Archive News

07/09/2016

PremjiInvest invests about INR 200 crore in eyewear portal Lenskart

Early stage investor IDG Ventures India will earn handsome returns as it sells a portion of its holding in eyewear portal Lenskart to Wipro chairman Azim Premji’s family office — PremjiInvest — which has invested about INR 200 crore in the Delhi-based company. PremjiInvest, through its entity PI Opportunities Fund-II, […]
06/09/2016

Online fashion marketplace Zilingo raises $8Million in Series A funding from Venturra Capital, Sequoia India , others

Bangkok-based Indian e-commerce company, Zilingo, has raised $8 million from Venturra Capital, Sequoia India and Susquehanna International Group. The funding will be utilized  to capture new markets such as Indonesia and increase presence in Singapore and Thailand by on boarding more sellers.
06/09/2016

Social Quotient raises undisclosed funding from Anita And Yash Dongre

Designer Anita Dongre and son Yash have partnered with Milind Sarwate, former CFO of Marico and founder of Increate Value Advisors, to invest an undisclosed amount in a startup with a social cause -Social Quotient.Social Quotient is a group of social enterprises in the domain of water, digitisation, social cause […]
06/09/2016

Software development company Zybo Tracking Solutions raises funding from Netherlands-based Grasshoppers

Zybo Tracking Solutions, a start-up incubated in KSIDC’s business incubation centre, has raised foreign equity investment from the Netherlands-based Grasshoppers.The funding will be utilized to develop and market the application – Trackbizz — a cost-effective field force automation system, enabling managers to track their field force and manage their field […]
06/09/2016

Online real estate advisor PropTiger acquires PropRates

Online real estate advisor PropTiger has acqui-hired Mumbai-based start-up PropRates, which is a pioneer in data collation tools and first in the industry who gathers actual real estate transaction data. With this acquisition, PropTiger aims to provide consumers real-time access to actionable price related information on the property market.
06/09/2016

Nova Gaming Ventures in talks to raise $5 Million

Gurgaon-based gaming platform startup Nova Gaming Ventures is in talks with multiple investors to raise $5 million to fund its expansion plans. The company, which had launched its gaming platform NovaPlay in April this year, is now looking to expand into mobile gaming space.
05/09/2016

Arvind Retail acquires Freecultr to boost its omnichannel portal Nnnow

Arvind Internet, the online arm of the textile manufacturer and flagship company Arvind Ltd has acquired private label ecommerce company Freecultr. The core team and founding members were expected to join Arvind as the part of the deal.
05/09/2016

Sequoia-backed Voonik acquires styling app Dekkoh

Voonik Technologies Pvt Ltd, which operates the fashion app Voonik has acquired styling and personalization app Dekkoh for an undisclosed amount. Dekkoh connects over 200 stylists to consumers seeking fashion advice. It was designed as a fashion discovery platform that allows users to chat with a stylist and buy clothing […]
05/09/2016

Online fast fashion brand StalkBuyLove raises funding from Fabindia’s William Bissell

Ethnic retailer Fabindia’s MD William Bissell has invested an undisclosed amount in online fast fashion brand StalkBuyLove. This is an extension of the e-tailer’s last round of funding when it had raised about $1.5 million from Silicon Valley incubator 500 Startups and German venture fund Littlerock earlier this year. The […]
02/09/2016

RIL to create a INR 5,000 crore fund to invest in tech start-ups

Reliance Industries Ltd (RIL) chairman Mukesh Ambani anounced that the company is setting up a INR 5,000 crore fund—Jio Digital India Startup Fund—to invest in digital businesses. The corpus will be invested over the next five years. The company will also be setting up entrepreneurship hubs in key cities and […]
01/09/2016

Gaja Capital strikes third deal from new fund; Looks to end 2016 on a high

Private equity firm Gaja Capital has invested INR 30 crore in small finance bank licensee Suryoday Micro Finance, marking its third investment from its latest fund. The transaction follows investments made by the Mumbai-headquartered mid-market investor in frozen bakery and confectionery producer and supplier Bakers Circle, and in sports and […]
01/09/2016

Mountain Capital to invest in Paytm

Mobile payments firm Paytm announced that Mountain Capital will make an investment in the company, which will allow the consumer brand of One97 Communications to accelerate and a develop vibrant mobile ecosystem. The funding will be utilized for expansion and scaling up, boosting payments and commerce and building and launching […]
01/09/2016

Casino & hotel operator to buy online gaming startup adda52 for $27 Million

Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52 in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million). Post the first leg of the transaction, which is expected to be completed by […]
01/09/2016

AI startup Mad Street raises funding from Sequoia, existing investors

Artificial intelligence start-up Mad Street Den Systems Pvt Ltd has raised an undisclosed amount in a Series A funding round from Sequoia Capital and its existing investors Exfinity Venture Partners LLP and GrowX Venture Management Pvt Ltd. The funding will be utilized to expand further into global markets. The company […]
01/09/2016

Indore-based startup EngineerBabu raises INR 1 crore from Scale Ventures

Indore-based startup EngineerBabu has raised INR 1 crore from Scale Ventures. The company, which is into IT services including developing websites and mobile-based applications, plans to use the funds to turn into a business-to-business marketplace for IT services and help connect international companies with local IT service providers.
01/09/2016

Lucideus raises 3rd round of angel funding in two months

Lucideus, an IT Risk Assessment and Digital Security Services startup has receiving angel funding from Motilal Oswal Private Equity’s director, Amit Choudhary. This is the third round of angel funding the startup has received since June this year. Ranging between $50,000-100,000, the startup has attracted funding from early investors in […]
01/09/2016

YourNest to invest in robotics, blockchain and IoT startups

Investment firm YourNest Angel Fund aims to raise a larger corpus that will help the early-stage fund write larger cheques and also provide growth capital for portfolio companies. The Gurgaon-based firm, which is awaiting regulatory approval for the new fund, plans to raise up to INR 300 crore. The firm […]
01/09/2016

Home services startup Renowala raises funding

Hyderabad-based on-demand marketplace for home improvement services Renowala secured a second round of seed funding from FMCG veteran Pradeep Dhobale. The funding will be utilized for talent acquisition.The company is also looking at raising one more round of seed funding worth Rs 2 crore for their expansion plan.
31/08/2016

Sony acquires Zee’s TEN Sports for $385Million

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. […]
31/08/2016

Personal mobile assistant app Mihup secures $6.7 Million from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs INR crore  from Accel Partners. The VC firm is picking up 20% stake in the startup. The funding will be utilized to develop the software and hardware of Mihup’s speech recognition system […]
31/08/2016

IDG Ventures, Paytm founder back fashion rental startup Flyrobe

Online fashion rental portal Flyrobe has raised INR 35 crore in its second round of funding led by IDG Ventures, with the participation of Tokyo-based GREE Ventures and existing investor Sequoia India. The funding will be utilized to expand to five more cities including Hyderabad, Bangalore, as well as to […]
31/08/2016

Nutanix acquires software deployment solutions startup Calm.io.

Enterprise cloud solution provider Nutanix has acquired the Sequoia-backed startup. This offers a platform for smooth transitioning of software and applications to their newer updates. It has 43 employees. Its engineering team operates out of its office in Bengaluru.  Calm.io, which facilitates most of its engineering work from India will […]
31/08/2016

Quintillion Media, others back matchmaking app for differently abled Inclov

Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl- led digital news venture Quintillion Media Pvt Ltd. The funding will be utilized for redesigning the Android […]
30/08/2016

Foodpanda eyes fresh funds, may opt for sale

The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently mandated Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as […]
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