Archive News

01/06/2018

Sequoia backs USD 30 million round in FreeCharge co-founder Kunal Shah’s new venture

Payments company FreeCharge co-founder Kunal Shah has raised USD 30 million for his upcoming venture from a clutch of investors led by venture capital investor Sequoia Capital.
01/06/2018

Goldman Sachs backs USD 31 million Series A round in India’s Cytecare Hospitals

Bangalore-based Cytecare Hospitals Pvt Ltd, a cancer care provider,raised USD 31 million in Series A round, which saw participation from global investment bank Goldman Sachs.
01/06/2018

Accion Venture Lab, YourNest invest in SME lender CredRight

Hyderabad-based fintech startup CredRight has raised  INR 9 crore in a pre-Series A round of funding from seed-stage impact investment firm Accion Venture Lab, early-stage investor YourNest Venture Capital.
31/05/2018

Gates Foundation, IndusAge led USD 14 million funding iIn IoT focused dairy-tech startup Stellapps

Backed by industry marquees including Omnivore Capital, Flipkart executive chairman Binny Bansal, Bengaluru-based dairy-tech startup Stellapps has now added Bill and Melinda Gates Foundation and IndusAge Partners to its list of investors, raising USD 14 million in a recent funding round
31/05/2018

IFC proposes USD 40 million investment in packaging products firm Time Technoplast

International Finance Corporation, a member of the World Bank Group, has proposed to invest about USD 40 million million in Time Technoplast Limited (TTL), an Indian manufacturer of polymer-based industrial packaging products
31/05/2018

Treebo Hotels acquires Bengaluru-based travel startup Events High

Budget hotel chain Treebo Hotels, operated by Ruptub Solutions Pvt Ltd, has acquired Bengaluru-based travel start-up Events High, which operates an online discovery platform for local events and activities.
30/05/2018

Hero Electronix acquire IoT startup Zenatix

Hero Electronix, part of the Hero Group, has acquired Gurgaon-based Zenatix, an enterprise-focused Internet-of-things company, for an undisclosed amount.
30/05/2018

Payments startup ToneTag raises up to USD 10 million from  Amazon

Naffa Innovations Pvt Ltd, which operates digital payments start-up ToneTag, has raised USD 8-10 million from a clutch of marquee, strategic investors led by Amazon Inc and Mastercard.
30/05/2018

Vokal acquihires quizzing app company StupidChat

Vokal, which runs a knowledge-sharing platform, has acquihired quizzing app firm StupidChat Technologies in an all-stock deal.
30/05/2018

Powerhouse Ventures leads Series A round in fin-tech startup OroWealth

Mumbai-based wealth management startup OroWealth has raised INR 11 crore in a Series A funding round led by US-based venture capital firm Powerhouse Ventures.
30/05/2018

Kalaari, Omidyar invest in digital insurance platform Toffee

Digital insurance platform Toffee has raised  around INR 10 crore in seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab.
30/05/2018

Social-impact investor Menterra leads investment in startup FarmFolks Agro

Social-impact investor Menterra Venture Advisors has led a funding round in FarmFolks Agro Pvt Ltd, which advises farmers and sells their fruit and vegetables to retail chains.
30/05/2018

Hyderabad energy company backs forex services startup Myforexeye

Delhi-based Myforexeye Fintech Pvt Ltd, which provides foreign exchange services, has raised a bridge round of USD 500,000 from energy firm InRhythm Energy Ltd.
30/05/2018

BCCL backs natural products marketplace Qtrove via ad-for-equity deal

Bennett, Coleman & Co Ltd (BCCL), a media conglomerate better known as the publisher of English daily The Times of India, will invest USD 52 million (INR 350 crore) over five years in Qtrove, a marketplace for natural eco-friendly handmade product.
29/05/2018

NRI Startup India to float early-stage investment fund

NRI Startup India, a scaling platform that connects non-resident Indians and domestic startups, is set to launch a fund to invest in early-stage ventures.
29/05/2018

Realty group backs SaaS startup Blueleaf Cyberspace

Blueleaf Cyberspace Systems Pvt Ltd, a cloud based software-as-a-service (SaaS) platform that offers attendance and productivity management tools, has received an undisclosed amount of seed funding from Bengaluru-based real estate firm Ferns Estate and Developers.
29/05/2018

MobileWalla raises USD 12.5 million series B funding

MobileWalla, the US-based next-generation consumer data company, has raised USD 12,500,000 in a Series B funding round from New York-based GCP Capital, Madrona Venture Group, and a new investor, ATW Partners.
29/05/2018

iNurture acquires edtech startup KRACKiN for undisclosed amount

Ventureast-backed edtech startup iNurture, which provides industry-related skill courses, has acquired similar skill-based edtech platform — KRACKiN — for an undisclosed amount.
29/05/2018

YCook gets USD 5 million from Binny Bansal-backed O21 Cap

YCook, an organic, ready-to-cook processed foods startup, has raised USD 5 million in a Series-B round from venture capital firm 021 Capital, Netherlands-based impact fund Oikocredit and existing backer Omnivore.
29/05/2018

Angels invest in home healthcare aggregator HealWell24

HWell24 Plus Healthcare Pvt Ltd, which operates home healthcare aggregator under the brand HealWell24,has raised USD 200,000 in its pre-Series A round of funding from Prashant Mehta, Mitali Pawar, Nikhil G and Bhavesh P, members of Indian Cooperative Oncology Network (ICON); and angel investor R Ranganathan are the new investors.
28/05/2018

Amazon leads USD 12 million funding round in Acko; ChrysCap founder Ashish Dhawan also comes on board

Ecommerce giant Amazon has led a USD 12 million funding round in Acko Technologies, which owns online general insurance provider Acko General Insurance, with Ashish Dhawan, founder of private equity firm ChrysCap.
28/05/2018

Indonesian VC firm backs location intelligence platform LifeSight

Singapore-based LifeSight, an artificial intelligence-powered location intelligence platform, has raised USD 2 million in a pre-Series A round led by the shareholders of Indonesia-based investment firm Provident Capital Partners.
25/05/2018

RIL arm invests USD 1.5 million in digital healthcare startup KareXpert

Reliance Industries Ltd has, through its investment arm Reliance Industrial Investments and Holdings Ltd, invested INR 10 crore in Gurgaon-based digital healthcare technology platform KareXpert Technologies Pvt Ltd.
25/05/2018

Actor Hrithik Roshan put INR 6 crore in healthcare startup Curefit

Bengaluru-based fitness startup Cure,Fit has raised  INR 6 Cr from Bollywood actor Hrithik Roshan.
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