Archive News

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.
15/05/2017

Startup platform 5F World invests in Live History India

Ganesh Natarajan, former chief executive officer of Zensar Technologiesand chairman of Nasscom Foundation, and Cyrus Guzder, former promoter of AFL which was acquired by FedEx, have invested in digital content platform Live History India. Natarajan made the investment through his 5F World startup platform. The LHI platform will showcase historical […]
15/05/2017

IdeaSpring Capital makes its fourth investment in Zapty

Early-stage venture fund IdeaSpring Capital has made its fourth investment in workflow process management startup Zapty. The startup’s SaaS platform for cloud-based work management lets vertical teams and departments use Zapty’s proprietary micro work flow technology to work independently and collaborate real-time.
15/05/2017

Women’s sanitary pad maker startup Elize raises seed fund

Women’s sanitary pad maker startup Elize, that started its operations in January this year, raised an undisclosed amount of seed investment from leading angel investors like Sunil Kalra, Arun Venkatachalam from Murugappa Group, Startup Buddy Ventures and senior members from Arthur D Little Adnan Merhaba, Viditha Kanakamedala and Rohit Sethi. […]
12/05/2017

Nanotechnology startup Log 9 Materials raises funds from GEMs

Bangalore-based nanotechnology startup Log 9 Materials has raised an undisclosed amount in pre-Series A funding from Delhi-based venture capital firm GEMs. Incubated at the TIDES Incubation Centre of IIT Roorkee in November 2015, Log 9 Materials is attempting to create commercial nanotech products/technologies which can either be launched as a […]
12/05/2017

CapAleph, Zephyr invest INR 30 crore in agri startup Utkal Tubers

CapAleph Indian Millennium SME Fund and Zephyr Peacock India Fund have invested INR 30 crore in early-stage agri startup Utkal Tubers. Utkal Tubers, a potato seeds company, completed a year of operation in March 2017, producing 1,000 tonnes of potato seeds last year.
12/05/2017

Legal Raasta raises $5 Million in Series A round

Legal Raasta Technologies Pvt Ltd, which provides legal services to small and medium-sized enterprises (SMEs), entrepreneurs and professionals through an online platform, has raised its Series A round of funding from a North India-based growth-stage venture capital firm. The company, which runs its services through legalraasta.com, has raised nearly $5 […]
11/05/2017

Happiest Minds acquires specialised IoT company Cupola Technology

Bengaluru-based tech firm Happiest Minds Technologies has acquired specialised IoT(internet of things) services company Cupola Technology for an undisclosed amount. Founded in 2011 Cupola’s 100-memeber team will join Happiest Minds.
11/05/2017

B2B e-commerce startup Book My Diamond raises first funding round

Mumbai-based Book My Diamond Pvt Ltd, which buys loose diamonds from manufacturers and sells them to jewellers via an app, has raised an undisclosed amount in its maiden funding round from three individual investors. Book My Diamond allows jewellery retailers to search its live inventory of loose, certified diamonds and […]
11/05/2017

Online lending startup EarlySalary raises $4 Million from IDG, Dewan Housing

Social Worth Technologies Pvt Ltd, which runs online lending platform EarlySalary, has raised $4 million (INR 26 crore) in its Series A funding from IDG Ventures India and mortgage lender Dewan Housing Finance Corp. The startup, which offers salary advances and loans to young working professionals, will use the capital […]
11/05/2017

AI startup Niki.ai gets foreign VC fund on board

Bengaluru-based artificial intelligence (AI) startup Niki has raised fresh funds from a foreign investor.
11/05/2017

Storage startup ION Energy gets undisclosed amount of angel funding

Mumbai-based ION Energy, an energy storage startup, has received an undisclosed amount of angel funding from a clutch of investors. ION Energy specialises in creating a layer of infrastructure to enable the adoption of electric vehicles in India.
10/05/2017

Devourin raises seed funding from Deepak Nathani

Devourin, a restaurant automation solution provider, has raised an undisclosed amount of seed funding from Relfor Labs’ Deepak Nathani. Devourin offers a cloud-based platform for different kind of food businesses.
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