Archive News

28/09/2016

YES Bank launches full service banking proposition for start-ups

Private sector lender YES BANK has launched Yes: Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. The program will offer will offer Customized Current Account, Innovative Digital & Cash Management Solutions, Comprehensive Trade-Forex Advisory Services, Dedicated ‘Start-Up’ focused Branches, Personal Banking Products […]
28/09/2016

Platform for artists Canvs.in raises funding from former Housing.com marketing chief

Canvs, a community for artists and designers in India, has received an undisclosed amount of angel investment from Pratik Seal, former chief marketing officer at Housing. The funding will be utilized to expand its business and grow its community of designers.
28/09/2016

Sequoia-backed BankBazaar invests $752k in its Singapore unit

A&A Dukaan Financial Services Pvt Ltd; which runs financial services marketplace BankBazaar has invested $1 Million Singapore dollars, (about INR 5 crore) in its wholly-owned subsidiary in Singapore that will operate BankBazaar sg portal. The funds will be utilized for scaling technology and team expansion.
28/09/2016

NIIT acquires Bengaluru-based start-up Perceptron

The National Institute of Information Technology (NIIT) has acquired the Bengaluru-based start-up Perceptron. The strategic acquisition is expected to bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Training.com. Started in 2014, Perceptron focuses on […]
28/09/2016

DSG Consumer Partners backs Singapore sexual wellness firm Ramblin’ Brands

Early-stage investment firm DSG Consumer Partners has invested in Singapore-based Ramblin’ Brands, leading a round in which the consumer goods maker raised nearly INR 30 Crore. Ramblin’ Brands was founded in 2011 by Swedish entrepreneurs Mattias Hulting and Peder Wikstom. It markets products such as personal lubricants and massagers under […]
28/09/2016

Flipkart reinvests in parenting social network TinyStep

Bangalore-based WeHive Technologies Pvt Ltd, which runs parenting social network TinyStep, has raised a fresh round of funding from one of its existing investors, Flipkart. The ecommerce major has put in Rs 10.6 crore ($1.58 million) through its Singapore-based subsidiary firm Flipkart Logistics Pvt. Ltd. Post the deal, the flipkart’s […]
28/09/2016

YourNest floats second early-stage VC fund with $45 Million target corpus

Early-stage venture capital firm YourNest has launched its second fund, YourNest India Fund II, with a target corpus of INR 300 Crore ($45 million). The Fund II will focus on pre-Series A funding of about 25-30 technology startups over the next 3-4 years. YourNest will focus on sectors including Internet […]
27/09/2016

Indonesia’s GO-JEK acquires Bengaluru-based healthcare startup Pianta

One of Indonesia’s hottest startups GO-JEK has acquired Bengaluru-based Pianta, a marketplace for home healthcare services, for an undisclosed sum. GO-JEK, backed by Sequoia Capital and Yuri Milner-backed DST Global, also delivers food and grocery. The acquisition is expected to bolster the Indonesian startup’s foray into the healthcare space.
27/09/2016

Paytm buys edutech startup Edukart in an acqui-hire deal

Payment services provider Paytm (One97 Communications Ltd) has bought education technology start-up Edukart, backed by cricketer Yuvraj Singh and Paytm founder Vijay Shekhar Sharma, after it failed to raise new funds. The purchase, whose value wasn’t disclosed, is a so-called acquihire—or buying out a company primarily for the skills and […]
26/09/2016

Zomato acquires logistics tech startup Sparse Labs

Online restaurant ordering and discovery portal Zomato acquired logistics technology startup Sparse Labs, as it looks improve the delivery experience. Sparse Labs has developed an Android-based mobile application which transmits delivery executives location to both the restaurant and the consumer in real time.
26/09/2016

Procurement solutions provider Xeeva acquires cloud based E-sourcing tool ProcurePack

Procurement solutions provider, Xeeva has reportedly acquired cloud-based e-procurement and vendor relationship management solution,ProcurePack, for an undisclosed amount. Procurepack is an e-sourcing tool developed by Source Web Solutions. Almost all the team members of Source Web will exit the company with the acquisition.  
26/09/2016

Goods exchange platform Let’s Barter raises funding from Scale Ventures

Delhi-based venture capital firm Scale Ventures has invested an undisclosed amount in Let’s Barter, an online platform to barter goods and services.Let’s Barter is a platform for customer-to-customer exchanges for used goods and barter of services. Its Facebook group has about 1,83,000 members. The platform was formed in October 2015 […]
26/09/2016

Awfis to raise $15-20 Million funding for future growth

Awfis, a co-working space major in the country, is looking at raising around $15-20 million funds by the end of the year to support its growth plans in the country. It currently has around 3,000 seats across 12 centres in three cities and it would be adding another 3,000 seats […]
26/09/2016

GE Healthcare to invest up to $50 million in start-up accelerator programme

GE Healthcare, the $18 billion healthcare technology division of General Electric Co, will provide funding of up to $50 million for global start-ups under its new accelerator programme, aimed at improving affordable healthcare in emerging markets. The company would potentially invest up to $5 million per start-up to commercially scale […]
26/09/2016

SaaS firm CloudCherry raises $ 6 Million in Series A round from Vertex Ventures, others

Chennai-based SaaS firm CloudCherry has raised $6 million from prominent venture capital firms including Vertex Ventures, Cisco Investments and existing investor IDG Ventures – which have picked up a significant minority stake in company. The SaaS-based platform for customer experience management owned by Customer Analytics Technologies, will utilize the Series […]
26/09/2016

Apple buys Indian machine learning startup Tuplejump Software

Apple Inc has acquired Indian machine-learning start-up Tuplejump Software Pvt Ltd as it seeks to expand its expertise in artificial intelligence. Tuplejump’s software specializes in processing and analysing big sets of data quickly
26/09/2016

Fin-tech startup InMotion raises funding from 1mg, others

Fin-tech startup InMotion Media Ventures Pvt Ltd has received an undisclosed amount of funding from online drug marketplace 1mg’s founders Prashant Tandon and Gaurav Agarwal. The startup is raising a total of INR1.5 crore ($225,000) as part of the pre-Series A round. The company provides financial services to daily wagers […]
23/09/2016

TechSparks 2016

Yourstory’s flagship event, TechSparks is India’s premier startup conference and showcase. Started in 2010, Techsparks has become a benchmark platform with events and engagements that shape tech entrepreneurship in India. Curated to celebrate cutting edge ideas, innovators and investments, the event is an amalgamation of successful people, their stories and […]
23/09/2016

Angel Investments 101

91springboard is organizing a workshop with GameChanger which aims at providing Entrepreneurs and Angel Investors with a primer on the various legal thumb rules that they would need to understand, while structuring angel investment transactions
23/09/2016

Reverse Pitch

The idea is to flip the script and have investors pitch to startups. Investors will be sharing their operational experience, sector focus, investment thesis, portfolio, etc. with the entrepreneurs. The goal is give details about start-up funding and provide a platform for entrepreneurs to have candid conversations with the investors
23/09/2016

WEBIT INDIA : Paving India’s Digital Future

WEBIT.INDIA is about top quality over quantity. The aim to bring together the best digital, AI, VR, fintech and media professionals and executives, investors and policy makers. The event will allow top level networking and high level experience to global speakers, audience and partners. Promoters can exhibit their startup/product/service and […]
23/09/2016

Pitch Perfect To Raise Funds

The event aimed at helping Startups to learn and perfect their startup pitch, create a pitch deck to guarantee success for acquiring customers, to understand the investor’s psychology and raise funds by reaching out to the right investors at the right time. Startups will get an opportunity to showcase and […]
23/09/2016

ParentLane raises funding from Capier Investments

Child development app ParentLane has received angel funding from Capier Investments, the personal investment firm run by Rohit MA, cofounder of Cloudnine Hospitals. The app focuses on child development from infancy to the age of eight. “We answer queries across 60-70 categories of child development starting from food to different […]
23/09/2016

Startup incubator IdeaWaveLabs backs First Moms Club

Singapore-based startup incubator IdeaWaveLabs said it has made three investments in India, including one in Mumbai-based startup First Moms Club, an online community of first time mothers, in which it has picked up a minority stake.The amount invested in First Moms Club was undisclosed, but the Singapore incubator said it […]
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