Archive News


Accel Partners books $750K appointment with healthcare startup

Mumbai-based health content platform Sepalika has raised $750,000 in its seed round led by Accel Partners. The platform, which supports those looking to reverse chronic health conditions through guidance on lifestyle, dietary supplements, and exercise aims to use the fresh capital infused to further build on its research-based content and […]

Cross Border Angels invests in ed-tech startup eShiksa

Jaipur-based eShiksa, an education management portal, has raised an undisclosed amount from Cross Border Angels & Experts (CBA; previously Cross Border Angels), an international angel network. The funding will be utilized for for geographical expansion, customer acquisition and operational ramp-up.

Former Religare CEO Shachindra Nath backs fintech startup MintWalk

MintWalk, a robo-advisory platform for financial solutions, has raised funding from Poshika Financial Ecosystem Pvt Ltd, an investment platform set up by former chief executive officer of Religare. MintWalk aims to provide financial solutions to help users reach their goals.

Education solutions firm iNurture raises $1.5 mn from BlackSoil

iNurture Education Solutions Pvt Ltd, a higher education solutions provider, has raised INR 10 crore in venture debt from Mumbai-based non-banking financial company BlackSoil Capital Pvt Ltd.The funds will help the company meet its working capital requirements and focus on its ongoing and fresh business initiatives.

SaaS startup Autobix raises seed funding

BNT Autosoft Pvt Ltd, which runs auto dealership and workshop management platform Autobix, has raised seed funding from UK-based auto parts maker GardX International Ltd in return for a 25% stake. The funding will be utilized to scale up its back-end, upgrade its network, cloud and server, and to focus […]

Mobile gaming startup Mech Mocha raises INR 32 Crore

Mobile gaming startup Mech Mocha has raised $5 million (about INR 32 crore) in a series A funding round led by Accel Partners and including Chinese venture capital firm Shunwei Capital and existing investor Blume Ventures. The funding will be utilized to develop games in the casual and mid-core game […]

Warburg-backed Kalyan Jewellers to acquire e-commerce player Candere

Kerala-based Kalyan Jewellers is acquiring online jewellery firm Candere to augment its presence in the e-commerce segment. Candere was set up in 2013 and sells jewellery online in India, the US and the UK and has a portfolio of over 4,000 designs, including a strong offering in the diamond segment.

Howdy Ventures raises $1.5 Million from Kerry Indev Logistics’ chairman

Howdy Ventures Pvt Ltd has raised funding from S Xavier Britto, the Chairman of Kerry Indev Logistics.The Chennai-based company which combines events and groups features under one platform, has diluted 50 per cent stake in the process.

Bus pooling app ZipGo raises Series A funding

Bangalore-based ZipGo Technologies Pvt Ltd, the operator of an eponymous bus pooling app, has raised a Series A round of funding from new and existing investors.

Saber Corp founder Nitin Khanna backs software startup iSos

Computer software startup iSos Inc has raised $5 million (INR 32 crore) from Portland, US-based entrepreneur Nitin Khanna. iSos, based in Mohali, Punjab and California, provides integrated smart office solutions.

INR 23 Crore delivered to Scootsy in bridge round from Agnus Capital

On-demand delivery company, Scootsy incubated by Mumbai-based Ant Farm has raised about INR 23 crore in a bridge round from Agnus Capital, the family office of promoters of pharmaceutical company, Stride Group, and private investment firm Khattar Holdings of Singapore. Food delivery currently constitutes 60% of its business while it […]

Shared workspace start-up Awfis raises $20 Million from Sequoia India

Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans. Awfis, which operates 21 workplaces across the National Capital Region (NCR), Bengaluru, Mumbai, Hyderabad, Pune and Kolkata, will use the funds to expand to more than 100 centres […]

IAN eyes INR 350-crore corpus, raises INR 175 crore in first round

The Indian Angel Network is looking to take its angel investment philosophy to the next level by launching its maiden fund with a corpus of INR 350 crore. The Sebi-registered Category 1 Alternate Investment Fund has a green shoe option of an additional INR 100 crore and has marked the […]

Customer data analytics startup Flytxt raises $11 Million in Series A

Customer data analytics startup Flytxt has secured $11 million ( INR 70 crore) in a Series A funding round led by German investment firm DAH Beteiliguns. The funding will be utilized for research and development, to grow beyond the telecom sector and enter segments like BFSI and retail.

Medicine delivery firm Myra raises funds from Times Internet, others

Myra, a medicine delivery firm, has raised an undisclosed Series A funding co-led by Matrix Partners and Times Internet, with participation from a few angels. The funding will be utilized to expand operations to newer markets and to deepen technology and analytics expertise.

Coworking platform The Office Pass raises seed funding

Gurgaon-based Top Technologies Pvt Ltd, which runs coworking platform The Office Pass, has raised $245,000 in seed investment from a group of individual investors led by Arun Tadanki, former managing director of Yahoo Southeast Asia and India. The funding will be utilized to enhance its platform and hire technology and […]

PharmEasy tops up Series B round with another $2 Million

Mumbai-based 91 Streets Media Pvt Ltd, which operates online drug delivery platform PharmEasy, has topped up its Series B round with another $2 million taking the total funding raised in the round to $18 million. Essentially an e-pharmacy that connects patients with pharmacy stores, PharmEasy uses a tech-enabled lead-generation platform […]

Indian online fashion brand StalkBuyLove raises $1 Million from Trifecta Capital

Online fashion brand StalkBuyLove has raised $1 million in venture debt from Trifecta Capital to strengthen its supply chain technology and expand its team. Founded in 2012, StalkBuyLove sells fashion apparel and accessories for women online, through its website and mobile application.

Ronnie Screwvala to set up $15 Million fund for online scholarships

Media and entertainment industry veteran Ronnie Screwvala, who runs online education start-up Upgrad, is planning to set up a INR 100 crore fund which will provide scholarships for professionals seeking to enhance their skills through online courses. Scholarships ranging from 25,000 to Rs2 lakh will be given to working professionals […]

VLCC acquires on-demand beauty firm Vanity Cube

Beauty and wellness firm VLCC has acquired Vanity Cube to get a greater hold in the on-demand beauty services sector.The entire acquisition, integration and category development cost for the company will be around INR 100 crore ($15 million).

Eight Roads, Cisco Investments invests in SeedPlus

Cisco Investments, the investment arm of Cisco Systems which specialises in both direct and fund-of-funds investments, and Eight Roads Ventures, the proprietary investment arm of Fidelity International, have announced their investments in SeedPlus, a seed-stage venture fund based in Singapore which was launched by Jungle Ventures in 2015. The fund […]

Oyo rooms raises $250 Million from SoftBank, others

Branded budget hotels marketplace OYO Rooms, which is operated by Oravel Stays Pvt Ltd, is closing a $250-million (INR 1,612 crore) fundraising round led by existing investor SoftBank Group. The recently-launched $100-billion SoftBank Vision Fund is expected to pump in $225 million in OYO, while the rest will come from […]

Toppr raises INR 2.16 Crore funding in bridge round

Mumbai-based Haygot Education Pvt Ltd, which runs ed-tech startup Toppr, has raised an external round of funding in a bridge round. Toppr received the investment from Mauritius-based WGG International Ltd, who put in INR 1.995 crore, and an individual named Nitin Gupta, who invested INR 16.6 lakh in the ed-tech […]

POPxo raises $3.1 Million led by IDG and Kalaari

POPxo, the digital community platform for women, raised fresh funding in a round led by IDG Ventures India and Kalaari Capital. The round also saw participation from GREE Ventures Japan, Phillippines-based Summit Media, Gurmeet Singh, and Atul Goel. Over 80 percent of POPxo’s user base is made up of women […]