Archive News


PharmEasy raises Rs 111 crore in Series-B round

Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors. PharmEasy’s latest round of funding was led by Silicon Valley’s Bessemer Venture Partners and Mumbai-based Orios Venture Partners as well as Aarin Capital also participated […]

$100 million Delhivery from Carlyle as e-commerce logistics hots up

Carlyle Asia Partners IV (CAP IV) has led a $100 million (Rs 655 crore approx) funding round for e-commerce logistics company Delhivery for a significant minority stake in the company. Existing investor Tiger Global also participated in the round which values the company at close $700 million (Rs 4700 crore).

BabyOnBoard gets seed funding from Anant Pandit, others

BabyOnBoard, a Bangalore-based parenting startup, has received an undisclosed amount of seed funding from Gana Yantrika Systems Anant Pandit. BabyOnBoard which helps parents save memories of their baby and share the parenting journey with family and friends, will use the money for product development and enhacing user experience.

PE fund Paragon Partners invests $15m in 2 companies

Private Equity (PE) fund Paragon Partners has invested $15 million (INR 100 crore) in two Indian companies-INR 75 crore in Cravetex Brands Ltd and INR 25 crore in InCred Finance.

Accel Partners invests in Pi Ventures’ maiden VC fund

Venture capital firm Accel Partners has invested an undisclosed amount in early-stage venture fund Pi Ventures. Pi Ventures backs early-stage startups that focus on solving problems in healthcare, logistics, retail, fin-tech and enterprise sectors using artificial intelligence, machine learning and Internet of things.

Retail tech startup Mobisy Technologies raises bridge round

Bangalore-based Mobisy Technologies Pvt Ltd, which operates supply chain automation platform Bizom and mobile marketplace app Distiman, has raised $382,000 in a bridge round from existing investor Ojas Ventures and two undisclosed angel investors. The fund raised will be used to expand Distiman geographically and scale up Bizom’s operations.

Lyft acquires Pune-based startup FinitePaths

Ride-sharing app Lyft has acquired Pune-based startup FinitePaths for an undisclosed valuation. Following the acquisition, the app built by FinitePaths will be shut down and the cofounders will join the Lyft team.

Pregnancy & baby care products startup The Moms Co. raises seed round

Amishi Consumer Technologies Pvt Ltd, which runs pregnancy and baby care products firm The Moms Co, has raised an undisclosed amount in seed funding from co-founder of food startup Fingerlix and beverages firm PaperBoat Shripad Nadkarni, Nestle executive Nandu Nandkishore, and senior partners from McKinsey. It will use the funds […]

Social startup Haqdarshak raises angel funding, $2 Million commitment

Bangalore-headquartered Haqdarshak Empowerment Solutions Pvt Ltd, a tech-enabled social enterprise, has raised close to $191,000 in angel funding from a clutch of investors, including WonderChef managing director Ravi Saxena and former Infosys executive Sandeep Raju. Besides, for its pre-Series A funding round, the startup has secured in-principle commitment from three […]

Sequoia, Fosun invest $15 Million in travel marketplace ixigo

Gurgaon-based Le Travenues Technology Pvt Ltd, which runs online travel search engine ixigo, has raised $15 million (about INR 100 crore) in a Series B funding round led by Sequoia Capital. The funds will be used largely on product and tech enhancement, and growth.

Former Karnataka CM to back cab aggregator HDK Cabs

Former Karnataka Chief Minister HD Kumaraswamy plans to invest up to INR 50 crore in new  mobile-based cab-hailing venture, HDK Cabs. Kumaraswamy would make an initial investment of  INR 2- 3 crore, which could go up to INR 50 crore in the next two years.

IFC to invest $3 Million in pi Ventures’ maiden fund

pi Ventures, an early-stage venture capital firm, which recently marked first close of its maiden fund, has received an investment commitment of $3 million from the International Finance Corporation. The Bangalore-based VC firm plans to invest in 18-20 startups from this fund over a 3-4 year time frame.

MyGlamm gets a INR 35 Crore springboard

On-demand beauty services provider MyGlamm has raised INR 35 crore from French cosmetic giant L’Occitane to expand its offerings in India ahead of beginning operations overseas. MyGlamm, seeking to establish itself as a fullstack beauty business, is preparing to introduce about 100 makeup products in India by July and take […]

Draper ready to cut $1 Million cheques in India

Timothy Cook Draper, the founder of venture capital firm Draper Associates, wants to resume investing directly in early-stage Indian startups almost a year after he exited the country. The American venture investor plans to write cheques of about $1 million each, on average, for Indian startups working in areas such […]

Hiring startup PMaps Assessment raises angel funding

Mumbai-based analytics-driven hiring services provider PMaps Assessment, which is run by PMaps HR Consultants Pvt Ltd, has raised its first external funding from a group of Pune-based investors. The investment was led by angel investor Shubhangi Jadhav.

Kalaari Capital leads Series A round in payments start-up Airpay

Airpay Payment Services Pvt Ltd, a start-up that runs omni-channel payments platform Airpay, has raised series A funding of INR 24 crore led by venture capital firm Kalaari Capital, with participation from existing investors Rakesh Jhunjhunwala and Rajesh Jhunjhunwala. Airpay is a payments platform through which enterprises can make and […]

Marico buys 45% stake in men’s grooming brand Beardo

Indian consumer goods company Marico has acquired 45% stake in men’s grooming brand Beardo. With this acquisition, Marico is set to strengthen its portfolio and stake in the men’s grooming market currently worth INR 3,200 Crores.

PickMyLaundry acquires OneClickWash in all-cash deal

New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as […]

Agri-tech startup FarMart raises seed funding from IAN

Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment. Through its technology-enabled platform, FarMart helps farmers rent their underutilised agricultural machinery to small and marginal farmers in need of it on a pay-per-use basis via a mobile app and call centre.

Big data company Infoworks raises $15 Million from Centerview Capital, Nexus

Data warehousing company Infoworks Inc has raised $15 million (INR 98 crore) in its Series B round of investment led by Centerview Capital Technology. The funding will be utilized to scale up its go-to-market and customer success programmes to meet customer demand.

Quona to invest 30% of its $141 Million fintech-focused fund in India

Global venture capital firm Quona Capital, which recently launched a $141-million fintech-focused fund for emerging markets, plans to invest about 30% of the fund’s corpus in India. Quona Capital, which was earlier an entity within Accion called the Frontier Investment Group, has split and is now a separate entity.

Tech accessories e-tailer raises $3.3 Million from Ashish Dhawan, Mathew Cyriac and others

Hyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore in its latest round from both new and existing investors.The funding will be utilized to meet growth capital requirements for its subsidiary LatestOne.Com, a vertical focused on e-commerce that sells mobile accessories online. Besides this, the […]

Home services startup Frapperz raises $100K in seed funding

On-demand home services provider Frapperz has raised $100,000 in seed funding from a group of investors led by an Australia-based healthcare entrepreneur. Frapperz curates home services professionals for a slew of handyman services as well as for photography, home décor and electronics. It is operational only in Kolkata.

Karnataka govt announces $1.5 mn fund for women entrepreneurs

In a move that would give a fillip to entrepreneurship among women, the Karnataka government announced an INR 10 crore Idea2POC (idea to proof of concept) fund on International Women’s Day. As part of this initiative, women entrepreneurs can participate in an open house, where they will be able to […]