Archive News


Info Edge injects more money into workforce tracker Rare Media

Info Edge (India) Ltd, which runs ad portals such as recruitment services site Naukri, has made a follow-on investment of USD 513,588 in Rare Media Company Pvt Ltd.

Fintech Startup OYE! Loans receives USD 2 250 000 in funding

Noida-headquartered consumer-focussed lending startup OYE! Loans has raised USD 2 250 000 seed funding from its parent company, GAIN Credit.

IFC plans to inject USD 15 million more in Indian housing finance firm Aptus

International Finance Corp, a member of the World Bank Group, has proposed to invest up to USD 15 million in Chennai-based Aptus Value Housing Finance India Ltd.

Fireside Ventures backs consumer electronics startup boAT

Consumer electronics startup boAT received INR 6 crore  in funding from early-stage venture firm Fireside Ventures.

HNIs invest in fin-tech startup OpenTap

Chennai-based fin-tech startup OpenTap has raised more than INR 3 crore (USD 450,000) in funding from a clutch of high net-worth individuals

Anthill Ventures backs Swedish electric car startup Uniti

Anthill Ventures, an early-stage investment firm and scaling platform for startups, has made an undisclosed investment in Swedish urban mobility electric car startup Uniti Sweden AB

Facebook co-founder’s VC firm, others back B2B startup Bizongo in USD 22 million round

Bizongo, a business-to-business (B2B) marketplace for packaging materials, has raised USD 22 million in a Series B round of funding from B Capital and International Finance Corporation (IFC) as well as existing investors Accel Partners and IDG Ventures.

China’s ZDream Ventures, others invest in social gaming startup Cricnwin

Gurugram-based social gaming platform Cricnwin has raised an undisclosed amount in a seed funding round led by Chinese accelerator and venture fund ZDream Ventures, along with a group of angel investors had also participated in the round.

Healthtech startup Suki raises USD 20 million funding from Venrock, First Round, Social Capital

AI enabled healthtech startup Suki (formerly called Robin), founded by ex-CPO of Flipkart Punit Soni has raised USD 20 million led by Venrock, First Round, Social Capital, as well as individual Googlers and other angels including Nat Turner of Flatiron Health, and Marc Benioff (CEO of Salesforce).

Mumbai investment firm backs online events platform TheCollegeFever

Bengaluru-based online college event ticket booking startup TheCollegeFever has raised USD 250,000 in seed funding from Mumbai-based investment firm 11,2 Advisors

IFC set to back EV fleet operator Lithium Urban Technologies

International Finance Corporation, the private-sector investment arm of the World Bank, is looking to invest up to USD 8 million (INR 53 crore) in electric vehicle fleet operator Lithium Urban Technologies Pvt Ltd

SAR Group’s VC arm backs fintech startup MyLoanCare

My Finance Care Advisors Pvt Ltd, which runs online loans marketplace MyLoanCare, has raised ~ USD 1 million in a Series A round of funding from Ncubate Capital Partners, the venture capital arm of Gurugram-headquartered SAR Group.

Samco Ventures raises INR 49 crore in Series-B

Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised INR 49 crore in a fresh round of funding led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company.

Netherlands’ Nutreco leads Series B in Eruvaka

Netherlands-based global leader in animal nutrition and aqua feed Nutreco has led Series B investment with undisclosed amount in IoT startup Eruvaka.

Lending startup Rubique Technologies raises new round of funding

Rubique Technologies, an online lending marketplace, has raised a new round of funding led by Japan’s Recruit Group, Russian venture capital management company Emery Capital,Blacksoil and existing investor Kalaari Capital.

Omidyar leads Series B round in travel firm RailYatri

RailYatri has raised an undisclosed sum in a Series B round led by impact investor Omidyar Network , existing investors Infosys Ltd co-founder Nandan Nilekani, early-stage venture capital firm Blume Ventures, and homegrown venture capital fund Helion Venture Partners also participated in the round.

Alteria’s debut venture debt fund raises USD 15 million from SIDBI

Venture debt firm Alteria Capital Advisors LLP has raised Rs 100 crore from Small Industries Development Bank of India (SIDBI) for its maiden venture debt fund.

Dairy startup Happy Cow bags seed funding

Happy Cow Dairy Co Pvt Ltd, a startup which aggregates milk from dairy farmers in rural Maharashtra, has raised INR 4 crore  in seed funding, serial entrepreneur Mahendra Mehta and an unidentified former executive at foreign lender Citibank contributed to the round.

Paytm Mall gets USD 110 million fund infusion from SoftBank And Alibaba

Paytm Mall has received USD 110 million from SoftBank And Alibaba for the third of the four tranches as part of its larger USD 455 million funding round.

Online Lending Startup PayMe India raises USD 2 million in Angel funding

Noida-based online lending startup PayMe India has reportedly raised USD 2 million in funding from Singapore-based angel investors.

CCube Angels Network backs sales-tech startup Hyperdata.IO

Hyderabad-based Krisam Software Pvt Ltd, which operates sales-tech startup Hyperdata,IO, has raised INR 50 lakh from Singapore-based CCube , angel investor Atim Kabra, and Abhay Deshpande, a SaaS veteran and serial entrepreneur also participated in the round.

Nexus Venture Partners, others back developer tool startup Hasura

US-and India-based developer tools startup Hasura Technologies Pvt has raised USD 1600000 in a seed round of funding led by venture capital firm Nexus Venture Partners,Japanese investment firm GREE Ventures had also participated in the round.

Korean VC firm, others invest in women-focused media startup POPxo

POPxo, a digital publication targeted at young women, has raised INR 37 crore in funding led by South Korea-based Neoplux Technology Fund and Chinese consumer electronics company Oppo,existing investors IDG Ventures India, Kalaari Capital, GREE Ventures (Japan) and Summit Media (Philippines) also participated in the round.

Emotix raises USD 2 million from IDG Ventures India, YourNest

Robotics startup Emotix has raised USD 2 million in a funding round led by venture capital firms IDG Ventures India and YourNest.