Archive News

07/02/2020

PayU India co-founder Shailaz Nag’s startup Dot raises USD 8 Million in seed round

PayU India co-founder Shailaz Nag’s new startup, Dot has raised an initial seed funding of around USD 8 million, led by PayU and Fosun RZ Capital.
06/02/2020

Online Pharmacies to lead eHealth market to touch USD 16 Billion in five years

India’s eHealth market, led by the online pharmacy category, is pegged to touch USD 16 billion over the next five years, from its current market size of ~ USD 1 billion, according to market watcher Red-Seer Consulting.
06/02/2020

Kuku FM Plans To Strengthen Podcast Creator Base Reach With around INR 39 Crore Series A Funding

Mumbai-based vernacular audio platform Kuku FM has raised around INR 39 Crore funding led by Vertex Ventures and the round saw participation from existing investors Shunwei Capital, India Quotient and 3one4 Capital.
06/02/2020

Instamojo buys digital commerce platform GetMeAShop in its first acquisition

Digital payment platform Instamojo has acquired Times Internet-owned GetMeAShop, a digital commerce platform for micro, small and medium enterprises, for USD 5 million in cash.
06/02/2020

Leap India raises INR 164 crore in Series B funding

Agricultural warehousing and logistics firm Leap India Food and Logistics, has raised Rs 164 crore in Series B funding from the Danish SDG Investment fund and Neev Fund.
05/02/2020

Rebel Foods Raises INR 35 Crore Debt Funding From Alteria To Expand Overseas

Mumbai-based leading venture capital fund Alteria Capital has made another debt fund worth INR 35 Crore in Rebel Foods
05/02/2020

Snapdeal Founders, Avaana Capital Invest In Cycle Brand Frog

Homegrown bicycle brand Frog’s parent company AlphaVector has raised an undisclosed amount from Avaana Capital and Titan Capital, which is an investment arm of Snapdeal’s cofounders Rohit Bansal and Kunal Bahl
05/02/2020

Sequoia eyes complete exit as Stove Kraft refiles for IPO

Sequoia Capital-backed kitchen appliances maker Stove Kraft Ltd has refiled its draft prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO)
04/02/2020

Fleetx raises INR 21 crore in Series A round

Fleet management and predictive analytics platform Fleetx has received around INR 21 crore as part of its Series A round led by Singapore-based venture capital firm Beenext alongside existing investor India Quotient
04/02/2020

Info Edge Venture Fund Will Invest In AR Rahman-Backed Qyuki

Noida-based Info Edge the parent company of the online job listing platform Naukri, has invested around INR 25 Crore in Mumbai-based media company, Qyuki via its newly launched venture fund.
04/02/2020

Online pharmacy 1mg pops a funding pill from Bill & Melinda Gates Foundation

1mg Technologies, which operates health-technology startup and online pharmacy 1mg, has raised around INR 71 crore in funding from the Bill & Melinda Gates Foundation.
04/02/2020

Electric vehicle startup RACEnergy gets funding from GrowX Ventures

Racenergy, which is developing electric vehicle powertrains and recharging infrastructure, has raised funding from growX Ventures and early-stage investor Prophetic Ventures.
03/02/2020

DEAL ANNOUNCEMENT: Enablers advises Insurtech company, Roadzen on a secondary share sale

Enablers advises global insurance technology company Roadzen for a secondary stake sale transaction. Ashish & Sohil Chand via their Family Office, Yukti Securities and Aarthi Ramakrishnan, MD of Mizuho Securities India participated in the round. Roadzen is transforming global insurance with its multi-platform solutions for underwriting, claims management, distribution, inspection […]
03/02/2020

Kalaari, Matrix Invest In Bridge Series C Funding In Vogo

Bengaluru-based two-wheeler rental platform Vogo has raised around INR 14 crore yet another tranche of its bridge Series C funding round.
03/02/2020

Vernacular Edtech Startup Entri Bags INR 10 Crore In Seed Round To Add More Languages

Edtech startup Entri has closed a seed round of INR 10 crore led by Good Capital and it is a local language learning app for India that provides different types of learning content in vernacular or regional Indian languages for job aspirants.
03/02/2020

Doubtnut Raises USD 15 Million Funding In Series A Led By Tencent

Edtech startup Doubtnut has raised USD 15 Million in a fresh round of funding led by Tencent with participation from existing investors Omidyar Network India, Japan-based Akatsuki Entertainment Fund and Curefit founder Ankit Nagori along with Sequoia Capital India.
31/01/2020

ROADZEN

Enablers advises Insurtech company, Roadzen on a secondary share sale Enablers advises global insurance technology company Roadzen for a secondary stake sale transaction. Ashish & Sohil Chand via their Family Office, Yukti Securities and Aarthi Ramakrishnan, MD of Mizuho Securities…. Read More
31/01/2020

AdOnMo Bags USD 3 Million From BAce Capital, Others To Expand To More Cities In India

Hyderabad-based out-of-home (OOH) advertising startup AdOnMo has raised USD 3 Million in a funding round led by Ant Financials’ BAce Capital.
31/01/2020

Airtel Payments Bank Raises INR 225 Crore For Deeper Presence In India

Bharti Airtel’s financial service arm Airtel Payments Bank has raised INR 225 Crore from its parent companies Bharti Airtel and Bharti Enterprises to solidify its presence in India and expand to Africa.
31/01/2020

YC-Backed Kisan Network Gets Seed Funding From Mistletoe, Thiel Foundation And Others

Gurugram-based agritech startup Kisan Network has raised USD 3 Million in a seed funding round and the investment has been led by Atsushi Taira at Mistletoe, with participation from Y Combinator, the Thiel Foundation, Venture Highway, FundersClub, Lynett Capital, Gokul Rajaram and other angels.
31/01/2020

Policybazaar, Cred backer Ribbit Capital targets USD 420 million for new fund

US-based fintech-focussed investor Ribbit Capital, which counts Indian unicorn Policybazaar among its portfolio companies, has floated its sixth global fund and aims to raise USD 420 million
31/01/2020

Real estate platform MultiplyMyLeads raises funding from Frontline Strategy, SucSEED

Uniplatform Tec which owns real estate software-as-a-service (SaaS) platform MultiplyMyLeads, has raised an undisclosed sum from investors including Frontline Strategy Funds and SucSEED Venture Partners.
31/01/2020

Equanimity Ventures bets on management training startup SEAL Professional

Bayside Media, which operates a management training program startup SEAL Professional, has raised capital in its pre-Series A funding round from Mumbai-based Equanimity Ventures
30/01/2020

Unotech Software Raises USD 2 Million To Increase Focus On Open Source Development

Enterprise technology startup Unotech Software has raised USD 2 Million Series A funding from Manish Choksi, promoter of Asian Paints.
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