Archive News

01/03/2017

Agri-tech startup Paalak.in raises seed funding

Delhi-based VDSS Agri Tech Pvt Ltd, which owns and operates agri-tech startup Paalak, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. The funding will be utilized to develop a new consumer web platform and […]
01/03/2017

Fintech startup RedCarpet raises $2.5 million in funding led by Lightspeed Venture

Gurgaon based RedCarpet, a student microlending startup that provides loans without credit card and bank account details, has funding in a round led by Lightspeed Venture Partners. The funding will be utilized to improve the technology behind risk evaluation, introduce new student-lending features, hire data scientists and deepen market penetration.
01/03/2017

iGenetic Diagnostics raises INR 130 Crore to buy more firms

iGenetic Diagnostics has secured financing from the UK’s CDC Group and Manipal Education and Medical Group (MEMG) that it will use to buy nearly a handful of companies this year. iGenetics offers affordable molecular diagnostics services in areas of critical care, oncology, gynaecology and infertility.
01/03/2017

Tech startup Karomi raises INR 3.5 Crore from Ideaspring

Early-stage technology fund Ideaspring Capital has made its first seed investment in Chennai-based tech startup Karomi, which offers packaging artwork management software product for pharma and FMCG companies. The funding will be utilized to expand into the US market.
01/03/2017

Digital company Langoor invests in startup Kreate Konnect

Vadodara-based start-up Kreate Konnect raised an undisclosed amount of angel funding from Langoor, a Bengaluru based digital company. Langoor, is a full service digital-first agency, turns angel investor for the Vadodara based e-commerce management organization, Kreate Konnect. Kreate Konnect, is an end-to-end e-commerce management company that leverages technology to help […]
28/02/2017

Jewellery e-tailer Johari Shop raises angel funding

Jewellery e-commerce marketplace Johari Shop has raised $94,000  from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The funding will be utilized to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bangalore’s […]
28/02/2017

Live learning platform NeoStencil raises $1 Million in funding

Ed-tech startup NeoStencil India Pvt Ltd has raised $1 million in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust. A one-stop destination for UPSC preparation, the company provides live as well as recorded classes, test series and study material from […]
28/02/2017

Ola raises $330 Million in fresh round led by SoftBank

Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt Ltd, has raised $330 million (INR 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp. It is reported that the Japanese tech giant and two other existing investors participated in the round, but the cab aggregator’s valuation dropped […]
28/02/2017

DSG Consumer Partners hits final close of new fund at $40 Million

Deepak Shahdadpuri-led early-stage investment firm DSG Consumer Partners has achieved the final close of its second fund at $40 million(INR 267 crore). The second fund, DSGCP II, aims to make 20 investments. It will focus on companies in India and Southeast Asia, and will deploy the entire corpus by mid-2018.
28/02/2017

Sidbi doubles fund of funds operations; sanctions INR 300 Crore

Sidbi has cleared sanction requests of nine funds aggregating INR 300 crores in a recent meeting, showing a significant upsurge in the fund of funds operations focused on MSME and startups. Sidbi as manager of these funds has constituted a Venture Capital Investment Committee (VCIC) which includes external experts Mohandas […]
28/02/2017

Big data recruitment startup Belong raises $10 Million in funding led by Sequoia

Bengaluru-based big data recruitment startup Belong has raised $10 million (INR 68 crore) in funding led by Sequoia Capital, existing investor Matrix Partners also participated in this series-B funding round. The funding will be utilized to accelerate product development, expand sales and support operations, and hire more people.
27/02/2017

Global Super Angels Forum makes fresh investments in 5 startups

Gurgaon-based startup accelerator Global Super Angels Forum (GSF) has made fresh investments in five startups which constitute its fifth batch for its accelerator programme. The five startups are, bot-assistant player YellowAnt, artificial intelligence (AI)-driven chatbot solution HeyMojo, deep-learning tech startup Silversparrow, appbased health program Breathe Well-being, and tech-enabled investment platform […]
27/02/2017

ItzCash makes equity investment in fintech startup Finly.io

Digital payment company ItzCash has made an equity investment in Bengaluru-based fintech startup Finly, which has developed an expense management tool for corporates. Finly, which currently has a web and mobile platform, will use ItzCash’s prepaid card for expense management and disbursement.
27/02/2017

Stay Abode raises undisclosed amount in angel round

Stay Abode, which builds co-living spaces, has raised an undisclosed amount in an angel round from a consortium of investors led by Ishan Manaktala, COO of CoreOne Technologies; and Angie Mahtaney, CEO at K Mohan Exports.The funding will be utilized to expand to other cities including Pune, Mumbai and Delhi.
27/02/2017

Clean-tech startup igrenEnergi raises funding from Japanese investors

igrenEnergi Inc, a US-based solar energy startup incubated at the Indian Institute of Technology-Bombay, has raised an undisclosed amount of funding from Japan’s BroadBand Tower Inc and GiTV. BroadBand Tower operates data centres and provides cloud services to e-commerce companies, video distribution sites and social media.
27/02/2017

Ventureast floats early-stage fund to back health-tech startups

Early-stage investor Ventureast Fund Advisors India Ltd is raising a new $4 million fund to make angel and seed investments in digital healthcare startups. This fund is an “independent initiative” as part of the healthcare series.
27/02/2017

Mobile ad platform Oglas raises angel funding

Noida-based mobile advertising startup Oglas has raised angel funding from two people. The Oglas application is an image- and video-based advertising tool for businesses. The multi-utility platform works as a customer retention tool with inbuilt loyalty and a referral programme with customizable solutions. Users get rewards for using the app […]
24/02/2017

Matrix-backed Stayzilla shuts down, will ‘reboot’ with different model

Online homestay and alternate stay aggregator Stayzilla has suspended its operations and will reboot with a different business model. Started in 2007, Stayzilla started off by offering budget hotel accommodation to travellers but shifted its focus to home stays early last year.
24/02/2017

Get My Parking raises $1.1 Million from IAN, others

Cloud-based mobile parking technology startup Get My Parking has raised pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The funding will be utilized to deploy its integrated smart parking platform.
23/02/2017

Bharti Airtel acquires stake in fintech startup Seynse

Indian telecommunications major, Bharti Airtel has acquired an equity stake in fintech startup Seynse Technologies Pvt Ltd, for an undisclosed amount. The deal has been facilitated through its subsidiary arm, Bharti Airtel Services.mLaunched in 2015, Seynse offers a host of digital financial services to its users including a digital lending […]
23/02/2017

B2B pharmacy app Reap raise funding from FreeCharge founders, Chaayos CEO

Mumbai-based Workcell Solutions Pvt Ltd, which runs B2B app for pharmacies Reap, has raised an undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon, Chaayos co-founder and CEO Nitin Saluja and Thinklabs founder Gagan Goyal. The funding will be utilized to develop the product further and […]
21/02/2017

Orios Venture Partners raises second fund

Orios Venture Partners has closed the fundraising process for its second fund at a lower-than-targeted level but plans to hit the road again within the year, as the Mumbai-based venture capital firm looks to accelerate its pace of investments after staying on the sidelines in 2016.
21/02/2017

IAN makes first close of maiden venture fund

Indian Angel Network’s eponymous IAN Fund has marked its first close, receiving commitment from investors within the network as well as high-net-worth individuals (HNIs). The fund will focus on sectors such as e-commerce, semi-conductors, gaming, and robotics.
21/02/2017

IDG, Accion to invest more in CreditMantri

Chennai-based online credit management startup CreditMantri Finserve Pvt Ltd is set to raise INR 51 Crore in Series B funding from new and existing investors. Founded in 2012 CreditMantri is an online platform that helps customers make borrowing decisions. It helps them understand their credit scores, learn how to improve […]
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