Archive News

25/05/2017

US-based Ebix to invest $120 Million for stake in Indian digital payment provider ItzCash

US-based software firm Ebix Inc will pay INR 800 crore ($120 million) for a majority stake in Indian payment provider ItzCash. Ebix will acquire an 80% stake in ItzCash.
25/05/2017

Witlinger beer maker raises pre-Series A round

Delhi-based Kaama Impex Pvt Ltd, which sells craft beer under the brand Witlinger, has raised its pre-Series A round of funding from two high net-worth individuals (HNIs.
24/05/2017

BOX8 raises INR 7 Crores of venture debt from Trifecta Capital as part of its INR 50 Crore series B round

Online food tech company BOX8 has raised INR 7 crores in venture debt funding from Trifecta Capital. The capital infusion is in addition to the INR 50 crores that Box8 raised in its series B round from IIFL Seed Ventures Fund & Mayfield.
24/05/2017

Japanese VC firm GREE Ventures marks final close of second fund

Japanese venture capital firm GREE Ventures, which has already struck two deals in India, has hit the final close of its second fund at $67 million (around INR 431 crore). GREE Ventures is a subsidiary of GREE Inc, a Japanese gaming and social networking firm.
23/05/2017

Acko gets a INR 200-Crore cover from investors

In the first major funding round for a startup in the insurance tech space, Mumbai-based Acko General Insurance, set up by Coverfox founder Varun Dua, has racked up $30 million (INR 200 crore) in its seed round. Investors include high-profile backers like Narayana Murthy and Kris Gopalakrishnan of Infosys, DSP […]
22/05/2017

Ummeed Housing Finance raises $5.6 Million in Series B funding

Ummeed Housing Finance Pvt Ltd has raised Series B funding of INR 36 crore from existing investors Lok Capital Growth Fund and Duane Park. The fresh round of investment will help the company expand in new locations in northern and central India. It will also invest in social, mobile, analytics […]
22/05/2017

Realty-tech startup Zipgrid raises $500K from JLL, 1Crowd

Zipgrid, a startup that provides technology and knowledge services to housing and commercial communities, has raised $500,000 in a pre-Series A round of funding from property consultancy firm Jones Lang LaSalle (JLL) and existing investor 1Crowd, a crowdfunding platform. The funding will be utilized to upgrade technology infrastructure and operations.
22/05/2017

Travel-tech startup Travelspice raises seed round

Travel e-commerce platform Travelspice has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures. The funding will be utilized for marketing and product development.
22/05/2017

Sotheby’s Indian arm RealPro Realty raises $7m from BCCL, HNIs

RealPro Realty Solutions Pvt Ltd, an Indian arm of luxury real estate advisory services provider Sotheby’s International Realty, has raised $7 million from Brand Capital and some undisclosed high-net-worth individuals (HNIs). Post this capital infusion, the company aims to open more offices, expand its team size and set up more […]
22/05/2017

This logistics startup gets a INR 200-crore Delhivery from Fosun

Logistics venture Delhivery has received $30 million (about INR 200 crore) in funding from Chinese conglomerate Fosun International as part of a larger equity financing round that also saw the participation from bulge bracket buyout specialist The Carlyle Group. The funding values the six-year-old company at about $650 million.
22/05/2017

Health food startup HealthSutra raises pre-Series A round

HealthSutra, a Hyderabad-based health food maker, has raised an undisclosed amount in pre-Series A funding from social venture fund Ankur Capital and Hyderabad Angels. Fountainhead Foods Pvt. Ltd, which runs HealthSutra, manufactures and markets packaged foods made from millets, i.e, jowar, bajra and ragi.
22/05/2017

Fashion portal Yepme raises funding from Gokaldas Exports

Delhi-based VAS Data Services Pvt Ltd, which runs fashion e-commerce firm Yepme, has raised an undisclosed amount in funding from listed garment exporter Gokaldas Exports Ltd (GEX). The firm will use the funds for the operations of its UK entity, Yepme UK Plc which deals in fashion products exclusively for […]
19/05/2017

Xiaomi to back startups that enhance mobile experience, says India head Manu Jain

Chinese smartphone maker Xiaomi Inc is looking to invest in companies that can help improve mobile and software experience, and whose services can be integrated into Xiaomi phones to provide a superlative experience. The investment could range from a few million dollars to tens of millions of dollars, or even […]
19/05/2017

FreeCharge raises INR 22 Crore from Jasper Infotech

Jasper Infotech, which owns and operates digital payments platform FreeCharge, has made a Rs 22-crore capital infusion in the company. FreeCharge Payment Technologies, at its Board meeting held on April 28, allotted 2.2-crore equity shares at a price of Rs 10 per share to Jasper Infotech.
19/05/2017

Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion

Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of INR 9,000 crore in One 97 Communications which owns mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth […]
19/05/2017

Consumer start-up EzCred raises more than $1 Million in fund

Bengaluru-based consumer lending startup EzCred has raised more than $1 million from a clutch of angel investors in its first round of funding. EzCred has a unique model of offering digital loans at offline points of sale, in contrast to several other online lending startups which offer credit or loans […]
19/05/2017

SoftBank to get $1 bn from Japan’s Sharp for Vision fund

Sharp Corp will invest up to $1 billion in SoftBank Group’s planned $100 billion Vision fund and aims to tap advanced technologies through the investment. Taiwan’s Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm Inc.
18/05/2017

RBI paperwork done, Paytm Payments Bank will open on May 23

India’s leading digital wallet provider Paytm has received a final licence from the Reserve Bank of India for its payments bank, clearing the way for its launch next week.
18/05/2017

Honeywell floats $100 Million venture fund to back tech startups

Honeywell International Inc has launched a $100 million investment fund that will focus on technology startups. Aerospace will be one of the key focus areas of the fund.
18/05/2017

Fintech startup PaySense gets $5.3 Million in Series A

Fintech startup PaySense, which runs a digital credit platform, has raised its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 Million from Nexus Venture Partners and angel investors in 2015.
18/05/2017

The Good Life Company raises $1 Million seed funding

Online luxury tea brand The Good Life Company has raised $1 million in seed funding from actress Ayesha Takia Azmi and her husband Abu Farhan Azmi. Launched in 2016 by former Boston Consulting Group executives Bhuman Dani and Shariq Ashraf, the startup claims to offer over 300 varieties of in-house […]
18/05/2017

Online water pump retailer PumpKart raises seed funding

Online water pump retailer PumpKart has closed a seed round of funding from Ritesh Malik, founder of Innov8 and Project Guerrilla. Launched as a B2C platform to sell pumps online in 2014, PumpKart pivoted to a B2B model in 2016, where it now partners with retailers and sources products directly […]
17/05/2017

Fintech startup Telr gets INR 20 crore from Innovations East fund

Singapore and India-based, emerging market-focused fintech startup Telr has raised $3 millionin a fresh round of equity financing, which has been led by the Innovations East fund. The three-year-old B2B startup will use the proceeds from the Series-B round of funding to further expand its presence, with a particular focus […]
17/05/2017

Nadir Godrej, Anand Piramal back luxury homes developer Isprava

Mumbai-based luxury homes developer Isprava Vesta Pvt Ltd has raised Rs 11 crore in a bridge round of funding from a clutch of high-net-worth individuals. The investors included Godrej Industries Ltd managing director Nadir Godrej and Piramal Group executive director Anand Piramal.
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