Archive News


Wassup Laundry buys out Doormint in equity swap

Chennai-headquartered on-demand laundry and dry cleaning company Wassup Laundry has acquired Mumbai-based home laundry service startup Doormint in an equity swap deal. Post deal, Venture capital investors in Doormint, Kalaari Capital and Helion Ventures will hold equity in Wassup Laundry.

Industrial IoT startup IoTrek raises INR 1 Crore in seed investment

Delhi-based IoTrek Technology Pvt Ltd, which provides industrial Internet of Things (IoT) solutions for telecommunications, energy and solar grid management, has secured $154,000 (INR 1 crore) in seed funding from a consumer goods maker. The funding will be utilized to develop its product, build the team, and scale up operations.

Fashion start-up Wooplr raises funding from Ankit Nagori

Fashion discovery platform Wooplr Technologies Pvt Ltd has raised an undisclosed amount in funding from Ankit Nagori, co-founder of healthcare start-up CureFit and former chief business officer at Flipkart Ltd Nagori will join Wooplr’s board following the investment. Launched in 2013 Wooplr is a consumer content-driven marketplace, where users upload […]

Nomura to back startups, VC funds with fin-tech focus

Global investment bank Nomura is looking to invest in fin-tech startups in India, among other countries, using its newly-set up $100-million fund housed under subsidiary N-Village. It will also back venture capital (VC) funds catering to the fin-tech theme.

Food-tech startup Holachef gets $3 Million from SIDBI VC, Kalaari

Mumbai-based food delivery startup Holachef Hospitality Pvt Ltd has raised $3 million in a Series B round of funding from SIDBI Venture Capital Ltd and existing investor Kalaari Capital. Holachef delivers ready-to-eat home-cooked food to consumers.

Flipkart-backed MapmyIndia acquires VIDTEQ

Flipkart-backed GPS navigation and location-based services provider MapmyIndia, which is operated by New Delhi-based CE Info Systems Pvt Ltd, has acquired Bengaluru-based VIDTEQ for an undisclosed amount. Run by Vidteq (I) Pvt Ltd, VidTeq VideoMap technology allows users to view the video clip of a route between two locations within […]

Health-tech startup Navia Life Care raises angel funding

Delhi-based healthcare technology startup Navia Life Care Pvt Ltd has raised angel funding from Benori Ventures LLP, which is led by former Evalueserve chief operating officer Ashish Gupta.The funding will be utilized for technology and business development.

Health-snack startup Snackible raises $175K in angel round

Mumbai-based LightSaber Food Ventures Pvt Ltd, which sells health snacks through online and offline channels under the Snackible brand, has raised $175,000 in an angel round of funding led by a clutch of individual investors and high-net-worth individuals (HNIs). The funding will be utilized for expanding operations in India and […]

AI startup Innefu Labs raises $2 Million from IndiaNivesh Fund

Artificial intelligence startup Innefu Labs on Monday said it has raised $2 million in funding from IndiaNivesh Venture Capital Fund. The funding will be utilized to enhance the AI platform that supports various law enforcement agencies for predictive intelligence and facial biometrics.

Be U Salons raises INR 4 Crore seed funding

Be U Salons, part of the Delhi-based Gingerpan Swapkart, raised INR 4-crore as seed funding from a consortium of investors from UAE, Singapore and India. The funding will be utilized for strengthening the back-end operations and tech infrastructure, building core talent and marketing of the current and new stores.

50K Ventures to invest $1 Million in emerging tech startups

Early-stage venture capital firm 50K Ventures has set aside $1million to invest in startups from emerging technologies such as artificial intelligence, machine learning, augmented reality, virtual reality, block chain, internet of things (IoT) and robotics. It plans to invest $50,000-100,000 in each of the 10-15 startups it finalises.

AI and VR startup Absentia raises INR 8 Crore from Exfinity Venture, Others

Bengaluru-based artificial intelligence and virtual reality startup Absentia has INR 8 crore in a pre-series-A round from investors including Exfinity Venture Partners, former Infosys executives V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe. The funding will be utilized to build Norah AI, an artificial intelligence engine that can […]

VR firm Whodat raises funding from Ideaspring Capital

Whodat, an augmented reality (AR) platform, has raised $600,000 from Ideaspring Capital. Whodat, which follows a business-to-business-to-consumer (B2B2C) model, is building a proprietary hybrid SLAM (Simultaneous Localisation and Mapping) system to place digital content within indoor environments without markers, which are basically visual cues which are linked to virtual information.

Info Edge acquires discovery platform AmbitionBox

Info Edge (India) Ltd — the parent company of Naukri, 99acres, and Jeevansaathi — has acquired discovery platform AmbitionBox for an undisclosed amount. Navi Mumbai-based AmbitionBox is a two-year-old company. It assists job-seekers with company reviews, company information, interview tips and advice.

Actress Jacqueline Fernandez backs Rakyan Beverages

Indian films actress Jacqueline Fernandez has invested around $543,000 in Rakyan Beverages that makes juices under the Raw Pressery brand. This latest investment values the company at around INR 120 crore.

Credihealth raises $1.5Million pre-Series A round

Medical assistance startup Credihealth has raised its pre-Series A funding round from Mountain Pine Capital and Tolaram, family office investment arm of Tolaram Group. Bengaluru-based Credihealth plans to using this funding to expand its operations to address the non-clinical pain points of patients.

Dr Mohan’s Diabetes raises $10.23Million in Series A funding led by Lok Capital

Chennai-based diabetes care provider Dr Mohan’s Diabetes Specialities Centre has raised Series A funding of INR 66 crore, led by impact investor Lok Capital-advised Growth Fund. Dr Mohan’s Diabetes will use the funds to develop a pan-India presence and grow from a base of 25 clinics to 100 clinics in […]

SaaS company Omnify raises INR 97 Lakh

Omnify, a software-as-a-service (SaaS) platform for small service businesses to enable ecommerce, has raised $150,000 from Google India MD Rajan Anandan, Shoogloo Group CEO LD Sharma and Airwoot cofounder Saurabh Arora. Omnify provides a unified platform for small service businesses to enable ecommerce, scheduling and communication with their customers.

Singapore’s RB Investments backs Indian QSR chain The Beer Cafe

Gurgaon-based BTB Marketing Pvt Ltd, which runs a chain of beer bars under the brand The Beer Cafe, has raised an undisclosed sum from Singapore-based RB Investments. Founded by Rahul Singh, the company operates 34 stores in 10 cities including including Mumbai, New Delhi, Chandigarh, Bangalore, Amritsar, Gurgaon, Ludhiana, Mohali, […]

M&A platform MergerWare raises $100K more to go global

Corporate Mergerware Solutions Pvt Ltd, a startup that provides software solutions for post-merger and acquisition integration, has raised $100,000 (about Rs 65 lakh) from existing investor Philippe Bouchet, who is a former vice president at French energy management firm Schneider Electric. The company will use the fresh capital for its […]

Medwell Ventures raises $21 Million in Series B round led by Mahindra Partners

Medwell Ventures Private Limited, the operator of Nightingales specialty home healthcare services in India, has raised $21 Million in Series B round led by Mahindra Partners. The round also saw participation from existing investors Eight Roads Ventures and US-based F-Prime Capital Partners, alongside early angel investors and the founders.

Flipkart raises $1.4 Billion, acquires eBay India

Flipkart has raised its seventh round of funding from eBay, Microsoft, and Tencent at a valuation of about $12 Billion. Flipkart has also acquired eBay’s India arm.

Reverse Pitch

Reverse Pitch is an event where we flip the script and have investors pitch to start-ups. They will be sharing their operational experience, sector focus, investment thesis, ticket sizes, portfolio and the value propositions that they bring to the table with the entrepreneurs

Great Indian Developer Summit 2017

With over 40000 attendees benefiting from nine game changing editions, GIDS is the gold standard for India’s software professional ecosystem. The summit has seen participation from 505+ sponsors and 725+ speakers since 2008