Archive News


Flipspaces raises USD 3.5 million from Carpediem Capital

Interior design & build startup, Flipspaces, has raised USD 3,5 million from Carpediem Capital, the fund will be deployed for enhancing technology and expanding its footprint in the market.

Servify acquires iService

Mumbai-based device management platform Servify has acquired iService, a service and repair startup for smartphones and portable devices.

Klassroom to raise USD 2 million

Edtech startup Fusion Klassroom Edutech Pvt Ltd plans to raise USD 2 million to further expand its operations.

Manch secures funding from Stellaris Venture Partners, others

Manch, a regional language discussion platform, raised USD 700,000 in seed funding round from Stellaris Venture Partners and other investors.

Sequoia, Aquila Capital lead Series C investment round in CarDekho

Jaipur-based Girnar Software Pvt Ltd, which owns auto portal CarDekho,com, has closed its Series C funding round, raised from a mix of existing and new investors, the round was led by Sequoia Capital’s global growth fund and European hedge fund Aquila Capital.

Samunnati gets debt funding from Dutch development bank FMO

Chennai-based non-banking financial company Samunnati Financial Intermediation & Services Pvt Ltd has raised USD 5 million in debt funding from Dutch development bank FMO.

Iron Pillar leads Series D funding round in drug firm Vyome

Specialty pharmaceutical company Vyome Therapeutics Inc has raised USD 22 million in a Series D round of funding led by new investor Iron Pillar.

Alibaba affiliate may lead big-ticket investment in Zomato as SoftBank eyes Swiggy

Food-tech unicorn Zomato is courting new investors in a bid to raise up to USD 1 billion in fresh funding even as Japanese investment giant SoftBank has cooled its interest and may opt to back rival Swiggy instead.

Qualcomm AI fund looks to invest in Indian healthcare, mobility-tech startups

Qualcomm Ventures, the investment arm of American chipmaker Qualcomm Inc, aims to back Indian startups in the healthcare, mobility-tech, and financial services space among others under its recently-launched artificial intelligence or AI fund

Sands Capital, IFC invest more in logistics-tech startup Blackbuck

Zinka Logistics Solutions Pvt Ltd, which operates business-to-business tech-enabled logistics startup Blackbuck, has raised INR 87 crore from existing investors including Sands Capital which led the round and International Finance Corporation, the investment arm of the World Bank.

Gray Matters Capital invests in three education-focused startups

US-based impact investment firm Gray Matters Capital has invested a total of USD 375,000 in three companies under its edLABS initiative, namely, Delhi-based education financing marketplace GyanDhan, Hyderabad-based English language training organisation Ignis Careers and Cuttack-based social enterprise providing ‘School-in-a-Box’ solution ThinkZone.

SAIF Partners backs FabAlley in Series B funding round

Delhi NCR-based High Street Essentials Pvt Ltd, which owns omnichannel women’s fashion brands FabAlley and Indya, has raised INR 60 crore in its Series B round of funding from SAIF Partners

Lightbox Ventures to step up focus on Indian consumer startups

Venture capital firm Lightbox Ventures, which has backed startups such as furniture rental website Furlenco and online kitchen brand Faasos, plans to increase its focus on consumer businesses in 2019, after raising its USD 200 million third fund this year

HPCL invest pre-seed round in startup Tranzmeo

Kerala-based Tranzmeo, a ‘Nasscom 10,0000’ incubated startup, has secured an undisclosed amount in pre-seed funding from Hindustan Petroleum Corporation Ltd (HPCL) for its artificial intelligence-powered product, T-connect OneView.

Eight Roads-backed Northern Arc secures USD 28.5 million debt from Dutch bank FMO

Northern Arc Capital, which lends to impact-focused companies and also facilitates debt financing raised INR 200 crore from Dutch development bank FMO via rupee denominated non-convertible debentures (NCDs)

Mayfield leads Milkbasket’s extended Series A round

Gurugram-based micro-delivery grocery startup Milkbasket has raised USD 7 million in an extended Series A round led by US-based early- to growth-stage venture capital firm Mayfield Advisors

Mumbai Angels Network bets on nutritional foods brand Proliva

Nutrisattva Foods Pvt Ltd, a company that offers protein-based functional foods under the Proliva brand, has raised funding from the Mumbai Angels Network

Kalaari, Unilever Ventures lead Shop101’s Series B round

Mumbai-based Shop101, a mobile storefront and commerce platform for sellers, has raised INR 80 crore in a Series B funding round led by venture capital firm Kalaari Capital and consumer goods giant Unilever’s investment arm Unilever Ventures

Axilor leads fresh funding round in local language social platform Khidki

Location-based local language social platform Khidki has raised an undisclosed sum in a round led by Axilor Ventures the investment firm-cum-accelerator led by Infosys founders Kris Gopalakrishnan and SD Shibulal

Tencent gets a slice of Swiggy as Naspers leads USD 1 billion funding round

Online food delivery startup Swiggy has raised USD 1 billion in a fresh round of funding led by South African technology conglomerate Naspers, marking one of the single-largest infusions into an Indian startup.

Venture debt provider Alteria Capital backs healthcare services firm Portea

Venture debt firm Alteria Capital Advisors LLP has invested INR 25 crore in Bengaluru-based healthcare services venture Healthvista India Pvt Ltd, which provides home healthcare services under the Portea Medical brand.

Impact investor Menterra invests in OmiX Labs, three other companies

Early-stage impact investor Menterra Venture Advisors Pvt Ltd has invested USD 2 million in OmiX Labs, Adiuvo Diagnostics, education company Stones2Milestones and an agri-tech startup whose name it didn’t disclose.

Info Edge invests more in ed-tech startup NoPaperForms

Delhi-based NoPaperForms Solutions Pvt Ltd, which runs an enrolment management platform for educational institutes, has raised INR 28 crore in a Series B funding round in an all-cash deal from existing investor Info Edge (India) Ltd, which owns job portal Naukri,com.

Portea Medical parent gets INR 25 crore in debt from Alteria

Venture debt firm Alteria Capital has closed a INR 25-crore funding round in Health Vista India, which owns and operates home healthcare service provider Portea Medical.