Archive News

10/11/2016

Job portal iimjobs.com raises $ 2 Million from India Quotient, others

Job portal iimjobs, run by Highorbit Careers Pvt Ltd, has raised $2 million (Rs 13 Crore) in its Series A round of funding led by early-stage investment firm India Quotient.  The funding will be utilized for product, engineering, and increasing sales reach and infrastructure.
10/11/2016

Property search aggregator Square Yards raises $12 Million from Reliance Group’s PE arm

Gurgaon-based property search aggregator Square Yards Consulting Pvt Ltd has raised  INR 80 Crore ($12 million) from the private equity arm of billionaire Anil Ambani’s Reliance Group.The funding will be utilized to enhance distribution network across India and overseas and expand operations to more than 25 countries.
09/11/2016

Go-Jek acquires app development startup LeftShift

Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyper-local shopping app Go-Jek, has acquired Pune-based app development startup LeftShift Technologies Pvt Ltd for an undisclosed amount.The acquisition is aimed at strengthening and upscaling Go-Jek’s product development, design and engineering platforms to support the unicorn’s burgeoning Indonesia operations.
09/11/2016

Test preparation platform OnlineTyari raises $ 3 Million from Michael & Susan Dell Foundation

Mobile-first test preparation platform, OnlineTyari (OT) has raised INR 20 crore, led by the Michael and Susan Dell Foundation (MSDF).  The funding will be utilized to expand vernacular offering, widen examination coverage and strengthen technology and analytics engine.
07/11/2016

Book Launch

Equity: In – A Hitchhiker’s Guide to Investing in Indian Equity Markets by Anshuman Khanna, Director ANG Group Written in a simple, conversational style the book takes a step by step approach to the investment methodology recommended by the author and also makes use of case studies of actual Indian […]
07/11/2016

Rivigo raises $75 million in Series C funding from Warburg Pincus

Private equity firm Warburg Pincus has invested $75 million (about Rs 500 crore) in surface transport logistics provider Rivigo Services for a minority stake. The funding will be utilized towards technology and hiring.
07/11/2016

Self-drive car rental firm JustRide raises INR 20 Crore in funding

Mumbai-based self-drive car rental firm JustRide has raised  INR 20 crore ($3 million) in a bridge round from global investors such as San Francisco-based Susa Ventures, Kima Ventures, Axan Ventures, London-based SCM Holdings and ITFarm from Japan. Other investors include Y Combinator partners Justin Kan (cofounderof Jutin.tv & Twitch.tv), QasarYounis […]
06/11/2016

Logistics firm Gati invests in e-com facilitator BrownTape Tech

Hyderabad-based logistics firm Gati Ltd has invested an undisclosed sum in BrownTape Technologies Pvt Ltd, a cloud-based software solutions company based out of Goa. BrownTape helps online merchants to manage their orders for multiple e-commerce marketplaces. The company has a technology platform that helps sellers manage orders and inventory in […]
06/11/2016

Medicine delivery platform Medzin raises angel investment

Delhi-based Medhealix Healthtech Pvt Ltd, which operates Medzin, has raised INR 30 lakhs ($45,000) in fresh funding from existing angel investor A M Sikander, owner of logistics firm Sitics Logistic Solutions. The funding will be utilized to develop product, accelerate growth and create marketing campaigns.
06/11/2016

Angel investors to invest INR 2 Crore in education start-up Stones2Milestones

A clutch of angel investors has committed to invest INR 2 crore in the education start-up Stones2Milestones (S2M) which is aimed at creating reading habit among school going children in the age group of 3-9 years.
06/11/2016

Online B2B marketplace Bizongo raises $3 Million from Accel, IDG Ventures

Bizongo, an online B2B marketplace, has raised $3 million from existing investor Accel Partners as well as IDG Ventures in a Series-A round. The funding will be utilized to expand seller base and build tech capabilities and products.
06/11/2016

INR 50 Crore OIL Start-Up fund for new ideas in oil & gas sector

Oil India Limited (OIL) has set up an OIL Start-Up fund of INR50 Crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The government-run company also plans to create a dedicated website for its Start-Up initiative, inviting applications with […]
04/11/2016

VR game studio Xanadu raises funding from RedCliffe Capital

Venture capital firm RedCliffe Capital has invested an undisclosed amount in a Seed round in Xanadu Heights (XH), a VR game studio based out of San Francisco. The funding will be utilized to build and launch the game’s first chapter later this year. The game is being developed ground up […]
04/11/2016

The Gourmet Jar raises funding from Chandigarh Angels Network

New Delhi-based Apeksha Gourmet Jar Pvt Ltd, which operates The Gourmet Jar, has raised an undisclosed amount in seed funding from Chandigarh Angels Network (CAN).The funding will be utilized to build team, scale operations and add global customers. It will also be used for marketing and brand building. Founded in […]
03/11/2016

Immunisation management platform vImmune picked for FbStart, raises angel funding

Bangalore and Dallas based AsepsisLife Inc’s immunisation management platform vImmune has been selected for Facebook’s FbStart programme, which is designed to help early-stage mobile startups build and grow their apps. The startup has also raised an undisclosed amount in angel investment from a radiologist certified by The American Board of […]
03/11/2016

Autombile startup BookMyTime acquihires Servicemykar.com

Car purchase and servicing platform BookMyTime has acqui-hired car management startup Servicemykar. BookMyTime is an end-to-end mobile-based platform connecting automobile owners with car dealers and service providers.
03/11/2016

Restaurant chain Sattviko raises funding

Healthy-dining restaurant chain Sattviko has raised an undisclosed amount of angel investment from a clutch of investors led by Raman Roy, founder of Quattro Global Services. The funding will be utilized for expansion of the company’s ethnic packaged food products business.
03/11/2016

E-commerce logistics firm Connect India raises funding

Connect India, which claims to be building a last-mile network of distribution points for e-commerce firms across the country, has raised fresh funding from one of its existing investors. Launched in 2014, the company is offering its logistics services to 13 states across the country.
03/11/2016

Human resources technology startup DoSelect raises funding from 3one4 Capital, Mumbai Angels

Human resources technology startup DoSelect has raised $490,000 in its seed round of funding from TV Mohandas Pai’s family fund 3one4 Capital and Mumbai Angels. Bangalore-based DoSelect, which is run by Axilly Labs Pvt. Ltd, is a collaborative platform that helps organisations hire technical talent. The platform provides tools such […]
03/11/2016

AI startup Corseco raises INR 1 Crore from Metropolis Healthcare’s Ameera Shah, iProspect CEO

New Delhi-based Corseco Technologies Pvt Ltd, the company which runs and operates Corseco, which provides AI-based Software as a Service (SaaS) solutions to other businesses has raised $150,000 (Rs 1 Crore) in funding from Ameera Shah, managing director and CEO, Metropolis Healthcare Limited, and Vivek Bhargava, CEO, iProspect India for […]
03/11/2016

Healthcare comparison platform LetsMD raises funding from CAN, LetsVenture, others

A clutch of investors including Calcutta Angels Network, LetsVenture, Anupam Mittal and Currae Healthtech Fund have picked up close to 25% stake in Delhi-based LetsMD for an undisclosed amount. Founded in December 2015, LetsMD addresses the discovery, transparency and affordability problem in healthcare through a marketplace-based approach.
03/11/2016

Online insurance player EasyPolicy raises INR 67 Crore from Screwvala, Burmans

Unilazer Ventures, the private investment firm set up by Ronnie Screwvala, and the Burman family office, created by the promoters of domestic FMCG giant Dabur, are infusing fresh capital in their portfolio company, online insurance player EasyPolicy. The funding will be utilized to establish and strengthen distribution system across the […]
03/11/2016

SaaS startup Zarget raises $ 6 Million from Sequoia,others

Zarget, a startup that provides various web optimization solutions as software as a service (SaaS) to enterprises, has raised $6 million (about INR 40 crore) in a round of funding led by venture capital firm Sequoia India. The funding will be utilized to scale marketing automation products and help small […]
02/11/2016

Property brokers network BroEx acquires realty tech startup REXPROP

BroEx, a mobile-based property brokers network, has acquired real estate technology startup REXPROP for an undisclosed amount to expand business and provide better products to its clients. Gurgaon-based REXPROP or ‘Real Estate Property Exchange’ is a startup which offers solutions such as inventory distribution, broker to broker listings and CRM […]
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