Archive News


1Crowd, existing investors back cold chain technology firm Tessol

Mumbai-based startup Tessol, which provides energy-efficient and fuel-saving refrigeration technologies for cold chain storage and logistics, has raised an undisclosed amount in a bridge round from 1Crowd.

Paytm seeks USD 500 million for new business

Digital payments firm Paytm, owned by One97 Communications Ltd, is in talks to raise about USD 500 million from existing and new investors to build a new business vertical

Amazon Alexa Fund, Dentsu lead Series B round in bus aggregator Shuttl

Gurugram-based Super Highway Labs Pvt Ltd, which operates bus aggregation platform Shuttl, has raised USD 11 million  in a Series B funding round from Amazon Alexa Fund and Japan-based Dentsu Ventures.

BeeNext, WEH Ventures lead seed round in video blogging startup Trell

Trell, a mobile-first video blogging app, has raised INR 9 crore in its seed round of funding led by Singapore-based BeeNext and Mumbai-based WEH Ventures.

BlackSoil Capital raises USD 17 million in Series C round

Mumbai-based BlackSoil Capital Pvt Ltd has raised USD 17 million (INR 117 crore) from Allcargo Logistics, Navneet Education and Mahavir Agency.

IFC to invest USD 23 million in Hyderabad poultry firm

IFC plans to make an equity investment of USD 23 million (INR 158 crore) in Srinivasa Farms Pvt Ltd to help the Hyderabad-based poultry company.

Private equity firm Gaja Capital has invested USD 25 million in edtech co Educational Initiatives

Gaja Capital has invested USD 25 million in Ahmedabad-and Bengaluru-based educational technology company Educational Initiatives.

Qlik acquires Podium Data

Data Analytics firm Qlik has acquired Podium Data, an enterprise-grade data management company with an undisclosed amount.

TTK Prestige chairman, former ITC execs invest in B2B marketplace Lal10

Lal10 an online marketplace that connects artisans and bulk buyers, has raised an undisclosed amount in a pre-series A funding round from a clutch of investors.

Persistent Systems backs US-based Big Data firm Cazena

Persistent Systems Ltd has invested an undisclosed sum in US-based Cazena, Inc, which enables businesses to move and optimise Big Data processing in the cloud, as part of a USD 10 million funding round.

Bharat Innovation Fund backs emotion recognition startup Entropik in maiden bet

Entropik Tech that recognises emotions to help companies understand consumer behaviour, has raised USD 1 million in a pre-Series A round of funding led by Bharat Innovation Fund.

MakeMyTrip invests in travel solutions firm Bitla Software

MakeMyTrip Ltd has made an undisclosed investment in travel-focused tech startup Bitla Software Pvt Ltd.

Wellness portal AyurUniverse secures fresh funding

AyurUniverse, an online aggregator for ayurveda and yoga centres has raised USD 1 million (around INR 7 crore) in fresh funding from Ladhani family.

US-based investment firm LFI backs SaaS platform TheCapitalNet

US- and India-based SaaS and technology company TheCapitalNet, Inc has raised USD 500,000 in seed funding from Lindwall Family Investments LLC.

People Group’s Anupam Mittal leads funding round in shared space firm myHQ

Delhi-based co-working space startup my HQ has raised USD 500,000 in a new round of funding from Anupam Mittal, founder of People Group.

Billionaire Prem Watsa’s Fairfax invests USD 45 million in Digit Insurance parent

Prem Watsa’s Fairfax Holdings has invested USD 45 million in the second round of funding of its portfolio company Digit Infoworks, the parent of Digit Insurance.

Big data firm Iqlect gets USD 25,00,000 in Bridge Round

Big data analytics platform Iqlect has raised a bridge round of (approx INR 17 crore) from new investor VentureEast and existing investor Exfinity Ventures.

Vokal, the P2P info-sharing space for Bharat, raises USD 5 million

Vokal has raised a USD 5 million Series A round led by Chinese investor Shunwei Capital, 500 Startups, with participation from existing investors Accel India and Blume Ventures.

ICICI Bank to pick up stake in ePaylater in latest fintech bet

ICICI Bank is investing around INR 9 crore in Mumbai-based startup ePaylater to buy a minority stake.

Wipro-backed industrial IoT startup Altizon gets more money

Altizon Systems Pvt Ltd, which operates a platform for developing solutions based on (IIoT), has raised around USD 1 million in a fresh round of funding from The Hive and Arihant Patni.

Sequoia-backed Awfis gets USD 20 million in equity funding, venture debt

Delhi-based Awfis Space Solutions Pvt Ltd has raised USD 20 million in its Series C round of funding from Sequoia Capital,Rana Kapoor Family office and Innoven Capital.

Microsoft’s VC fund, others back SaaS firm LoginRadius in Series A round

LoginRadius, which offers a cloud-based software-as-a-service platform has raised USD 17 million (around INR 117 crore ) in a Series A round of funding from Forge Point Capital and tech giant Microsoft’s venture fund M12.

Hero MotoCorp to refuel Ather Energy with USD19 million

Hero MotoCorp Ltd is investing INR 130 crore (USD 19 million) more in electric scooter startup Ather Energy Pvt Ltd

Pharmacy startup LifCare raises USD 11 million Series B round from SAIF, Nexus, IL&FS

LifCare has raised USD 11 million in a Series B round of funding from private equity and venture capital firm SAIF Partners, Nexus Ventures and IL&FS.