Archive News

23/10/2016

Enterprise communication tool ChatOnGo raises funding from angel investor

ChatOnGo, an enterprise communication tool, has raised $300,000 (INR 2 crore) from high net worth individual and IT professional Janak Jain. The funding will be utilized to expand the team and boost product developments and sales and marketing initiatives. It will also be used enter global markets.
21/10/2016

SaaS based edtech startup Epaathsala raises funding from Hyderabad Angels

Bengaluru-based edtech startup Epaathsala has raised an undisclosed amount in its Pre Series A round led by Hyderabad Angels. Times Internet’s startup accelerator TLabs also participated in the round. The funding will be utilized for global expansion and partnerships with educational institutions.
21/10/2016

Sidbi issues INR 10 Crore each to Ankur Cap, Omnivore Partners

The Small Industries Development Bank of India (Sidbi) issued INR 10 Crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of INR 60 Crore.
21/10/2016

Ubiquity acquires 51% stake in cloud telephony startup Solutions Infini

Ubiquity, an Italy-based messaging platform provider has acquired a 51% stake in Bengaluru-based cloud telephony and enterprise communication startup Solutions Infini for an undisclosed sum. This partnership will help Ubiquity build a global mobile communications services company and target customers in emerging markets and increase their presence beyond Europe.
21/10/2016

IT veteran and former CEO Zensar Technologies Ganesh Natarajan makes investment in Skills Alpha

Ganesh Natarajan, IT veteran and former CEO Zensar Technologies, is all set to announce his second investment in a startup called Skills Alpha, a digital learning platform. Skills Alpha, which has been incubated at 5FWorld–a meta-startup platform founded by Natarajan that invests in digitally enabled communities, skills focused startups and […]
20/10/2016

YAPP Digital buys influence marketing firm Soinsi

Content marketing startup YAAP Digital Pvt Ltd has acquired Soinsi, run by FFC Information Solution Pvt Ltd, an influence marketing and celebrity engagement firm, to give a boost to its content discovery. After this acquisition, YAAP Digital will be launching its proprietary influence marketing platform.
20/10/2016

eGrocer Satvacart raises third round of funding

eGrocery retailer Satvacart has closed its third round of funding with angel entrepreneur and investor Nimit Panigrahi joining the current round. The firm achieved operating level breakeven in March 2016, within a year-and-a-half of its launch. It sells 4,000 products through an inventory led model with subscriptions, B2C On Demand […]
20/10/2016

Beverage discovery and gifting platform Hipcask raises funding from Mobikon

Restaurant marketing and customer engagement platform Mobikon Asia Pte Ltd has led an undisclosed amount of seed funding in Hipcask, a beverage discovery and gifting platform. With this move, Mobikon becomes a significant stakeholder in the startup and will leverage this partnership in order to unlock the latent potential in […]
19/10/2016

Freshdesk acquires artificial intelligence-based chat platform Chatimity

Freshdesk, a cloud-based customer service software provider, has acquired Chatimity, a social chat platform based on artificial intelligence used for integrating chat within mobile apps.
19/10/2016

Lightbox, Axis Capital lead Series B funding round in online furniture rental startup Furlenco

Bangalore-based online furniture rental startup Furlenco has raised $15 million (INR 100 crore) in its Series B round of funding led by existing investor Lightbox Ventures along with Axis Capital Partners, a Hong Kong-based venture capital fund. A few high-net-worth individuals too participated in the funding round. The funding will […]
19/10/2016

Saama Capital invests $1.1 Million in fintech startup Fisdom

Bengaluru-based Finwizard Technology Pvt Ltd, which runs wealth management app Fisdom, has raised funding from Saama Capital.  The funding will be utilized for technology, to expand team and to acquire customers.
19/10/2016

Aerospace and defence tech startup Aadyah raises pre-Series A investment

Aerospace and defence technology startup Aadyah Aerospace Pvt Ltd has received pre-series investment of INR 13 crore ($2 million) within seven months since its launch in April. The company would begin with developing three components – electro mechanical actuators, control actuation systems and electro optics systems – for missiles and […]
19/10/2016

RailYatri raises funding from Nandan Nilekani, Helion, others

Noida-based Stelling Technologies Pvt Ltd, the company which runs RailYatri, a platform which gives railways-related information, has raised a fresh round of funding from all its existing investors—Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. RailYatri is looking at aggressively pushing towards growth and new services.
19/10/2016

Online travel portals MakeMyTrip and ibibo announce merger

Makemytrip and Ibibo have agreed to merge in a stock transaction, representing the coming together of India’s largest travel booking portals and presaging what many believe is an impending consolidation in the country’s consumer internet sector. The transaction estimated it at about $1.8-$2 billion.
19/10/2016

TVS Capital’s Gopal Srinivasan, others invest in International Money Matters

TVS Capital’s chairman Gopal Srinivasan and financial services industry veteran Narayan Seshadri have picked a majority stake in International Money Matters Pvt Ltd (IMMPL), a Securities and Exchange Board of India (SEBI)-registered financial planning and investment adviser with assets under management of around INR 850 Crore.
19/10/2016

General Catalyst Partners invests $2.5 Million in solar marketplace MYSUN

Delhi-based solar marketplace MYSUN, run by Eastern Light and Power Pvt Ltd, has raised funding from General Catalyst Partners, a US-based venture capital firm focused on early stage and growth investments. The funding will be utilized to scale up faster and invest in technology and infrastructure.
18/10/2016

Former Zensar Tech chairman Ganesh Natarajan invests in Studio Coppre

Ganesh Natarajan, former chief executive officer of Zensar Technologies Ltd and chairman of Nasscom Foundation, has invested an undisclosed amount in Studio Coppre, an online retailer and manufacturer of handcrafted copper artwork. The funding will be utilized for design enhancements and low-cost automation for development and quality assurance.
18/10/2016

BabyChakra raises funding from Seattle-based RoundGlass Partners

BabyChakra, which connects parents to services and products for babies, has raised an undisclosed amount of funding in its Series A round from RoundGlass Partners, a Seattle-based investor. The funding will be utilized for product development, hiring and creating localized content.
18/10/2016

Sports startup Rooter raises seed funding

Rooter, a sports social gaming platform, has raised an undisclosed amount of investment from actor, Boman Irani. The seed round also  saw participation from  Dhruv Chitgopekar, partner at Kwan Entertainment, and Prantik Dasgupta, a corporate professional and avid sports enthusiast. The funding will be utilized to strengthen the technology team […]
18/10/2016

Bike tour operator Enfield Riders raises angel funding

Enfield Riders Pvt Ltd, a Mumbai-based startup that conducts motorcycle tours, has raised $500K from a high-net-worth individual, who runs a construction firm in Mumbai. The funding will be utilized to expand fleet of motorcycles and back-up vehicles. The company will also use a part of the capital in to […]
18/10/2016

Travel insurance and forex marketplace YuMiGo raises $300K in first round of funding

YuMiGo, a discovery and transaction platform on web and mobile for foreign exchange and international SIM card services, has raised $300,000 (INR 2 Crore) from businessman Hemant Sahni. Launched in 2015, the startup has also announced the launch of its travel website that helps international travellers while planning and also […]
17/10/2016

Ronnie Screwvala’s ed-tech startup UpGrad acquihires Pyoopil

UpGrad, the online education provider for working professionals, cofounded by well-known entrepreneur Ronnie Screwvala, has acquihired Pyoopil Education Technologies, a mobile-based SaaS (Software-as-a-service) product used by companies to deploy online training programmes. This acquisition will give UpGrad a shot at addressing the large businessto-business (B2B) education needs and will go […]
17/10/2016

Delhi based Play Your Sport acquires discovery platform Directground

Delhi-based sports tech startup, Play Your Sport has acquired sports discovery and booking platform, Directground. Post the acquisition, Directground’s founder and CEO Arun Singh Chauhan will join Play Your Sport as Chief Technology Officer.Founded in November 2015, Directground is a sports discovery and booking platform that helps sports enthusiasts discover […]
17/10/2016

Bengaluru Based B2B SaaS startup for restaurants Trilyo raises seed funding

Bengaluru-based Trilyo, a B2B SaaS company with solutions for restaurants has raised an undisclosed amount of funding in seed round. The round was led by Singapore-based private investor and backed by members of Amplifi Angel Group including Vishnu Bhat (Bengaluru-based entrepreneur and former SVP of Infosys); Mumbai-based entrepreneur Rajiv Lunkad […]
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