Archive News

29/08/2016

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 […]
29/08/2016

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.
29/08/2016

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 […]
29/08/2016

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.
29/08/2016

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 […]
29/08/2016

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.
29/08/2016

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 […]
26/08/2016

ConveGenius

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 […]
26/08/2016

Postman, a startup which delivers solutions to manage application programming interfaces

Founded by Abhinav Asthana and Ankit Sobti, Postman engaged in catering to the problem of managing APIs, or application programming interface, which is a piece of code that allows a software to talk to another software
26/08/2016

Discovery platform NearFox secures seed funding

Mumbai-based NearFox, a local lifestyle content and discovery platform, has raised an undisclosed amount of seed funding from a clutch of investors, including Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain, and Craftsvilla Products VP Arpan Nagdeve; and with the infused capital […]
26/08/2016

Snapdeal receives $21 million from Luxembourg’s Clouse SA

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has received more than $21 million as part of its previously announced funding round from Luxembourg-based firm Clouse SA
26/08/2016

A year after launch, Flipkart’s Growth Capital programme crosses Rs 125-cr mark

Flipkart have disbursed loans worth over Rs 125 crore to more than 800 sellers in the year since it launched the Growth Capital programme; through its tie-ups with eight financial institutions for the financing initiative which offers collateral-free loans
26/08/2016

Help us Green spreads the Scent down the Ganges

Kanpur-based startup Help Us Green, which converts flower waste collected from temples and mosques into patented organic manure and scent sticks, plans to cover more cities along the Ganges to do its bit to reduce river pollution
26/08/2016

Indian fintech investments 2nd largest in Asia-Pacific at $339 mn

Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China
25/08/2016

Urban Ladder raises $3 million venture debt from Trifecta Capital

Online furniture store Urban Ladder Home Décor Solutions Pvt Ltd has raised $3 million in venture debt from Trifecta Capital, joining a growing breed of start-ups which, after raising substantial funds during the funding boom last year, are seeking venture debt to meet their working capital requirements amid the current […]
25/08/2016

Witworks raises seed funding from Fireside Ventures, Investopad

Bengaluru based, Think Innoventions Pvt Ltd that operates under the brand Witworks, received an undisclosed amount of seed funding, led by Fireside Ventures, Investopad, P39 Capital along with a group of angel investors including Anupam Mittal (Founder, Shaadi.com), Pranay Jivrajka (COO, Ola), Maninder Gulati (CSO, OYO Rooms), Abhinav Sinha (COO, OYO Rooms), […]
25/08/2016

Maini Precision gets private equity funding from Paragon Partners; skips IPO

Private equity firm Paragon Partners and unnamed co-investors have invested Rs 111 crore ($16.5 million) in Bangalore-based manufacturer and supplier of high-precision engineering components Maini Precision Products Pvt Ltd
25/08/2016

IFC to invest $125 mn in Hero Future Energies

International Finance Corporation plans to make an equity investment of up to $125 million (Rs 840 crore) in Hero Future Energies Pvt Ltd; and the proceeds will be used to fund the construction of solar and wind power plants
25/08/2016

Delhi-based ShaadiSaga raises pre-series A funding from ah! Ventures, Anupam Mittal and others

Delhi-based online wedding services marketplace ShaadiSaga has raised an undisclosed amount of funding as a part of its Pre-Series A round from ah!Ventures, Anupam Mittal (People Group), Kunal Shah and Sandeep Tandon (Freecharge.com), Dheeraj Jain (Redcliffe Capital), Rohit Chokhani (White Unicorn Ventures); with the fund infusion towards increasing partnerships base, building technologies, ensuring better […]
25/08/2016

Quikr Services makes its second acquisition in the beauty and wellness space, nabs Zapluk

Quickr Services has acquired on-demand beauty and wellness services provider Zapluk for an undisclosed amount and with this acquisition, Quikr services will now expand its beauty services brand AtHomeDiva and offer a full range of on-demand home beauty services to consumers in multiple cities including Bengaluru, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad
25/08/2016

IoT entrant Beyond Evolution secures seed funding

Beyond Evolution, a mobile app development and IT Solutions company, has secured seed funding from angel investors, including Vineet Taneja, former Micromax CEO, and Kamal Puri, Chairman of Skyline Group; with the fresh capital deployed towards its newly launched IoT platform BeConnected and a slew of smart home devices that will […]
25/08/2016

NephroPlus bags Rs 100cr in series-C funding to fuel expansion plans

Healthcare player Nephro Plus has raised Rs 100 crore in Series-C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC); and the capital will be used to meet the growing need for kidney disease management services and expansion of their operations
25/08/2016

Ed-tech startup ConveGenius raises Rs 6 cr funding from the Michael & Susan Dell Foundation

India and Singapore-based ed-tech startup ConveGenius received funding of Rs 6 crore in an equity investment from the Michael & Susan Dell Foundation, and will use the capital for scaling its operations, aggregating more exciting content providers across various languages, and further strengthening its technology
25/08/2016

After raising $15M, CureFit invests $3M in Bengaluru-based fitness startup CULT

Mukesh Bansal and Ankit Nagori’s startup CureFit announced that it will be investing $3 million in Bengaluru-based startup CULT and they will own a majority stake in the startup, but CULT will continue to operate independently
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