Archive News

09/08/2016

Indian Angel Network plans to raise $22 Million early stage fund

Indian Angel Network (IAN), one of the largest angel investor networks in the country, is raising an early-stage fund of around INR 150 crore to co-invest along with its angel network. Founded in 2006 IAN has more than 400 members.
09/08/2016

Department of Science and Technology launches INR 100 crore programme to support startups

The Department of Science and Technology has launched a INR 100-crore programme to support startups. The programme, called National Initiative for Developing and Harnessing Innovations (NIDHI), is aimed at helping startups across the country in terms of both funding and incubation support. The department provides the seed amount per startup […]
08/08/2016

AngelList Starts Exploring Indian Startup Ecosystem; Appoints Utsav Somani As Advisor

AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has finally entered India. It has appointed Utsav Somani (previously working with LetsVenture) as an Advisor to spearhead its operations in the country.
08/08/2016

US based startup 8TV raises $500K funding from Redcliffe Capital, Others

8TV, a San Francisco based startup, has raised $500K  from RedCliffe Capital Managing Partner Dheeraj Jain, Google executive Tidhar Carmeli, and AngelPad’s Thomas Korte. Tech giant Amazon has also invested about $100K (INR 66 lakh) worth of AWS services credit in the company, according to an official statement.The funding will […]
08/08/2016

Community services Zipgrid gets $200,000 equity financing from 1Crowd

Community services platform Zipgrid has raised $200,000 in equity financing from 1Crowd, an ecosystem for startups. Zipgrid community solutions aim to optimise costs, through its commerce solutions and is now looking to expand its footprint and invest in strengthening technology and operations.
08/08/2016

Adtech startup AdPushup raises Series A investment from Geniee, Purvi Capital

US-based adtech startup AdPushup has raised an undisclosed amount in its Series A investment round led by Geniee Inc whose major shareholders include Softbank Group Corp. Purvi Capital and existing investors also participated in the funding round. As a part of the investment, the company would be extending services to […]
08/08/2016

Airbnb files to raise $850 million at $30 billion valuation

The home-sharing company Airbnb Inc is raising $850 million, according to a disclosure filed with the state of Delaware.  The equity round values the San Francisco-based company at $30 billion, people told Bloomberg in June. The private stock market company Equidate provided Airbnb’s July 28 filing.
08/08/2016

Naspers set to acquire Citrus Pay; deal expected between INR 1,000 crore-1,200 crore

South African Internet and media conglomerate Naspers is in the final stages of acquiring Citrus Pay, valuing the payments platform at INR 1,000-1,200 crore in one of the largest deals in India’s financial technology startup space. The all-cash deal is expected to close by the end of this month or […]
08/08/2016

Travel startup VST Travels raises $27K funding from Promatus

VST Travels, a Kerala-based travel startup has raised about $27K funding from a Dubai-based Promatus Group. It has received the funding within six months of launching its operations. The funding will be utilized to develop and market its application called VehicleST.
08/08/2016

Test prep platform OnlineTyari close to raising $5 Million from US-based fund

Test preparation platform OnlineTyari is close to raising $5 million in a Series A round from US-based funds by the end of August. They are in talks with an international fund in the education domain, which can give them better access to knowledge and other investors in their sector. OnlineTyari, […]
08/08/2016

Microlender Chaitanya Rural raises $7 Million from Equator, others

Bangalore based Chaitanya Rural Intermediation and Development Services Pvt Ltd has raised Rs 47 crore ($7 million) from a fund managed by private investment firm Equator Capital and other investors. The funding will be utilized to expand its branch network in states where it already operates and enter the northern […]
08/08/2016

NDTV’s e-com marketplace for art discovery Mojarto raises $445K

NDTV’s e-commerce marketplace for art discovery Mojarto has raised Rs 3 crore ($445,000) in its first round of funding from undisclosed investors. The funding came through NDTV’s subsidiary OnArt Quest Ltd. Mojarto claims to be the first in India to launch an organised platform for both buyers and sellers. The startup […]
05/08/2016

Indoor skydiving equipment maker Wefly secures funding from Swastika Company

Mumbai-based Wefly Indoor Skydiving LLC, which manufactures axial fans for indoor skydiving equipment and is also into developing and promoting activities related to aerosports, has secured an undisclosed amount in investment from Hong Kong-based investment firm Swastika Company Ltd. The funding will be utilized for fabrication and assembly of machinery. […]
05/08/2016

LetsVenture’s Manish Singhal launches new venture fund

LetsVenture founder Manish Singhal is floating an early stage venture fund called Pi Ventures with entrepreneur Umakant Soni. It will make focussed investments in startups operating in sectors such as internet of things, drones, machine learning, artificial intelligence, and electronic and hardware products.
05/08/2016

Tricog Health raises funds from Inventus, Blume Ventures, others

Bengaluru-based Tricog Health Services Pvt Ltd has raised an undisclosed amount in a Series A round from Inventus Capital Partners, Blume Ventures and a group of angel investors. The funding will be utilized to enhance technology. Founded in January 2015 Tricog has built add-on hardware for ECG (electrocardiography) machines that […]
05/08/2016

Sports startup Leh Leh Sports raises angel funding from Anglian Omega chief

Leh Leh Sports has raised an undisclosed amount of funding from Sunny Narang, chairman of Anglian Omega Network, in a personal capacity. This is a strategic investment for them as they are trying to grow their venue collaborations model. In this model, there is a gestation period for getting a […]
04/08/2016

Gaia Smart Cities raises $300,000 from angel investors Devang Mehta, Sandeep Shetty

Gaia Smart Cities, a venture by former Reliance Jio president and chief information officer Sumit Chowdhury, has raised $300,000 from angel investors Devang Mehta and Sandeep Shetty. The funding will be utlized for product development targeted at smart city initiatives, and demonstrations and pilots for various clients.
04/08/2016

Axilor Ventures plans to invest in 15 startups this financial year

Bangalore-based Axilor Ventures on Wednesday said it plans to invest in 12-15 start-ups in the current financial year. Axilor offers three platforms—early stage venture capital funding, scale up and accelerator programme.
04/08/2016

Ratan Tata to set up venture capital fund

Ratan Tata in partnership with the University of California, is setting up a venture capital fund with a corpus of around $100-150 million. They are looking at investments in the ticket size of around $10-15 million. However, initially they are also looking at writing smaller cheques of around $5 million.
04/08/2016

Israeli cloud solutions firm Cloudyn raises $ 4 Million from Infosys

Infosys Ltd has invested $4 million in Israel-based cloud monitoring solutions startup Cloudyn Software Ltd. The transaction will be completed this month, Infosys said in a stock-exchange filing on Wednesday. The company will get an undisclosed minority stake in Cloudyn. The startup which was founded in 2011, enables enterprises to […]
03/08/2016

Food-tech startup Petoo raises $500K from existing investors, HNIs

Bangalore-based food-tech startup Petoo, owned and operated by Kinematic Foodtech Pvt Ltd, has raised $500,000 from its existing investors and high-net-worth individuals (HNIs) through online deal-making platform LetsVenture. The funding will be utilized for ongoing food research initiatives and to roll out its new products across the country.
03/08/2016

Film discovery app Flickbay raises INR 6 Crore in seed funding

Film discovery app Flickbay, backed by actor and movie director Farhan Akhtar, has raised $890,000 (about Rs 6 crore) in seed funding from Paul Roy, chairman of Dubai-based Riva Digital. The platform provides news, trailers, songs, reviews, ratings, box office collections and information about movies playing in theatres and on […]
03/08/2016

Startup2day Expo 2016

Startup2day Expo is an influential business platform designed to connect entrepreneurs, investors and other key players in the eco-system. For most entrepreneurs, fund raising is perhaps the biggest business hurdle to cross in the journey towards establishment, growth and success. Startup2day Expo strives to make this journey easier by enabling […]
03/08/2016

Entrepreneur India 2016

In its 6th Annual edition, Entrepreneur India 2016 will be bringing together selected leading Entrepreneurs, Start-ups, Investors, Indian Government officials and rest of the world to engage on multi-faceted demands of entrepreneurship across 6 parallel summits ranging from money summit to society summit. The highlight of the show will be […]
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