Archive News

14/03/2017

Freecharge raises INR 30 Crore funding from parent Jasper Infotech

Jasper Infotech, which owns and operates e-commerce platform Snapdeal, has put in an additional INR 30 crore in its digital payments platform Freecharge.
14/03/2017

Mantras Green Resources, others investing $7.5 Million in EcoMitram to form SPV

EcoMitram Sustainable Solutions Pvt Ltd, a Jaipur-based company which is creating and managing renewable projects, got a commitment of INR 50 crore from three companies to form a special purpose vehicle (SPV). The startup is developing a 10MW of solar roof project and for that, it will be creating special […]
14/03/2017

Health and wellness startup MyDermacy raises funds from Chinese VC firm Cyber Carrier

Delhi-based online health and wellness startup MyDermacy has raised an undisclosed amount of funding in a pre-series-A round from India-focused Chinese venture capital firm Cyber Carrier. As part of this transaction, the venture firm has acquired 15-18% equity in the two-year old startup. The funding will be utilized to expand […]
10/03/2017

Real estate portal MagicBricks raises funding from Times Internet

Online real estate portal MagicBricks has raised INR 30 crore from Times Internet Ltd. The funding will be utilized for product development, brand building, and marketing initiatives.
10/03/2017

K2 Global to invest more in Paytm, Saavn

Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile applications Paytm and Saavn, which are among start-ups with strong growth market strategies in India. K2 Global, which has built up stakes in Paytm and Saavn over in about two […]
10/03/2017

Ideaspring Capital invests in Bengaluru startup Lavelle Networks

Early-stage venture capital fund Ideaspring Capital has invested $600,000 in Lavelle Networks, a Bengaluru-based startup in the software defined networking (SDN) space. The funding will be utilized for expansion and marketing.
10/03/2017

Property Share raises funding from Japanese firm Asuka and existing investors

Property Share, a Bengaluru-based startup that enables fractional property ownership, has raised an undisclosed amount in a funding round that was led by Japanese asset management firm Asuka, and existing investors Pravega Ventures and Singapore-based venture capital fund Beenext. The funding will be utilized for technologically upgrading the product and […]
10/03/2017

I-banking firm Sprout Capital floats micro VC fund

Bangalore-based boutique investment banking firm Sprout Capital Advisors LLP has launched a micro venture capital fund that aims to bet on companies benefiting from growing domestic consumption.
10/03/2017

App aggregator AppBrowzer raises $500K from Deepak Gurnani, others

Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network. AppBrowzer helps users search, discover and use various apps without any download or installation.
09/03/2017

Blue Box Media acquires lifestyle blog Connect Jaipur

Blue Box Media Pvt Ltd, which operates technology news site The Tech Portal, has acquired a majority stake in Jaipur-headquartered lifestyle blog Connect Jaipur to venture into lifestyle content for an undisclosed amount. Connect Jaipur, a digital media platform, provides PR and branding services to businesses, relevant in this tech […]
09/03/2017

Sistema Asia fund to invest up to INR 80 Crore in four Indian startups

Sistema Asia Fund (SAF) Advisory, the proprietary venture capital fund of Russian conglomerate Sistema JSFC, will shortly pump in nearly $12 million (INR 80 crore approx) to close a clutch of mid-stage financing deals in four Indian startups. SAF Advisory’s investment committee is “examining proposals from five to seven startups”, […]
09/03/2017

Kae Capital invests more in parenting startup Parentune

Gurgaon-based Proparent Solutions Pvt Ltd, which runs online community of parents Parentune, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based SEGNEL Ventures. The funding will be utilized to scale up the business, including launching the network in Hindi and other […]
08/03/2017

Online counselling startup Juno Clinic raises $1.2 Million Pre-Series A Funding

Mumbai-based Juno Clinic has raised about INR 8 Cr in Pre-Series A round of funding from Atul Nishar (founder of Hexaware Technologies & Aptech Computers) and other individual investors.Founded in January 2016 Juno Clinic is an online and offline startup focussed on mental health counselling and treatment.
08/03/2017

Anil Ambani’s Reliance Capital sells its stake in Paytm for $41 Million

Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for INR 275 crore ($41 million) to China’s Alibaba Group. The deal, which values Paytm’s marketplace business at $1 billion, will increase the stake of Alibaba and its affiliate Ant Financial (the parent company […]
08/03/2017

Pi Ventures hits first close of maiden fund; MakeMyTrip, Flipkart co-founders invest

Early-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, […]
08/03/2017

Logistics company Rivigo Services raises INR 100 crore in debt

Logistics company Rivigo Services has raised debt financing of INR 100 crore from a clutch of private sector banks to expand its fleet of trucks. Rivigo is also preparing to introduce new products, including a technology to automate its trucking operations.
08/03/2017

Impact investor Accion raises $141 Million fintech fund

Global impact investor Accion International has raised a $141 million fintech fund to invest in companies that offer access to financial services to underserved consumers and businesses in emerging markets, including Asia. Accion Frontier Inclusion Fund will be managed by Quona Capital, a venture capital firm that supports fintech firms […]
08/03/2017

Blockchain-enabled gifting platform Easter Egg raises $400K seed investment

Easter Egg, a blockchain-enabled gifting platform, has raised $400,000 in its initial round of funding from Singapore-based early stage investment firm Wealthy Ideas. The funding will be utilized to expand to other geographies.
08/03/2017

First Step raises funding from Indian Angel Network

First Step Digital Pvt Ltd, that sells intimate hygiene products for women, has raised Pre series A round of funding from Indian Angel Network. Sanjay Mehta, Ishan Singh and Vikas Kuthiala led this round of investment. The funding will be utilized for marketing, team expansion and introducing new products.
08/03/2017

Impact investor Ankur Capital to launch $50 Million fund next year

Ankur Capital – Mumbai-based impact investor focused on innovative businesses in agriculture, healthcare, education, skill development and rural access – is positioning for the next leg of growth. The firm has expanded its team and is looking to launch a new fund of up to $50 million early next year.
08/03/2017

Smartphone maker Smartron raises funding from GlobalFoundries CEO

Homegrown smartphone maker Smartron has secured undisclosed financing from Sanjay Jha, the chief executive of GlobalFoundries, one of the world’s largest contract manufacturers of semiconductors. Hyderabad-based Smartron has so far launched a smartphone and a convertible laptop.
08/03/2017

Data science startup PipeCandy raises INR 7.3 Crore in seed funding

PipeCandy, a startup that runs an eponymous intelligent sales prospecting platform, has raised seed funding from institutional investors IDG Ventures, Axilor Ventures, Emergent Ventures and Indian Angel Network and a clutch of angel investors. The funding will be utilized to build intelligent models for new verticals.
08/03/2017

Logistics startup BlowHorn raises INR 25 Crore from IDG Ventures, Others

IDG Ventures along with Michael & Susan Dell Foundation has invested Rs 25 crore in intra-city logistics startup Blowhorn in a series-A round. Existing investors in the startup Draper Associates and Unitus Seed Fund also participated in the round.The funding will be utilized to expand operations to eight cities in […]
08/03/2017

Daily consumable goods app Supr Daily gets $120,000 from Y Combinator

The accelerator has picked subscription app Supr Daily, which delivers daily consumable goods such as milk, bread and eggs to users. As part of the accelerator programme, Supr Daily has raised $120,000 from Y Combinator, and is also part of its three month mentorship programme in Silicon Valley, which ends […]
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