Archive News

23/05/2018

Aashiyaan gets funding from Oikocredit, Insitor

Dutch social investor Oikocredit and Asia-focused venture capital firm Insitor have provided undisclosed amount of seed capital to Aashiyaan Housing & Development Finance.
23/05/2018

Paytm acquires Orbgen Tech

Digital payments and e-commerce company Paytm is acquiring Orbgen Technologies, the operator of Chennai-based online ticketing platform TicketNew.
23/05/2018

FastFox acquires Roofpik

Gurgaon-based home rental startup FastFox has acquired Roofpik, a reviews and ratings platform for real estate industry.
23/05/2018

Boeing-backed startup lands JetSuite for electric plane’s debut

Boeing Co- backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc, setting the stage for a new era in regional flying.
23/05/2018

Edtech toys design startup Smartivity Labs gets USD 2 million

New-Delhi based Smartivity Labs, an edtech toys design startup, has raised USD 2 million from Ashish Kacholia, a well-known stock market investor, along with participation from existing investor S Chand Group.
23/05/2018

CureFit to buy Indian arm of Oaktree-controlled gym chain Fitness First

Health and fitness startup Cure Fit Healthcare Pvt Ltd will merge its fitness brand Cult fit with premium chain Fitness First India.
23/05/2018

Norwest’s Mohan Kumar, Jio exec back P2P lending startup

Cashkumar, a peer-to-peer (P2P) lending startup, has raised angel investment of INR 5 crore led by Mohan Kumar, executive director at global investment firm Norwest Venture Partners, and telecom company Reliance Jio’s chief digital officer Vishal Sampat.
23/05/2018

3one4 Capital backs background verification startup Betterplace

Betterplace Safety Solutions Pvt Ltd, a platform that manages the semi-formal workforce, has raised USD 3 million in a Series A round of funding from a new investor 3one4 Capital.
23/05/2018

Mexican investors back microlending startup Vola

Bengaluru and US-based Vola, which offers an alternative lending platform for students, has raised USD 500,000 in a pre-Series A funding round from Mexican insurance and credit firm Credika and unnamed angel investors from the North American nation.
22/05/2018

Fintech startup EarlySalary buys CashCare to grow

Pune-based fintech startup EarlySalary has acquired Mumbai-based checkout financing startup CashCare for an undisclosed amount.
22/05/2018

News aggregator NewsDog raises USD 50million from Tencent

Mobile-based news aggregator application NewsDog, which collates articles in English and various regional Indian languages including Tamil, Telugu and Marathi, has raised USD 50 million in a series-C funding round led by Chinese conglomerate Tencent, along with other investors including California-based venture capital firm DHVC, Legend Capital and Dotc United […]
22/05/2018

Blume Ventures backs video creation platform Rocketium

Video creation platform Rocketium Technologies Pvt Ltd  has raised INR 2 crore (around USD 300,000) in a seed round of funding from early-stage venture capital firm Blume Ventures and a clutch of angel investors.
22/05/2018

Apollo Hospitals, Venture Catalysts back crowdfunding platform ImpactGuru

Social-impact crowdfunding platform ImpactGuru, incubated at Harvard in 2014 has raised USD 2 million (INR 13 crore) in a Series A round from Apollo Hospitals Group, Venture Catalysts,RB Investments,Indian diaspora and Currae Healthtech Fund.
22/05/2018

SIDBI’s VC arm, others back retail tech startup Mobisy

Mobisy Technologies Pvt Ltd, which operates supply chain automation platform Bizom and mobile marketplace app Distiman, has raised  around INR 24 crore from SIDBI Venture Capital Ltd (SVCL),Triton Investment Advisors and existing investor Ojas Partners.
22/05/2018

Kalaari leads Series A round in micro-delivery grocery startup Milkbasket

Gurgaon-based Aaidea Solutions Pvt Ltd, which runs micro-delivery grocery startup Milkbasket, has raised USD 7 million (INR 47 crore) in a Series A funding round led by early-stage investment firm Kalaari Capital,Singapore’s BeeNext, existing investors Unilever Ventures and Blume Ventures.
21/05/2018

Temasek unit Camas to invest USD147 million in AU Small Finance Bank

Jaipur-based AU Small Finance Bank Ltd is raising INR 1,000 crore (USD 147 million) from Camas Investments Pte Ltd
21/05/2018

Raw Pressery raises INR 65 crore from Sequoia and Saama

Organic cold-pressed juice and beverage maker Raw Pressery has finalised an investment of INR 65 crore (about USD 10 million) from existing investors Sequoia Capital, Saama Capital and DSG Consumer Partners.
21/05/2018

Growth catalyst firm ah! Ventures helps logistics-tech startup raise funds

FreightBazaar, an online platform which connects truck users and suppliers, has raised an undisclosed amount in a pre-Series A funding round led by Omphalos Ventures India.
21/05/2018

CalPERS creates direct investment platforms for late-stage VC, long-term PE bets

California Public Employees’ Retirement System (CalPERS), the largest US pension fund that is also a limited partner (LP) for a few Indian PE firms  will create a new entity, CalPERS Direct, to make direct private equity and late stage VC investments.
18/05/2018

Prime Venture Partners leads funding into doctor-consultation app mFine

MFine, an app that lets users link with doctors through live chat or video under a minute raised close to USD 4 million in a Series A round led by Prime Venture Partners, existing investors Stellaris Venture Partners and healthcare entrepreneur Mayur Abhaya Srisrimal also participated in the round.
18/05/2018

Vehicle marketplace Droom raises funds from Toyota, Digital Garage

Droom, an online marketplace for new and used cars has raised USD 30 million (INR 204 crore) in a Series D round led by Toyota Tsusho Corporation and existing investor Digital Garage (of Japan).
17/05/2018

Bengaluru Fintech start up Open, raised a pre-series A funding round

Bengaluru Fintech start up Open, which offers a digital banking service for small businesses in collaboration with banks, has raised a undisclosed amount in pre-series A funding round led by Unicorn India Ventures and Recruit Co, a subsidiary of the Recruit group of Japan.
17/05/2018

SoftBank is in talks to put Zomato on its menu

SoftBank is exploring a possible investment in restaurant discovery and food delivery firm Zomato.
16/05/2018

Sanjiv Goenka Group creates USD15 million VC fund, eyes FMCG startups

The RP-Sanjiv Goenka Group has created a Rs 100 crore venture capital fund to invest in fast-moving consumer goods startups.
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