Archive News

10/04/2018

Omidyar Network, others back fintech startup Kaleidofin with seed money

Chennai-based fintech company Kaleidofin has raised INR 18 crore in a seed round led by Omidyar Network.
10/04/2018

Fireside Ventures leads new round in jewellery e-tailer Pipa + Bella

Pipa + Bella, a private label non-precious jewellery e-tailer, has raised $1 million led by Fireside Ventures, early-stage consumer-focussed venture fund.
09/04/2018

Laundry startup UClean tops up pre-Series A round

Tech-enabled laundry and cleaning solutions company UClean has topped up its pre-Series A funding with an additional INR 4 crore ($615,600) from US-based existing angel investor Anubhav Chopra.
09/04/2018

S Chand invests additional funds into ed-tech startup Smartivity

Education-focused publishing house S Chand & Company Ltd will invest an additional amount of INR 35 lakhs ($53,891) in ed-tech startup Smartivity Labs Pvt Ltd.
09/04/2018

Saama Capital raises $100 million for fourth India VC fund

Indian venture capital firm Saama Capital has raised $100 million (INR 650 crore) for its new fund from a set of 59 investors.
06/04/2018

Accel, Tiger Global-backed Vedantu gets new VC investor

Bangalore-based online tutoring startup Vedantu Innovations Pvt Ltd is raising up to $10 million (INR 65 crore) in a fresh round of funding led by Omidyar Network (which is investing $3 Million).
06/04/2018

Freshworks’ Mathrubootham, India Quotient’s Lunia invest in Singapore’s ZPX

Singapore’s blockchain firm ZPX has raised $1,300,000 in a fundraising round led by venture capital firm SeedPlus based out of the island nation.
05/04/2018

Sofina, Sequoia lead $54 million Series C funding in fashion startup Zilingo

Southeast Asian fashion marketplace Zilingo Pte Ltd has raised $54 million (INR 351 crore) in a Series C round led by Belgium-based investment company Sofina, besides existing investors, German investment firm Burda Principal Investments, and Sequoia Capital India.
05/04/2018

Blume, Leo Capital inject capital into health-tech startup BeatO

Delhi-based Health Arx Technologies Pvt Ltd, which operates diabetes management app BeatO, has raised INR 8,45,OO,OOO in a funding round co-led by Blume Ventures and Leo Capital.
05/04/2018

Angels invest in ed-tech startup IndigoLearn

Hyderabad-based ed-tech startup IndigoLearn has raised $150,000 in a seed funding round from a group of undisclosed angel investors based in India, the US and Europe
05/04/2018

Chinese microfinance firm leads follow-on round in fashion startup CoutLoot

Mumbai-based MJVS Fashion Services Pvt Ltd, operator of online fashion resale marketplace CoutLoot, has raised an additional $1 million as a part of its ongoing pre-Series A funding round led by Jadevalue Fintech, the investment arm of Chinese microfinance company CashBUS
05/04/2018

Venture debt firm InnoVen invests $6 million more in Power2SME

Temasek’s venture debt arm InnoVen Capital has committed another INR 40 crore to online buying hub for small and medium enterprises Power2SME.
05/04/2018

Bike and car pooling startup Pooltoo gets seed funding

New Delhi-based intra-city bike and car-pooling startup Pooltoo, headed by three women entrepreneurs, have raised an undisclosed amount in seed funding from Devika Ganesh, a high-net-worth individual.
04/04/2018

Ola buys Ridlr to enter public transport segment

Homegrown cab-hailing major Ola has acquired Ridlr, a public-transport ticketing app, for an undisclosed sum, amid growing rivalry with foreign peer Uber to get a bigger share of the Indian market.
04/04/2018

Investors plough $1.3 million in online loan matchmaker Finzy

Online loan matchmaker Finzy has raised $1,300,000 in the first round of pre-Series A funding from undisclosed investors.
04/04/2018

BlackSoil Capital provides debt funding to industrial marketplace Industrybuying

Industrybuying, an online marketplace for businesses, has raised INR 12 crore ($2 million) venture debt from BlackSoil Capital Pvt Ltd.
04/04/2018

Former Dentsu India chairman Sandeep Goyal picks up stake in Sync Media

Mogae Media chairman and former founder chairman of Japanese advertising major Dentsu India Sandeep Goyal has picked up a 10% stake in ad-tech platform Sync Media for an undisclosed amount
04/04/2018

India Quotient marks first close of third fund, mulls bigger bets

Venture capital firm India Quotient has marked the first close of its third fund at $30 million (INR 195 crore), with the final close is expected within the next six to nine months at $60 million.
04/04/2018

ChrysCapital leads $55 million round in school finance company Varthana

Home-grown private equity firm ChrysCapital led a INR 350-crore ($55-million) Series C funding round in Bengaluru-based school finance company Thirumeni Finance Pvt Ltd, which operates under the Varthana brand.
04/04/2018

Nexus Venture Partners backs online lending platform Namaste Credit

Bangalore-based Namaste Credit, an online lending platform for small and medium enterprises, has raised $3,800,000 in a Series A round of funding from Nexus Venture Partners.
04/04/2018

Nexus leads Series B funding in employee transportation firm MoveInSync

Office commute automation platform MoveInSync has raised $8 million (INR 52 crore) in a Series B round of funding led by homegrown venture capital firm Nexus Venture Partners
03/04/2018

Exfinity, others infuse $2 million in fitness portal Fitternity

Mumbai-based online fitness discovery platform Fitternity Health E-solution Pvt Ltd has raised over $2 million (INR 13 crore) from existing and new investors led by Saha Fund and Exfinity Venture Partners.
03/04/2018

Subhkam Ventures leads investment round in social media analytics firm Synctag

Social media analytics platform Synctag has raised INR 2 crore ($307,600) in a fresh round of funding led by Mumbai-based Subhkam Ventures
03/04/2018

HR tech startup Benepik raises seed funding

Gurgaon-based HR tech startup Benepik Technology Pvt Ltd has raised an undisclosed amount in seed funding from a group of investors, including Vishal Bali, managing director at Nielsen China.
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