Archive News

06/10/2016

Ventureast raises $83 Million to mark the first close of tech fund

Early stage investor Ventureast Fund Advisors India Ltd has achieved the first close of its sixth fund—Ventureast Procative Fund II (VPF2). The firm has raised $83 million in the first round of its technology-focused fund that aims to raise $150 million in total. The fund is targeting a final closure […]
06/10/2016

Telemedicine firm Neurosynaptic raises funding from Healthquad, Axilor and IAN

Bengaluru-based health-tech firm Neurosynaptic Communications Pvt Ltd has raised an undisclosed amount in its Series A round of funding from healthcare-focused investment firm Healthquad, Indian Angel Network, and Infosys co-founders backed Axilor Ventures. The funding will be utilized for International Certifications and launch of products. The corpus will also be […]
06/10/2016

Online real estate firm Azuro raises funding from White Unicorn Ventures, others

Mumbai-based Fittr Technologies Pvt Ltd, which runs an online rental property listing and management venture Azuro, has raised an undisclosed amount of seed funding from early stage investors White Unicorn Ventures, Kae Capital, and Mumbai Angels. The funding will be utilized to expand operations across Mumbai and in building technology.
05/10/2016

French co JCB acquires Trica Hair, Home Salon

French firm Jean-Claude Biguine (JCB) has acquired two companies in India named Trica Hair Clinic, hair solutions specialist and home service brand The Home Salon. JCB, a salon and spa chain, expects to double the revenues in three years from these acquisitions. The company’s India turnover is around Rs 65 […]
05/10/2016

Housing finance company Swarna Pragati raises funding from Pramod Bhasin, Vikram Gandhi, others

Chennai-based housing finance company Swarna Pragati Housing Microfinance Pvt Ltd has raised an undisclosed amount from a group of investors including Zephyr Peacock, Omidyar Network, Aavishkar Goodwill in a Series B round. Founded in 2011, Swarna Pragati provides micro-mortgage loans ranging from Rs 50,000 to Rs 7 lakh and water, […]
04/10/2016

B2B E-commerce platform Moglix raises INR 28 crore from existing investors

Ratan Tata backed online platform for businesses to procure finished goods, Moglix, has raised Rs 28 crore from existing investors Accel partners, Jungle Ventures and Seed Plus. Anurag Srivastava, founding and managing partner of Jungle Ventures will be joining the board of Moglix following this round. Catering to the sourcing […]
04/10/2016

Food delivery platform InnerChef raises $2.5 Million funding

Gurugram-based food delivery platform InnerChef has raised a fresh funding round led by Japanese early-stage fund Mistletoe, its maiden investment in India. Singapore-based M&S Partners also participated in the round along with InnerChef ‘s existing investors. The funding will be utilized to build a brand and add more kitchens across […]
04/10/2016

Indian Gifts Portal secures $2 Million from Karamchand group

Indian Gifts Portal (IGP) has raised $2 million in the latest round of funding from the family office of Naveen Arya, one of the three promoters of Karamchand Appliances, and Tarun Joshi, the India director of UK-based private equity firm 3i. The funds will be utilized to develop machine learning […]
04/10/2016

Biocon founder Kiran Mazumdar-Shaw backs cancer startups

Kiran Mazumdar-Shaw has invested around INR 11 crore in Philadelphia and Mumbai-based UE Lifesciences, the developer of an affordable breast cancer screening device.
04/10/2016

World Art Community raises $200k from existing investors

Gurgaon-based Inventive Business Promotions Pvt Ltd which owns and operates online platform World Art Community, has raised a second round of funding of $ 200K from existing investors and more. The funding will be utilized to automate its online platform and expand to new cities across India as well as […]
04/10/2016

Hyderabad-based Nettlinx raises $3 Million from strategic investors

Internet service provider company Nettlinx has reportedly secured $3 Million (INR 20 Cr) in funding from Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC. Following the transaction, the two investing entities have acquired share warrants in the company on a preferential basis and will now work in conjunction with the Hyderabad-based Nettlinx.
04/10/2016

Ratan Tata invests in virtual fitness coaching platform GOQii

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in virtual fitness coaching platform GOQii, US-headquartered with offices in Mumbai and China. Founded in 2013 GOQii provides wearable agnostic app, guidance from global experts, coaching counsel and the ability to support a cause that matter.
04/10/2016

Shopping and savings discover app Scandid raises pre-Series A funding from 3One4 Capital, others

Pune-based shopping and savings discovery app Scandid has secured an undisclosed amount in a Pre-Series A funding round led by Mohandas Pai’s fund, 3One4 Capital. The funding will be utilized to accelerate user acquisition, engagement and monetisation in the next 6-9 months. Also, a part of the money will be […]
04/10/2016

Mobile protection startup AppsDaily raises $3.75m from founders,others

Mumbai-based mobile protection and security firm AppsDaily Solutions Pvt Ltd has raised  INR 25 crore  from founders and existing investors. The funding will be utilized to finance growth plans.
04/10/2016

Payments startup Remitr raises $ 1 Million funding

Cross-border payments platform Remitr has raised $1 Million as Seed funding from Paytm’s Vijay Shekhar Sharma. Other investors too participated in this round. The funding will be utilized for for product development and expansion into other countries.
04/10/2016

Mahindra Holidays picks 12% stake in online gifting platform Giftxoxo

Mahindra Holidays & Resorts India Ltd, which runs time share holiday resorts under the Club Mahindra banner, has invested INR 3 crore ($450,000) to picked a 12% stake in Bengaluru-based Nreach Online Services Pvt Ltd, which operates online gifting portal Giftxoxo. The investment will allow Giftxoxo to curate activities and […]
04/10/2016

B2B marketplace Bharat Bazaar raises funding from BeeNext, Mohandas Pai, others

Mumbai-based White Shadow Technology Pvt Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. Founded in July 2015, Bharat Bazaar is a mobile app connecting buyers and sellers in the wholesale fruits and vegetables supply chain.
04/10/2016

Capillary Technologies acquires Sellerworx

Capillary Technologies which develops omni-channel CRM platform for retail brands has acquired ecommerce services and technology company Sellerworx for an undisclosed amount.
04/10/2016

Speech recognition startup Uniphore raises $ 2 Million funding from IDG Ventures, others

Chennai-based speech recognition startup Uniphore Software Systems has raised $2 million in a bridge round led by IDG Ventures with participation of existing investors, including Indian Angel Network (IAN) and YourNest Angel Fund. The company has worked with over 70 enterprise customers and served over 4 million users. It has […]
03/10/2016

American Express Ventures leads Series C funding for Helpchat

Coraza Technologies Pvt Ltd, which runs Helpchat and OneDirect, has secured a Series C round of funding led by American Express Ventures, the venture investment arm of American Express Co, and existing investor Sequoia Capital. Founded in 2010 Helpchat in its new avatar is an artificial intelligence based platform, while […]
03/10/2016

Oil India announces INR 50-cr startup fund

State-run Oil India Ltd has announced an INR 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. OIL Start-up fund shall focus on promoting entrepreneurship amongst youth, especially of the North East India, by enabling the growth of startups for addressing […]
03/10/2016

Microbrewery Gateway looks to raise $3 Million

Gateway Brewing Co, Mumbai’s first microbrewery, is in advanced talks with investors to raise around $3 million in its Series A round. The funding will be utilized to start bottling operations for distribution of their beer across the country.
03/10/2016

DSGCP plans second close of $40m Fund II soon, to invest in two new consumer deals

DSG Consumer Partners, which is among the rare non-tech early stage investment firms, and focuses on consumer business, is looking to make the second close of its $40 million fund, in the next two months. It is also in  an advanced talks to seal two new deals in India.
03/10/2016

Japanese firm invests INR 33 crore in Mystifly

One of the funds owned by Japanese private equity firm Recruit Holdings has invested $5 million (Rs 33 crore) in Mystifly, valuing the four-year-old airline ticket aggregator at INR 250 crore. My FareBox, the business-to-business global airfare market place owned by Mystifly, will use the money to invest in technology, […]
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