Archive News


Quikr acquires home services startup Zimmber in $10 Million all-stock deal

Online classifieds company Quikr India Pvt Ltd has acquired home services start-up Zimmber (Rejuvenate Solutions Pvt Ltd) for about $10 million in an all-stock deal, in the attempt to strengthen its position in the segment. Mumbai-based Zimmber is Quikr’s fourth acquisition in the home services vertical in the last 12 […]

Beenext-backed Healthians secures funding from Japan’s Asuka

Healthians, a diagnostics and wellness startup, has secured an undisclosed amount of funding from Japanese firm Asuka Holdings. Last October, Healthians received $3 million in Series A round led by Singapore-based Beenext in which Digital Garage, Beenos and some other undisclosed investors also participated.

Natural food startup ONTHERUN gets funding

ONTHERUN, a natural food startup run by Stayfit Enterprize Pvt Ltd, has received an undisclosed amount of funding from actor and fitness icon Milind Soman. ONTHERUN energy bars are currently available in six variants – fig & sate, caffeine rush, prune & raisin, hazelnut magic, ginger crunch, oats and apricot.

Brinton raises $4 million from Tata Capital

Brinton Pharmaceuticals, which provides healthcare products and services for various therapeutic segments, has raised $4 million from Tata Capital Healthcare Fund, as the firm looks to enter into newer areas such paediatrics and gynaecology and expand its international operations.

Ola raises $104 Million more from Falcon Edge, Ratan Tata fund

Cab-hailing firm Ola, operated by ANI Technologies Pvt Ltd, has raised INR 670 crore in a fresh round of funding from Falcon Edge Capital and Ratan Tata’s RNT Capital Advisers. The latest funding round takes the total Ola has raised so far to $1.5 billion.

Realty-tech startup ZippServ gets seed funding

ZippServ, an online platform that provides risk assessment services for real estate investments, has raised USD 390,000 from a clutch of investors. The Bengaluru-based startup, run by Ideaclicks Infolabs Pvt Ltd, provides advisory services related to legal, technical and civil engineering due diligence, and frauds related to property titles.

Ventureland Asia sets aside $10m for startups

Creativeland Asia head Sajan Raj Kurup has set up an investment firm to back emerging brands and startups. The firm, Ventureland Asia, has set aside about $10 million till date which will be equally distributed between the investment firm’s bridge fund and marquee fund.

Venture Catalyst, others invest in campsite aggregator

REAPRA Ventures, a Japanese early-stage investor, has made its Indian debut by investing in Deyor Camp, a campsite aggregator. REAPRA Ventures along with Venture Catalyst and a few HNIs have made an undisclosed amount of funding in the firm, picking up a 5% stake in total.

Logistics startup Fortigo raises $10 Million Series A from existing investors

Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani. Bengaluru-based Fortigo had raised about $2 million in seed funding from both Nilekani and Accel at the time of its launch.

Krungsri launches $30 Million VC fund to invest in fintech firms

Thailand’s fifth largest financial group Krungsri has launched a $30-million venture capital fund to invest in financial tech startups in 2017-19. It is considering the best options for both direct investment in Thai potential startups and investment in fintech startup funds in Thailand and overseas with a $30-million capital budget.

Parkpine Capital to launch $50 Million debut fund by this fall, to invest in 3 SEA firms

Newly founded California-based venture capital firm Parkpine Capital is set to launch its debut $50-Million seed fund and seal at least three deals by September. It is looking at investing in technology startups from Southeast Asia.

H’bad Angels puts $1.5 Million in Innovapptive

Enterprise mobile software startup Innovapptive has raised fresh funding from Hyderabad Angels. The startup intends to use the funds raised to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition.

Fin-tech startup SMEcorner raises bridge funding from Dutch fund

Mumbai-based digital lending platform SMEcorner has raised a bridge round of funding from a Dutch government fund.

EuroKids acquires firm behind Billabong High, Kangaroo Kids schools

EuroKids International Pvt Ltd has bought Kangaroo Kids Education Ltd in the biggest known acquisition in the schools business in India.

Ed-tech startup Qriyo raises funds from investor Neelesh Bhatnagar

Jaipur-based Qriyo Infolabs Pvt Ltd, which runs home tutor provider Qriyo, has raised an undisclosed amount in Series A funding from Dubai-based investor Neelesh Bhatnagar’s NB Ventures. The company will use the funds to expand operations to Chandigarh, enhance offerings for personalised competitive exams preparation and get more tutors on […]

UiPath raises $30 Million Series A led by Accel

UiPath, the Robotic Process Automation (RPA) software company, has raised a Series A investment of $30 Million led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. The funding will be used to accelerate the company’s global expansion and product development.

Gaming portal raises $73.7 Million from Clairvest Group, others

Hyderabad-based game development company Head InfoTech India Pvt Ltd, which operates online gaming firm Ace2Three, has raised INR 474 Crore in a fresh round of investment led by Canadian private equity firm Clairvest Group.

Accel Partners books $750K appointment with healthcare startup

Mumbai-based health content platform Sepalika has raised $750,000 in its seed round led by Accel Partners. The platform, which supports those looking to reverse chronic health conditions through guidance on lifestyle, dietary supplements, and exercise aims to use the fresh capital infused to further build on its research-based content and […]

Cross Border Angels invests in ed-tech startup eShiksa

Jaipur-based eShiksa, an education management portal, has raised an undisclosed amount from Cross Border Angels & Experts (CBA; previously Cross Border Angels), an international angel network. The funding will be utilized for for geographical expansion, customer acquisition and operational ramp-up.

Former Religare CEO Shachindra Nath backs fintech startup MintWalk

MintWalk, a robo-advisory platform for financial solutions, has raised funding from Poshika Financial Ecosystem Pvt Ltd, an investment platform set up by former chief executive officer of Religare. MintWalk aims to provide financial solutions to help users reach their goals.

Education solutions firm iNurture raises $1.5 mn from BlackSoil

iNurture Education Solutions Pvt Ltd, a higher education solutions provider, has raised INR 10 crore in venture debt from Mumbai-based non-banking financial company BlackSoil Capital Pvt Ltd.The funds will help the company meet its working capital requirements and focus on its ongoing and fresh business initiatives.

SaaS startup Autobix raises seed funding

BNT Autosoft Pvt Ltd, which runs auto dealership and workshop management platform Autobix, has raised seed funding from UK-based auto parts maker GardX International Ltd in return for a 25% stake. The funding will be utilized to scale up its back-end, upgrade its network, cloud and server, and to focus […]

Mobile gaming startup Mech Mocha raises INR 32 Crore

Mobile gaming startup Mech Mocha has raised $5 million (about INR 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. The funding will be utilized to develop games in the casual and mid-core game […]

Warburg-backed Kalyan Jewellers to acquire e-commerce player Candere

Kerala-based Kalyan Jewellers is acquiring online jewellery firm Candere to augment its presence in the e-commerce segment. Candere was set up in 2013 and sells jewellery online in India, the US and the UK and has a portfolio of over 4,000 designs, including a strong offering in the diamond segment.