Archive News

22/05/2017

This logistics startup gets a INR 200-crore Delhivery from Fosun

Logistics venture Delhivery has received $30 million (about INR 200 crore) in funding from Chinese conglomerate Fosun International as part of a larger equity financing round that also saw the participation from bulge bracket buyout specialist The Carlyle Group. The funding values the six-year-old company at about $650 million.
22/05/2017

Health food startup HealthSutra raises pre-Series A round

HealthSutra, a Hyderabad-based health food maker, has raised an undisclosed amount in pre-Series A funding from social venture fund Ankur Capital and Hyderabad Angels. Fountainhead Foods Pvt. Ltd, which runs HealthSutra, manufactures and markets packaged foods made from millets, i.e, jowar, bajra and ragi.
22/05/2017

Fashion portal Yepme raises funding from Gokaldas Exports

Delhi-based VAS Data Services Pvt Ltd, which runs fashion e-commerce firm Yepme, has raised an undisclosed amount in funding from listed garment exporter Gokaldas Exports Ltd (GEX). The firm will use the funds for the operations of its UK entity, Yepme UK Plc which deals in fashion products exclusively for […]
19/05/2017

Xiaomi to back startups that enhance mobile experience, says India head Manu Jain

Chinese smartphone maker Xiaomi Inc is looking to invest in companies that can help improve mobile and software experience, and whose services can be integrated into Xiaomi phones to provide a superlative experience. The investment could range from a few million dollars to tens of millions of dollars, or even […]
19/05/2017

FreeCharge raises INR 22 Crore from Jasper Infotech

Jasper Infotech, which owns and operates digital payments platform FreeCharge, has made a Rs 22-crore capital infusion in the company. FreeCharge Payment Technologies, at its Board meeting held on April 28, allotted 2.2-crore equity shares at a price of Rs 10 per share to Jasper Infotech.
19/05/2017

Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion

Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of INR 9,000 crore in One 97 Communications which owns mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth […]
19/05/2017

Consumer start-up EzCred raises more than $1 Million in fund

Bengaluru-based consumer lending startup EzCred has raised more than $1 million from a clutch of angel investors in its first round of funding. EzCred has a unique model of offering digital loans at offline points of sale, in contrast to several other online lending startups which offer credit or loans […]
19/05/2017

SoftBank to get $1 bn from Japan’s Sharp for Vision fund

Sharp Corp will invest up to $1 billion in SoftBank Group’s planned $100 billion Vision fund and aims to tap advanced technologies through the investment. Taiwan’s Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm Inc.
18/05/2017

RBI paperwork done, Paytm Payments Bank will open on May 23

India’s leading digital wallet provider Paytm has received a final licence from the Reserve Bank of India for its payments bank, clearing the way for its launch next week.
18/05/2017

Honeywell floats $100 Million venture fund to back tech startups

Honeywell International Inc has launched a $100 million investment fund that will focus on technology startups. Aerospace will be one of the key focus areas of the fund.
18/05/2017

Fintech startup PaySense gets $5.3 Million in Series A

Fintech startup PaySense, which runs a digital credit platform, has raised its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 Million from Nexus Venture Partners and angel investors in 2015.
18/05/2017

The Good Life Company raises $1 Million seed funding

Online luxury tea brand The Good Life Company has raised $1 million in seed funding from actress Ayesha Takia Azmi and her husband Abu Farhan Azmi. Launched in 2016 by former Boston Consulting Group executives Bhuman Dani and Shariq Ashraf, the startup claims to offer over 300 varieties of in-house […]
18/05/2017

Online water pump retailer PumpKart raises seed funding

Online water pump retailer PumpKart has closed a seed round of funding from Ritesh Malik, founder of Innov8 and Project Guerrilla. Launched as a B2C platform to sell pumps online in 2014, PumpKart pivoted to a B2B model in 2016, where it now partners with retailers and sources products directly […]
17/05/2017

Fintech startup Telr gets INR 20 crore from Innovations East fund

Singapore and India-based, emerging market-focused fintech startup Telr has raised $3 millionin a fresh round of equity financing, which has been led by the Innovations East fund. The three-year-old B2B startup will use the proceeds from the Series-B round of funding to further expand its presence, with a particular focus […]
17/05/2017

Nadir Godrej, Anand Piramal back luxury homes developer Isprava

Mumbai-based luxury homes developer Isprava Vesta Pvt Ltd has raised Rs 11 crore in a bridge round of funding from a clutch of high-net-worth individuals. The investors included Godrej Industries Ltd managing director Nadir Godrej and Piramal Group executive director Anand Piramal.
17/05/2017

Bain Capital Ventures to start funding angel investors

A well-known Silicon Valley venture capital firm is taking an unusual approach to technology investing by giving millions of dollars to other investors, rather than to startups themselves. Bain Capital Ventures plans to invest $2 million to $5 million annually, spread across five to 10 angel investors.
17/05/2017

Cocoon Ventures backs agri startup in first known India bet

Dubai-based venture capital fund Cocoon Ventures Pvt Ltd has backed a fresh produce startup in its first known investment in India.
16/05/2017

Kstart invests in Vernacular.ai

Kstart Capital, the seed program of Venture Capital firm Kalaari Capital, has invested an undisclosed amount in a multilingual artificial intelligence platform for businesses. The startup, which was founded by three IIT Roorkee graduates- Sourabh Gupta, Akshay Deshraj and Manoj Sarda, is presently working on multi-lingual conversational agents for financial […]
16/05/2017

Fashion portal Fynd raises $500K from Silicon Valley-based Rocketship

Online fashion marketplace Fynd, run by Shopsense Technologies Pvt Ltd, has raised $500,000 in follow-on Series A funding from Silicon Valley-based venture capital fund Rocketship. Fynd will use the funds to strengthen its tech backbone, optimise operations and enhance customer offerings.
16/05/2017

Hyperlocal delivery startup Genie raises $250K, to resume operations

Chennai-based hyperlocal delivery and logistics startup Genie Solutions Pvt Ltd will resume operations as it has raised $250,000 from a group of unnamed high net-worth individuals (HNIs). The company will focus on attaining scale and being operationally profitable in a year along with creating supplementary products and sources of income.
16/05/2017

Alibaba buys out Nikhil Vora’s stake in Paytm for $23 Million

Chinese e-commerce giant Alibaba Group Holdings has bought out former IDFC Securities equity analyst Nikhil Vora’s stake in One97 Communications, the parent company of leading digital payments major Paytm. The transaction was part of a larger secondary share sale round in which institutional investors Saama Capital, Sapphire Ventures and Reliance […]
16/05/2017

Mswipe Tech acquires PayU India’s offline merchant biz

Mobile point of sale (PoS) solution provider Mswipe Technologies has acquired the offline merchant acquiring business of PayU India. PayU had an offline merchant acquisition team and has so far acquired over 9,000 offline merchants in the country.
15/05/2017

White Unicorn raises $20 Million fund to invest in European startups

White Unicorn Ventures, a Mumbai-based seed-stage investor, has closed its $20-million maiden fund and is looking to deploy a part of the capital in European start-ups. White Unicorn began operations in May 2016 and has already invested a little less than $5 million across 16 start-ups from the fund. Its […]
15/05/2017

Retail e-commerce platform Aequm raises $1 Million seed funding

Aequm Pte Pvt Ltd, a Singapore- and Bangalore-based firm that offers a cloud e-commerce platform for the unorganised retail sector, has secured $1 million in seed funding from undisclosed investors. The funding will be utilized to expand operations.
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