Archive News

07/04/2017

Cookware brand Wonderchef raises INR 40 Crore

Wonderchef, a kitchen appliance and cookware brand promoted by celebrity chef Sanjeev Kapoor, has raised INR 40 crore from French group Labruyere Eberle. The funding will be utilized for a new manufacturing unit and expansion into new segments.
07/04/2017

Paytm backs healthcare startup QorQI

Digital payments and commerce platform Paytm has invested an undisclosed amount in QorQI, an online healthcare startup. Started in 2014, the Noida-based startup uses artificial intelligence (AI) and big data to improve the productivity of doctors along with helping patients to manage their health and existing ailments better.
07/04/2017

Crowdfunding platform DesiredWings acquires Catapooolt

Promoters of crowdfunding platform Desiredwings have acquired Catapooolt for an undisclosed sum. Both the brands will stay in the market post this acquisition, focusing on different segments of the crowdfunding industry. Catapooolt handholds entrepreneurs at different stages of their journey by bringing in other entrepreneurs and backing them to achieve […]
07/04/2017

YouWeCan Ventures invests in Startup Buddy

Yuvraj Singh’s YouWeCan Ventures has invested an undisclosed amount in Startup Buddy,a Gurugram-based company that serves early-stage businesses. Cofounded in 2015 Startup Buddy provides services ranging from incorporation, accounting and taxation to project advisory, legal and intellectual property-related work to startups in India and abroad.
07/04/2017

Home rental startup FastFox raises INR 30 Crore from Lightspeed, others

Home rental startup FastFox has raised INR 30 crore in a Series A funding round from Lightspeed India Partners, the India-specific fund of US-based Lightspeed Venture Partners, Blume Ventures and CyberAgent Ventures. The funding will be utilized improving technology solution, developing service delivery model and expanding the team across engineering, […]
07/04/2017

Bengaluru-based FalconBrick raises INR 4 Crore in angel round

A clutch of Kolkata-based real estate players and foreign, as well as domestic investors, have invested close to INR 4 crore in Bengaluru-based firm FalconBrick Technologies. The funding will be utilized to enhance product and accelerate business development.
07/04/2017

FreeCharge founders float venture fund, back ed-tech startup

Sandeep Tandon and Kunal Shah, co-founders of payments startup FreeCharge have floated a venture fund and recently made its first known investment.
06/04/2017

Budget hotels platform RedDoorz raises funding from InnoVen Capital

RedDoorz, a Singapore-based budget accommodation firm, has raised $1 million in venture debt from InnoVen Capital. RedDoorz, run by Commeasure Solutions India Pvt. Ltd, offers customers standardized accommodation services.
06/04/2017

Impact investor Acumen to launch India-dedicated fund

Global impact investor Acumen is planning to launch an India-dedicated fund, as the investor looks to double down on its most significant geography. So far, Acumen has raised all of its capital in the US.
06/04/2017

Ready-to-cook food brand Fingerlix raises INR 20 crore in series A

Ready-to-cook food brand Fingerlix has raised INR 20 crore ($3 million) from Zephyr Peacock in a series-A round of funding. The funding will be utilized to build on the product line, which currently features 15 SKUs, that includes batters for idli, dosa and vadas, dals, curries, biryanis, chutneys and also […]
06/04/2017

DataWeave raises Series-A from large Japan ad tech company FreakOut

DataWeave has raised an undisclosed amount of series-A funding from investors led by one of Japan’s largest ad tech companies, FreakOut Group, which has acquired a strategic stake in the business intelligence startup based in Singapore and Bengaluru. While DataWeave’s technology analyses online consumer behaviour, FreakOut Group’s technology analyses consumers’ […]
05/04/2017

Fin-tech firm Credit Sudhaar raises funds

Mumbai-based Credit Sudhaar Services Pvt Ltd has raised undisclosed amounts from Deepak Kulkarni and Sandeep Pangal. The company will use the funds raised to “build a loan book” even as it readies to raise $25 million (Rs 162 crore) to accelerate growth.
05/04/2017

Health-tech startup Konsult raises seed funding

Delhi-based healthcare tele-consultation platform Konsult App Pvt Ltd has raised $500,000 in two rounds of seed funding from a consortium of investors from the US, the UK, Netherlands and Australia. Konsult has evolved as a medical consultation and second opinion platform.
05/04/2017

Intercity truck aggregator Trukky to raise $500K in pre-Series A round

Intercity logistics marketplace Trukky is raising $500,000 in a pre-Series A funding round from existing as well as new angel investors. Owned and operated by Trukky Logistics Pvt Ltd, the SME-focused, mobile-first intercity logistics services platform offers on-demand transportation solutions to both the full load and part load segments.
05/04/2017

Logistics startup ElasticRun raises $7 Million from Kalaari Capital, Norwest Ventures

Pune-based Ntex Transportation Services Pvt Ltd has raised $7 Million as part of a Series A round from Kalaari Capital Advisors Pvt Ltd and Norwest Venture Partners. The company, which runs and operates transportation technology startup ElasticRun, will use the proceeds to upgrade its tech infrastructure, on-board talent and expand […]
05/04/2017

Fin-tech firm Perfios raises $6.1 Million from Bessemer Venture Partners

Bangalore-based fin-tech firm Perfios Software Solutions Pvt Ltd has raised Rs 40 crore in its Series A round from Bessemer Venture Partners. The company will use the funds for global expansion, team ramp-up and potential acquisitions.
05/04/2017

Fresh produce distribution startup Waycool gets $2.7 Million from Aspada

Chennai-based Waycool Foods and Products Pvt Ltd, which operates omni-channel fresh produce distribution platform Waycool, has raised funding from impact investor Aspada Investment Company. Waycool, which operates predominantly in Tamil Nadu via a distribution hub in Chennai, will use the capital to expand to Bangalore and Hyderabad as well as […]
05/04/2017

SaaS startup Whatfix raises INR 24 Crore in Series A funding

Bengaluru-based B2B SaaS-based performance support startup Whatfix has raised INR 24 crore in Series A funding led by Stellaris Venture Partners with participation from existing VC investors Helion Venture Partners and Powerhouse Ventures. Marquee Angels Gokul Rajaram, Girish Mathrubootham, Aneesh Reddy, and Vispi Daver also participated in the round.
04/04/2017

Quicko Technosoft raises funds from Stellaris, others

Bengaluru-based Quicko Technosoft Labs Pvt Ltd, that helps companies create interactive text bubbles and ‘how-to’ guides on websites and apps through its product Whatfix, has raised INR 24 crore in series A funding led by Stellaris Venture Partners. The funding will be utilized for research and development and marketing the […]
04/04/2017

IoT startup Tyre Express raises angel funding

Enterprise IoT solutions startup Tyre Express Pvt Ltd has raised an additional amount in seed funding from an angel investor. The company is working on IoT-based solutions for vehicle diagnostics.
03/04/2017

Offline store aggregator Jhakaas raises seed funding

Mumbai-based Jhakaas Technologies Pvt Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised INR 1 crore (around $154,000) in seed funding from a clutch of investors. The funding will be utilized to develop the technology platform and boost merchant awareness.
03/04/2017

Former Blackstone exec leads $3.8 Million round in personal loan app CASHe

Aeries Financial Technologies Pvt Ltd, which operates personal loan app CASHe, has raised INR 25 crore in Series A funding led by Mathew Cyriac, former India co-head of private equity at Blackstone Group LP. CASHe disburses short-term personal loans of INR 5,000-1 lakh to young professionals based on their earning […]
03/04/2017

Gujarat Venture Finance bets $4.6 Million homeware maker Varmora Plastech

Venture capital firm Gujarat Venture Finance Ltd (GVFL) has invested INR 30 crore  from Golden Gujarat Growth Fund-I in Ahmedabad-based premium homeware manufacturer Varmora Plastech Pvt Ltd. Varmora Plastech will use the capital to expand its product range and market reach.
03/04/2017

Eruditus raises INR 53 crore from Bertelsmann India in series-B round

Eruditus Executive Education, a provider of executive education programmes, has raised $8 million (about INR 53 crore) in a series-B funding round from Bertelsmann India Investments. The company will use the funds to add new programmes with the existing and new university partners as well as expand its geographical reach […]
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