Archive News


PhonePe to acquire PoS platform of Tiger Global-backed Zopper

PhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service (SaaS) platform run by Tiger Global-backed Zopper.

Neoplux, Sabre Partners lead Series A round in B2B food-tech startup HungerBox

Bengaluru-headquartered HungerBox, an online platform that connects caterers and corporates, has raised INR 31 crore in a Series A investment round led by South Korea-based investment firm Neoplux and India-centric mid-market private equity firm Sabre Partners.

InnoVen Capital backs executive education firm Eruditus

Eruditus Education Pvt Ltd, which offers executive learning programmes globally, has raised INR 16 crore in venture debt from InnoVen Capital.

Inventus aims at first close of USD 25 million for maiden India fund

Venture capital (VC) firm Inventus Capital is in the process of making a first close of INR 175 crore for its third fund by early next month, Inventus is targeting a total corpus of INR 325 crore for the fund.

LoanTap raises INR 43 crore, equity funding round led by Shunwei Capital

Digital lending company LoanTap has raised INR 43 crore in an equity funding round from Shunwei Capital,Tuscan Ventures and Ashish Goenka, owner of Suashish Diamonds.

E-commerce enabler Anchanto raises USD 4 million as part of Series C round

Anchanto, a Singapore- and Pune-based e-commerce fulfilment platform has raised $4 million (Rs 27 crore) as part of the first close of its Series C round from MDI Ventures, Indonesia-based telecommunications major Telkom Indonesia, Luxasia Group, the Singapore-headquartered omnichannel retailer.

Anshu Jain-backed InCred may raise up to USD 93 million, plans wholesale lending foray

Mumbai-based InCred Finance plans to begin wholesale lending from August and is in talks to raise around INR 500-600 crore in fresh funding.

NEA, Goldman Sachs lead USD 250 million investment in Automation Anywhere

Indian-origin founders’ Automation Anywhere, based in Silicon Valley, has raised one of the largest Series A rounds in the venture capital ecosystem worth USD 250 million from New Enterprise Associates (NEA), Goldman Sachs ,Growth Equity General Atlantic as well as World Innovation Lab.

DSG Consumer Partners, others to invest more in fintech firm IndiaLends

GC Web Ventures Pvt Ltd, which operates online lending marketplace IndiaLends, is in the process of raising INR 64 crore in fresh capital from Existing investors DSG Consumer Partners, American Express Ventures and Chinese investment firm Cyber Carrier VC.

Ajay Relan, others back Biryani By Kilo in pre-Series A round

Sky Gate Hospitality Pvt Ltd, which runs food startup Biryani By Kilo (BBK), has raised USD 1 million in another pre-Series A round of funding from a clutch of investors led by Ajay Relan, co-founder and former managing partner of private equity firm CX Partners.

Y Combinator invests in Leena AI

Gurugram-based HRtech startup Leena AI has secured an undisclosed amount of investment from US-based investor Y Combinator.

The Chennai Angels, Keiretsu invest more in auto services startup GoBumpr

Northerly Automotive Solutions Pvt Ltd, which operates automobile services platform GoBumpr, has raised USD 600,000 (around INR 4 crore) in a pre-Series A round of funding from existing investors The Chennai Angels (TCA) and global investor network Keiretsu Forum.

Angel investors back parent of Frapperz following pivot to AI-based recruitment

NumeroSeven Technologies Pvt Ltd an artificial intelligence-based recruitment platform has raised an undisclosed amount from Australia-based healthcare entrepreneur Shiva Gunapuand other clutch of investors.

Technogram Solutions stealth-mode travel startup raised INR 5 crore

Technogram Solutions, a SaaS offering for corporate and B2B travel consolidators to increase productivity and grow business, raised INR 5 crore equity financing from a group of angel investors

Social startup Muskaan Dreams raises INR 1.5 crore funding from Vedanta Group

Muskaan Dreams, a youth-driven non-profit social startup, has raised INR 150 lacs from Hindustan Zinc Limited, part of the Vedanta Group

Recommerce startup Cashify raises USD 12 million from Morningside, CDH, others

Online used-phone seller Cashify has raised USD 12 million led by China’s private equity firm CDH Investments and early-stage fund Morningside Ventures along with strategic investor AiHouShou

CRM startup Hashtag Loyalty raises funding to focus into AI-powered marketing

Customer relation management (CRM) and automation startup Hashtag Loyalty has raised an undisclosed amount in a Seed funding round from New York-and Delhi-based seed stage focused investor Ahimsa Capital.

Online education startup Edureka raises USD 2 million from Leo Capital India

Online education start-up Edureka has raised USD 2 million in its first round of funding from venture fund Leo Capital India as it seeks to achieve growth targets and bring senior leadership on board

Amazon, others to invest in bus aggregation platform Shuttl

Bus aggregation platform Shuttl is set to raise USD 11 million in a fresh round of funding from a clutch of investors including e-commerce behemoth Amazon

Wow Express raises USD 4.5 million to expand to over 100 cities by 2019

Mumbai-based ecommerce delivery platform Wow Express has raised USD 4,500,000 in a Series A round of funding from the existing investor Tamarind Family Private Trust of the Mansukhani family.

Times Internet acquires majority stake in MX Player for USD 146m

India’s Times Internet Ltd bought a majority stake in MX Player for over INR 10 billion (USD 146 million), as it ventures into the video streaming space.

Creation Investments invests afresh in money transfer firm Eko

Gurugram-based Eko India Financial Services Pvt Ltd, which provides domestic remittance services, has raised INR 10 crore from US-based impact investor Creation Investments

Sprout Venture Partners, others back maker of healthy snack bars

Wholesome Habits Pvt Ltd, which sells healthy snack bars under the brand name Eat Anytime, raised USD 500,000 in seed funding from early-stage investment firm Sprout Venture Partners and a few high-net-worth individuals

Sequoia Capital starts raising money for sixth India-focused fund

Global venture capital firm Sequoia Capital has formally kicked off the process of raising money for its sixth India-dedicated fund.