Archive News

04/10/2016

Food delivery platform InnerChef raises $2.5 Million funding

Gurugram-based food delivery platform InnerChef has raised a fresh funding round led by Japanese early-stage fund Mistletoe, its maiden investment in India. Singapore-based M&S Partners also participated in the round along with InnerChef ‘s existing investors. The funding will be utilized to build a brand and add more kitchens across […]
04/10/2016

Indian Gifts Portal secures $2 Million from Karamchand group

Indian Gifts Portal (IGP) has raised $2 million in the latest round of funding from the family office of Naveen Arya, one of the three promoters of Karamchand Appliances, and Tarun Joshi, the India director of UK-based private equity firm 3i. The funds will be utilized to develop machine learning […]
04/10/2016

Biocon founder Kiran Mazumdar-Shaw backs cancer startups

Kiran Mazumdar-Shaw has invested around INR 11 crore in Philadelphia and Mumbai-based UE Lifesciences, the developer of an affordable breast cancer screening device.
04/10/2016

World Art Community raises $200k from existing investors

Gurgaon-based Inventive Business Promotions Pvt Ltd which owns and operates online platform World Art Community, has raised a second round of funding of $ 200K from existing investors and more. The funding will be utilized to automate its online platform and expand to new cities across India as well as […]
04/10/2016

Hyderabad-based Nettlinx raises $3 Million from strategic investors

Internet service provider company Nettlinx has reportedly secured $3 Million (INR 20 Cr) in funding from Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC. Following the transaction, the two investing entities have acquired share warrants in the company on a preferential basis and will now work in conjunction with the Hyderabad-based Nettlinx.
04/10/2016

Ratan Tata invests in virtual fitness coaching platform GOQii

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in virtual fitness coaching platform GOQii, US-headquartered with offices in Mumbai and China. Founded in 2013 GOQii provides wearable agnostic app, guidance from global experts, coaching counsel and the ability to support a cause that matter.
04/10/2016

Shopping and savings discover app Scandid raises pre-Series A funding from 3One4 Capital, others

Pune-based shopping and savings discovery app Scandid has secured an undisclosed amount in a Pre-Series A funding round led by Mohandas Pai’s fund, 3One4 Capital. The funding will be utilized to accelerate user acquisition, engagement and monetisation in the next 6-9 months. Also, a part of the money will be […]
04/10/2016

Mobile protection startup AppsDaily raises $3.75m from founders,others

Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt Ltd has raised  INR 25 crore  from founders and existing investors. The funding will be utilized to finance growth plans.
04/10/2016

Payments startup Remitr raises $ 1 Million funding

Cross-border payments platform Remitr has raised $1 Million as Seed funding from Paytm’s Vijay Shekhar Sharma. Other investors too participated in this round. The funding will be utilized for for product development and expansion into other countries.
04/10/2016

Mahindra Holidays picks 12% stake in online gifting platform Giftxoxo

Mahindra Holidays & Resorts India Ltd, which runs time share holiday resorts under the Club Mahindra banner, has invested INR 3 crore ($450,000) to picked a 12% stake in Bengaluru-based Nreach Online Services Pvt Ltd, which operates online gifting portal Giftxoxo. The investment will allow Giftxoxo to curate activities and […]
04/10/2016

B2B marketplace Bharat Bazaar raises funding from BeeNext, Mohandas Pai, others

Mumbai-based White Shadow Technology Pvt Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. Founded in July 2015, Bharat Bazaar is a mobile app connecting buyers and sellers in the wholesale fruits and vegetables supply chain.
04/10/2016

Capillary Technologies acquires Sellerworx

Capillary Technologies which develops omni-channel CRM platform for retail brands has acquired ecommerce services and technology company Sellerworx for an undisclosed amount.
04/10/2016

Speech recognition startup Uniphore raises $ 2 Million funding from IDG Ventures, others

Chennai-based speech recognition startup Uniphore Software Systems has raised $2 million in a bridge round led by IDG Ventures with participation of existing investors, including Indian Angel Network (IAN) and YourNest Angel Fund. The company has worked with over 70 enterprise customers and served over 4 million users. It has […]
03/10/2016

American Express Ventures leads Series C funding for Helpchat

Coraza Technologies Pvt Ltd, which runs Helpchat and OneDirect, has secured a Series C round of funding led by American Express Ventures, the venture investment arm of American Express Co, and existing investor Sequoia Capital. Founded in 2010 Helpchat in its new avatar is an artificial intelligence based platform, while […]
03/10/2016

Oil India announces INR 50-cr startup fund

State-run Oil India Ltd has announced an INR 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. OIL Start-up fund shall focus on promoting entrepreneurship amongst youth, especially of the North East India, by enabling the growth of startups for addressing […]
03/10/2016

Microbrewery Gateway looks to raise $3 Million

Gateway Brewing Co, Mumbai’s first microbrewery, is in advanced talks with investors to raise around $3 million in its Series A round. The funding will be utilized to start bottling operations for distribution of their beer across the country.
03/10/2016

DSGCP plans second close of $40m Fund II soon, to invest in two new consumer deals

DSG Consumer Partners, which is among the rare non-tech early stage investment firms, and focuses on consumer business, is looking to make the second close of its $40 million fund, in the next two months. It is also in  an advanced talks to seal two new deals in India.
03/10/2016

Japanese firm invests INR 33 crore in Mystifly

One of the funds owned by Japanese private equity firm Recruit Holdings has invested $5 million (Rs 33 crore) in Mystifly, valuing the four-year-old airline ticket aggregator at INR 250 crore. My FareBox, the business-to-business global airfare market place owned by Mystifly, will use the money to invest in technology, […]
30/09/2016

Mahindra Agri Solutions invests in e-commerce platform MeraKisan

Mahindra Univeg has invested in Mera Kisan, an e-commerce startup, which sources fresh vegetables and fruits directly from farmers and sells it to the customer. Mahindra Univeg is a 60:40 joint venture between Mahindra Group’s Mahindra Agri Solutions and Belgium-based Univeg (Greenyard Foods).
30/09/2016

Cybage co-founder Deepak Nathani invests in vehicle maintenance startup Demyto

Cybage cofounder Deepak Nathani has invested an undisclosed amount in vehicle maintenance startup Demyto for a 20% stake in the company. Demyto, or deal with my auto, was set up in 2015 in Pune and offers car servicing, as well as allied products like tyres and spares along with insurance […]
30/09/2016

Bengaluru-based Bitcoin startup Unocoin raises INR 10 crore

Bengaluru-based Bitcoin startup, Unocoin has raised approx INR 10 Crore in a funding round from Blume Ventures, Mumbai Angels and ah! Ventures along with international investors such as Digital Currency Group, Boost VC, Bnk to the Future and FundersClub. The funding will be utilized for product development, team expansion and geographical […]
30/09/2016

IvyCamp partners with Zhucloud; aims to bring Chinese investment options to Indian startups

IvyCamp and Zhucloud have entered into a partnership to provide Chinese investors access to Indian startups.IvyCamp is a unified technology-based platform for innovation and entrepreneurship, is an initiative of IvyCap Ventures. Zhucloud is an initiative of Incapital.
30/09/2016

Social networking platform writers Kalaage raises funding from Rajasthan Angel Innovators Network

Social networking platform for writers Kalaage has received funding from Rajasthan Angel Innovators Network. The funding will be utilized to enhance its technology and collaborations with publications and writing communities. It will also be used to expand its marketing and operations in the South Asian market and enter the North […]
29/09/2016

Zee forays into radio, acquires UAE-based FM station ‘Hum 106.2’

Zee Entertainment Enterprises Ltd (ZEEL), which operates entertainment channels like Zee TV and Zee Cinema forays into radio broadcasting space with the acquisition of UAE-based radio station. ZEEL already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.
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