Archive News


Online tutoring platform Vedantu raises USD 11 million led by Omidyar Network

Vedantu, an online tutoring platform raised USD 11 million in a Series B funding round led by Omidyar Network for technology expansion and deeper penetration in tier 2 and 3 cities.

Bertelsmann invests more in Roposo at lower valuation

Roposo, a social platform for sharing photos and videos raised INR 12 crore in a fresh round of funding from Bertelsmann India Investment

Naukri parent puts more money in B2B footwear marketplace ShoeKonnect

Info Edge (India) Ltd, the parent of job portal Naukri,com and real estate website 99acres,com, invested INR 3 crore (USD 422,000) more in online business-to-business footwear marketplace ShoeKonnect

IvyCap Ventures invests in P2P lending startup Lendbox

Lendbox, a peer-to-peer lending and credit marketplace raised an undisclosed amount in a pre-Series A round of funding from venture capital firm IvyCap Ventures Advisors Pvt Ltd

UK-based angel investors back wealth management app CashRich

Wealth management app CashRich, owned by Thane-based CR Fintech Pvt Ltd, has raised angel funding worth USD 1 million (INR 7 crore) from three undisclosed UK-based individuals.

MagicPin parent raises USD 20 million in round led by Lightspeed US

Samast Technologies, the owner and operator of discovery and rewards platform MagicPin, has raised about USD 20 million from investors led by Lightspeed Venture Partners US.

Payments firm InstaReM marks first close of Series C round at over USD 20 million

Singapore-headquartered digital cross-border payments firm InstaReM Pte Ltd has marked the first close of its Series C funding round at over USD 20 million led by new investor MDI Ventures and Beacon Venture Capital.

Everstone-backed Crystal Crop may buy 3 brands from Syngenta India

Crystal Crop Protection Ltd, a specialty chemicals company, is acquiring three brands of Syngenta India Ltd as the company continues its focus on inorganic opportunities to pursue growth.

ZoloStays in talks to raise USD 30 million

Bengaluru-based co-living and home rental startup ZoloStays Property Solutions is in talks with South Korean financial services firm Mirae Global Asset Management to raise a USD 30-million round of funding.

Arali Ventures marks first close of debut seed fund

Arali Ventures has marked the first close of its debut seed fund which seeks to invest in enterprise-tech startups in India.

SoftBank set to dispatch USD 450 million to Delhivery

SoftBank Group Corp, the world’s largest technology investor, is in the final stages of sealing a USD 450 million investment in Delhivery.

Korean, Japanese investors to back mobile gaming startup Mech Mocha

Bengaluru-based mobile gaming startup Mech Mocha Game Studios Pvt Ltd is raising up to USD 10 million (INR 71 crore) as part of its ongoing Series B funding round

Impact investor BlueOrchard offers more debt funding to microlender Aye Finance

Non-banking financial company Aye Finance has raised INR 72 crore (USD 10 million) in debt funding from Switzerland-based impact investor BlueOrchard Finance

SAIF Partners leads Series A investment in industrial IoT firm DeTect

DeTect Technologies, an industrial Internet of Things (IIoT) startup, has raised close to USD 3 million (around INR 23 crore ) in a Series A round of funding led by multi-stage investment firm SAIF Partners

Akshaypat Singhania is looking to invest INR 100 cr in startups

Akshaypat Singhania chairman and managing director at JK International is stepping into the startup space, allocating INR 100 crore towards backing early-stage ventures.

Signzy lands INR 24 crore from Stellaris, others

Signzy, which provides digital onboarding solution for financial institutions, has secured INR 24 crore from a clutch of investors led by Stellaris Venture Partners and Kalaari Capital.

MergerWare gets pre-Series A funding

MergerWare, which provides software solutions to aid integration related to mergers and acquisitions (M&A), has raised an undisclosed amount in pre-Series A funding from Mori Beheshti, global vice-president of M&A at electric equipment maker Schneider Electric.

Angel investors back Genius Corner

Edtech startup Genius Corner has raised INR 2 crore in an angel round of funding from a clutch of angel investors including Ranbir Singh, Mahesh Mohta, Lakshmikantan Sundereswaran, Dipak Varshney, and Puneet Garg.
20/11/2018 acquires health company Seraniti

Healthcare startup Cure fit is boosting its mental wellness business Mind fit with the takeover of Bengaluru-based mental health platform Seraniti.

Anicut Capital invests in smartphone recommerce startup Yaantra

Delhi-based smartphone refurbishing and resale platform Yaantra has raised around USD 2 million in venture debt from alternative investment firm Anicut Capital

Angel investor backs social platform for artists SkillBox

Gurugram-based social network and discovery platform for artists, SkillBox, has raised undisclosed seed funding from US-based angel investor Sandip Ranjhan.

Chiratae, Gates Foundation back agri-tech startup CropIn in Series B round

Agri-tech firm CropIn Technology Solutions Pvt Ltd has raised USD 8 million in its Series B round from venture capital firm Chiratae Ventures (formerly IDG Ventures India) and Bill & Melinda Gates Foundation.

IDG, Blume-backed HealthifyMe tops up Series B funding round

Health and fitness app HealthifyMe, owned by HealthifyMe Wellness Pvt Ltd, has raised USD 6 million in an extended Series B round from existing investors.

Sportido raises pre-series A funding from IPV

Sportido, a Delhi-based sports social network and marketplace secured an undisclosed pre-Series A round funding from Inflection Point Ventures (IPV), an early stage investment group.