Archive News

01/08/2016

Fintech startup EarlySalary.Com to raise $ 6 Million

EarlySalary, a fintech startup that offers personal loans, will raise $5-6 million in the coming months as it looks to expand its presence across cities like Hyderabad, Visakhapatnam and Jaipur.The Pune-based firm offers loans ranging from Rs 10,000 to Rs one lakh for a tenure of 7 to 30 days, […]
01/08/2016

Healthcare-focused Fulcrum Ventures India to raise up to $120 Million new fund

Pharmaceuticals and healthcare-focused private equity (PE) firm Fulcrum Venture India is planning a third fund which could attract as much as INR 700-800 crore. The firm is currently working on registering the new fund with the Securities and Exchange Board of India (Sebi), and the process is expected to be completed […]
01/08/2016

Indian gadget servicing startup Repaireasy raises seed funding

Pune-based online gadget servicing startup Repaireasy has raised a round of  around $250,000 as seed funding from a consortium of investors. The funding will be utilized for marketing, hiring and technology.
01/08/2016

Healthkart raises $12 Million from Sequoia, Kae Capital in Series E round

Online health products vendor Healthkart, owned by Bright Lifecare Pvt Ltd, has raised INR 80 crore in a Series E round of funding from existing investors Sequoia Capital India and Kae Capital among others, documents with the Registrar of Companies showed. The funding will be utilized to enhance marketing initiatives […]
01/08/2016

Healthcare startup Medinfi raises $200K from angel investors

Bangalore-based Medinfi Healthcare Pvt Ltd, a pure-play platform for searching doctors and hospitals through web and mobile app, has raised $200,000 in its fifth round of angel funding. The company plans to use the fresh capital to grow its user base 10 times to 5,00,000 by March 2017 by expanding […]
01/08/2016

Fashion marketplace Voonik gets $3 Million debt financing from InnoVen Capital

Voonik Technologies Pvt Ltd, operator of an eponymous fashion marketplace, has raised $3 million (Rs 20 crore) in venture debt financing from InnoVen Capital. The capital will be utilized for marketing, especially via television commercials.
01/08/2016

Solar energy firm Freyr close to raising seed funding

Hyderabad-based solar power services provider Freyr Energy Services Pvt Ltd is in advanced stages of discussions to raise its seed round of funding from a high-profile European investor to support its expansion plans. The company is raising Rs 5 crore ($745,000) from a Dutch government-controlled fund mainly to install solar […]
01/08/2016

Book Launch

VCs are from Venus, Entrepreneurs are from Mars by Shubhankar Bhattacharya, Investment Professional at KAE Capital. The book, released on the Juggernaut app, captures the basic understanding of the relationship between entrepreneurs and VCs who need each other to complete the purpose of their existence. As much as the two […]
29/07/2016

Book Launch

VCs are from Venus, Entrepreneurs are from Mars by Shubhankar Bhattacharya, Investment Professional at KAE Capital The book, released on the Juggernaut app, captures the basic understanding of the relationship between entrepreneurs and VCs who need each other to complete the purpose of their existence. Read More
29/07/2016

Swastika Company backs on-demand laundry startup HelloDhobi

Pune-based HelloDhobi Dry-Cleaners Pvt Ltd, which operates on-demand laundry startup HelloDhobi, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd and some Mumbai-based affluent individuals. The funding will be utilized to expand operations in Pune and hire staff across verticals.
29/07/2016

Social marketplace GoCoop raises funding from Kris Gopalakrishnan, Saha Fund

GoCoop Solutions and Services Private Limited which runs social marketplace for cooperative enterprises GoCoop has received investment worth $830,000 from former Infosys vice-chairman Kris Gopalakrishnan and Saha Fund. Launched in early 2012, GoCoop.com’s or Global Collabration Platform for Cooperatives’ marketplace acts as an aggregator of listed enterprises. It is a […]
29/07/2016

Machine learning platform Neuron raises $200k and launches a NLP developer platform

Delhi based Neuron, a machine learning platform for text analysis  has raised an angel round of $200,000 led by Harvinder Bhatia, CFO Netmagic and founder of Radiowalla. The funding will be utilized for R&D in machine learning and Natural Language Processing and for hiring talent.
29/07/2016

Business communication platform AppSay raises seed funding of $150,000 from Venture Catalysts

AppSay, a business communication platform, has raised seed funding of $150,000 from Venture Catalysts in an investment round led by Shreyans Shah and Mayank Shah of Toyochem Laboratories. AppSay is a customer engagement platform that helps protect customer information of businesses and also the privacy of users.
29/07/2016

Healthtech startup Tiyo raises $120K In seed funding

Kolkata-based healthtech startup, Tiyo, run by Labsense Technology Services, has raised $120K in angel funding from veteran entrepreneurs from Middle East including Anish K & Ajith Nair, CEO iAdepto Global.The funding will be utilized to further develop patient care technology and consolidate sales efforts. The startup plans to foray into […]
29/07/2016

Oracle acquires cloud pioneer NetSuite for $9.3B

Oracle has acquired NetSuite, the first cloud company,  in a cash deal, which works out to roughly $109 per share.Founded in 1998, NetSuite pioneered cloud computing technology and helped businesses in exploring the then uncharted internet by providing various applications.
28/07/2016

B2B platform MaxWholesale raises funding from Maple Capital Advisors

MaxWholesale, a data-driven B2B commerce and supply chain platform, has raised an undisclosed amount of funding led by Maple Capital Advisors’ startup accelerator platform. The funding will be utilized to scale up its operations and enhance technology.
28/07/2016

Snapdeal ties up with Uber to offer cab booking on app

Online marketplace Snapdeal (Jasper Infotech Pvt Ltd) has tied up with ride-hailing service Uber Inc to enable cab booking on its app. Now, Snapdeal consumers can directly book a ride on Uber through the e-tailer’s app.
28/07/2016

GHV partners with Forbes Japan editor-in-chief to launch $52 mn VC fund for Indian startups

Gurgaon-based startup accelerator GreenHouse Ventures (GHV) has partnered with Makoto Takano, editor-in-chief of Forbes Japan and former president of PIMCO Japan Ltd, to launch a Rs 350 crore (around $52 million) fund for early stage Indian startups.  The focus will be around health tech, fintech, adtech and B2B marketplaces and […]
28/07/2016

Sustainable agro-input firm Suma Agro raises $89K from Ankur Capital

Mumbai-based impact investor Ankur Capital has invested Rs 60 lakh ($89,000) in Suma Agro, a Chennai-based sustainable agro-input firm. Launched in 2011 Suma Agro offers humic-acid-based soil nutrient solutions, which, it claims, boost agricultural produce.It operates a sole manufacturing plant near Chennai which boasts of a production capacity of 24 […]
27/07/2016

Modasta raises INR 10 crore from Mauritius HNIs

Modasta, a multi-lingual health content portal and queries platform, has raised $1.5 million (about Rs 10 crore) from Mauritius-based high net worth individuals (HNIs). The funding will be utilized for business growth, technology upgradation, talent acquisition and marketing outreach activities.
27/07/2016

Fashion styling app IStyleYou raises funding from actor Rannvijay Singh

Actor and television host Rannvijay Singh has invested in Gurgaon-based fashion styling app IStyleYou. Singh will also be the brand ambassador for IStyleYou and help make the company a leading youth brand. The funding will be utilized for branding, marketing and expansion.
27/07/2016

AI-powered startup Mezi raises $9m from Nexus, Saama Capital, others

Artificial intelligence-powered personal shopping assistant start-up Mezi has raised $9 million in a Series A funding round from existing investor Nexus Venture Partners and new investors Saama Capital and American Express Ventures. The funding will be utilized to support the company’s growth and accelerate Mezi’s product and artificial intelligence technology […]
27/07/2016

Tech startup Byndr raises $700K in seed funding

Hyderabad-based mobile learning management platform Byndr has raised USD 700,000 (Rs 4.70 crore) in seed funding from Education Design Studio (accelerator at the University of Pennsylvania), Ben Franklin Technology Partners and a group of angel investors. The funding will be utilized to expand sales and development team.
27/07/2016

Online platform for long stays Square Plums raises funding from IAN

Bangalore-based Urban Stay Technologies Pvt. Ltd, the company which runs and operates co-living platform for long stays Square Plums, has raised Rs 3 crore ($450,000) in funding from Indian Angel Network (IAN). The funding will be utilized for on-boarding the properties and building the technology.
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