Archive News

10/02/2017

Travel startup Wandertrails raises $1 Million funding from UK’s Earlsfield Capital

Bengaluru based travel startup Wandertrails has raised $1 million seed funding from UK-based Earlsfield Capital, a venture capital firm based in UK. The funding will be utilised for expanding its operations across India and build products.
10/02/2017

Ganesh Natarajan invests in Zeve Capsol

Ganesh Natarajan, chairman of 5F World has invested in Zeve Capsol, the company that operates the 1Crowd platform in his personal capacity. Following this, Natarajan joins the board of Zeve Capsol, which is working to create an ecosystem for startups and investors. It currently has assets under management worth INR […]
10/02/2017

Foodtech startup 48East raises $500K in Pre Series A funding

Bengaluru-based foodtech startup 48East, has raised $500K in Pre Series A funding from UAE-based Al Dhaheri family. The funding will be utilized for setting up new kitchens, enhancing logistics, ramping up technology and marketing.
10/02/2017

AI startup Botworx.ai raises $3 Million from Costanoa Ventures, SV Angel

California-based Botworx, a conversational commerce platform, has raised $3 million in seed investment led by Costanoa Ventures with support from SV Angel. The funding will be utilized to build its platform and enable brands to acquire, engage and transact with consumers through popular messaging apps like Facebook Messenger, WeChat and […]
10/02/2017

Fashion discovery platform Wooplr raises $ 8 Million from Sistema Asia Fund, others

Wooplr Technologies Pvt Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC. The round also saw participation from Singapore-based private equity firm Amereus Group and […]
09/02/2017

Voonik raises $6 Million from Sequoia, Singapore’s RB Investments

Start-up Voonik Technologies Pvt Ltd, owner of the Voonik fashion app, has raised $6 million (INR 40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital. The company runs a lean marketplace business where it operates without inventory and fulfilment centres.
09/02/2017

Nuance Communications acquires Noida-based mCarbon Tech for $36 million

Nasdaq-listed voice and speech recognition company Nuance Communications has acquired Noida-based mobile value-add services venture mCarbon Tech Innovations in a cash-and-stock transaction, estimated at about $36 million (INR 240 crore). Founded in 2008 mCarbon Tech Innovations, which started off focusing on core network value add services, provides innovative revenue uplift […]
09/02/2017

Automobile classifieds portal CarTrade raises $55 Million from Temasek Holding, others

Automobile classifieds portal CarTrade has raised INR 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office. The funding will be utilized to make acquisitions, expand into new areas like auto finance, and sharpen services to consumers, […]
09/02/2017

Fleet management firm Mind Your Fleet raises angel funding

Noida-based Kromozones Software Pvt Ltd, which runs and operates fleet management solutions provider Mind Your Fleet, has raised an undisclosed amount in a bridge round of funding from a group of angel investors. The funding will be utilized for product development, and sales and marketing.
08/02/2017

Micromax to launch Orbis Capital – $100 Million fund for consumer internet startups

Indian mobile handset brand, Micromax will reportedly set up an independent fund to invest in consumer internet companies worldwide. The fund is expected to raise up to $100 Mn (INR 680 Cr). Micromax will be the lead investor in the fund. The fund will invest in 10-12 startups with a […]
08/02/2017

Edurev raises $40k from FbStart programme

Gurgaon-based edtech startup Edurev has received $40,000 from Facebook‘s FbStart programme.  As part of the funding, the company will also get free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Facebook will also give free access to more than 25 services […]
08/02/2017

Cofounder of Blippar Ambarish Mitra invests in genomics company Global Gene Corp

Cofounder and CEO of Blippar, Ambarish Mitra is leading a consortium that is investing in Global Gene Corp. Global Gene Corp is a genomics platform committed to decoding DNA of every ethnic group to help deliver ‘precision medicine’ for all.
08/02/2017

IoT-based energy management startup Zenatix raises Rs 8 crore from investors led by pi Ventures

Zenatix Solutions has raised INR 8 crore from investors led by pi Ventures in a pre-series A round which also saw participation from existing investor Blume Ventures. Aiming to address the energy efficiency problem faced by a range of customers, the company uses advanced machine learning-based models and delivers 10-30% […]
08/02/2017

Hotel solutions provider iManageMyHotel raises funding from Jaarvis Accelerator

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator. The funding will be utilized to expand presence in more cities, including Delhi-NCR, Bangalore, and Mumbai.
08/02/2017

Consulting firm Sathguru raising $100 Million fund, targets first close by June

Hyderabad-based advisory services firm Sathguru Management Consultants is raising an INR 673 crore ($100 million) fund that will invest mainly in companies in food and agriculture sectors across the country. The fund, christened as Food and Agriculture Fund, is also keen to raise more in future and prefers to invest […]
08/02/2017

Holiday marketplace TravelTriangle raises $10 Million from RB Investments, others

Online travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. The funding will be utilized to accelerate growth, expand operations and hire more […]
08/02/2017

Online counselling startup InnerHour raises INR 3 Crore from VentureWorks, others

InnerHour, an online psychological wellness platform, has raised $450,000 (nearly INR 3 crore) in its first round of funding from financial advisory firm Batlivala & Karani Securities, investment firm Venture Works and others. Run by Mumbai-based MindCrescent Wellness Ventures Pvt Ltd, InnerHour offers online counselling and therapy services on both […]
07/02/2017

Micromax To Launch Orbis Capital $100 Mn Fund For Consumer Internet Startups

Indian mobile handset brand, Micromax will reportedly set up an independent fund to invest in consumer Internet companies worldwide. The fund is expected to raise up to $100 Mn (INR 680 Cr). Micromax will be the lead investor in the fund. The fund will invest in 10-12 startups with a […]
07/02/2017

Hyderabad-based Sathguru to start $100 million fund for food, agriculture startups

Hyderabad-based consulting organisation Sathguru Management Consultants is raising $100 million to start an Innovation in Food and Agriculture Fund (IFAF) that will be managed by their fund management company Sathguru Catalyser Advisors. They plan to invest approximately $8 million each in 8 to 12 companies for a significant minority stake. […]
07/02/2017

TravelTriangle raises $10 million in fresh round of funding in Series B led by Singapore’s RB Investments

TravelTriangle, an online marketplace for discovering travel agents, has raised $10 million, or about INR 67 crore in a fresh round of funding led by Singapore-based venture capital firm RB Investments. The company plans to use the proceeds from the latest funding round to further build on its offerings to […]
07/02/2017

Hotel solutions provider iManageMyHotel raises funding from Jaarvis Accelerator

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator.The money will be used to expand our presence in more cities, including Delhi-NCR, Bangalore, and Mumbai.
06/02/2017

Fintech Startup SlicePay Acquires P2P Lending Platform Trustio

Micro-lending startup SlicePay has acquired Delhi-based P2P lending platform Trustio in an all equity deal.With this acquisition, SlicePay aims to strengthen its team, product capabilities, and the overall infrastructure of the company.
06/02/2017

Investment firm Stellaris raises $50 million for early-stage funding of ideas

Software major Infosys and the country’s top lender to small businesses, Sidbi, are among investors that have helped Stellaris Venture Partners, an early-stage investment firm based in technology hotspots Bengaluru and Gurgaon, raise $50 million the bulk of which would be deployed in Series-A funding of ideas.
06/02/2017

Digital lending firm Zen Lefin raises INR 17 crore from IFMR

Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised INR 17 crore from IFMR Capital Finance.The NCD raise will be used for strengthening our lending books which will enable firm to fulfill the working capital requirements of SMEs; for both repeat borrowers […]
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