Archive News

27/03/2017

Fashion portal Fynd raises $500K from Venture Catalysts

Online fashion marketplace Fynd, run by Shopsense Retail Technologies Pvt Ltd, has raised $500,000 from seed investment platform Venture Catalysts in its Series A round of investment. The funding will be utilized to enhance its consumer offerings and strengthen its brand strategy.
27/03/2017

Cross Border Angels commits $500K into eight startups

Cross Border Angels , the investment network started by US-based Scaale Group three years ago, has committed to invest at least $500,000 in eight Indian startups. The startups include Mumbai-based Shirsa Labs Pvt Ltd, Hyderabad-based EdgeFx Technologies Pvt Ltd, Jaipur’s eShiksa and Pune-based 14Square.
27/03/2017

Sports Flashes raises angel round

New Delhi-based India Sports Flashes Pvt Ltd, which operates sports content app Sports Flashes, has raised an undisclosed amount in angel funding from Vikas Bajaj, joint managing director, Bajaj Motors Ltd, and Amit Kharbanda, founder, MyBox Technologies Pvt Ltd. The app is currently available to users in five languages.
27/03/2017

Medical tourism startup Oxa raises seed funding from Idein Ventures

Healthcare startup Oxa Medical, which provides curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE-based Idein Ventures Pvt Ltd. It will use the money to build its technology stack and expand its operations.
27/03/2017

Education sector-focused PE firm Kaizen marks first close of second fund

Education sector-focused private equity (PE) firm Kaizen Management Advisors Pvt. Ltd said it has marked the first close of its second fund—Kaizen Private Equity II—at Rs285 core (about $42 million) with five investors that included institutions and strategic education companies. Some of Kaizen’s portfolio companies include Neev Knowledge Management Pvt. […]
27/03/2017

Personal assistant platform DoneThing raises Rs 2 crore from Brand Capital

DoneThing, an on-demand personal assistant service, has raised Rs 2 crore (about $300,000) funding from Brand Capital. The startup will use the funding for geographical growth and service expansion.
27/03/2017

Marketing automation startup Wigzo raises funds for expansion

Marketing automation platform Wigzo has raised an undisclosed amount of funding in a bridge round that was led by existing investor 3one4 Capital. The round also saw the participation from Aarin Capital, Advantedge Partners and a bunch of angel investors, including Arjun Sharma of Select Hospitality, and Mohit Gulati of […]
27/03/2017

PharmEasy raises Rs 111 crore in Series-B round

Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors. PharmEasy’s latest round of funding was led by Silicon Valley’s Bessemer Venture Partners and Mumbai-based Orios Venture Partners as well as Aarin Capital also participated […]
24/03/2017

$100 million Delhivery from Carlyle as e-commerce logistics hots up

Carlyle Asia Partners IV (CAP IV) has led a $100 million (Rs 655 crore approx) funding round for e-commerce logistics company Delhivery for a significant minority stake in the company. Existing investor Tiger Global also participated in the round which values the company at close $700 million (Rs 4700 crore).
24/03/2017

BabyOnBoard gets seed funding from Anant Pandit, others

BabyOnBoard, a Bangalore-based parenting startup, has received an undisclosed amount of seed funding from Gana Yantrika Systems Anant Pandit. BabyOnBoard which helps parents save memories of their baby and share the parenting journey with family and friends, will use the money for product development and enhacing user experience.
24/03/2017

PE fund Paragon Partners invests $15m in 2 companies

Private Equity (PE) fund Paragon Partners has invested $15 million (INR 100 crore) in two Indian companies-INR 75 crore in Cravetex Brands Ltd and INR 25 crore in InCred Finance.
24/03/2017

Accel Partners invests in Pi Ventures’ maiden VC fund

Venture capital firm Accel Partners has invested an undisclosed amount in early-stage venture fund Pi Ventures. Pi Ventures backs early-stage startups that focus on solving problems in healthcare, logistics, retail, fin-tech and enterprise sectors using artificial intelligence, machine learning and Internet of things.
24/03/2017

Retail tech startup Mobisy Technologies raises bridge round

Bangalore-based Mobisy Technologies Pvt Ltd, which operates supply chain automation platform Bizom and mobile marketplace app Distiman, has raised $382,000 in a bridge round from existing investor Ojas Ventures and two undisclosed angel investors. The fund raised will be used to expand Distiman geographically and scale up Bizom’s operations.
23/03/2017

Lyft acquires Pune-based startup FinitePaths

Ride-sharing app Lyft has acquired Pune-based startup FinitePaths for an undisclosed valuation. Following the acquisition, the app built by FinitePaths will be shut down and the cofounders will join the Lyft team.
23/03/2017

Pregnancy & baby care products startup The Moms Co. raises seed round

Amishi Consumer Technologies Pvt Ltd, which runs pregnancy and baby care products firm The Moms Co, has raised an undisclosed amount in seed funding from co-founder of food startup Fingerlix and beverages firm PaperBoat Shripad Nadkarni, Nestle executive Nandu Nandkishore, and senior partners from McKinsey. It will use the funds […]
23/03/2017

Social startup Haqdarshak raises angel funding, $2 Million commitment

Bangalore-headquartered Haqdarshak Empowerment Solutions Pvt Ltd, a tech-enabled social enterprise, has raised close to $191,000 in angel funding from a clutch of investors, including WonderChef managing director Ravi Saxena and former Infosys executive Sandeep Raju. Besides, for its pre-Series A funding round, the startup has secured in-principle commitment from three […]
23/03/2017

Sequoia, Fosun invest $15 Million in travel marketplace ixigo

Gurgaon-based Le Travenues Technology Pvt Ltd, which runs online travel search engine ixigo, has raised $15 million (about INR 100 crore) in a Series B funding round led by Sequoia Capital. The funds will be used largely on product and tech enhancement, and growth.
22/03/2017

Former Karnataka CM to back cab aggregator HDK Cabs

Former Karnataka Chief Minister HD Kumaraswamy plans to invest up to INR 50 crore in new  mobile-based cab-hailing venture, HDK Cabs. Kumaraswamy would make an initial investment of  INR 2- 3 crore, which could go up to INR 50 crore in the next two years.
22/03/2017

IFC to invest $3 Million in pi Ventures’ maiden fund

pi Ventures, an early-stage venture capital firm, which recently marked first close of its maiden fund, has received an investment commitment of $3 million from the International Finance Corporation. The Bangalore-based VC firm plans to invest in 18-20 startups from this fund over a 3-4 year time frame.
22/03/2017

MyGlamm gets a INR 35 Crore springboard

On-demand beauty services provider MyGlamm has raised INR 35 crore from French cosmetic giant L’Occitane to expand its offerings in India ahead of beginning operations overseas. MyGlamm, seeking to establish itself as a fullstack beauty business, is preparing to introduce about 100 makeup products in India by July and take […]
22/03/2017

Draper ready to cut $1 Million cheques in India

Timothy Cook Draper, the founder of venture capital firm Draper Associates, wants to resume investing directly in early-stage Indian startups almost a year after he exited the country. The American venture investor plans to write cheques of about $1 million each, on average, for Indian startups working in areas such […]
21/03/2017

Hiring startup PMaps Assessment raises angel funding

Mumbai-based analytics-driven hiring services provider PMaps Assessment, which is run by PMaps HR Consultants Pvt Ltd, has raised its first external funding from a group of Pune-based investors. The investment was led by angel investor Shubhangi Jadhav.
21/03/2017

Kalaari Capital leads Series A round in payments start-up Airpay

Airpay Payment Services Pvt Ltd, a start-up that runs omni-channel payments platform Airpay, has raised series A funding of INR 24 crore led by venture capital firm Kalaari Capital, with participation from existing investors Rakesh Jhunjhunwala and Rajesh Jhunjhunwala. Airpay is a payments platform through which enterprises can make and […]
20/03/2017

Marico buys 45% stake in men’s grooming brand Beardo

Indian consumer goods company Marico has acquired 45% stake in men’s grooming brand Beardo. With this acquisition, Marico is set to strengthen its portfolio and stake in the men’s grooming market currently worth INR 3,200 Crores.
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