Archive News


Legal Raasta raises $5 Million in Series A round

Legal Raasta Technologies Pvt Ltd, which provides legal services to small and medium-sized enterprises (SMEs), entrepreneurs and professionals through an online platform, has raised its Series A round of funding from a North India-based growth-stage venture capital firm. The company, which runs its services through, has raised nearly $5 […]

Happiest Minds acquires specialised IoT company Cupola Technology

Bengaluru-based tech firm Happiest Minds Technologies has acquired specialised IoT(internet of things) services company Cupola Technology for an undisclosed amount. Founded in 2011 Cupola’s 100-memeber team will join Happiest Minds.

B2B e-commerce startup Book My Diamond raises first funding round

Mumbai-based Book My Diamond Pvt Ltd, which buys loose diamonds from manufacturers and sells them to jewellers via an app, has raised an undisclosed amount in its maiden funding round from three individual investors. Book My Diamond allows jewellery retailers to search its live inventory of loose, certified diamonds and […]

Online lending startup EarlySalary raises $4 Million from IDG, Dewan Housing

Social Worth Technologies Pvt Ltd, which runs online lending platform EarlySalary, has raised $4 million (INR 26 crore) in its Series A funding from IDG Ventures India and mortgage lender Dewan Housing Finance Corp. The startup, which offers salary advances and loans to young working professionals, will use the capital […]

AI startup gets foreign VC fund on board

Bengaluru-based artificial intelligence (AI) startup Niki has raised fresh funds from a foreign investor.

Storage startup ION Energy gets undisclosed amount of angel funding

Mumbai-based ION Energy, an energy storage startup, has received an undisclosed amount of angel funding from a clutch of investors. ION Energy specialises in creating a layer of infrastructure to enable the adoption of electric vehicles in India.

Devourin raises seed funding from Deepak Nathani

Devourin, a restaurant automation solution provider, has raised an undisclosed amount of seed funding from Relfor Labs’ Deepak Nathani. Devourin offers a cloud-based platform for different kind of food businesses.

Community building platform Fourth Ambit raises $600k from 1Crowd

Bangalore-based community building platform Fourth Ambit has secured $600,000 in funding from 1Crowd. Ambit is a specialist online platform for colleges that helps them to build and nurture vibrant student/ alumni communities.

Indian unicorn ShopClues raises $7.7 Million in venture debt from InnoVen Capital

Online marketplace ShopClues has raised INR 50 crore in venture debt from InnoVen Capital. ShopClues said it raised debt primarily for day-to-day business activities.

IFC to invest $10 Million in tech-focused VC Stellaris’ maiden $100 Million fund

International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners. The fund is focused on Series A and pre-Series A investments in technology and technology-enabled companies.

Karnataka Government grants INR 10.70 crore to 26 startups in BioTech sector

The Karnataka Government today said it has granted funding to 26 startups in the BioTech sector to bolster innovation. The Department of IT and BT will support these startups to develop ideas, technologies and products which can have significant impact on the lives of people.

Micro-lending platform Aye Finance receives debt funding from SBI

Gurugram-based micro-lending platform Aye Finance, that delivers business funding to Indian micro and small enterprises, has raised Rs 20 crore in debt funding from the State Bank of India. Spread across 33 branches in the country as a non-banking financial company, Aye Finance provides mortgage, hypothecation and term-loan services accessible […]

SoftBank said near closing technology fund with $95 billion

SoftBank Group Corp is close to announcing commitments of as much as $95 billion for its technology fund. The Japanese company announced plans for the Vision Fund last year, aiming to create a vehicle that would become one of the biggest technology investors over the next decade.

VR ad-tech firm Chymera VR raises angel funding

Chymera VR, a monetisation and advertising platform for virtual reality, has secured undisclosed funding from a clutch of angels, including People Group CEO Anupam Mittal, former head of operations at Airbnb Varsha Rao, former Google executive Surojit Chatterjee and chairman of HHC Holdings Nirav Choksi. The funding will be utlized […]

SAIF plans $400 Million India fund

SAIF Partners, an early investor in mobile payments and digital wallet player Paytm, has begun raising its third India-dedicated fund of about $350-400 million. The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners all of […]

Blockchain incubator Satoshi Studios invests in Curie Labs

Southeast Asia-based blockchain incubator Satoshi Studios has made its first investment in Delhi-based energy analytics startup Curie Labs. Satoshi Studios, which was launched in December 2016, provides startups $50,000 in funding for an 8-15% equity stake as part of its incubation programme.

Former Snapdeal exec Anand Chandrasekaran backs Uncanny Vision

Former Snapdeal chief product officer Anand Chandrasekaran has invested an undisclosed amount in Uncanny Vision. Uncanny Vision Solutions Pvt. Ltd is a business-to-business (B2B) startup that offers computer vision solutions for robotics, android applications, video surveillance and advanced driver assistance systems.

Video analytics firm Vidooly raises fresh funding

Video analytics startup Vidooly Media Tech Pvt Ltd has raised a round of fresh funding from Gujarat Venture Finance Ltd, an Ahmedabad-based venture capital firm, and existing investor Times Internet to fund its expansion into Southeast Asian markets and hire more people. The Noida-based firm, which tracks user engagement of […]

Cybersecurity startup Lucideus gets funding from Google’s Anandan, others

Delhi-based Lucideus Tech Pvt Ltd, an IT risk assessment and cybersecurity platform, has raised angel investment from a clutch of investors. Founded in 2012 the company builds and delivers information security platforms and services, both generic and customised, to proactively secure, continuously monitor and reactively respond to cyber threats to […]

CureFit launches operations, bags $3 Million from Ratan Tata’s UC-RNT Fund

Bangalore-based CureFit Healthcare Pvt Ltd, which operates health and fitness platform CureFit, has secured $3 Million in a fresh round of funding from UC-RNT Fund. Other investors who participated in the round include Gokul Rajaram, product engineering lead at US-based mobile point of sale provider Square; Aditya Agarwal and Ruchi […]

IAN, others back room booking app NightStay

Delhi-based NightStay, a mobile-based marketplace for last-minute hotel bookings, has raised an undisclosed amount in a pre-Series A round led by IAN and others. In August 2015, NightStay had raised $500,000 in a seed round from Vivek Bihani of Bedrock Venture Management Pvt. Ltd, Rajesh Sawhney, founder of GSF, and […]

GVFL, Unicorn India Ventures invest in cybersecurity startup Sequretek

Venture capital firm GVFL and Unicorn India Ventures have invested an undisclosed amount in cybersecurity startup Sequretek, which works with large banks and financial services clients. This is the first funding announcement by Gujarat-based GVFL through its GVFL Startup Fund, the firm’s eighth fund with a target corpus of INR […]

SaaS startup Anchanto raises money from Luxasia, TCI Funds

Pune-based ecommerce logistics and selling platform Anchanto has raised an undisclosed amount from Singapore-headquartered omnichannel retailer Luxasia Group and its existing investor, Transcosmos Japan (TCI). Anchanto, which provides enterprise SaaS products that empowers ecommerce logistics and online selling, will use the funds to reinforce its operation in India, Malaysia, Thailand, […]

Ecommerce consultancy Ace Turtle receives Series-A funding

The venture capital arms of Singapore’s sovereign fund Temasek and Southeast Asia’s largest real estate developer CapitaLand have teamed up to invest more than $5 million in Bengaluru-based ecommerce consultancy Ace Turtle. Temasek’s Vertex Venture led the Series-A funding and CapitaLand’s C31Ventures is the co-investor in Ace Turtle, an omni-channel […]