Archive News

19/07/2016

NowFloats acquires chat-based platform LookUp

Bengaluru-based chat-commerce platform LookUp got acquired by NowFloats, which creates websites on the fly for small and medium-sized enterprises (SMEs). LookUp is a chat-based commerce platform, essentially enabling users to discover and reach out to merchants in their vicinity. NowFloats, on the other hand, marries location and mobile to help […]
19/07/2016

Food Company Mast Kalandar in talks to close $10 Million funding

Bengaluru-based food company Mast Kalandar is in advanced talks to close a $10-million funding round. It had earlier raised investments from Footprint Ventures and Helion Venture Partners.  
18/07/2016

Dreamworld Digital in talks with private equity companies to raise upto $5-6 Million

Ecommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo focused on Bollywood fashion and trends, is in talks with three leading private equity players to raise $5-6 million. The funding will be utilized to expand from apparels business to Bollywood locations tourism.
18/07/2016

UnderDOGS Gaming Studio raises funding

underDOGS, a Mumbai-based game development company, has raised an undisclosed amount of funding from digital platform firm, Intelli Reboot Digital Pvt. Ltd. The alliance aims at acquiring a significant stake in underDOGS as well as to utilize its team strength to develop games together.
18/07/2016

SRI Capital invests $1.3 Million in Two SaaS Startups – Yellowdig & Zuppler

Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. The funding will be utilized by the startups to scale up and roll out their products in global markets.
18/07/2016

IFC to back early stage fund of funds Capria

International Finance Corporation (IFC), the private-sector lending arm of World Bank, is investing up to $1 million in global business accelerator Capria Ventures. Capria Accelerator Fund is targeting commitments worth $5 million to invest in early-stage local fund managers in Sub-Saharan Africa, South/South-East Asia and Latin America.
18/07/2016

Jewellery e-tailer BlueStone raises $30 Million from IIFL, Accel, others

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by IIFL and Accel Partners. The funding will be utilized for products and designs in addition to powering up marketing initiatives to strengthen the brand’s presence.
18/07/2016

O2O platform Fashalot is raising $5m in fresh funding

Fashalot, an O2O (online-to-offline) location-based fashion and store discovery mobile platform, is in talks with venture capital firms to raise up to $5 million Series A funding. The funding will be utilized for technology scalability, product advancement, growth in the existing markets, opening new markets and team.
18/07/2016

Dailyhunt picks up stake in OneIndia

News and ebooks mobile application Dailyhunt has picked up a minority stake for Rs 15 crore in OneIndia, the local news language portal owned by Rajesh Jain and BG Mahesh. The deal will help Dailyhunt, which focuses on local language users, generate multimedia content, especially short format video and audio, […]
18/07/2016

Infosys to invest in up to 10 startups a year

India’s second-largest software services exporter Infosys will do 8-10 deals every year from its $500 million corpus earmarked for venture capital investments in startups across the globe. The focus will be on IT startups mainly and also startups in cyber security, digital technology and data space.
18/07/2016

CommonFloor CEO, Jabong CTO back e-commerce aggregator Baggout

New Delhi-based product aggregation website Baggout has raised funding from multiple angel investors.  This is Baggout’s second round of funding, after it raised a small amount from two investors in March.
15/07/2016

Incubator TurningIdeas partners with Chandigarh Angels Network

Incubator TurningIdeas Venture Partners (TVP) has tied up with Chandigarh Angels Network (CAN) to act as an ecosystem facilitator for startup leads, investor access and mentor engagement.  Both partners will also jointly organize startup conferences, demo days, investor meetups and hackathons.
15/07/2016

Enterprise workflow collaboration firm WorkApps raising $ 1 Million seed funding

Pune-based enterprise workflow collaboration (EWC) firm WorkApps has raised $1 million from seed stage investment firm SRI Capital. The WorkApps product will be rolled out in the US, Europe and Asia-Pacific later this year.
15/07/2016

Satvacart to raise another $2 mn in current round

e-Grocery retailer Satvacart today said it is keen to raise another $2 million in current round of funding, in which a clutch of individuals, including Abhijit Avasthi, Karan Chellani and SP Vijay have already invested an undisclosed amount.
15/07/2016

Transport app Ridlr raises $6 Million in Series B funding

Mumbai-based public transport app Ridlr, developed by Birds Eye Systems, has raised $6 million in a Series B round from Times Internet and existing investors Matrix Partners and Qualcomm Ventures. The funding will be utilized for product development and team expansion.
15/07/2016

FreeCharge partners with Shuttl on digital payments for bus rides

Digital payments platform Freecharge has partnered with bus aggregator Shuttl to help over 15,000 commuters in Delhi-NCR to go cashless for their daily commute. Consumers can pay for their ride on Shuttl app using the FreeCharge wallet.
15/07/2016

OYO Rooms, Travelport ink new hotel content deal

Online hotels aggregator OYO Rooms has signed an agreement with UK headquartered travel commerce platform Travelport whereby 6,000 hotel properties offered by it will also be available to the latter’s connected travel agencies.
15/07/2016

ShopClues acquires Bengaluru-based startup Momoe in a bid to build payments business

Online marketplace ShopClues has acquired Bengaluru-based startup Momoe as it looks to build a payments business. The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join its senior management team across functions like design, corporate development and technology. […]
14/07/2016

Mahindra’s Bristlecone looks for startup buys

Supply chain firm Bristlecone, owned by the Mahindra Group, is scouting for Indian startups for acquisition as part of its growth strategy. The company is looking to acquire companies in areas such as analytics and the internet-of-things to drive its business.
14/07/2016

PayPal backer, Steelhead Ventures invest in retail-tech startup ShoppinPal

Retail-tech startup ShoppinPal has raised around Rs 7 crore ($1.07 million) in its Series A round of funding. The funding will be utilized to get more retailers on board and develop products. A part of the money will go toward marketing and brand building.
14/07/2016

Online tutorials startup Transweb raises Series A funding from 500 Startups

Delhi-based educational-technology firm Transweb Educational Services Pvt. Ltd has raised its Series A round of funding from 500 Startups, a Silicon Valley-based startup accelerator and early-stage VC fund house. Transweb, which provides online tutorial services, has raised over Rs 80 lakh ($120,000) from the US-based firm on a fully diluted […]
14/07/2016

Deal origination platform for financial institutions BankerBay raises $2 Million

Bangalore- and Singapore-based BankerBay Technologies Pte Ltd, which helps private equity and venture capital firms, hedge funds, banks and investment banks locate deal flow and capital, has raised $2 million in funding from a group of unnamed investors. The funding will be utilized for global expansion and building sales, marketing […]
14/07/2016

Online travel marketplace TripShelf raises $250K funding

Online travel marketplace TripShelf has raised pre-Series A round of funding worth $250,000 from Delhi-based GEMS Group, an early-stage sector agnostic fund. The funding will be utilized to establish traction with the customer and travel operator community.
14/07/2016

Furniture rental startup CityFurnish raises seed funding

Gurgaon-based furniture rental startup, CityFurnish has raised an undisclosed amount of seed funding from Brand Capital, the investment arm of conglomerate, Bennett Coleman and Co. Ltd. (Times Group). Existing investor Manoj Gupta, Director, Credit Suisse also participated in this round. The startup currently operates in Gurgaon, Delhi and Bangalore, and […]
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