Archive News

18/10/2018

InnoVen Capital offers venture debt to holiday marketplace TravelTriangle

TravelTriangle, an online marketplace for holiday packages has raised USD 3 million in venture debt from InnoVen Capital.
18/10/2018

Sequoia Capital to split India investment team into venture and growth

Venture Capital firm Sequoia Capital India is splitting its investment team into venture and growth verticals in line with a strategy it follows in the US and China.
18/10/2018

Biotech startup Mynvax raises angel funding from former Nokia exec, others

Mynvax Pvt Ltd, a biotech startup, has raised its angel round of funding from a clutch of individuals including Ajith Sukumaran.
17/10/2018

Japanese firm picks up stake in Incut Digital

Japanese consumer internet company istyle Inc has picked up a stake of worth INR 25 crore in women-focused content startup Incut Digital Pvt Ltd, which runs online beauty and wellness community StyleCraze and parenting network MomJunction.
17/10/2018

Drivezy to raise USD 20 million in this round

Sharing economy-focused startup Drivezy is in advanced stages to raise USD 20 million in its series B round of funding led by the company’s existing backer Das Capital, as the Bengaluru-based startup looks to ramp up its vehicle fleet.
17/10/2018

Foodpanda acquires cloud kitchen Holachef

Ola-owned food delivery firm Foodpanda has acquired Mumbai-based cloud kitchen venture Holachef.
17/10/2018

Indian Angel Network, others back farm-to-fork marketplace FarmersFZ

Online marketplace FarmersFZ (Fresh Zone), where growers sell vegetables, fruit and others directly to customers in Kochi, has raised an undisclosed amount in a seed round from Indian Angel Network, IAN fund, Malabar Angels and angel network NativeLead.
17/10/2018

Healthcare financing platform LetsMD gets USD1 million top-up from Orios Venture Partners

Healthcare-focused fin-tech startup LetsMD has topped up its pre-Series A funding round with an additional USD1 million from early-stage investment firm Orios Venture Partners.
16/10/2018

Delivery startup DailyNinja acquires WakeupBasket

Hyperlocal subscription-based delivery startup DailyNinja has acquired Hyderabad-based WakeupBasket in a cash and equity deal, as the company looks to strengthen its presence in the city.
16/10/2018

Techstars accelerator-backed Spoonshot acquires analytics startup Brisky

Spoonshot Inc (formerly Dishq), which predicts consumer tastes and food trends using food science and artificial intelligence, has acquired Hyderabad-headquartered restaurant analytics startup Brisky.
16/10/2018

Worxogo raises INR 16.5 crore from Inventus, Ideaspring

Worxogo, a startup that offers a cognitive artificial intelligence (AI) engine to give personalized performance inputs to employees, has raised around INR 16 crore from Inventus Capital and Ideaspring Capital in its first round of funding.
16/10/2018

Chip-design testing startup Singularity Dynamics gets VC funding

Singularity Dynamics Pvt Ltd, which tests chip designs using artificial intelligence, has raised funds of INR 4 crore in a seed round led by venture capital firms.
16/10/2018

Prime Venture leads Series A funding in security management app myGate

myGate, a mobile-based security management solution for gated premises, has raised INR 65 crore in a Series A round led by existing investor Prime Venture Partners.
16/10/2018

Angel investors pump USD 700 k in steel marketplace Virtual Metalstreet

Bengaluru-based steel marketplace Virtual Metalstreet Pvt Ltd said it has raised USD 700,000 in an angel round.
15/10/2018

US-based Concept Medical raises USD 60million to boost India, global operations

Florida-based medical device company Concept Medical Inc, which also has operations in India, has raised USD 60 million from the family office of Indian-American cardiologist and entrepreneur Dr Kiran Patel and Pallavi Patel.
15/10/2018

Poultry firm Srinivasa Farms plans family office to invest in startups

Srinivasa Farms Pvt Ltd, a poultry company, plans to set up a family office under its delisted group firm Srinivasa Hatcheries Ltd which seeks to invest in startups into allied businesses such as retail, processed foods and agri-businesses.
15/10/2018

Alibaba’s payment affiliate invests USD 210 million more in Zomato

Online restaurant discovery and food delivery company Zomato Media Pvt Ltd is raising USD 210 million (INR 1,500 crore) from Chinese e-commerce giant Alibaba Group’s payment affiliate.
12/10/2018

BookMyBai.com raises pre-series A Round from Japan-based fund

Domestic help provider BookMyBai,com has raised an undisclosed amount of money in its pre-series A round from ARUN Seed, a Japan based social venture fund, besides from other Japanese angel investors.
12/10/2018

Fintech firm MobiKwik forays into wealth management, acquires Clearfunds

Fintech startup MobiKwik has made its first acquisition by taking over Mumbai-based wealth management platform Clearfunds for an undisclosed amount.
12/10/2018

IIM-A incubator, OmniActive’s Mariwala invest in agri-tech startup Sattvaponics

Agri-tech company Sattvaponics Solutions Pvt Ltd has raised seed funding from the startup incubator of the Indian Institute of Management, Ahmedabad, and OmniActive Health Technologies Ltd founder Sanjaya Mariwala.
12/10/2018

Former Google India, Flipkart execs back AI-based matchmaking startup Betterhalf

Betterhalf,ai, an artificial intelligence-powered matchmaking platform, has raised seed funding of USD 500,000 from angel investors including former Google India managing director Shailesh Rao and Flipkart’s former investment director Vinay Subramanian.
11/10/2018

India: Future Enterprises acquires 55% stake in fintech startup LivQuik

Kishore Biyani-led Future Enterprises Ltd acquired a 55% stake in Mumbai-based fintech startup LivQuik Technology (India) Pvt Ltd, which operates the QuikWallet mobile app.
11/10/2018

Co-working firm Innov8 raises USD 4 million led by Credence Family Office

Shared workspaces start-up Innov8, owned by Guerilla Infra Solutions Pvt Ltd, has raised a USD 4 million pre-Series A round led by Credence Family Office.
11/10/2018

Fosun closes deals across sectors; Leads USD 12 million round in LetsTransport

The Shanghai-headquartered company,through its venture capital arm Fosun RZ Capital has led a USD 12 million investment round in intracity logistics venture LetsTransport.
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