Archive News


Worker background verification firm AuthBridge acquires Footprints

Gurugram-based AuthBridge Research Services Pvt Ltd, which verifies employee background, has acquired Bengaluru-based Footprints Collateral Services Pvt Ltd operating in the same segment.

Japan’s Incubate Fund, others invest in e-sports startup GamingMonk

E-sports startup GamingMonk has raised INR 4 crore in a fresh round of funding from Japanese seed investment firm Incubate Fund and Google India managing director Rajan Anandan.

Angel investors back online loan facilitator NIRA

NIRA, an online startup that channels personal loans through its partnership with Federal Bank, on Tuesday announced its USD 1 million seed round involving angel investors in the UK and India

Freshworks, Pepperfry founders & others back apparel brand Turms

Bengaluru-based Bigphi Technologies Pvt Ltd, which sells apparel under the brand Turms, has raised USD 870,000 from angel investors the round was led by Freshworks founder Girish Mathrubootham, former Reliance Retail Lifestyle president Bijou Kurien, Pepperfry founder Ambareesh Murty, OneAssist founder Subrat Pani and former Flipkart executive Mekin Maheshwari.

Flipkart co-founder Sachin Bansal may invest up to USD 100 million in EV maker Ather Energy

Flipkart co-founder and former chief executive Sachin Bansal is in talks to invest an additional USD 50-100 million in electric vehicle maker Ather Energy Pvt Ltd.

SoftBank may deliver fresh funds to Grofers

SoftBank Vision Fund (SVF) is in final discussions to lead a new USD 120-150 million financing round in grocery delivery startup, Grofers, which may also see German retail group Metro AG participate, albeit with a smaller cheque.
29/10/2018 raises USD 7 million from Carpediem Capital, Duane Park

Sukkhi,com , which operates online fashion jewellery start-up under the brand “Sukkhi” has raised USD 7 million from Carpediem Capital & Duane Park.

IAN Fund invests in waterless personal hygiene startup Clensta

Clensta International Pvt Ltd, a New Delhi-based waterless personal hygiene startup, has raised an undisclosed amount in seed funding from Indian Angel Network (IAN) and its eponymous venture capital fund.

Indiabulls Ventures to raise USD 210 million from Tamarind Capital, Steadview, others

Indiabulls Ventures Ltd is raising about USD 210 million from four foreign institutional investors including, US private equity firm Tamarind Capital and investment firm Steadview Capital.

Sequoia-backed HealthKart to get new investor in USD 10 million capital raise

Gurugram-based Bright Lifecare Pvt Ltd, which runs omnichannel health products store HealthKart, is raising close to USD 10 million in a fresh funding round from new and existing investors.

Cyrus Mistry to make venture investments, hires BCG senior partner

Former Tata Sons Ltd chairman Cyrus Mistry has floated an investment firm to incubate new ventures and provide seed- and early-stage growth capital to startups in India and other countries.

BlueSky Capital invests in health-tech startup Medimetry

Medimetry, which offers an online platform for telemedicine, electronic medical records and disease management, has raised an undisclosed amount in seed funding led by US-headquartered hedge fund BlueSky Capital Managemen.

Naspers is said to plan further investment in USD 2 billion Swiggy

Naspers Ltd is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year

Baby products retailer FirstCry in talks with Alibaba, SoftBank for funding

FirstCry, India’s largest retailer of baby products online, is in talks with China’s Alibaba Group Holding Ltd and Japan’s SoftBank Group Corp, among others, to raise at least USD 100-150 million as it seeks to cement its market leadership

Artha Venture Fund plans to launch startup accelerator programme

Mumbai-based seed stage investor Artha Venture Fund plans to start an accelerator programme, wherein it will mentor and invest in a select bunch of startups

Venture debt firm Trifecta invests in bus aggregator app Shuttl

Gurugram-based bus aggregator Shuttl has raised close to USD 1 million (around INR 7 crore) in a fresh funding round from venture debt provider Trifecta Capital

HNIs back ed-tech startup GuruQ in pre-Series A round

Ed-tech startup GuruQ secured around USD 330,000 in a pre-Series A funding round from a clutch of high net-worth individuals

Tiger Global raises around USD 4 billion for new fund

Tiger Global Management, one of the earliest big backers of India’s internet story, has raised around USD 4 billion for private market investments, exceeding the target of USD 3 billion set earlier.

Ajmera Group to invest USD 10 million in startups

Real estate developer Ajmera Group is committing USD 10 million to invest in startups, and has already invested in BookMeIn, Sports Gurukul and Modulex the group said it will invest across various sectors such as ecommerce, customer internet, solar and fintech BookMeIn,in,

Crayon Data eyes USD 11 million funding

Rata Tata-backed Crayon Data, a big data analysis company, is planning to raise USD 11 million in a Series B round of funding from existing and new investors

SAIF Partners-backed ClearTax raises USD 50 million led by Composite Capital

ClearTax, a startup that helps individuals and businesses file tax returns online, has raised USD 50 million (INR 300 crore) in a Series B round led by Composite Capital

Kae Capital, Kalaari invest in SaaS startup Hiver

GrexIT Inc, which operates a software-as-a-service (SaaS) platform called Hiver, has raised USD 4 million in a fresh round of funding led by venture capital firms Kalaari Capital and Kae Capital.

Beenext, others back Satyen Kothari-led wealth management platform Cube

In its first round of external funding, Mumbai-based fin-tech startup Cube Wealth has raised USD 2 million  from Singapore-based venture fund Beenext, Hong Kong-headquartered Asuka Holdings and US-based early-stage venture fund 500 Startups.

Faasos is in talks to raise USD 100 million

Rebel Foods, owner operator of internet kitchen brand Faasos, is in talks with investors to raise a little over USD 100 million INR 735 crore, from existing backer, marque venture firm Sequoia Capital.