Archive News

25/05/2018

Omphalos backs ex-Flipkart execs’ reverse auction-based e-comm firm

Arzooo,com, a reverse auction-based e-commerce platform launched by two former Flipkart executives, has raised an undisclosed amount in seed funding from early-stage investment firm Omphalos Ventures India.
25/05/2018

Clean-tech firm Bonphul Air Products raises angel funding

Bonphul Air Products Pvt Ltd, which makes an oxygen optimiser called OxyMax, has received INR 2 crore (around USD 293,000) in angel funding.
24/05/2018

IAN’s first fund raises USD 33 million for its VC fund

The Indian Angel Network (IAN) has raised more than INR 227 crore from India Infoline, Yes Bank, Max Group, Grey Matters Capital , Hyundai, retail investors Kris Gopalakrishnan and Kanwal Rekhi participated in the fundraise.
24/05/2018

Luxury holiday home developer Isprava gets INR 21 crore in second round

Luxury holiday home developer Isprava has raised INR 21 crore (over USD 3 million), in its second institutional round of funding led by the Godrej family office, Anand Piramal, son of billionaire businessman Ajay Piramal, and the Taparia family office.
24/05/2018

IIM-Ahmedabad’s investment arm backs vernacular chatbot startup

DheeYantra Research Labs, the creator of vernacular chatbot platform dhee,ai, has raised an undisclosed amount in seed funding from Centre for Innovation Incubation and Entrepreneurship (CIIE), the incubator-cum-investment arm of Indian Institute of Management-Ahmedabad.
24/05/2018

TV hosts Roshan Abbas, Gaurav Kapur back influencer marketing firm

Influencer marketing firm Chtrbox has raised angel funding of INR 1 crore (around USD 147,000) from television personalities Roshan Abbas and Gaurav Kapur.
24/05/2018

School supplies startup Edyoo gets pre-Series A funding

Edyoo, an e-commerce platform which sells products primarily used by schoolgoing children, has raised USD 1 million in pre-Series A funding from RS Shanbag, chairman and managing director of the diversified Valuepoint Group.
23/05/2018

Aashiyaan gets funding from Oikocredit, Insitor

Dutch social investor Oikocredit and Asia-focused venture capital firm Insitor have provided undisclosed amount of seed capital to Aashiyaan Housing & Development Finance.
23/05/2018

Paytm acquires Orbgen Tech

Digital payments and e-commerce company Paytm is acquiring Orbgen Technologies, the operator of Chennai-based online ticketing platform TicketNew.
23/05/2018

FastFox acquires Roofpik

Gurgaon-based home rental startup FastFox has acquired Roofpik, a reviews and ratings platform for real estate industry.
23/05/2018

Boeing-backed startup lands JetSuite for electric plane’s debut

Boeing Co- backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc, setting the stage for a new era in regional flying.
23/05/2018

Edtech toys design startup Smartivity Labs gets USD 2 million

New-Delhi based Smartivity Labs, an edtech toys design startup, has raised USD 2 million from Ashish Kacholia, a well-known stock market investor, along with participation from existing investor S Chand Group.
23/05/2018

CureFit to buy Indian arm of Oaktree-controlled gym chain Fitness First

Health and fitness startup Cure Fit Healthcare Pvt Ltd will merge its fitness brand Cult fit with premium chain Fitness First India.
23/05/2018

Norwest’s Mohan Kumar, Jio exec back P2P lending startup

Cashkumar, a peer-to-peer (P2P) lending startup, has raised angel investment of INR 5 crore led by Mohan Kumar, executive director at global investment firm Norwest Venture Partners, and telecom company Reliance Jio’s chief digital officer Vishal Sampat.
23/05/2018

3one4 Capital backs background verification startup Betterplace

Betterplace Safety Solutions Pvt Ltd, a platform that manages the semi-formal workforce, has raised USD 3 million in a Series A round of funding from a new investor 3one4 Capital.
23/05/2018

Mexican investors back microlending startup Vola

Bengaluru and US-based Vola, which offers an alternative lending platform for students, has raised USD 500,000 in a pre-Series A funding round from Mexican insurance and credit firm Credika and unnamed angel investors from the North American nation.
22/05/2018

Fintech startup EarlySalary buys CashCare to grow

Pune-based fintech startup EarlySalary has acquired Mumbai-based checkout financing startup CashCare for an undisclosed amount.
22/05/2018

News aggregator NewsDog raises USD 50million from Tencent

Mobile-based news aggregator application NewsDog, which collates articles in English and various regional Indian languages including Tamil, Telugu and Marathi, has raised USD 50 million in a series-C funding round led by Chinese conglomerate Tencent, along with other investors including California-based venture capital firm DHVC, Legend Capital and Dotc United […]
22/05/2018

Blume Ventures backs video creation platform Rocketium

Video creation platform Rocketium Technologies Pvt Ltd  has raised INR 2 crore (around USD 300,000) in a seed round of funding from early-stage venture capital firm Blume Ventures and a clutch of angel investors.
22/05/2018

Apollo Hospitals, Venture Catalysts back crowdfunding platform ImpactGuru

Social-impact crowdfunding platform ImpactGuru, incubated at Harvard in 2014 has raised USD 2 million (INR 13 crore) in a Series A round from Apollo Hospitals Group, Venture Catalysts,RB Investments,Indian diaspora and Currae Healthtech Fund.
22/05/2018

SIDBI’s VC arm, others back retail tech startup Mobisy

Mobisy Technologies Pvt Ltd, which operates supply chain automation platform Bizom and mobile marketplace app Distiman, has raised  around INR 24 crore from SIDBI Venture Capital Ltd (SVCL),Triton Investment Advisors and existing investor Ojas Partners.
22/05/2018

Kalaari leads Series A round in micro-delivery grocery startup Milkbasket

Gurgaon-based Aaidea Solutions Pvt Ltd, which runs micro-delivery grocery startup Milkbasket, has raised USD 7 million (INR 47 crore) in a Series A funding round led by early-stage investment firm Kalaari Capital,Singapore’s BeeNext, existing investors Unilever Ventures and Blume Ventures.
21/05/2018

Temasek unit Camas to invest USD147 million in AU Small Finance Bank

Jaipur-based AU Small Finance Bank Ltd is raising INR 1,000 crore (USD 147 million) from Camas Investments Pte Ltd
21/05/2018

Raw Pressery raises INR 65 crore from Sequoia and Saama

Organic cold-pressed juice and beverage maker Raw Pressery has finalised an investment of INR 65 crore (about USD 10 million) from existing investors Sequoia Capital, Saama Capital and DSG Consumer Partners.
Top