Archive News

23/09/2016

Redcliffe’s Dheeraj Jain set to launch $50 Million early-stage fund

Dheeraj Jain, director at London-based investment firm Redcliffe Capital, is set to launch a $50 million early-stage fund to invest in technology startups in India and overseas. Christened ‘Redcliffe Capital Early Stage Fund 1’, it will focus on Series A investments in areas such as artificial intelligence, Internet of things […]
22/09/2016

Patni Group’s Currae fund, Unicorn India back Pharmarack

Pune-based Pharmarack Technologies Pvt Ltd, which provides software-as-a-service applications for automated order processing and inventory management to pharmaceutical retailers and distributors, has raised INR 5 crore ($745,000) in its pre-Series A round of funding. The startup enables supply chain marketing and makes it easier for companies to speak with their […]
22/09/2016

Japan’s Rebright Partners backs mobile gaming startup Flixy Games

Mobile games publisher Flixy Games Pvt Ltd has raised $425,000 in seed funding from Rebright Partners, a Japan-based venture capital firm.  The startup has also partnered with Japanese gaming studio Axelmark to launch their first game, ‘Avatars Clash: Come on Mahaar’. The funding will be utilized to operate the game, […]
22/09/2016

‘Facebook for doctors’, DailyRounds raises funding led by Accel Partners

DailyRounds, a social network of doctors, has raised an undisclosed amount in funding led by Accel Partners, with participation from Beenext, Powerhouse Ventures, and Aksua Holdings, Japan. With about 40 cases uploaded a day, the startup claims that more cases are discussed on their mobile app than in all the […]
22/09/2016

Analytics company Trybeca acquires AI based news aggregator Pipes

Marketing analytics platform Trybeca will acquire AI-based news app Pipes for an undisclosed amount in a cash and stock deal. Post the acquisition, Pipes’ app will be pulled off from the market as Trybeca plans to take the app’s technology ahead.
22/09/2016

Gadgetwood raises $6 Million funding from Carpediem Capital

On-demand repair services and refurbishment startup Gadgetwood has raised $6 Million in series-A funding from private equity fund Carpediem Capital. Abhishek Sharman, MD of Carpediem Capital, will join Gadgetwood board. Gadgetwood provides repair and other support services for mobiles and tablets across all brands. It claims to repair over 10,000 […]
22/09/2016

RISE India raises INR 14 Crore from NSDC

RISE India has raised INR 14 Crore from National Skill Development Corporation, or NSDC, as part of its affiliate partner programme, reports Payal Ganguly. The institute will train 2.48-lakh youth in automotive skills as part of this network over the next seven years. NSDC invests in select training partner networks […]
22/09/2016

Nexus-backed solar lighting products firm d.light raises $22.5 Million

The San Francisco-headquartered solar lighting & power products maker has raised $15 million (Rs 100 crore) in Series D round of equity funding from KawiSafi Ventures Fund, Energy Access Ventures, Omidyar Network and NewQuest Capital Partners. Founded in 2006 as a for-profit social enterprise, d.light manufactures and distributes solar lighting […]
22/09/2016

Anglian Omega Network backs sports-focused social platform Khel Now

Singapore-based Agnificent Platform Technologies Pte Ltd that runs Khel Now, a crowd-managed platform that aims to bring sports-related content and social networking together, has raised $350,000 from Anglian Omega Network. The funding will be utilized for user acquisition and improvement the firm’s existing offerings.
21/09/2016

PurpleDocs raises undisclosed fund from KellyGamma & Lead Angels

PurpleDocs, an healthcare records management startup from Vadodara, with more than 60 hospitals as customers across Gujarat, has raised investment from KellyGamma, Lead Angels and few other HNIs from healthcare world. The funding will be utilized for expansion of operations outside Gujarat and for further investment in proprietary technology platform
21/09/2016

eQuickes.com raises INR 2 Crore from Lothal Ventures

Lothal Ventures invested INR 2 Crore in Ahmedabad-based student book selling platform eQuickes. The start-up sells only educational books and study material on its portal. It also allows students to exchange old books, find coaching class and also get college news updates.
21/09/2016

Pepperfry raises INR 210 Crore funding from existing angels

Online furniture and home decor marketplace Pepperfry has raised INR 210 Crore as part of a new round of funding from existing investors Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund. The Mumbai-based company — founded by former eBay executives Ambareesh Murty and Ashish Shah — […]
21/09/2016

Co-working space provider CoLife raises $1 Million in angel funding

Bangalore based CoLife Advisory Pvt Ltd, which operates a network of shared living and working spaces under CoLive247 and CoWork247, respectively, has raised $1 million in seed funding from a group of undisclosed angel investors. The funding will be utilized to expand operations to Hyderabad, Pune and Gurgaon
20/09/2016

TeamLease to acquire NichePro Tech for INR 29 Crore

TeamLease Services Limited is expanding its focus on the higher margin IT staffing business by acquiring local rival NichePro Technologies for INR 29 Crore. This acquisition helps TeamLease to tap into the niche IT staffing for product companies and complements their recent acquisition of ASAP Info Systems which caters to […]
20/09/2016

Smartphone repair startup raises $0.5million

Smartphone repair e-commerce platform JustLikeNew has raised $500K through LetsVenture. The funding will be raised utilized to penetrate deeper into JustLikeNew’s existing target cities and to make improvements in its IT infrastructure in order to provide users with a seamless repair experience. The year old startup provides free pickup and […]
20/09/2016

Namdeo Umaji to invest INR 3 Crore in gardening and farming portal Ugaoo

Seed company Namdeo Umaji will be investing INR 3 Crore in its ecommerce venture, Ugaoo, a gardening and farming portal. Launched earlier this year, Ugaoo focuses on the gardening and landscaping market. The company will now reach out to consumers in Tier 2 cities like Surat, Nashik, Kochi,to tap into […]
20/09/2016

Jabong CTO backs automated chat solution startup Joe Hukum

Joe Hukum, which provides automated chat-based solutions to companies, has received commitment for a pre-Series A round of funding. The startup got commitment from Jabong’s chief technology officer (CTO) Sumit Jain. The startup is looking to raise under $1 million (Rs 6.7 crore) and is in talks with a few […]
20/09/2016

Ride Hailing App Grab raises $750 Million in funding led by SoftBank

Southeast Asia ride-hailing startup Grab raised $750 million in equity financing from investors including Japan’s SoftBank Group Corp.  Grab, which operates as many as 1.5 million daily bookings across six countries will invest in mobile payments and sustain its pace of Asian expansion.
20/09/2016

Technology startup Codemojo raises undisclosed amount in angel round from CAN

Chennai-based technology startup Codemojo, has raised an undisclosed amount in an angel round from CIO Angel Network (CAN). The round was led by angel investor Sanjay Mehta and technology evangelist Manoj Chandiramani. Codemojo offers customer engagement for omni-channel businesses to increase daily and monthly usage.
20/09/2016

E-distributor Just Buy Live plans fundraise to enhance presence

Just Buy Live Enterprise Pvt Ltd, an e-distributor that connects shopkeepers with consumer brands and distributors, is firming up plans to raise its second round of growth capital to enhance market presence. Just Buy Live Enterprise Pvt. Ltd, an e-distributor that connects shopkeepers with consumer brands and distributors, is firming […]
20/09/2016

Dentsu Aegis acquires public relations firm Perfect Relations

Dentsu Aegis Network has announced the acquisition of public relations (PR) firm in India Perfect Relations Group which will continue to retain its branding. The acquisition further strengthens Dentsu Aegis Network’s overall communications offering in the Indian market.
19/09/2016

Gray Matters Capital backs e-learning firm Liqvid’s English language unit

Liqvid English Edge Pvt Ltd, a unit of Noida-based Liqvid eLearning Services Pvt Ltd, has raised an undisclosed amount in Series A funding from US-based Gray Matters Capital for its English language learning software EnglishEdge. The funding will be utilized  to power the technology infrastructure of EnglishEdge and to offer […]
19/09/2016

Bessemer Venture leads $15 Million round in food-tech startup Swiggy

Bengaluru-based Bundl Technologies Pvt Ltd, which owns and operates online food ordering platform Swiggy, has raised $15 million (Rs 100 crore) in a Series D funding round led by Bessemer Venture Partners.  The funding will be utilized t fuel Swiggy’s next phase of growth, with an improved customer experience at […]
19/09/2016

Fresh veg supplier Lawrencedale raises funding from BESTSELLER, Unitus Impact

Ooty-based Lawrencedale Agro Processing India Pvt Ltd, which supplies farm fresh vegetables to organised retailers in south India under the brand ‘Leaf’, has raised an undisclosed amount in a fresh fundraising from Denmark-based BESTSELLER FOUNDATION and US-based venture capital fund Unitus Impact. The funding will be utilized to expand reach […]
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