Archive News


Freshdesk raises $55 Million in series F from Sequoia Capital India, Accel Partners

Enterprise software maker Freshdesk has raised $55 million in a new round of funding led by Sequoia Capital India, along with existing investor, Accel Partners. Founded in October 2010, Freshdesk is one of the first software-as-a-service (SaaS) companies from India to take on the global market. Its helpdesk software can […]

Business intelligence and data science company Impact Analytics raises $750K from Aarin Capital & others

Business intelligence and data science company Impact Analytics has raised $750,000 led by early-stage venture capital firm Aarin Capital, which was founded by TV Mohandas Pai and Dr Ranjan Pai. The company provides analytics solutions across sectors including retail, financial services, education, pharma and others.

Advanced Enzyme Technologies buys 70% stake in JC Biotech for $7.5 Million

Advanced Enzyme Technologies Ltd, India’s leading enzyme maker, has entered into definitive agreements to acquire a 70% stake in Hyderabad-based JC Biotech Pvt Ltd for INR 50 crore. The acquisition will significantly boost market share of Advanced Enzyme Tech in the enzymes space and enable it to enter the biopharmaceutical […]

Entertainment tech platform TalentNext raises $1 Million in seed funding

Entertainment tech platform TalentNext, which connects actors, screenwriters, choreographers and 43 other related categories to recruiters, has raised a seed round of $1 million in a round led by Karanpal Singh, managing director at KJS Cement and other angel investors. The platform claims to receive over 250 signups through Facebook […]

Everstone-backed FACES Cosmetics seeks $15 Million for India expansion planss

Canada-based branded cosmetics and skincare products firm FACES Cosmetics Ltd, backed by the India-focused investor Everstone Capital Partners LLR, is looking to raise as much as INR 60-100 crore. The funding will be utilized to accelerate presence in India. Over the next one year, the colour cosmetic firm expects to […]

Cloud tech firm Sanovi Technologies gets acquired by IBM

American technology firm IBM has acquired Bengaluru-based Sanovi Technologies for an undisclosed sum to bolster its cloud offerings. Sanovi provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastructure.

India Quotient to raise $60 Million as part of third fund in 2017

Early stage fund India Quotient as a part of its third fund, plans to raise $60 million by January/February 2017. The firm aims to spend 30% of the funds on fintech players within lending, insurance and investment sectors. The remaining portion of the funds will be spent on gaming, media, […]

Renewable energy solutions provider Ezon Energy raises funding

Renewable energy solutions provider Ezon Energy has raised INR 140 crore from Japanese investor Natori Nohisa to set up 140 MW of solar power projects in Karnataka and Kerala. The funding has been structured on equity and project basis, thus avoiding stake dilution in Ezon Energy.

Agritech startup FR8 raises INR 6.5 Crore from Omnivore Partners

Agritech-focused Omnivore Partners is investing in Chennai-based FR8, a tech startup which develops solutions for the long-haul trucking segment. The funding will be utilized for expansion, technology and talent.

Content platform Healofy secures benefits worth $40K through FbStart programme

Healofy, a peer-to-peer content platform of moms and moms-to-be, has been selected for Facebook’s FbStart programme and will get upto $40,000 credits and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Founded in October, Bangalore-based Healofy attracts women around health […]

Relocation service provider Pikkol raises funding from angel investors

Bengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co and Afsal Salu, co-founder of hyperlocal delivery company Delyver. Pikkol, run by Rednile Innovations Pvt Ltd, operates as […]

Health-tech startup Idea Bubbles raises funding from Eureka Forbes, others

Bengaluru-based health-tech startup Idea Bubbles Consulting Services Pvt Ltd has raised $700K from early stage funding platform 1Crowd, health and hygiene firm Eureka Forbes Ltd, along with its parent Shapoorji Pallonji & Co Pvt Ltd.  Founded in 2014 the startuo has developed ‘Eureka Forbes Good Health’ (EFGH) platform that enables […]

Products and deals discovery app Scandid acquires local ecommerce platform Snabar

Pune-based mobile-first savings discovery platform Scandid has acquired hyperlocal startup Snabar for an undisclosed deal amount. The acquisition is strategic as Scandid is on the lookout for talent and technology to continue to build a user-friendly shopping and savings assistant platform.

Yellow Tie to invest $20 Million in chef Harpal Sokhi’s restaurant ventures

Yellow Tie Hospitality Management LLP, a food and beverages franchise management firm, plans to invest up to $15-20 million in five restaurant ventures of Indian celebrity chef Harpal Singh Sokhi’s chain Funjabi Tadka. The funding will be utilized to relaunch some of the existing chains such as Twist of Tadka, […]

IT Giant L&T Infotech acquires analytics startup AugmentIQ

Global IT services and solutions provider L&T Infotech (LTI) is all set to acquire Pune-based AugmentIQ Data Sciences Pvt Ltd, a startup offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.With the acquisition, LTI will gain access to MAXIQ, the big data platform […]

Social media marketing startup OrangeTwig raises funding from Silicon Valley investor

San Francisco and Delhi based social media marketing startup OrangeTwig has raised a seed round of $1 Million from an undisclosed Silicon Valley investor. An additional $75K has been added from a close friend. The funding will be utilized to hire talent and ramp up marketing and sales operations.

The Kettlery raises $1 Million from Abhinav Bindra’s venture fund company

Ahmedabad-based The Kettlery, a speciality tea startup raised $1 million from Abhinav Bindra’s Shooting Starts Sports LLP & Franchise India Brands. The funding will be utilized to set up 100 tea boutique outlets in next five year.

Android utility app SooperMo raises funding from Dubai based investor

Android utility app suite SooperMo, operated by Gurgaon-based SooperMo Appstudio Pte Ltd, has raised $100,000 (Rs 67 lakh) in seed funding from Dubai-based entrepreneur Lalit Vase.  The funding will be utilized to launch the beta version of the utility apps in Middle East, Southeast Asia and Africa.

Fashion discovery app Wooplr raises funding from Astarc Ventures

Wooplr Technologies Pvt Ltd, which runs an eponymous fashion discovery app for women, has received an undisclosed amount of funding from Astarc Ventures. The company’s platform seeks to help people shop better based on location, occasion, interests and friends. The fashion discovery platform hopes to reach 100 million women users […]

MPower raises $ 6Million from Zephyr Peacock PE fund

PE fund Zephyr Peacock, a midmarket private equity fund has led a $6 million investment in MPower, a financial technology company and is helping them set up their India base in Bangalore.

Everstone Capital invests INR 220 Crore in Rubicon

Everstone Capital has invested Rs 220 crore in contract research and drug-delivery company Rubicon Research. Post this transaction, Everstone will own a 70% stake in Rubicon.

Invoice discounting marketplace KredX raises INR 40 Crore from Sequoia , existing backer

Invoice discounting marketplace KredX has raised about INR 40 Crore in series-A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium enterprises (SMEs) with investors who are willing […]

Fintech lending startup CreditMate raises $500K from India Quotient

Early stage fund India Quotient has invested $500,000 in Mumbai-based fintech lending startup CreditMate, which uses data-driven algorithms to lend against purchase of used two-wheelers. The platform, which has tied up with over 25 dealers in Mumbai, enables the users to enter the bike of their choice and their monthly […]

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 […]