Archive News

29/12/2016

CoCreate Ventures raises INR 15-crore fund to help startups in need

CoCreate Ventures, a new investment firm focused on startups which are struggling, has raised a INR 15-crore fund from high networth individuals. The firm, cofounded by TeliBrahma founder Suresh Narasimha and former partner at Ojas Ventures Pavan Krishnamurthy has made its first investment in library chain JustBooks to help the […]
29/12/2016

Fitness app HealthifyMe raises $1 Million from Dubai investor

Fitness app HealthifyMe has raised $1 million from Dubai-based investor Neelesh Bhatnagar. Founded in 2012 HealthifyMe claims to be the first app to introduce calorie tracking of Indian dishes. The company delivers measurable results on eating habits, fitness, and weight.
28/12/2016

Ashok Trivedi floats $500 Million corpus – establishes family office for investing in early-stage tech startups

Ashok Trivedi, co-founder of Igate has floated the Trivedi Family Office, which  will have a corpus of over $500 million that will be infused into a diversified portfolio where a large portion of the funds will be used in early-stage tech companies.
28/12/2016

Delhi based software company Wixty accquires Brazil based dating app for Christians, Kingr

Delhi based software company Wixty Inc has acquired Kingr, a dating app designed for Brazil based Christians for $150K in an all cash deal. Kingr was launched in December 2015 with an aim to unite the Christians all across Brazil through real time interactions between them through this dating platform.
28/12/2016

Infosys co-founder Nandan Nilekani invests more in 10i Commerce Services

E-commerce startup 10i Commerce Services Pvt Ltd has raised $5 million more in investment from Infosys co-founder Nandan Nilekani. Founded in 2014 the company runs an app called ShopX, which helps retailers sell online and build a customer base.
28/12/2016

E-waste management firm EcoCentric raises growth capital from HNI’s

EcoCentric Management Pvt Ltd (ECMPL), a Mumbai-based e-waste management firm, has raised its first round of growth capital from a couple of high net worth individuals (HNIs). The funding will be utilized to increase capacity and expand its reach pan-India.
27/12/2016

Video streaming firm Dekkho raises $ 1.2 Million funding from seven angels

Video streaming platform Dekkho, run by Baadl Technologies Pvt Ltd, has raised funding from seven angel investors in its seed round of investment. Launched in 2016 Dekkho is a streaming platform that offers curated content sourced from leading content providers from India and abroad.
26/12/2016

Ecommerce startup The Postbox raises funding from Chennai Angels, Others

Chennai-based The Postbox has received an undisclosed amount of funding from The Chennai Angels and others. Ritesh Mehta (head policies, Facebook) and Aruna Ganesh Ram (theatre personality from Bengaluru) also participated in the round. Launched in 2014 the Postbox is a collective of niche product design and digital art from […]
26/12/2016

Fruits and vegetables etailer Freshboxx acquires last mile logistics startup Urmajesty

Karnataka-based fresh fruits and vegetables etailer Freshboxx has acquired Hubli-based last mile logistics startup, Urmajesty. With this acquisition, the startup aims to multiply its revenue by starting business operations in South Karnataka while launching in new cities of North Karnataka.
26/12/2016

Compliance management software startup LexComply raises angel funding

Delhi-based compliance management software startup LexComply has raised INR 50 lakhs from Ajay Relan, co-founder and former managing partner of CX Partners and other unnamed angel investors. The funding will be utilized for enhancing technology and marketing solutions.
26/12/2016

Legal-tech firm MyAdvo raises funding from LetsVenture

MyAdvo, a platform that helps clients connect with lawyers for legal help, has raised an undisclosed amount of angel funding led by Pradyumna Dalmia, co-founder of Calcutta Angels Network, and a few other investors through LetsVenture, a funding platform. MyAdvo, run by MyAdvo Techserve Pvt. Ltd, was started last year […]
26/12/2016

Shadowfax raises $10 Million in Series B from Eight Roads Ventures

On-demand logistics company Shadowfax has raised INR 67 crore ($10 million) as part of its Series B fund-rasing round from existing investor Eight Roads Ventures, the proprietary investment arm of Fidelity International. The company processes close to 30,000 orders per day with an average cost structure of INR 55 per […]
23/12/2016

PayPal to buy minority stake in Freecharge

Global payments platform PayPal Holdings Inc is in the final stages of closing a deal to take a significant minority stake in domestic digital payments platform Freecharge. The deal could see the sale of a 25% stake for around $200 million.
23/12/2016

Exfinity closes second fund at $45 Million to focus on AI, IoT

Enterprise technology-focused venture capital firm Exfinity Venture Partners has closed its second fund at INR 300 crore from a clutch of family offices, industrial houses and high net-worth individuals, including Rakesh Jhunjhunwala, India’s best-known stock market investor. The fund, called Exfinity Technology Fund-Series II, will be invested in artificial intelligence, […]
23/12/2016

Lightbox raises $54 Million expansion fund

Venture capital firm Lightbox has closed a new expansion fund, estimated at about $54 million (about INR 360 crore). With the closure of the new fund, the Mumbai-headquartered investment firm now has over $100 million in its coffers, a significant portion of which is expected to be deployed as it […]
23/12/2016

enKast raises $2 Million from Ivy League Network

Bengaluru-based startup Seamovation Labs has raised a Pre-Series-A round funding round of $2 million for its product named enKast that enables modeling and talent agencies to monitor and optimise available resources in real time. The funding will be utilized to enhance the scalability and quality of enKast’s on demand platform […]
23/12/2016

Japan’s fund places first bet on ShopKirana

Japanese seed-stage investors Incubate Fund has led a bridge round in business-to-business FMCG platform, ShopKirana. The amount of investment is estimated to be between INR 2 crore and Rs 3 crore The Indore based startup helps mom-and-pop stores improve their supply chain by partnering with FMCG brands. Other investors in […]
23/12/2016

Process management startup AsoCon raises funding from Early-stage fund Quarizon

Process management startup AsoCon Outsourcing India Pvt Ltd has raised an undisclosed amount of seed investment from early stage investment firm Quarizon. AsoCon Outsourcing India provides services such as web development, social media operations, and provides feet on street for field work.
23/12/2016

Salon chain operator Bodycraft raises first external funding

Bengaluru-based salon chain Bodycraft has raised its first external round of funding from from Mumbai based M J Shah Ventures, the private investment arm floated by M J Shah Group of Companies. The funding will be utilized to expand beyond Bengaluru and foray into other south Indian markets. A part […]
23/12/2016

DaaS startup Innoplexus raises funding from German VC fund HCS

Innoplexus, Germany- and India-based consulting-led technology and product development firm focused on big data and analytics, has raised an undisclosed amount in pre-Series A funding from HCS, a Germany-based venture capital fund. The funding will be utilized to file more patent applications, develop their trademark platform, iPlexus, and invest in […]
22/12/2016

Test prep app OnlineTyari acquires photo and video sharing platform Plix

Gurugram-based test preparation app OnlineTyari (OT) has acquired Plix, a photo and video sharing platform. OnlineTyari will use Plix’s skill in the field of machine learning and pattern recognition to augment adaptive learning and in creating a more personalized experience on its platform.
22/12/2016

Career counsellor Mindler raises INR 2.2 crore funding

Online platform for career counselling Mindler has raised funding from two of its existing investors. The Delhi-based company uses a platform based on artificial intelligence and machine learning to provide assessment programmes that can help school students decide their career path.
22/12/2016

Ready-to-eat popcorn startup Timla Foods raises funding from Kae Capital

Hyderabad-based Timla Foods, makers of ready-to-eat popcorn sold under the brand “PopiCorn,” has raised undisclosed amount of seed fund from Mumbai-based early-stage investment fund Kae Capital. The funding will be utilized to enhance production capacity and expand to other cities.
22/12/2016

Personal care startup MCaffeine raises $300K angel funding

MCaffeine, a personal care brand, has secured $300k in angel funding from a group of angel investors. The funding will be utilized to expand the product portfolio and supply chain.
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