Archive News

14/12/2016

Real-time cardiac monitoring company ten3T raises INR 1.65 Crore from pi Ventures,others

Real-time cardiac monitoring company ten3T has raised funding from angel funds including pi Ventures to beta test its first device. Ten3T, founded by a team of physicians and biomedical engineers, builds wearable medical devices that collect and integrate medical data in real time.
14/12/2016

FITPASS raises $1 million in seed funding

All-access pass to gyms and fitness studios FITPASS has raised $1 million in a seed round from Mumbai Angels and a consortium of Delhi and Bangalore-based angel investors. The funding will be utilized to expand the assistance-oriented service segment that requires customisation and enhancement for each individual user.
14/12/2016

Pune startup Serv’d gets $1 lakh grant from Bill and Melinda Gates Foundation

Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganized sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. Serv’d is a peer-to-peer platform, a house management system, that allows users to manage […]
14/12/2016

Online freight service marketplace Comet raises funding from India Quotient,others

Mumbai-based Hyperflux Solutions Pvt Ltd, which operates Comet, an online marketplace for international freight services, has raised an undisclosed amount in a pre-Series A funding round led by early stage investment firm India Quotient.The funding will be utilized to build the team, technology and enhance market penetration.
13/12/2016

HR analytics startup inFeedo raises $200K in angel round

HR analytics startup inFeedo has raised funding of $200K from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal. The funding will be utilized to meet the growing demand and scale across India with plans to hit the international market in 2017.
13/12/2016

Online B2B commerce company OfBusiness raises INR 75 Crore

Online business-to business commerce company OfBusiness has raised INR 75 crore in a round led by Zodius Technology Opportunities Fund with participation of existing backer Matrix Partners India. OfBusiness started operations in January and has expanded its operations to five states or 10 clusters, focusing on the manufacturing and construction […]
13/12/2016

Fintech startup Indifi Technologies raises $10 Million in funding round led by Omidyar Network

Data-driven, fintech startup Indifi Technologies has raised $10 million in a fresh round of funding, which was led by Omidyar Network. Indifi, which was launched last year focuses on the vastly underserved micro, small and medium enterprises segment.
13/12/2016

Huzaifa Khorakiwala to launch an angel fund to support healthcare companies

Huzaifa Khorakiwala, executive director at Wockhardt and part of the promoter family of the group, will launch a healthcare-focused angel fund ‘Health Passion Fund’ with a corpus of INR 125 crore, to support startups in the field of healthcare.
13/12/2016

Cold-pressed juice startup Juice Up raises pre-Series A funding

Fresh Food Concepts Pvt Ltd, which sells cold-pressed juices under the Juice Up brand, has raised $2 million in a Pre-Series A round of funding led by angel investors Siddhartha Gupta and Ashvin Chadha. The funding will be utilized to upgrade production facility and enhance sales and distribution network.
12/12/2016

Hindustan Foods raises funding from VC firm Sixth Sense

Consumer-focused venture capital firm Sixth Sense Ventures has picked up around 16% stake in Hindustan Foods Ltd (HFL), a public-listed company for INR 8 crore. HFL which is owned by Vanity Case Group and Dempo group of Goa, makes PepsiCo Inc’s Kurkure snack brand. The company also manufactures foods for […]
12/12/2016

P2P lending platform Rupaiya Exchange raises $200K funding

Delhi-based fintech startup that facilitates peer-to-peer lending, Rupaiya Exchange, has raised $200K in its angel round of funding from HNIs and a group of professionals. The funding will be utilized to enhance technology and strengthen the team.
12/12/2016

SaaS Platform UrbanPiper raises funding from Axilor, angel investors

UrbanPiper has raised an undisclosed amount in funding from Axilor and a group of angels. The company, which runs a platform that enables hyperlocal businesses to go online will utilize the funds to enhance technology offering and scale up client base.
12/12/2016

Delivery Hero Holding GmbH acquires Foodpanda

Berlin-based online food takeaway service Delivery Hero Holding GmbH has acquired online marketplace for food delivery Foodpanda for an undisclosed amount. In exchange for all its shares in Foodpanda, Rocket Internet SE received newly issued shares in Delivery Hero increasing its stake in Delivery Hero to 37.7 per cent on […]
12/12/2016

Max Ventures acquires 1.99% stake in Nykaa

Max Ventures and Industries Ltd, part of industrialist Analjit Singh’s Max Group, has acquired a stake in online beauty essentials retailer Nykaa. The online marketplace sells products across categories ranging from skincare, hair care, fragrances, bath and body, and luxury products for both women and men.
12/12/2016

Kalaari leads Series A round in fashion e-commerce firm StalkBuyLove

Fashion e-tailer StalkBuyLove has raised around INR 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded. The startup sells women’s clothing and accessories. The company, which sells private labels only, […]
12/12/2016

Content delivery platform WittyParrot raises funding from Mumbai Angels, others

WittyParrot, a cloud-based content delivery platform has raised INR 3 crore ($450,000) in seed investment from Mumbai Angels and a few Silicon Valley-based angel investors. The funding will be utilized to expand sales team and grow footprint in the US and India.
09/12/2016

Hexagon Nutrition raises Series A funding from Somerset Indus Capital

Mumbai-based pharmaceutical company Hexagon Nutrition Pvt Ltd has raised an undisclosed amount in Series A growth capital round from Somerset Indus Capital Partners. The funding will be utilized to grow its branded consumer business segment globally.
09/12/2016

Paytm founder Vijay Shekhar Sharma raises INR 325 Crore by selling 1% stake

Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about INR 325 crore. This money will be pumped into the group’s proposed payments bank.
09/12/2016

Spacetech startup Astrome raises funding from former Nokia executive

Space technology company Astrome Technologies Pvt Ltd, is in talks to raise a pre-Series A round of funding from a clutch of investors in the next couple of weeks. Angel investor Ajith Sukumaran, who is leading the investment, has already committed a portion of the funds in this round.
09/12/2016

Automobile servicing platform GoMechanic raises funding from Venture Catalysts

Automobile servicing platform GoMechanic, run by Targetone Innovations Pvt Ltd, has raised $250,000 in funding from seed investment and innovation platform Venture Catalysts. The funding will be utilized to build the tech infrastructure and expand the team.
08/12/2016

Healthtech startup NeuroEquilibrium Diagnostics raises funding from Unicorn India Ventures

Jaipur-based healthtech startup NeuroEquilibrium Diagnostics Systems Pvt Ltd, a super-speciality healthcare chain of vertigo and balance disorders clinics, has raised $250K in Pre-Series A round of funding. The investment is led by Unicorn India Ventures, a Mumbai-based VC with INR 100 Cr fund corpus.
07/12/2016

Shared mobility solutions provider Revv raises $9 Million from Edelweiss PE, others

Delhi-based self-drive car services company Revv has raised $9 million in its series A round of funding led by Edelweiss Private Equity. The round was divided across equity and debt, where it received debt financing from Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India.The funding will be […]
07/12/2016

ZestMoney raises Series A funding from Naspers-owned PayU

Chalk Farm Ventures Pvt Ltd, which runs consumer lending startup ZestMoney, has raised INR 44 crore in a Series A round of funding led by Naspers-owned online payments firm PayU. The startup provides online shoppers the facility to open accounts instantly with banks providing loans.
07/12/2016

Automobile IoT firm Vehico raises funding from Calcutta Angel Network and Appliyifi

Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has raised an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.The fresh capital raised will be utilized to strengthen its product, scale up the technology infrastructure and to […]
Top