Archive News

24/08/2016

Flipkart, Paytm founders back ed-tech startup Unacademy

Sorting Hat Technologies Pvt Ltd, which runs educational-technology platform Unacademy, has raised $1 million from a clutch of investors including Flipkart co-founders Sachin Bansal and Binny Bansal and Paytm founder Vijay Shekhar Sharma. The funding will be utilized to develop apps and products and hire employees.
24/08/2016

EnCashea raises funding from Kunal Shah, others; in talks to buy smaller rival RaddiMan

Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan.
24/08/2016

Deal discovery startup NearU raises funding from marketing guru Goutam Challagalla

Mumbai-based deal discovery startup NearU has raised an undisclosed amount in funding from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland. Founded in June 2015 by Rao, NearU is a location-based mobile app for deal discovery. The startup follows an online-to-offline model connecting users to outlets.
23/08/2016

Start-Up & Tech Awards Summit

An opportunity for start-ups and small businesses to pitch to a panel of investors to raise equity funding. Exclusive connect with Mentors for your startup issues and suggest relevant solutions. Power packed sessions on various aspects of entrepreneurship, by speakers of international and national repute
23/08/2016

Startup Weekend ( Delhi – NCR ) Healthcare Edition

Startup Weekend Delhi-NCR in association with Techstars is bringing to you Startup Weekend Delhi-NCR Healthcare Edition. Startup Weekender is a 54 hours event for developers, designers and entrepreneurs to hack on their latest idea. They will be able to present their own concept and form a team around it or […]
23/08/2016

US- India Startup Forum 2016

US investments in Indian startups have been steadily increasing over the years. Earlier this year, the Startup India initiative was launched by the Government of India to create an ecosystem that drive the growth of startups, foster entrepreneurship and promote innovation. The mission of the American Bazaar’s three-city US-India Startup […]
23/08/2016

US – India Startup Forum 2016

US investments in Indian startups have been steadily increasing over the years. Earlier this year, the Startup India initiative was launched by the Government of India to create an ecosystem that drive the growth of startups, foster entrepreneurship and promote innovation. The mission of the American Bazaar’s three-city US-India Startup […]
23/08/2016

Personalized Mobile Learning Platform for Professionals nhance raises seed $300K seed funding

nhance, a personalized mobile learning platform for professionals in emerging markets, has raised seed funding of $300K earlier this year from education entrepreneur and investor, Mohan Lakhamraju. Launched in 2015, nhance’s mission is to bridge the delivery gap between content platforms and learners by making learning easy, engaging and effective. […]
23/08/2016

US firm FullContact acquires Kochi-based start-up Profoundis

FullContact, a US-based contact management platform for professionals and enterprises, has acquired Profoundis, which is based at Infosys’ co-founder Kris Gopalakrishnan-backed Startup Village in Kochi, Kerala. Profoundis provides technology-enabled human verified data research platforms. FullContact’s purchase of Profoundis follows $25 million in new funding, which the company will use to […]
23/08/2016

Kishore Biyani’s Future Group in talks with Aditya Birla Retail to buy or merge business

Kishore Biyani-led Future Group is in early discussions with Aditya Birla Retail (ABRL) to buy or merge the latter’s More supermarket business to consolidate its leadership in the brick-and-mortar retail sector and to build a large network of stores that could be leveraged in alliance with ecommerce companies for multi-channel […]
23/08/2016

Global P2P student notes exchange marketplace Notesgen crosses 400k users, raises funding

New Delhi based edtech platform Notesgen has recently raised $100K angel funding from Riju Gupta, CEO of JuiceUp and other angel investors (Kamal Chhabra). Launched in November 2014 th global peer-to-peer student notes exchange marketplace has active users in 118 countries.
23/08/2016

Artificial intelligence startup Octo.ai raises $200k from Outbox, others

Delhi-based artificial intelligence start-up Octoai has raised $200,000 from early stage investor Outbox Ventures, Rahul Khanna, managing partner of venture debt fund Trifecta Capital and Jaspreet Bindra, head of e-commerce at Mahindra & Mahindra. The funding will be utilized to enhance technology.
23/08/2016

China consortium buys ad-tech venture Media.net for $900 million

A consortium of Chinese investors has acquired ad-tech venture Medianet for about $900 million in a rare reverse merger deal being touted as the largest in the sector. Media.net develops products for advertisers as well as publishers, providing them with an entire suite of services, including creating, targeting and evaluating […]
23/08/2016

Tata’s $300 million venture fund plans to invest in startups

The newly set up RNT Capital Advisers, a venture fund launched by Tata Sons chairman emeritus Ratan Tata, will deploy $300 million across startups in India, Southeast Asia and the US. Headquartered jointly in Mumbai and Singapore, the fund will typically deploy $10-15 million of capital into companies and will […]
23/08/2016

Apple buys health startup founded by Indian-origin duo

Taking its interest in the digital health sector to the next level, tech giant Apple has quietly acquired personal health data startup Gliimpse founded by two Indian-origin entrepreneurs.  Founded in 2013 Gliimpse provides a secure platform where consumers can manage and share their medical records and info.
23/08/2016

TAC Security raises Pre-Series A funding from Vijay Kedia

TAC InfoSec Pvt Ltd, owned and operated TAC Security Solutions, a cyber-security solutions provider, raised an undisclosed amount in pre-series A round of funding from Vijay Kedia. Kedia will join the board as a non-executive independent director in the company, with the aim of helping TAC to expand the business globally.
23/08/2016

Sports-based entertainment company Smaaash raises INR 150 Crores from Piramal

Piramal Enterprises Ltd’s structured investment group (SIG) unit has agreed to invest INR 150 crore in Smaaash Entertainment Pvt Ltd, a sports-based entertainment company co-owned by cricketer Sachin Tendulkar. Currently, Smaaash has five gaming arcades in Mumbai, Bengaluru, Gurgaon, Noida and Hyderabad. The company is known for its arcades that feature sports […]
23/08/2016

Food startup Zzungry raises seed funding from Silicon Valley entrepreneurs

Bangalore-based food startup Zzungry that offers freshly prepared Indian cuisine has raised a round of seed funding from Silicon Valley-based entrepreneurs Satish Vasudeva, Madhusudhan Jujare and other individual investors. The funding will be utilized for expansion and building revenue channels.
23/08/2016

Fitternity close to raising funding from Saha Fund, Exfinity, others

Online fitness discovery platform Fitternity has received commitment to raise fresh investment from existing investors women-focused Saha Fund, Exfinity Venture Partners and couple of other angel investors based out of India and Silicon Valley. It has received commitment worth under $2 million.
23/08/2016

Vyome Biosciences raises INR 93cr in Series C round

Vyome Biosciences, a clinical-stage specialty biopharmaceutical company developing medicines for treating skin diseases caused by resistant microbes, has received $14 million (approx INR 93 crore) Series-C funding. The round was led by Perceptive Advisors, a New York based life sciences fund and, Romulus Capital, a Boston-based VC firm, along with […]
23/08/2016

Kelly Services, Temp Holdings launch VC fund for startups focused on HR

Recruitment firm Kelly Services India and its joint venture partner for Asia Pacific, Temp Holdings, have launched a venture capital fund for startups focused on human resources. The Temp Innovation Fund has set aside Rs 67 crore to invest in disruptive startups engaged in staffing and recruitment services in the […]
22/08/2016

Enablers facilitates funding for ExtraCarbon

Enablers successfully raised a seed round for waste management firm ExtraCarbon from Brand Capital, ValPro Capital and an HNI Founded in 2013 Extra Carbon collects recyclable waste from homes and commercial places, and sends the material to recyclers. It also buys second-hand furniture and household items. In order to encourage […]
22/08/2016

Accel Partners eyes $500 million for fifth India fund

Accel India, which is based in Bengaluru, is expected to raise $400-500 million (Rs 2,700-3,300 crore) for its fifth fund. It will formally begin the process by October although it has initiated talks with the Limited Partners who could invest in the fund
22/08/2016

Nykaa.com to raise INR 80 crore, aims to double sales by FY18

Online beauty retailer Nykaa is in talks to raise INR 80 crore by end of this year to push growth as it aims to double sales to Rs 720 crore by 2017-18. The company is looking at diluting 10 per cent equity and expect to close the funding by December this […]
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