Archive News


Shell invests INR 55 crore in biomass firm Punjab Renewable

Shell India, the local arm of the Netherlands based Royal Dutch Shell Plc has made an equity investment of INR 55 crore in biomass company Punjab Renewable Energy Systems Pvt Ltd

GrowX Ventures leads pre-Series A funding in HR-tech startup Advantage Club

Gurugram-based employee rewards and recognition platform Advantage Club has raised USD 1 million as part of its pre Series A round of funding led by GrowX Ventures and joined by early stage investor Sprout Venture Partners among others

DSG Consumer Partners marks final close of third fund

Venture capital firm DSG Consumer Partners has marked the final close of its third fund at USD 65 million overshooting the target of USD 50 million

ThoughtSpot gets USD 248 million in Series E round

ThoughtSpot the enterprise focused search and artificial intelligence driven startup founded by former Nutanix cofounder Ajeet Singh and Amit Prakash has raised USD 248 million in its latest round of funding, led by existing investor Lightspeed Ventures

Subscription management platform Chargebee secures USD 14 million funding

San Francisco-based subscription management platform Chargebee has raised USD 14 million in Series D funding led by London-based Steadview Capital and existing investors Insight Venture Partners and Accel also participated in the funding round

IIT Mandi Tech Incubator Launches New Pro-Startup Initiatives

IIT Mandi, Himachal Pradesh reportedly said that its startup incubator, Catalyst will disburse over INR 10 Cr to startups over next five years

Fitternity Receives Additional Series A Infusion

Mumbai based fitness discovery and booking startup Fitternity has raised an additional USD 1 Million as part of its Series A funding from Sixth Sense Ventures and other investors

Cisco To Acquire SaaS Startup CloudCherry By 2020

Cisco has announced that it will acquire customer experience management (CEM) company CloudCherry

Fintech Startup Recko Raises Funds From Clutch Of Angels For International Expansion

Bengaluru-based fintech startup Recko has raised an undisclosed amount of fresh funding from marquee angel investors which includes Taavet Hinirikus (cofounder of Transferwise), Ashish Gupta (managing director, Helion Ventures), Vaibhav Puranik (financial product head for Carta), Shamir Karkal, (founder of Sila Money), Eric Kwan (early Facebook engineer and founding engineer […]

Automation Anywhere has USD 100 million to grow

SoftBank backed Automation Anywhere plans to invest USD 100 million over three-five years to expand its capacities in India with the country emerging as the second largest market for the company

WestBridge leads INR 391 crore Series B round in Rapido

Roppen Transportation Services Pvt Ltd, which runs bike pooling and taxi startup Rapido has raised INR 391 crore in its Series B funding round led by private equity firm WestBridge Capital

DocsApp Acquires DocWise, Aims At Better Network And Engagement

Bengaluru based online doctor consultation platform DocsApp has acquired DocWise, another Bengaluru based patient doctor engagement optimization platform for an undisclosed amount

SoftBank In Talks To Invest In Indian Startups Lenskart, Dailyhunt

SoftBank Vision Fund has been eyeing new bets in the Indian market The SoftBank tech investment unit is reportedly in advanced talks to close investment deals with two Indian companies eyewear retailer Lenskart and vernacular news and content platform Dailyhunt

A91 may put USD 10 million in Atomberg Tech

A91 Partners the investment fund founded by three former managing directors of Sequoia Capital is close to investing USD 10 million in energy efficient and connected fan maker Atomberg Technologies

Cred closes USD 120 million round as valuation jumps to USD 450 million

Fintech startup Cred has closed a USD 120 million funding round led by existing backers Ribbit Capital, Gemini Investments, a personal investment vehicle of Yuri Milner’s DST Global and Sequoia Capital

Iron Pillar leads Series B funding in Freshtohome

Bengaluru-based online fish and meat seller Freshtohome Foods Pvt Ltd has raised USD 20 million in its Series B round of funding led by venture capital firm Iron Pillar

BharatPe raises USD 50 million from Ribbit, Steadview

BharatPe, a QRcode based payments app for offline merchants has closed its USD 50 million financing led by US-based financial technology focused investor Ribbit Capital.

Zendrive bags USD 37 million in Series-B round

Driving analytics platform Zendrive has raised USD 37 million in a Series-B funding round led by XL Innovate with participation from Hearst Ventures and existing investors including ACME Capital, BMW iVentures, NYCA and SignalFire, among others  

Norwest backs a property & project management company

SILA Solutions Pvt Ltd, a property and project management company has raised INR 56 crore from multi-stage investment firm Norwest Venture Partners.

Steadview Capital invests in spa and salon software provider Zenoti

Zenoti, a software provider to salons and spas has raised USD 20 million in a round of funding from alternative asset management firm Steadview Capital.

INDwealth Bags USD 15 Million Funding from Tiger Global

Fintech startup INDwealth which is based in Gurugram has raised USD 15 Million in a funding round from New York based hedge fund Tiger Global.

Utsav Somani & Abhishek Madhavan lead Seed Funding in Dose FM

Mumbai-based audio streaming platform Dose FM has raised an undisclosed amount of seed funding from Abhishek Damodara and includes AngelList syndicate led by Utsav Somani and other angel investors such as Abhishek Madhavan of Loco and MPL.

Nazara gets 67% stake in Sportskeeda

Mumbai based mobile gaming startup Nazara Technologies invested INR 44 Crores for 67% stake in sports content website Sportskeeda

RPS Ventures leads funding round in fintech firm Tala

FinTech company Tala has raised USD 110 million in Series-D funding led by RPS Ventures.