Archive News

30/11/2016

Dairy startup Osam raises Series B round from Lok Capital, Aavishkaar

HR Food Processing Pvt Ltd, which manufactures and markets dairy products under the brandname Osam, has raised INR 45 crore in its Series B round of funding. The funding will be utilized to expand production capacity and enhance distribution outreach into neighbouring districts in Jharkhand and Bihar.
30/11/2016

Omni-channel shopping firm ShopsUp raises seed funding

Bengaluru-based HyperKonnect Technolgies Pvt Ltd, which owns shopping app ShopsUp, has raised seed funding of $1 million from two individual investors. The investors who participated in this round of funding include Yang Shu, former president and Southeast Asia CEO of Huawei Technologies Co. Ltd and VRL Logistics Ltd’s managing director […]
30/11/2016

Social impact fund Menterra backs ed-tech firm Math Buddy

Math Buddy, a Vadodara-based online math learning startup, has raised an undisclosed amount of seed investment from Menterra Social Impact Fund. The funding will be utlized to expand to low-income schools in India and strengthen teacher engagement and training.
30/11/2016

Fintech startup Affordplan raises $3 Million from Prime Venture Partners and Kalaari Capital

Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, raised $3 million (Rs 20 crore) in Series A round from venture capital firms Prime Venture Partners and Kalaari Capital. The funding will be utilized to expand to three other cities and build the […]
29/11/2016

Online travel search marketplace ixigo to raise $10 Million from Sequoia

Online travel search marketplace ixigo is raising $10 million in fresh equity funding from Sequoia Capital India. Unlike OTA’s which provide their own deals on flights and hotels, ixigo works as a price comparison engine aggregating deals from over 25,000 online and offline travel providers.
29/11/2016

QSR Chai Thela raises INR 1.5 crore from Quarizon

Chai Thela, a hybrid format of street food outlets and organised sector’s quick-service restaurant, has raised funding from micro-venture capital firm Quarizon in its pre-Series-A round. The startup focuses on providing hygienic tea and snacks by targetting the office and commercial area hubs and the major part of customers are […]
29/11/2016

B2B e-commerce firm Wholesalebox raises pre-Series A funding

Wholesalebox, a Jaipur-based B2B wholesale e-commerce firm, has raised $2 million (INR 13 crore) in a pre-Series A round from a group of angel and institutional investors. Manish Maheshwari, CEO of Network 18 Digital and Contrarian Vriddhi Fund are among the investors that participated in this round. The funding will […]
29/11/2016

Former Goldman Sachs exec’s e-commerce startup Indofash raises funding

Bengaluru-based ethnic wear marketplace Indofash Ethnic Pvt Ltd has raised INR 1 crore ($146,000) in funding from two angel investors – Shekhar Sahu and Nitesh Pant, co-founders of telemedicine company HealthcareMagic.Indofash is an online platform for ethnic women’s wear, kids’ wear, home décor and jewellery. The company claims it gets […]
28/11/2016

Rewards app Kloseby raises seed funding

Rewards app Kloseby has raised $100,000 (around INR 68 lakh) in seed investment from an undisclosed investor. The funding will be utilized to build technology and hardware, and expand the tech team. The firm also plans to invest in user acquisition for mobile app on the business to consumer (B2C) […]
28/11/2016

Device management platform Servify raise funding from Beenext, Blume Ventures and others

Servify, a platform that works as a personal assistant to electronic gadgets and appliances, has raised an undisclosed amount in its pre-Series A round of funding from Beenext, and existing investors Blume Ventures and two German firms— Barkawi Holdings GmbH and TM Service Technology Holdings GmbH. Founded in 2015 Servify, […]
28/11/2016

Career advice platform TapChief raises funding from Paytm, TaxiForSure’s founder

Bengaluru-based TapChief, owned by Pilani Experts Technology Labs Pvt Ltd, has secured an undisclosed amount of funding from Paytm, TaxiForSure’s Aprameya Radhakrishna, Fisdom’s Subramanya Venkat and Nu Ventures’ Venk Krishnan.The funds will be utilized  to develop a ‘coach model’ which is a structured programme that connects users with experts.
28/11/2016

Education loans firm Shiksha raises funding from Michael & Susan Dell Foundation, Aspada

Chennai-based school financing company Shiksha Financial Services India Pvt Ltd has raised $1 million from The Michael & Susan Dell Foundation along with  Aspada Investment Company. The funding will be utilized to strengthen technology backbone, launch more products and expand into newer markets. This investment will enable the organisation to […]
28/11/2016

Ideal Insurance’s upcoming online platform raises funding from Ex-Just Dial CTO’s Xelpmoc

Kolkata-based insurance broking firm Ideal Insurance is all set to launch an online insurance platform christened 121Policy that will primarily focus on health insurance. The company has raised an undisclosed amount from former Just Dial chief technology officer Sandipan Chattopadhyay’s technology incubator Xelpmoc.121 Policy will primarily focus health insurance. It […]
25/11/2016

Netmeds buys IDG Ventures-backed rival Pluss in stock deal

Online pharmacy Netmeds has acquired Delhi-based hyperlocal drugs delivery app Pluss in a deal that will help it expand its operations in northern India and better compete with Sequoia Capital-backed rival 1mg. Pluss, owned by Alpinismo Online Ventures Pvt Ltd, will be merged with Nedmeds and will operate under its […]
25/11/2016

Event-tech startup Hubilo raises funding from Freshdesk’s Girish Mathrubootham & others

Hubilo, an Ahmedabad-based event-tech startup, that provides integrated end to end online solutions for event organizers has raised an undisclosed amount of funding from a group of investors including Girish Mathrubootham, cofounder of Freshdesk.The startup offers an user-friendly interface for every event organizer to create, promote, sell tickets, manage and […]
24/11/2016

Fitness discovery platform Froyofit raises Pre-Series A funding

Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount in Pre-Series A round of funding led by Dr Pooja Gandhi, an Indian actress and producer. The funding will be utilized to expand to other Tier II markets and acquire more users.
24/11/2016

Social networking app Sharechat raises $ 4 Million funding

Social networking app Sharechat, which helps the local, vernacular crowd to chat and share posts in their regional languages, has raised $4 million. Funds from the latest round, led by Lightspeed India Partners and existing investors SAIF Partners and India Quotient, will be utilized to extend the app’s reach to […]
24/11/2016

Cloud telephony firm Knowlarity raises funding from Delta Partners, Sequoia and others

Cloud telephony firm Knowlarity Communications Pvt Ltd has raised INR 133 crore in a Series C funding round from Dubai-based private equity firm Delta Partners Capital and other investors. The funding will be utilized to expand into international markets, make acquisitions and invest in advanced technology products for its customers.
24/11/2016

Background verification firm BetterPlace raises funding from Venture Highway

Bangalore-based startup , BetterPlace Safety Solutions Pvt Ltd that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital. Started in 2015 the startup provides personal, employment, educational, criminal and training verification services.
24/11/2016

Infosys makes LP investment in former Helion execs’ VC fund Stellaris

India’s second-largest IT services company Infosys Ltd will invest in the maiden fund of home grown early-stage venture capital firm Stellaris Venture Partners.Infosys will invest Rs 31.6 crore ($4.62 million) for a minority holding of up to a fifth of overall corpus being raised under Stellaris Venture Partners India I. […]
24/11/2016

Dubai-based VC firm Cocoon Ventures launches in India

Cocoon Ventures, a Dubai based venture capital firm, is looking to invest around $ 20 million in Indian startups. Apart from direct investments, the firm is also looking to invest through tie ups with other accelerators and funds.The early stage investment firms core focus areas are information technology and internet […]
24/11/2016

Bot protection platform InfiSecure raises funding from IDG Ventures, Axilor Ventures

Mumbai-based InfiSecure, a real-time bot detection and protection platform, has raised $600,000 in seed funding from IDG Ventures and Axilor Ventures.The funding will be utilized for research and global business development. It will also be invested in technology innovation to cover more aspects of website protection.
23/11/2016

B2B marketplace Udaan raises $10 Million from Lightspeed

Udaan, a business-to-business online marketplace has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US. Udaan is currently running a pilot connecting manufacturers, wholesalers, traders and retailers. It has two categories so far—mobile accessories and fashion products.
23/11/2016

AYE Finance raises Series B funding from new and existing investors

Delhi-based non-banking financial company AYE Finance (AYE) has closed its Series B round of funding worth INR 70 crore from LGT Impact Ventures and existing investors SAIF Partners and Accion.The funding will be utilized to grow outreach across the country with a target loan portfolio of more than Rs 2,000 […]
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