Archive News

22/08/2016

Torrent loads Puro Wellness with INR 250 Crore

Ruchir Modi’s wellness startup Puro Wellness has raised INR 250 crore from Torrent — the holding company of Gujarat-based conglomerate Torrent Group — in its pre-revenue stage. Torrent has taken a significant stake in Puro Wellness, which aims to develop nutritional supplements that are meal replacements for salt, sugar, spice, […]
19/08/2016

Online classifieds player Quikr India raises $20 Million from Brand Capital

Online classifieds firm Quikr India Pvt Ltd has raised around INR 130 crore from Brand Capital, the private treaty arm of media company Bennett, Coleman and Co Ltd (BCCL). Brand Capital, invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of […]
19/08/2016

Meesho raises funds from Kashyap Deorah, Maninder Gulati, others

Bangalore-based Meesho, which provides online solutions for merchants to sell through social networking platforms as raised an undisclosed amount in an angel round from Kashyap Deorah, co-founder of HyperTrack and author of The Golden Tap, Rajul Garg, founder of Global Logic and Maninder Gulati, chief strategy officer of Oyo Rooms. […]
19/08/2016

IoT startup Briston Technomach nears pre-Series A funding

Briston Technomach Pvt Ltd, a Delhi-based Internet of Things (IoT) startup, is in advanced talks to raise funding from a larger Gurgaon-headquartered industry peer as part of its pre-Series A round. The company plans to raise INR10 crore (nearly $1.5 million) in this round.
19/08/2016

Scale Ventures to buy VC portfolio of early-stage investor Guerrilla Ventures

A new venture capital firm co-founded by Rathi Group scion and former CEO of NDTV’s ethnic apparel e-commerce venture, Scale Ventures, has struck a rare secondaries buyout deal in Indian venture capital space. Scale Ventures, which was floated early this year, has inked an agreement to acquire the portfolio of […]
19/08/2016

Wipro invests $1.5 Million in Israeli cybersecurity startup Intsights

Software services firm Wipro Ltd has invested INR 10 crore In Israeli cybersecurity startup Intsights Cyber Intelligence Ltd. Wipro will get a minority stake less than 20% in Intsights. Intsights provides cybersecurity solutions to organisations and claims to specialise in intelligence-driven solutions. The company offers a subscription-based service to detect […]
19/08/2016

Aspire Systems invests in startup Ziffity

Technology services company Aspire Systems announced investment in Ziffity, a Chennai-based digital agency focused on e-commerce solutions spanning technology, creative design and digital marketing space. The investment is in line with Aspire’s aim of providing e-commerce, digital marketing solutions and strategy consulting for the retail sector.
18/08/2016

Alibaba has held talks to acquire Shopclues; may merge it with Paytm’s marketplace

Chinese internet behemoth Alibaba, which aims to enter the domestic e-commerce market by early next year, has held discussions to acquire online marketplace ShopClues, which is valued at over $1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival […]
18/08/2016

Zerodha’s Rainmatter invests Rs 2.5 crore in e-signing platform Digio

Online discount firm Zerodha has invested through its in-house incubator and fund Rainmatter in financial technology digital signature enabling platform Digio. The funding will be utilized for hiring purposes and for operational activities over the next 12-14 months.
18/08/2016

Farm-produce retailer SunnyBee raises INR 4.5 Crore from CavinKare founder, others

SunnyBee, a Chennai-based farm fresh produce retailer, has raised approx $672K from a clutch of high-profile angel investors, led by personal care products major CavinKare’s founder C K Ranganathan. As per the deal, the company allotted 1,500 0.001% compulsory convertible preference shares (CCPS) at Rs 30,000 each to the investors.
18/08/2016

Exhibition organiser ABEC’s promoters acquire art monetisation portal PosterGully

The promoters of private exhibition organiser Asian Business Exhibitions and Conferences (ABEC) have acquired art monetisation portal PosterGully in a bid to tap the potential of the fast growing e-commerce space in the country. The company, which claims to have shipped out over 600K SKUs in the past three years, […]
18/08/2016

Ecommerce solutions provider Iksula acquires US based software company Blisstering Solutions

Integrated commerce solution provider Iksula has acquired US-based Blisstering Solutions, a software development company. With this acquisition Iksula aims at combining its ecommerce solutions with a range of other software-based solutions provided by Blisstering, strengthening its hold over the worldwide market of retail and end to end services.
18/08/2016

Tech Based Relocation Service Provider Pikkol raises funding from Indian Angel Network

Bengaluru-based relocation service provider Pikkol has raised an undisclosed amount in a funding round led by Indian Angel Network. Pikkol, a packers and movers startup was founded in April 2015. It is a tech-centric relocation service provider where users can generate tailor-made solutions for their needs.
18/08/2016

Early stage VC Stellaris raises $10 Million from SAP for its first fund

Stellaris Venture Partners, an early-stage venture capital firm launched by former Helion Venture Partners executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri, is in advanced talks to secure a $10 million commitment from global enterprise software giant SAP SE. As a strategy, they have been tapping large tech enterprises for […]
17/08/2016

EdTech firm Makkajai raises funding from former Snapdeal CPO

Education technology firm Makkajai has raised $200,000 in its seed round from angel investors Snapdeal‘s former chief product officer and angel investor, Anand Chandrasekaran. Makkajai is building an adaptive learning platform comprising deeply engaging educational games and learning analytics. The company claims that its Monster Math suite of games has […]
17/08/2016

MaalGaadi, ZiPi raise funds from Swan Angel Network

Online logistics marketplace MaalGaadi, an chatbot platform ZiPi, have raised funding from Indore-based Swan Angel Network. While MaalGaadi has raised $375,000 (INR 2.5 Cr) from Swan Angel Network, Sachin Khandelwal and other investors, ZiPi has raised an undisclosed sum from Swan Angel Network alone.
17/08/2016

SoftBank leads $90 million funding in Oyo

Budget hotel aggregator Oyo Rooms is closing a $90-million financing round, split into two tranches, led by its largest shareholder SoftBank. The budget hotel aggregator’s valuation has remained flat at around $400 million, pre-money . Its other investors include Sequoia Capital and Lightspeed Venture Capital, among others.
17/08/2016

Edtech startup Gradopedia raises seed round

Mumbai based ed tech startup Gradopedia has raised an undisclosed round of seed funding from investors in Dubai. Gradopedia is a career discovery platform and was part of the first batch of startups housed at Pune based edtech accelerator, Edugild. The funding will be utilized to build internal capabilities in […]
17/08/2016

Hike raises $175 Million from Tencent, Foxconn; joins $1-billion club

Hike Messenger has raised $175 million in a fresh round of funding led by Tencent Holdings and Foxconn Technology Group, joining the coveted ‘unicorn’ club of startups. The company would be investing in services, people, office space as well as some long term bets in areas of machine learning and […]
17/08/2016

Mobile security company Appknox raises INR 4.3 crore from SeedPlus

Mobile security company Appknox has raised about $875K  in a bridge round from Singapore-based venture capital firm SeedPlus.  As part of the funding arrangement, Bengaluru-based Appknox will be partially working out of Singapore. The company, which analyses mobile app security on the cloud, has among its clients major ecommerce and […]
16/08/2016

Supermarket chain Daily Delite acquires Delhi-based farm e-tailer

Daily Delite India Pvt Ltd, which runs three supermarkets in the national capital of Delhi, has acquired Delhi Mandi, a fresh fruits and vegetables e-tailer for an undisclosed amount. The deal will help Daily Delite increase its B2C sales.
16/08/2016

Raw meat e-tailer Zappfresh raises fresh funding

Gurgaon-based DSM Fresh Foods Pvt Ltd, which runs online startup Zappfresh to sell raw meat and associated ready-to-eat products, has raised an undisclosed amount in fresh funding mainly from Indian Angel Network investor Ashvin Chadha and a Mumbai-based affluent individual from the hospitality sector. The funding will be utilized to […]
16/08/2016

Ecommerce marketplace Salebhai.com raises INR 10 crore from Brand Capital

Ahmedabad-based curated ecommerce marketplace for sweets, dry fruits and handicrafts, Salebhai , has raised INR 10 crore in funding from Brand Capital. Launched in September 2015 Salebhai is a one-stop ecommerce marketplace for regional products, a list that includes, sweets, namkeen, chocolates, bakery items, spices, dry fruits, beverages, and pickles. […]
15/08/2016

UrbanClap acquires hyperlocal app GoodService

Hyperlocal startup Urban Clap has acquired Delhi-based concierge start-up GoodService. It is currently working on merging the operations. The acquisition is an all-cash deal.
Top