Archive News


Mark Mobius, others invest in online parenting platform BabyChakra

BabyChakra, an online portal which connects parents to services and products for babies, has raised an undisclosed amount of funding from veteran emerging markets fund manager Mark Mobius; Equanimity Ventures and a clutch of individuals.

Temasek, DENSO & others invest in AI hardware firm ThinCI’s Series C round

US-headquartered artificial intelligence hardware startup ThinCI Inc has raised USD 65 million in its Series C round of funding led by existing investor, Japan-based automotive components manufacturer DENSO, and its subsidiary NSITEXE Inc.

Tencent leads USD 100 million investment in fantasy sport platform Dream11

Tencent Holdings Ltd has invested USD 100 Million in Dream11 Fantasy, which operates an eponymous fantasy sport website, as part of its Series D funding.

Gray Matters Capital, Keiretsu Forum back ed-tech startup SRJNA

Jaipur-based experiential learning startup SRJNA has raised an undisclosed amount of funding from impact investor Gray Matters Capital’s edLABS initiative, angel network Keiretsu Forum and SucSEED Venture Partners.

Artha Venture Fund backs tea kiosk chain Haazri

Chotta Haazri Foods Pvt Ltd, which operates tea kiosks in Mumbai under the brand Haazri, has raised around USD 180,000 in a seed round of funding from early-stage investment firm Artha Venture Fund.

Peter Thiel’s Mithril Capital leads big Series C round in GreyOrange

Singapore and Gurugram-based GreyOrange has raised USD 140 million in a Series C investment round led by US-based investment firm Mithril Capital.

INR 81 crore for Chaayos from SAIF Partners, others

Chaayos has raised INR 81 crore from marquee venture capital firm SAIF Partners, Hong Kong-based Integrated Capital and Singapore-based growth stage investment firm Pactolus.

Lighthouse India invests around USD 15 million for minority stake in Nykaa; TVS Shriram exits

Lighthouse India Fund III Ltd, an affiliate of consumer-focused private equity firm Lighthouse Advisors, has invested INR 113 crore for a minority stake in beauty and wellness startup Nykaa through a secondary share sale.

SIDBI’s venture capital arm bets on hygiene products maker

SIDBI Venture Capital Ltd’s India Opportunities Fund has invested INR 10 crore in, Walmark Meditech Pvt Ltd, a company that makes diapers and sanitary pads.

Persistent Systems buys Herald Tech

Persistent Systems has fully acquired US-based healthtech startup Herald Technologies Inc for around USD 5 million.

Ebix acquires Miles for USD 19 million

Ebix, through one of its Indian subsidiaries, has signed an agreement to acquire Mumbai-based Miles Software for about USD 19 million.

IIM-Ahmedabad’s CIIE backs sports footwear startup Heelium

Heelium Sports Pvt Ltd, a startup which makes customised running shoes, has raised an undisclosed amount in seed funding from Centre for Innovation, Incubation & Entrepreneurship (CIIE).

Chinese accelerator invests in budget eyewear retailer ClearDekho

Online eyewear marketplace ClearDekho has raised an undisclosed amount in fresh funding from Chinese accelerator SOSV-MOX.

India’s Oyo Rooms likely to get backing of Didi Chuxing to boost China presence

Hotel chain Oyo Rooms is expected to get the backing of Chinese ride-hailing giant Didi Chuxing in a fresh funding round.

LT Foods raises around INR 140 crores from Rabo Equity for its organic food unit

LT Foods Ltd, known for its rice brand Daawat, has raised INR 140 crore from existing investor Rabo Equity Advisors for its wholly-owned subsidiary Nature Bio Foods Ltd (NBFL) in lieu of an equity stake.

Manipal Group to acquire minority stake in Cigna TTK Health Insurance

Manipal Group will be acquiring a 16% stake in healthcare insurance provider Cigna TTK Health Insurance Co Ltd for an undisclosed amount.

Singapore’s RB Investments bets on two Indian companies

Singapore-based boutique venture fund RB Investments has invested in management consultancy services firm Creando Associates Pvt Ltd and textile care company SB Fabcare.

FinUp finances SlicePay in Series A, deal estimated at USD 15 million

Fintech startup Slice-Pay, which offers instant credit to students and young professionals, has raised Series-A funding  estimated at USD 15 million led by Chinese lending company FinUp Finance Technology Group.

Lightspeed, DST Global inject fresh capital into B2B marketplace Udaan

Hiveloop Technology Pvt Ltd, which operates business-to-business e-commerce platform Udaan, has raised USD 225 million in its Series C round of funding from its existing investors DST Global.

Online pharmacy NetMeds secures USD35 million from Cambodian business group, others

Online pharmacy NetMeds Marketplace Pvt Ltd has raised USD 35 million in a Series C funding round from Southeast Asian business conglomerate Daun Penh Cambodia Group.

Anuj Puri, former Hines exec, RMZ family office float realty-tech fund

Anarock Property Consultants chairman Anuj Puri, former India head of realty firm Hines, Yash Gupta, and the family office of real estate group RMZ Corp, have together floated an early-stage fund focusing on realty tech.

Arihant Patni, others back live entertainment firm Playtoome via Venture Catalysts

Playtoome, an online platform that lets users live-stream concerts and performances, has raised INR 2 crore in pre-Series A funding from a group of angel investors.

Eagle Group, angel investors back drone startup Droni Tech

Droni Tech, a Mumbai-based startup that offers drone hardware based on artificial intelligence, has raised USD 500,000 in its first seed funding from Eagle Group and angel investors.

Customer engagement platform Narvar raises USD 30m Series C led by Accel

Customer engagement platform Narvar has raised USD 30 million in a Series C financing round led by venture capital firm Accel.