Archive News

14/10/2016

Specialty condiments manufacturer and supplier Veeba Food Services raises INR 40 Crore from Verlinvest ,Saama Capital

Specialty condiments manufacturer and supplier Veeba Food Services has raised about INR 40 crore in fresh funding, in a round led by Belgian family office Verlinvest and venture capital firm Saama Capital. The funding will be utilized to further build manufacturing infrastructure, strengthen distribution network and marketing.
14/10/2016

Indian School Finance Company raises funding from Gray Matters

Private institutional lender to education sector, Indian School Finance Company (ISFC) has raised $6 million of Series-A funds from social venture capital firm Gray Matters Capital. Impact investment bank Unitus Capital was the advisor for the transaction. ISFC plans to use this money to increase its loan ticket size and […]
14/10/2016

B2B leather goods marketplace ShoeKonnect raises funding from IAN

ShoeKonnect, a business-to-business (B2B) marketplace for leather products, has raised an undisclosed amount of investment from Indian Angel Network. Sahil Kejriwal led the round of investment on behalf of IAN and will join the company’s board. The funding will be utilized to expand the company’s business operations, enhance technology and […]
14/10/2016

Women’s health app Maya raises funding from Rajan Anandan

Bengaluru-based Maya, which operates a women’s health tracker, has raised an undisclosed amount of funding from Rajan Anandan, vice-president, Google, Southeast Asia and India.  The funding will be utilized to enhance user interface, develop the product and expand user base in India.
14/10/2016

Baby care startup Kidsstoppress raises funding from IIFL Wealth’s Karan Bhagat, others

Founder chief executive officer of wealth advisory IIFL Wealth Karan Bhagat and a clutch of other angel investors have invested an undisclosed amount in Mumbai-based parenting and baby care startup Kidsstoppress. The funding will be utilized to strengthen, technology infrastructure and team. It will also expand its services to more […]
13/10/2016

Online lending platform ZipLoan raises seed funding led by GrowX

Delhi-based online lending platform ZipLoan has raised an undisclosed amount of seed funding led by GrowX Ventures and other angel investors. The startup will utilize the money to fund technology product, app, and data science capabilities.
13/10/2016

Ola in talks with SoftBank, others to raise fresh funds

Home-grown transportation company Ola is likely to raise up to $500 million in a fresh round of funding led by existing investor SoftBank as it fights out cash-rich rival Uber to win the India market.
13/10/2016

Fashion brand FabAlley raises Series-A funding

High street fashion brand FabAlley has raised INR 13 Crore ($2 million) in a Series-A round led by Mumbai-based India Quotient. The round also saw participation from existing investors including IAN, social entrepreneur Ranjan Sharma and a clutch of angel investors.
13/10/2016

Campsite aggregation platform Deyor Camps raises funds from clutch of investors

Gurgaon-based Deyor Adventures Pvt Ltd, which runs and operates campsite aggregator Deyor Camps, has raised $500,000 in funding from early-stage investment firm Udaan Angel Partners and angle investors such as Nitin Passi, Manickam Mahalingam and Rajesh Arora, and Arkas Industries. The startup claims to have sent 10,000 people for camping […]
12/10/2016

Internet based TV streaming service provider Yupp TV secures $50 Million in Series B Funding

Internet-based TV streaming service provider Yupp TV has secured $50 Million in a Series B round of funding. The investment was led by Emerald Media for a minority stake in the company.Emerald Media is a pan-asian platform established by global investment firm KKR. It aims to invest in the fast-growing […]
12/10/2016

Healthcare startup DocSynk raises $1 Million seed funding From Naya Ventures

Hyderabad based Naya Ventures has invested $1 Mn in a Seed round of Funding in Dallas based healthtech startup DocSynk. DocSynk aims to find solutions for problems such as finding doctors, scheduling appointments, keeping on top of insurance, and complying with wellness and treatment plans.
12/10/2016

Waterless car washing startup Robova raises INR 3 Crore funding

Waterless car washing startup Robovac has received angel funding INR Rs 3 crore and merged with rival Enzo Solutions to create a new entity called RobovacEnzo.  Ahmedabad-based Robovac is a car interior vacuum cleaning service provider with presence at 49 outlets across Gujarat in partnership with Indian Oil Corporation. Rival […]
11/10/2016

Zebpay looks to raise $5 Million for Bitcoins

Bitcoin wallet startup Zebpay is in talks to secure Series-A funding of $4-5 million and expects to close the investment by next month. The company is in talks with several Indian investors and that a US-based venture capital fund, which focuses on blockchain technology, has also evinced interest. This will […]
11/10/2016

Holachef in talks with Kalaari Capital, Sidbi for fresh funds

Food-tech start-up Holachef is in talks to raise $6 million in its latest round of venture capital fundraising, led by existing investor Kalaari Capital. The funding will be utilized to strengthen operations in the existing cities while also enabling it to expand to newer ones. Mumbai-based Holachef, which was launched […]
11/10/2016

Facebook gives $40K to JobSenz as part of its startup programme

Education technology startup JobSenz has been selected for FbStart, the earlystage, mobile-focused startup programme launched last year by Facebook, as it continues to woo the country’s startup ecosystem, a critical market for the technology behemoth. As part of the prestigious programme, JobSenz has received about $40,000 (about Rs 27 lakh) […]
11/10/2016

Oasis Centre raises INR 40 Crore from Stake Sale

India Life Sciences Fund II, which focuses on growth capital in the Indian healthcare sector, has invested INR 40 Crore for a ‘significant minority’ stake in Oasis Centre for Reproductive Medicine, a Hyderabad-headquartered leading chain of in-vitro fertilisation (IVF) centres.
11/10/2016

Inventus Capital Partners to raise its third VC fund

Inventus Capital Partners, an early-stage investment firm has hit the road to raise its third venture capital fund. The Bengaluru and Silicon Valley-based firm is targeting $150-million corpus for the new fund.  Inventus joins venture capital firms Accel India, IDG Ventures India and Ventureast that are currently on the road.
10/10/2016

Online lending platform FlexiLoans raises $15 Million

Online lending platform FlexiLoans has raised about $15 Million (INR100 Cr) from Sanjay Nayar, CEO of KKR India; Vikram Sud, former Head of Operations and Technology at Citibank; Anil Jaggia, Chief Investment Officer at HDFC Bank; and Narayan Seshadri, former MD at KPMG’s advisory business. As per the terms of […]
10/10/2016

Kolkata based SIBIA Analytics raises seed funding

SIBIA Analytics, a Kolkata-based startup has raised an undisclosed amount of seed investment from a group of investors in India and USA, including Radhakrishnan Natarajan. The funding will be utilized for scaling up marketing and sales and capture new markets in India and overseas. A part of the fund will […]
10/10/2016

Career platform for women SHEROES acquires Gharkamai

Online jobs and career community for women, SHEROES has acquired Gharkamai, an online platform that assists professional women to find work opportunities from home. Founded in 2008 Gharkamai is an online portal that connects experienced women professionals with businesses for project based work. Gharkamai lists various work from home, flexi-time, […]
10/10/2016

Venktesh Shukla to start venture capital fund

Venktesh Shukla, who joined Silicon Valley-based venture capital firm Fenox Venture Capital in April this year, has quit the company to start his own VC fund.
10/10/2016

Enterprise messaging solution provider MSG91 acquires Kolkata based ToSMS

Indore based enterprise messaging solutions provider MSG91, a flagship product of Walkover, has acquired ToSMS, a mobile messaging solutions company for an undisclosed amount.Post-acquisition, ToSMS will be integrated with MSG91 and will operate under it. The acquisition is a part of their strategy of acquiring companies that have technologies they […]
10/10/2016

Hair extensions exporter Indus B2C Global raises $375K seed funding

Indus B2C Global Pvt Ltd, a Delhi-based startup that offers hair extensions brand LeModish, has raised $375K in a seed round from a UK-based angel investor. The funding will be utilized to increase workforce at the company’s international hubs in US, UK, France
07/10/2016

Office supplies e-com startup Zoffio sold to Chinese firm

Online office supplies startup Zoffio founded by the scions of the Kamani family that owns the luxury hospitality brand Zuri Group Global, has been sold to a Chinese firm for an undisclosed amount after operating for nearly three years. Founded in May 2013, the vertical B2B e-commerce platform offered stationery, […]
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