Archive News

23/03/2018

Infosys investing more money in Waterline Data Science

Infosys Ltd is investing an additional $1,500,000 in Delaware, US-based startup Waterline Data Science Inc.
23/03/2018

Aavishkaar invests $5.4 million in breakfast cereal maker Soulfull

Impact investment firm Aavishkaar Venture Management Services Ltd has invested INR 35 crore in Bangalore-based packaged foods startup Kottaram Agro Foods Pvt Ltd, which makes breakfast cereals under the brand Soulfull.
23/03/2018

Balrampur Chini Mills buys into NBFC led by Enam’s Akash Bhansali

Auxilo Finserve Pvt Ltd, a non-banking financial company focussed on the education sector, has raised $5,700,000 from sugar manufacturing company Balrampur Chini Mills Ltd.
23/03/2018

Exfinity Ventures leads seed funding in US-based AgShift

AgShift Inc, a California-based startup which is building an autonomous food inspection system using deep learning, has raised $2 million (Rs 13 crore) in seed funding.
22/03/2018

Zensar Technologies buys Cynosure for $33 million

RPG Group-owned Zensar Technologies has acquired Cynosure for $33 million as it looks to deepen its offerings and expand in the US market, where firms are looking to shed legacy technology and adopt platforms to improve their service.
22/03/2018

Phoenix Group invests in Karuturi Global

The $2-billion Phoenix Group has invested an undisclosed sum in Karuturi Global, a producer and exporter of cut roses, to help the latter pare debt and revive its Kenya operations
22/03/2018

Aspire Systems acquires Poland’s Goyello

Chennai-based Aspire Systems has acquired Goyello, an agile software solutions firm based in Poland and the Netherlands for an undisclosed amount.
22/03/2018

Insight Venture Partners leads Series C round in Chargebee

Chennai-based cloud billing solutions provider Chargebee has secured $18 million (INR 117 crore) in a Series C investment round led by New York-based Insight Venture Partners.
21/03/2018

Micromax invests in app aggregator One Labs

Homegrown handset maker Micromax Informatics Ltd has invested an undisclosed sum in consumer technology and artificial intelligence-based startup One Labs.
21/03/2018

Hitachi arm invests in industrial IoT startup Flutura

Industrial internet of things startup, Flutura Decision Sciences and Analytics, has raised $1 million in a fresh round of funding from an arm of Japanese conglomerate Hitachi Ltd.
21/03/2018

Fireside Ventures marks final close of debut fund at $52 million

Fireside Ventures, an early-stage consumer-focused venture fund, has marked the final close of its debut fund at INR 340 crore (about $52 million), surpassing the original target corpus of INR 300 crore.
21/03/2018

Omidyar Network leads Series A investment in customer engagement startup

ZineOne Inc, a customer engagement platform powered by artificial intelligence, has raised around INR 16 crore in a Series A round of funding led by impact investor Omidyar Network.
20/03/2018

Impact Micro Ventures, mPokket to get $50,000 each from VilCap

Two early stage financial health startups, Impact Micro Ventures and mPokket, will receive offers of $50,000 each, from VilCap, the venture capital fund affiliated with Village Capital, with support from PayPal, BlackRock and FMO.
20/03/2018

pi Ventures leads pre-Series A round in B2B startup Customer Success Box

San Francisco- and Gurgaon-based Customer Success Box, an enterprise-based customer management platform, has raised $1 million in a pre-Series A funding round led by early-stage venture capital firm pi Ventures.
20/03/2018

Dabur’s Amit Burman leads investment in raw meat e-tailer Zappfresh

DSM Fresh Foods Pvt Ltd, which runs raw meat e-tailer Zappfresh, has raised INR 20 crore ($3 million) led by Dabur’s Amit Burman.
19/03/2018

OYO acquires Chennai’s Novascotia Boutique Homes

Online hotel aggregator OYO has acquired Chennai-based service apartment operator Novascotia Boutique Homes, marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay segment.
19/03/2018

Alteria Capital backs read-to-cook food startup Fingerlix in debut deal

Venture debt firm Alteria Capital Advisors LLP has invested an undisclosed amount in ready-to-cook food startup Fingerlix in its maiden deal.
16/03/2018

SoftBank leads $62 million round in Indian online grocer Grofers

Online grocer Grofers is raising a INR 400-crore ($62 million) funding round led by existing investor SoftBank, which is looking to increase its shareholding to 35-40 per cent in the Indian company
16/03/2018

Ideaspring Capital, The Hive invest in AI startup Peritus

Artificial intelligence startup Peritus has raised $2 million (INR 12 crore) in funding from early-stage venture capital firm Ideaspring Capital and early-stage fund The Hive.
16/03/2018

Wipro picks up minority stake in US-based startup Avaamo

Wipro Ltd has picked up a minority stake in US-based artificial intelligence startup Avaamo Inc for USD 2,002,000.
16/03/2018

Elevar Equity-backed agri-tech startups merge to create new entity

Agritech startups Sabziwala and LivLush, which are both backed by impact VC fund Elevar Equity, have merged their businesses under a new entity named Kamatan.
15/03/2018

Tracxn founder, former Flipkart exec invest in CTO recruitment startup

Purple Quarter, a startup which scouts for top technology executives, has raised an undisclosed amount in angel funding from Abhishek Goyal, founder of data analytics firm Tracxn, and former Flipkart executive Mekin Maheshwari.
15/03/2018

HT Media to invest in social commerce platform Sagoon

HT Media Ltd has agreed to invest $5 million in US-based social commerce platform Sagoon Inc.
15/03/2018

Omidyar invests in parenting social network Healofy

Healofy, a pregnancy-parenting social network, has raised $1 million in seed funding from impact investor Omidyar Network.
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