Archive News


Healthcare financing platform LetsMD gets USD1 million top-up from Orios Venture Partners

Healthcare-focused fin-tech startup LetsMD has topped up its pre-Series A funding round with an additional USD1 million from early-stage investment firm Orios Venture Partners.

Delivery startup DailyNinja acquires WakeupBasket

Hyperlocal subscription-based delivery startup DailyNinja has acquired Hyderabad-based WakeupBasket in a cash and equity deal, as the company looks to strengthen its presence in the city.

Techstars accelerator-backed Spoonshot acquires analytics startup Brisky

Spoonshot Inc (formerly Dishq), which predicts consumer tastes and food trends using food science and artificial intelligence, has acquired Hyderabad-headquartered restaurant analytics startup Brisky.

Worxogo raises INR 16.5 crore from Inventus, Ideaspring

Worxogo, a startup that offers a cognitive artificial intelligence (AI) engine to give personalized performance inputs to employees, has raised around INR 16 crore from Inventus Capital and Ideaspring Capital in its first round of funding.

Chip-design testing startup Singularity Dynamics gets VC funding

Singularity Dynamics Pvt Ltd, which tests chip designs using artificial intelligence, has raised funds of INR 4 crore in a seed round led by venture capital firms.

Prime Venture leads Series A funding in security management app myGate

myGate, a mobile-based security management solution for gated premises, has raised INR 65 crore in a Series A round led by existing investor Prime Venture Partners.

Angel investors pump USD 700 k in steel marketplace Virtual Metalstreet

Bengaluru-based steel marketplace Virtual Metalstreet Pvt Ltd said it has raised USD 700,000 in an angel round.

US-based Concept Medical raises USD 60million to boost India, global operations

Florida-based medical device company Concept Medical Inc, which also has operations in India, has raised USD 60 million from the family office of Indian-American cardiologist and entrepreneur Dr Kiran Patel and Pallavi Patel.

Poultry firm Srinivasa Farms plans family office to invest in startups

Srinivasa Farms Pvt Ltd, a poultry company, plans to set up a family office under its delisted group firm Srinivasa Hatcheries Ltd which seeks to invest in startups into allied businesses such as retail, processed foods and agri-businesses.

Alibaba’s payment affiliate invests USD 210 million more in Zomato

Online restaurant discovery and food delivery company Zomato Media Pvt Ltd is raising USD 210 million (INR 1,500 crore) from Chinese e-commerce giant Alibaba Group’s payment affiliate.
12/10/2018 raises pre-series A Round from Japan-based fund

Domestic help provider BookMyBai,com has raised an undisclosed amount of money in its pre-series A round from ARUN Seed, a Japan based social venture fund, besides from other Japanese angel investors.

Fintech firm MobiKwik forays into wealth management, acquires Clearfunds

Fintech startup MobiKwik has made its first acquisition by taking over Mumbai-based wealth management platform Clearfunds for an undisclosed amount.

IIM-A incubator, OmniActive’s Mariwala invest in agri-tech startup Sattvaponics

Agri-tech company Sattvaponics Solutions Pvt Ltd has raised seed funding from the startup incubator of the Indian Institute of Management, Ahmedabad, and OmniActive Health Technologies Ltd founder Sanjaya Mariwala.

Former Google India, Flipkart execs back AI-based matchmaking startup Betterhalf

Betterhalf,ai, an artificial intelligence-powered matchmaking platform, has raised seed funding of USD 500,000 from angel investors including former Google India managing director Shailesh Rao and Flipkart’s former investment director Vinay Subramanian.

India: Future Enterprises acquires 55% stake in fintech startup LivQuik

Kishore Biyani-led Future Enterprises Ltd acquired a 55% stake in Mumbai-based fintech startup LivQuik Technology (India) Pvt Ltd, which operates the QuikWallet mobile app.

Co-working firm Innov8 raises USD 4 million led by Credence Family Office

Shared workspaces start-up Innov8, owned by Guerilla Infra Solutions Pvt Ltd, has raised a USD 4 million pre-Series A round led by Credence Family Office.

Fosun closes deals across sectors; Leads USD 12 million round in LetsTransport

The Shanghai-headquartered company,through its venture capital arm Fosun RZ Capital has led a USD 12 million investment round in intracity logistics venture LetsTransport.

Angel investors write first cheque for digital lending startup RevFin

New Delhi-based digital lending startup RevFin Services Pvt Ltd has secured an undisclosed amount in its first seed cheque from UK-based Harash Jain, chief executive of Litejoy International and Anil K Goyal, founder of Anil K Goyal and Associates.

Alpha Capital plans to invest USD 202 million in Indian consumer-focused firms

Investment management Alpha Capital has received commitments worth INR 1,500 crore from family offices and high networth individuals to invest in Indian companies over the next three to four years.

Beauty products e-tailer Nykaa in talks to raise USD 200 million from SoftBank

Nykaa, the online retailer of fashion and beauty products, is in early talks with Japan’s SoftBank Group Corp. to raise USD 150-200 million

IDG Ventures India becomes Chiratae, to raise USD 300 million for fourth fund

IDG Ventures India, an early backer of online retail startups like Myntra, is planning to raise a USD 275-300 million fund under the new brand and will hit the road later this year.

Swiss impact investor responsAbility bets on organic food exporter Suminter

Switzerland-based responsAbility Investments AG has invested in organic food exporter Suminter India Organics Pvt Ltd

Kalaari Capital invests more in used cars marketplace Truebil

Mumbai-based online marketplace for pre-owned cars Truebil has raised close to USD 1 million in a fresh round of funding from its existing investor Kalaari Capital.

Meesho in talks to raise USD 50 million from Apoletto Asia, others

Social commerce marketplace Meesho is in advanced talks to raise USD 40-50 million in funding led by Apoletto Asia, the personal investment vehicle of DST Global’s Russian billionaire founder Yuri Milner and other partners at the firm.