venture Ofo, marking its entry into the bicycle sharing space.
28/11/2018

Exfinity, StartupXSeed lead investment in AI-based cybersecurity firm CloudSEK

CloudSEK, a security risk-management startup which operates on a software-as-a-service (SaaS) model, has raised INR 14 crore (a little less than USD 2 million) in pre-Series A funding led by early-stage investors Exfinity Venture Partners and StartupXseed.
28/11/2018

Omnivore, others to back milk delivery startup Doodhwala

Doodhwala, a startup which delivers milk and daily essentials on a subscription basis, is raising up to USD 12 million  in a Series A round of funding
27/11/2018

Goqii to step into Japan next year, gets USD 30 million in new round

Wearable devices maker Goqii Inc has raised over USD 30 million in its latest equity financing round, as the Menlo Park and Mumbai-based company eyes entering overseas markets over the next 12-18 months.
27/11/2018

Pi Ventures, Binny Bansal to invest USD 7 million in Niramai

Healthtech startup Niramai has raised a new round of about USD 6-7 million from existing investors Pi Ventures, Axilor, Ankur Capital and Flipkart cofounder binny bansal.
27/11/2018

CarDekho acqui-hires Carbiqi

Online automobile classifieds major CarDekho has acqui-hired used cars platform Carbiqi.
27/11/2018

IDFC Parampara leads funding for Magiclane

Bangalore-based Magiclane App Services Pvt Ltd, which operates conversational AI platform Verloop, has raised USD 3 million in a Series A round led by IDFC Parampara Fund.
27/11/2018

Logistics startup BlackBuck eyes unicorn tag; looks to raise up to USD 250 million

Logistics startup BlackBuck is in funding talks to raise USD 150-250 million, as it seeks to capture the massive trucking market and take on bigger rival Rivigo.
26/11/2018

Online tutoring platform Vedantu raises USD 11 million led by Omidyar Network

Vedantu, an online tutoring platform raised USD 11 million in a Series B funding round led by Omidyar Network for technology expansion and deeper penetration in tier 2 and 3 cities.
26/11/2018

Bertelsmann invests more in Roposo at lower valuation

Roposo, a social platform for sharing photos and videos raised INR 12 crore in a fresh round of funding from Bertelsmann India Investment
26/11/2018

Naukri parent puts more money in B2B footwear marketplace ShoeKonnect

Info Edge (India) Ltd, the parent of job portal Naukri,com and real estate website 99acres,com, invested INR 3 crore (USD 422,000) more in online business-to-business footwear marketplace ShoeKonnect
26/11/2018

IvyCap Ventures invests in P2P lending startup Lendbox

Lendbox, a peer-to-peer lending and credit marketplace raised an undisclosed amount in a pre-Series A round of funding from venture capital firm IvyCap Ventures Advisors Pvt Ltd
26/11/2018

UK-based angel investors back wealth management app CashRich

Wealth management app CashRich, owned by Thane-based CR Fintech Pvt Ltd, has raised angel funding worth USD 1 million (INR 7 crore) from three undisclosed UK-based individuals.
23/11/2018

MagicPin parent raises USD 20 million in round led by Lightspeed US

Samast Technologies, the owner and operator of discovery and rewards platform MagicPin, has raised about USD 20 million from investors led by Lightspeed Venture Partners US.
23/11/2018

Payments firm InstaReM marks first close of Series C round at over USD 20 million

Singapore-headquartered digital cross-border payments firm InstaReM Pte Ltd has marked the first close of its Series C funding round at over USD 20 million led by new investor MDI Ventures and Beacon Venture Capital.
22/11/2018

Everstone-backed Crystal Crop may buy 3 brands from Syngenta India

Crystal Crop Protection Ltd, a specialty chemicals company, is acquiring three brands of Syngenta India Ltd as the company continues its focus on inorganic opportunities to pursue growth.
22/11/2018

ZoloStays in talks to raise USD 30 million

Bengaluru-based co-living and home rental startup ZoloStays Property Solutions is in talks with South Korean financial services firm Mirae Global Asset Management to raise a USD 30-million round of funding.
22/11/2018

Arali Ventures marks first close of debut seed fund

Arali Ventures has marked the first close of its debut seed fund which seeks to invest in enterprise-tech startups in India.
21/11/2018

SoftBank set to dispatch USD 450 million to Delhivery

SoftBank Group Corp, the world’s largest technology investor, is in the final stages of sealing a USD 450 million investment in Delhivery.
21/11/2018

Korean, Japanese investors to back mobile gaming startup Mech Mocha

Bengaluru-based mobile gaming startup Mech Mocha Game Studios Pvt Ltd is raising up to USD 10 million (INR 71 crore) as part of its ongoing Series B funding round
21/11/2018

Impact investor BlueOrchard offers more debt funding to microlender Aye Finance

Non-banking financial company Aye Finance has raised INR 72 crore (USD 10 million) in debt funding from Switzerland-based impact investor BlueOrchard Finance
21/11/2018

SAIF Partners leads Series A investment in industrial IoT firm DeTect

DeTect Technologies, an industrial Internet of Things (IIoT) startup, has raised close to USD 3 million (around INR 23 crore ) in a Series A round of funding led by multi-stage investment firm SAIF Partners
20/11/2018

Akshaypat Singhania is looking to invest INR 100 cr in startups

Akshaypat Singhania chairman and managing director at JK International is stepping into the startup space, allocating INR 100 crore towards backing early-stage ventures.
Top