Archive News


Home services startup Renowala raises funding

Hyderabad-based on-demand marketplace for home improvement services Renowala secured a second round of seed funding from FMCG veteran Pradeep Dhobale. The funding will be utilized for talent acquisition.The company is also looking at raising one more round of seed funding worth Rs 2 crore for their expansion plan.

Sony acquires Zee’s TEN Sports for $385Million

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. […]

Personal mobile assistant app Mihup secures $6.7 Million from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs INR crore  from Accel Partners. The VC firm is picking up 20% stake in the startup. The funding will be utilized to develop the software and hardware of Mihup’s speech recognition system […]

IDG Ventures, Paytm founder back fashion rental startup Flyrobe

Online fashion rental portal Flyrobe has raised INR 35 crore in its second round of funding led by IDG Ventures, with the participation of Tokyo-based GREE Ventures and existing investor Sequoia India. The funding will be utilized to expand to five more cities including Hyderabad, Bangalore, as well as to […]

Nutanix acquires software deployment solutions startup

Enterprise cloud solution provider Nutanix has acquired the Sequoia-backed startup. This offers a platform for smooth transitioning of software and applications to their newer updates. It has 43 employees. Its engineering team operates out of its office in Bengaluru., which facilitates most of its engineering work from India will […]

Quintillion Media, others back matchmaking app for differently abled Inclov

Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl- led digital news venture Quintillion Media Pvt Ltd. The funding will be utilized for redesigning the Android […]

Foodpanda eyes fresh funds, may opt for sale

The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently mandated Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as […]

Denmark’s Sophia Investment backs farm-tech firm CropIn

CropIn Technology Solutions Pvt Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million  from Denmark’s Sophia Investment ApS. The funding will be utilized to hire staff in the marketing, operations and technology segments. The company  plans to develop its ‘SmartFarm’ application for real-time monitoring […]

Online photography startup Canvera raises $3 Million more led by Info Edge

Bengaluru-based online photography startup Canvera Digital Technologies Pvt Ltd has raised INR 20 crore ($3 million) led by existing investor Info Edge (India) Ltd. Founded in 2008 as a web-enabled photo-book company, Canvera entered associated e-commerce in March 2011. It provides solutions to professional photographers via its website It […]

EdTech platform iAugmentor raises INR 1 crore in seed funding

Education-technology company, iAugmentor Labs Pvt Ltd raised INR 1 crore in seed funding from Rajasthan Angel Investor Network and other undisclosed individual investors. The funding will be utilized to introduce new learning mediums such as games, animations, cartoons and videos.

TerraPay acquires UK’s Pay2Global

TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).

MediaTek invests INR 400 crore in One97

Taiwanese semiconductor maker MediaTek will invest INR 400 crore ($60 million) or about a fifth of the capital being infused into India’s One97 Communications, which runs mobile payment and ecommerce platform Paytm. The deal, which was ratified by the board of directors of Noida-based company on Monday, will see valuation […]

Facility management and home services startup SBricks acquires home services aggregator HomeCues

Facility management and home services startup SBricks has acquired home services aggregator HomeCues for more than $1 million. While HomeCues will be a subsidiary company of SBricks, it will continue to operate under its original name and the two companies will split their focus into business-to-consumer and business-to-business sectors respectively.

Home design startup Livspace raises $15 Million from Bessemer, others

Design and furniture start-up Livspace, owned by Home Interior Designs E-commerce Pvt Ltd, has raised INR 100 crore from existing investors Bessemer Venture Partners, Hellion Venture partners and Jungle Ventures. The funding will be utilized to expand operational footprint, set up new Livspace design studios, expand the design automation platform […]

Blume, Nexus lead $7 Million funding in Runnr after TinyOwl acquisition

Food delivery platform Runnr has raised $7 million (Rs 47 crore) from existing investors Blume Ventures and Nexus Venture Partners. Runnr was formed after on-demand logistics startup Roadrunnr acquired troubled food ordering startup TinyOwl in June.

Self-publishing startup, Notion Press raises $1 Million from HNI’s

Chennai-based self-publishing startup, Notion Press, has raised $1 Mn in Pre-Series A funding from undisclosed HNIs. The deal will help the platform consolidate its market leadership, strengthen its management team and expand its services in the market. The funding will be utilized to intensifying coverage across India and fuel operations […]

On Demand talent marketplace Zolo raises seed funding, looks to expand to other cities

Noida-based on-demand talent marketplace, Zolo, has raised an undisclosed amount of seed funding from Switzerland-based Software company Hitouch AG.The funding will be utilized to expand to other cities after establishing base in Delhi-NCR. Also, Zolo intends to add more categories and services to its portfolio. Apart from the funding, Zolo […]

LoanTap raises $3m from HNIs

LoanTap Financial Technologies Pvt Ltd, an online non-banking financial company (NBFC), has raised $3 million (INR 20 crore) from Mumbai-based high-net-worth individuals Abhishek Pandey and Jaysukh Sapra. 85% of the funding will be utilized to extend loans and the rest to strengthen its technology and marketing.

Biotech company Mitra Biotech raises $27.4 Million

Mitra Biotech Inc,  a biotech company that develops and provides technologies that personalize cancer treatment, has raised approximately INR 184 crore in a Series B round of financing led by Sequoia India and Sands Capital Ventures.Mitra Biotech is engaged in supporting personalized oncology therapy selection and drug development. Founded in […]

Mobikwik to get $40 Million from South African payment firm Net1

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card technology across MobiKwik wallets.

Cashback App Crownit parent raises funds from Freecharge, Freshdesk founders

GoldVIP Technology Solutions Pvt Ltd, which runs the Crownit mobile application, raised an undisclosed amount of funding from Kunal Shah and Sandeep Tandon (founders, Freecharge), Girish Mathrubootham (founder, Freshdesk) and Anand Chandrasekaran (former chief product officer, Snapdeal). The funding will be utilized for expanding to more cities and increase merchant […]

Paytm parent in talks to raise around $300m from MediaTek, Temasek, others

One97 Communications Ltd, which runs e-commerce marketplace and payments platform Paytm, is in advance discussions to raise $300-$350 million (INR 2000- INR 2400 crore) from Taiwan’s MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others. Taiwan’s Foxconn and GIC are likely to participate too.

Agri-based venture Krishi Star raises seed funding from Upaya, Artha Venture

Mumbai-based agri-business startup Krishi Star has raised an undisclosed amount in seed funding from a consortium of four investors led by Upaya Social Ventures and Artha Venture Challenge, along with 1to4 Foundation and an angel investor. The company collaborates with small farmers by branding and selling their products through a […]


Ed-tech startup ConveGenius raises INR 6 Crore funding from the Michael & Susan Dell Foundation Noida-based ConveGenius Edu Solutions Pvt Ltd, a mobile-based education venture, has raised equity investment worth INR 6 crore from Michael & Susan Dell Foundation. The funding will be utilized to scale operations, build on existing […]