Archive News

25/10/2016

Fintech-focused European VC Orange Growth Partners sets foot in India

Amsterdam-headquartered fintech investment firm Orange Growth Capital which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. The ticket size of Orange Growth Capital’s investments in India would be in the range of $1-5 million.The VC firm would focus on segments such […]
25/10/2016

On-demand logistics platform Pickrr raises pre-Series A funding from Swastika

New Delhi-based Pickrr Technologies Pvt Ltd, which runs on-demand logistics platform Pickrr, has raised an undisclosed amount in pre-Series A funding from Hong Kong-based investment firm Swastika Company Ltd with participation from other HNI investors. The funding will be utilized to fine-tune the back-end technology.
25/10/2016

Kogta Financial raises Series A from IIFL Seed Ventures Fund

Rajasthan-based non-banking financial company Kogta Financial India Ltd (KFL) has raised funding from IIFL Seed Ventures Fund I. The funding will be utilized to accelerate growth and increase market presence in the lending space. Incorporated in 1996, KFL mainly operates in the states of Rajasthan, Gujarat and Maharashtra. It is […]
24/10/2016

JLL India’s new vertical to invest in real estate startups

Property consultancy JLL India has launched an independent vertical to make strategic investments in startups that are developing disruptive technology solutions for the real estate sector. The purpose of this vertical is to invest in early-stage companies, or startups, which can potentially disrupt the real estate business with brand-new thinking, […]
24/10/2016

SoftBank to invest up to Rs 2,000 crore in Ola

Japanese telecom and internet major SoftBank Corp will invest $250-300 million (INR 1,700-2,000 crore) in Ola as it leads a new round of funding in India’s largest ride-hailing app.
24/10/2016

Health-test platform Healthians raises INR 20 Crore

Expedient Healthcare, which owns and operates home service health-test platform Healthians, has raised about INR 20 crore in a new round of funding led by Japanese early-stage investor Beenext. The company, which operates in the national capital region, will use the funds to expand operations to Mumbai, Bengaluru and Hyderabad.
24/10/2016

Online wealth advisory platform Bharosa Club raises funding

Delhi-based online advisory platform, Bharosa Club has secured an undisclosed amount in a bridge financing round from the company’s management and investors. The funding will be utilized to scale up product offering and network, and to boost the aim to reach the 1 million customer milestone.
24/10/2016

B2B Marketplace for F&B products WOTU raises funding from Kae Capital

Mumbai-based venture capital firm Kae Capital has invested an undisclosed amount in B2B marketplace We Organise The Unorganised (WOTU).Founded in 2015, WOTU is a platform that directly connects farmers, processors and manufacturers with last-mile F&B outlets starting from standalone restaurants and pubs to large scale hotels and food chains.
24/10/2016

Food tech startup Yumist plans to raise $2 million from VCs

Delhi-based Yumist, a food tech start-up that operates in the daily meals segment, is in talks with venture capital investors to raise around $2 million to scale up operations. Founded in November 2014 Yumist serves home-style meals, which it prepares in its own kitchens. The start-up recently opened a 12,000 […]
24/10/2016

Food-tech start-up Box8 raises INR 50 crore

Food technology start-up Box8 (Poncho Hospitality Pvt Ltd) has raised INR 50 crore in a Series B funding round led by IIFL Seed Ventures Fund, a unit of IIFL Holdings Ltd, and existing investor Mayfield Fund. The funding will be utilized to expand in cities where it is present and […]
23/10/2016

Former HCL head Anant Gupta announces INR 100 crore fund for disruptive technology ventures

Former CEO of HCL Technologies Anant Gupta has launched a first of its kind firm specifically aimed at filling the innovation gap in emerging companies in India. TECHCELX is a first of its kind integrated business incubation and investment firm focused on developing digital technology products and platforms in enterprises […]
23/10/2016

Enterprise communication tool ChatOnGo raises funding from angel investor

ChatOnGo, an enterprise communication tool, has raised $300,000 (INR 2 crore) from high net worth individual and IT professional Janak Jain. The funding will be utilized to expand the team and boost product developments and sales and marketing initiatives. It will also be used enter global markets.
21/10/2016

SaaS based edtech startup Epaathsala raises funding from Hyderabad Angels

Bengaluru-based edtech startup Epaathsala has raised an undisclosed amount in its Pre Series A round led by Hyderabad Angels. Times Internet’s startup accelerator TLabs also participated in the round. The funding will be utilized for global expansion and partnerships with educational institutions.
21/10/2016

Sidbi issues INR 10 Crore each to Ankur Cap, Omnivore Partners

The Small Industries Development Bank of India (Sidbi) issued INR 10 Crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of INR 60 Crore.
21/10/2016

Ubiquity acquires 51% stake in cloud telephony startup Solutions Infini

Ubiquity, an Italy-based messaging platform provider has acquired a 51% stake in Bengaluru-based cloud telephony and enterprise communication startup Solutions Infini for an undisclosed sum. This partnership will help Ubiquity build a global mobile communications services company and target customers in emerging markets and increase their presence beyond Europe.
21/10/2016

IT veteran and former CEO Zensar Technologies Ganesh Natarajan makes investment in Skills Alpha

Ganesh Natarajan, IT veteran and former CEO Zensar Technologies, is all set to announce his second investment in a startup called Skills Alpha, a digital learning platform. Skills Alpha, which has been incubated at 5FWorld–a meta-startup platform founded by Natarajan that invests in digitally enabled communities, skills focused startups and […]
20/10/2016

YAPP Digital buys influence marketing firm Soinsi

Content marketing startup YAAP Digital Pvt Ltd has acquired Soinsi, run by FFC Information Solution Pvt Ltd, an influence marketing and celebrity engagement firm, to give a boost to its content discovery. After this acquisition, YAAP Digital will be launching its proprietary influence marketing platform.
20/10/2016

eGrocer Satvacart raises third round of funding

eGrocery retailer Satvacart has closed its third round of funding with angel entrepreneur and investor Nimit Panigrahi joining the current round. The firm achieved operating level breakeven in March 2016, within a year-and-a-half of its launch. It sells 4,000 products through an inventory led model with subscriptions, B2C On Demand […]
20/10/2016

Beverage discovery and gifting platform Hipcask raises funding from Mobikon

Restaurant marketing and customer engagement platform Mobikon Asia Pte Ltd has led an undisclosed amount of seed funding in Hipcask, a beverage discovery and gifting platform. With this move, Mobikon becomes a significant stakeholder in the startup and will leverage this partnership in order to unlock the latent potential in […]
19/10/2016

Freshdesk acquires artificial intelligence-based chat platform Chatimity

Freshdesk, a cloud-based customer service software provider, has acquired Chatimity, a social chat platform based on artificial intelligence used for integrating chat within mobile apps.
19/10/2016

Lightbox, Axis Capital lead Series B funding round in online furniture rental startup Furlenco

Bangalore-based online furniture rental startup Furlenco has raised $15 million (INR 100 crore) in its Series B round of funding led by existing investor Lightbox Ventures along with Axis Capital Partners, a Hong Kong-based venture capital fund. A few high-net-worth individuals too participated in the funding round. The funding will […]
19/10/2016

Saama Capital invests $1.1 Million in fintech startup Fisdom

Bengaluru-based Finwizard Technology Pvt Ltd, which runs wealth management app Fisdom, has raised funding from Saama Capital.  The funding will be utilized for technology, to expand team and to acquire customers.
19/10/2016

Aerospace and defence tech startup Aadyah raises pre-Series A investment

Aerospace and defence technology startup Aadyah Aerospace Pvt Ltd has received pre-series investment of INR 13 crore ($2 million) within seven months since its launch in April. The company would begin with developing three components – electro mechanical actuators, control actuation systems and electro optics systems – for missiles and […]
19/10/2016

RailYatri raises funding from Nandan Nilekani, Helion, others

Noida-based Stelling Technologies Pvt Ltd, the company which runs RailYatri, a platform which gives railways-related information, has raised a fresh round of funding from all its existing investors—Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. RailYatri is looking at aggressively pushing towards growth and new services.
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