Archive News


Media startup ScoopWhoop acquires Touchfone Technologies

Media startup ScoopWhoop has acquired Touchfone Technologies for an undisclosed amount in a cash-and-stock deal. As part of the deal, Touchfone Technologies cofounders Mahesh Subramanian and Brahmayya Akella will be appointed as ScoopWhoop’s chief technology officer and chief integration officer respectively. 

Emerald Media leads $35 Million funding in geo targeted advertisement startup Amagi Media Labs

Private equity firm KKR-backed investment platform, Emerald Media, has led $35 million in Series D round of funding in cloud-based geo-targetted ad firm, Amagi Media Labs. Premji Invest, the investment handle of existing investor, Azim Premji also participated in the round. The funding will be utilized to enhance R&D efforts […]

TripShelf raises INR 1.6 Crore in Pre-Series A funding from GEMS Advisory And Quarizon

Online travel marketplace for holiday bookings Tripshelf has raised Pre-Series A funding in a round led by GEMS Advisory and early stage VC fund Quarizon. The platform allows customers to compare data from independent travel operators listed on the online marketplace under a single web screen and further, once selected, […]

Healthcare services platform Practo acquires healthcare analytics firm Enlightiks

Healthcare services platform Practo Technologies Pvt Ltd has acquired Enlightiks Business Solutions Pvt Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computational platform called Querent and uses big […]

E-commerce enabler Shopmatic acquires 5X Ruby

Singapore headquartered Shopmatic which helps small businesses sell online using the do-it-yourself platform has acquired 51% in 5X Ruby at an undisclosed valuation in a mixed cash and equity deal.  

Epsilon Venture leads $23 Million round in Pi Datacenters

Pi Datacenters Pvt Ltd, which provides data centre and cloud services, has raised INR 154 crore ($23 million) from Epsilon Venture Partners and an Australian private equity group in a Series A round of funding. The funding will be utilized to roll out its first few data centres across India.

Mobile analytics platform MoEngage raises funding from Facebook exec Anand Chandrasekaran

User analytics and engagement platform MoEngage, run by MoEngage India Pvt Ltd, has raised an undisclosed investment from Facebook executive Anand Chandrasekaran. The MoEngage platform helps internet companies deliver personalised interactions via push notifications, in-app recommendations, email, web-push and other communication channels, driving engagement.

Discount broking startup TradingBells raises INR 2 Crore Seed Funding

Indore-based discount broking company TradingBells has raised INR 2 Crore in a Seed Funding round led by Mumbai-based stock broker Swastika Investmart Ltd. The funding will be utilized for hiring talent, expanding office infrastructure, technology up gradation, and customer acquisition.

Online pharmacy platform 1mg acquires online consult platform MediAngels

Bright Lifecare, which owns and operates online pharmacy platform 1mg, has acquired Mumbai-based MediAngels, for an undisclosed sum. The acquisition marks the Sequoia Capital-backed company’s entry into the lucrative super speciality consultations, corporate health services and insurance partnerships.

Digital entertainment startup Pocket Aces raises INR 20 Crore

Mumbai-based digital entertainment startup Pocket Aces has raised $3 million (about Rs 20 crore) in a funding round that was led by venture capital firm Sequoia Capital India and included North Base Media, Aarin Capital, Axilor Ventures and Freecharge founders Kunal Shah and Sandeep Tandon. The company has already built […]

Drone maker ideaForge raises funding from Infosys

Infosys Ltd, India’s second-largest software services exporter has invested in homegrown drone maker ideaForge Technology Pvt Ltd. The investment was made from the Innovation Fund in a stock-exchange filing. ideaForge has built Unmanned Aerial Vehicles (UAV) that have been widely deployed by the Indian armed forces for surveillance, crowd monitoring […]

Traveltech startup Qacco raises $150K in Angel Funding

Gurgaon-based travel-tech company, Qacco Hospitality Pvt Ltd, has raised $150,000 in an angel round led by Lead Angels Network (LAN). The funding will be utilized to develop Qacco’s technology and team.

FitMeIn raises pre-Series A funding from Japan’s FiNC

FitMeIn, which provides users access to fitness studios and gyms on a subsidized monthly package, has raised an undisclosed amount from Japanese digital healthcare company FiNC in pre-Series A round. The startup is an online platform that offers multi-studio membership to premium fitness workout destinations in New Delhi and Mumbai.

Ad tech company Mogae Media acquires Ngage from Nimbuzz

Ad tech company Mogae Media, has acquired Ngage, the ad tech platform of Nimbuzz, in an all-stock deal valued at INR 40 crore. Ngage is a cross device ad platform and counts most large agencies like Group M, OMD, IPG and others as its clients.

Real-time cardiac monitoring company ten3T raises INR 1.65 Crore from pi Ventures,others

Real-time cardiac monitoring company ten3T has raised funding from angel funds including pi Ventures to beta test its first device. Ten3T, founded by a team of physicians and biomedical engineers, builds wearable medical devices that collect and integrate medical data in real time.

FITPASS raises $1 million in seed funding

All-access pass to gyms and fitness studios FITPASS has raised $1 million in a seed round from Mumbai Angels and a consortium of Delhi and Bangalore-based angel investors. The funding will be utilized to expand the assistance-oriented service segment that requires customisation and enhancement for each individual user.

Pune startup Serv’d gets $1 lakh grant from Bill and Melinda Gates Foundation

Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganized sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. Serv’d is a peer-to-peer platform, a house management system, that allows users to manage […]

Online freight service marketplace Comet raises funding from India Quotient,others

Mumbai-based Hyperflux Solutions Pvt Ltd, which operates Comet, an online marketplace for international freight services, has raised an undisclosed amount in a pre-Series A funding round led by early stage investment firm India Quotient.The funding will be utilized to build the team, technology and enhance market penetration.

HR analytics startup inFeedo raises $200K in angel round

HR analytics startup inFeedo has raised funding of $200K from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal. The funding will be utilized to meet the growing demand and scale across India with plans to hit the international market in 2017.

Online B2B commerce company OfBusiness raises INR 75 Crore

Online business-to business commerce company OfBusiness has raised INR 75 crore in a round led by Zodius Technology Opportunities Fund with participation of existing backer Matrix Partners India. OfBusiness started operations in January and has expanded its operations to five states or 10 clusters, focusing on the manufacturing and construction […]

Fintech startup Indifi Technologies raises $10 Million in funding round led by Omidyar Network

Data-driven, fintech startup Indifi Technologies has raised $10 million in a fresh round of funding, which was led by Omidyar Network. Indifi, which was launched last year focuses on the vastly underserved micro, small and medium enterprises segment.

Huzaifa Khorakiwala to launch an angel fund to support healthcare companies

Huzaifa Khorakiwala, executive director at Wockhardt and part of the promoter family of the group, will launch a healthcare-focused angel fund ‘Health Passion Fund’ with a corpus of INR 125 crore, to support startups in the field of healthcare.

Cold-pressed juice startup Juice Up raises pre-Series A funding

Fresh Food Concepts Pvt Ltd, which sells cold-pressed juices under the Juice Up brand, has raised $2 million in a Pre-Series A round of funding led by angel investors Siddhartha Gupta and Ashvin Chadha. The funding will be utilized to upgrade production facility and enhance sales and distribution network.

Hindustan Foods raises funding from VC firm Sixth Sense

Consumer-focused venture capital firm Sixth Sense Ventures has picked up around 16% stake in Hindustan Foods Ltd (HFL), a public-listed company for INR 8 crore. HFL which is owned by Vanity Case Group and Dempo group of Goa, makes PepsiCo Inc’s Kurkure snack brand. The company also manufactures foods for […]