Archive News


Tech-based sanitation startup Fresh Rooms raises angel funding

Technology-driven sanitation startup Fresh Rooms has raised seed funding of INR 3 crore from undisclosed angel investor.

Saas company FarEye buys IoT platform Dipper Tech

Saif Partners-backed FarEye, a software-as-a-service (SaaS) provider for ecommerce and supply chain logistics companies, has acquired Dipper Technologies, an internet-of-things (IoT) platform that provides visibility and predictability in freight movement

IndiaNivesh achieves first close of maiden turnaround fund

Mumbai-based IndiaNivesh First Bridge Fund Managers Pvt Ltd has achieved the first close of its maiden turnaround fund at about USD 17,5 million (INR 128 crore)

Capria’s emerging markets USD 100 million fund-of-funds marks first close

Global impact investment firm Capria has marked the first close of its USD 100 million emerging markets fund-of-funds after getting commitments from new Limited Partners (LPs) including Vulcan Capital, the investment arm of the late Microsoft co-founder and philanthropist Paul Allen

Anicut Capital to raise USD 138 million for second fund, gets SEBI approval

Alternative financing firm Anicut Capital is seeking to raise INR 1,000 crore (USD 138 million) for its second fund for which it has received the approval of the Securities and Exchange Board of India (SEBI)

Google, Blume to invest more in task management app Dunzo

Dunzo Digital Pvt Ltd which runs daily tasks management app Dunzo, will raise INR 44 crore (around USD 6 million) from tech giant Google, venture capital firm Blume and venture debt provider Alteria Capital.

Stevens Creek Ventures leads funding round in on-demand driver provider DriveU

Bengaluru-based DriveU, an online platform that connects drivers with private car owners, raised mezzanine funds worth INR 7 crore (around USD 1 million) in a round led by California-based Stevens Creek Ventures.

China’s ICBC Bank sets up USD 200 million fund to invest in small Indian businesses

The Indian subsidiary of Industrial and Commercial Bank of China (ICBC) has set up a USD 200 million fund through which its local arm will invest in local start-ups and other small businesses

Early-stage investor Endiya Partners plans new USD 68 million VC fund

Early-stage venture capital fund Endiya Partners is planning to raise INR 500 crore for its second fund With a focus on investing up to the Series A level.

Real estate platform Monest in talks to raise Series A funding

Kolkata-based Monest, a real estate platform that helps consumers search for property agents, share their requirements, and rate them, is in talks to raise Series A round of funding from wealthy individuals and developers

Mayfield invests in micro-delivery grocery startup Milkbasket

Gurugram-based micro-delivery grocery service Milkbasket has raised closed to INR 10 crore in a fresh funding round from US-based venture capital firm Mayfield Fund.

RB Investments bets on meat retail chain

Singapore-based boutique venture fund RB Investments has invested undisclosed amount in a meat retail chain headquartered in Jaipur

Impact investor Acumen injects more money into health-tech firm Healthcubed

Impact investor Acumen has invested an undisclosed amount in diagnostics-focused healthtech startup Healthcubed Inc’s pre-Series A funding round.

Venture debt firm Alteria Capital invests in Google-backed Dunzo

Bengaluru-based daily tasks management app Dunzo, run by Dunzo Digital Pvt Ltd, has raised INR 7 crore from venture debt firm Alteria Capital.

Cross-border VC firm Transit Cap in talks to raise up to USD 60 million for debut fund

Cross-border venture capital firm Transit Capital is in talks to raise its debut fund and is targeting a corpus of USD 50-60 million.

Meesho gets USD 50 million from Shunwei Capital, Kabir Misra’s fund, others

Bengaluru- and California-based Meesho, an online marketplace for resellers, has raised USD 50 million in a Series C round of funding from China’s Shunwei Capital, Russian billionaire Yuri Milner’s DST Partners and RPS Ventures.

China’s Shunwei Capital raises USD 1.21 billion for its latest global fund

Chinese early-and growth-stage venture capital fund Shunwei Capital has raised one of its largest funds yet at USD 1,21 billion.

Tiger Global said to eye fresh India investments after three-year hiatus

Three years after its last investment in the country, New York-based Tiger Global Management is said to be planning an investment in two Indian companies — Fyle and Facilio

Aavishkaar plans USD 300 million South Asia fund, aims first close by 2019-end

India’s biggest homegrown impact investor by size of investments, Aavishkaar Group, plans to raise USD 300 million for its South Asia-focused fund early next year to invest across financial services, agriculture, energy and health

Yet-to-be-launched startup INDwealth leads VC funding this week

INDwealth, a yet-to-be-launched fintech startup floated by a founder of travel tickets booking firm Ibibo Group, raised USD 30 million from Hong Kong-based hedge fund Steadview Capital

ITI group’s debut venture capital fund marks first close

The Investment Trust of India (ITI), a financial services group backed by Sun Pharmaceutical Industries Ltd director Sudhir Valia, has marked the first close of its INR 150 crore (USD 20 million) early-stage venture capital fund

Norwest Venture Partners leads Series D investment in Veritas Finance

Multi-stage private investment firm Norwest Venture Partners has led a Series D investment of INR 200 crore in Veritas Finance Pvt Ltd

Pet grooming brand Captain Zack secures pre-Series A capital

EM & EM Personal Care Pvt Ltd, which owns pet grooming brand Captain Zack and personal care brand Coccoon, has secured INR 11 crore in a pre-series A funding round led by Apar Industries’ promoters Kushal Desai and Chaitanya Desai through their family office

Sixth Sense Ventures closes second fund at USD 68 million, surpasses initial target

Early-stage venture capital firm Sixth Sense Ventures has closed its second fund at INR 500 crore