Archive News

28/10/2016

India Quotient to raise $60 Million as part of third fund in 2017

Early stage fund India Quotient as a part of its third fund, plans to raise $60 million by January/February 2017. The firm aims to spend 30% of the funds on fintech players within lending, insurance and investment sectors. The remaining portion of the funds will be spent on gaming, media, […]
27/10/2016

Renewable energy solutions provider Ezon Energy raises funding

Renewable energy solutions provider Ezon Energy has raised INR 140 crore from Japanese investor Natori Nohisa to set up 140 MW of solar power projects in Karnataka and Kerala. The funding has been structured on equity and project basis, thus avoiding stake dilution in Ezon Energy.
27/10/2016

Agritech startup FR8 raises INR 6.5 Crore from Omnivore Partners

Agritech-focused Omnivore Partners is investing in Chennai-based FR8, a tech startup which develops solutions for the long-haul trucking segment. The funding will be utilized for expansion, technology and talent.
27/10/2016

Content platform Healofy secures benefits worth $40K through FbStart programme

Healofy, a peer-to-peer content platform of moms and moms-to-be, has been selected for Facebook’s FbStart programme and will get upto $40,000 credits and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Founded in October, Bangalore-based Healofy attracts women around health […]
27/10/2016

Relocation service provider Pikkol raises funding from angel investors

Bengaluru-based relocation service provider Pikkol has received seed funding from a group of angel investors, including Ajay Nanavati, former chairman of 3M India, the Indian arm of US multinational conglomerate 3M Co and Afsal Salu, co-founder of hyperlocal delivery company Delyver. Pikkol, run by Rednile Innovations Pvt Ltd, operates as […]
27/10/2016

Health-tech startup Idea Bubbles raises funding from Eureka Forbes, others

Bengaluru-based health-tech startup Idea Bubbles Consulting Services Pvt Ltd has raised $700K from early stage funding platform 1Crowd, health and hygiene firm Eureka Forbes Ltd, along with its parent Shapoorji Pallonji & Co Pvt Ltd.  Founded in 2014 the startuo has developed ‘Eureka Forbes Good Health’ (EFGH) platform that enables […]
26/10/2016

Products and deals discovery app Scandid acquires local ecommerce platform Snabar

Pune-based mobile-first savings discovery platform Scandid has acquired hyperlocal startup Snabar for an undisclosed deal amount. The acquisition is strategic as Scandid is on the lookout for talent and technology to continue to build a user-friendly shopping and savings assistant platform.
26/10/2016

Yellow Tie to invest $20 Million in chef Harpal Sokhi’s restaurant ventures

Yellow Tie Hospitality Management LLP, a food and beverages franchise management firm, plans to invest up to $15-20 million in five restaurant ventures of Indian celebrity chef Harpal Singh Sokhi’s chain Funjabi Tadka. The funding will be utilized to relaunch some of the existing chains such as Twist of Tadka, […]
26/10/2016

IT Giant L&T Infotech acquires analytics startup AugmentIQ

Global IT services and solutions provider L&T Infotech (LTI) is all set to acquire Pune-based AugmentIQ Data Sciences Pvt Ltd, a startup offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.With the acquisition, LTI will gain access to MAXIQ, the big data platform […]
26/10/2016

Social media marketing startup OrangeTwig raises funding from Silicon Valley investor

San Francisco and Delhi based social media marketing startup OrangeTwig has raised a seed round of $1 Million from an undisclosed Silicon Valley investor. An additional $75K has been added from a close friend. The funding will be utilized to hire talent and ramp up marketing and sales operations.
26/10/2016

The Kettlery raises $1 Million from Abhinav Bindra’s venture fund company

Ahmedabad-based The Kettlery, a speciality tea startup raised $1 million from Abhinav Bindra’s Shooting Starts Sports LLP & Franchise India Brands. The funding will be utilized to set up 100 tea boutique outlets in next five year.
26/10/2016

Android utility app SooperMo raises funding from Dubai based investor

Android utility app suite SooperMo, operated by Gurgaon-based SooperMo Appstudio Pte Ltd, has raised $100,000 (Rs 67 lakh) in seed funding from Dubai-based entrepreneur Lalit Vase.  The funding will be utilized to launch the beta version of the utility apps in Middle East, Southeast Asia and Africa.
26/10/2016

Fashion discovery app Wooplr raises funding from Astarc Ventures

Wooplr Technologies Pvt Ltd, which runs an eponymous fashion discovery app for women, has received an undisclosed amount of funding from Astarc Ventures. The company’s platform seeks to help people shop better based on location, occasion, interests and friends. The fashion discovery platform hopes to reach 100 million women users […]
25/10/2016

MPower raises $ 6Million from Zephyr Peacock PE fund

PE fund Zephyr Peacock, a midmarket private equity fund has led a $6 million investment in MPower, a financial technology company and is helping them set up their India base in Bangalore.
25/10/2016

Everstone Capital invests INR 220 Crore in Rubicon

Everstone Capital has invested Rs 220 crore in contract research and drug-delivery company Rubicon Research. Post this transaction, Everstone will own a 70% stake in Rubicon.
25/10/2016

Invoice discounting marketplace KredX raises INR 40 Crore from Sequoia , existing backer

Invoice discounting marketplace KredX has raised about INR 40 Crore in series-A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium enterprises (SMEs) with investors who are willing […]
25/10/2016

Fintech lending startup CreditMate raises $500K from India Quotient

Early stage fund India Quotient has invested $500,000 in Mumbai-based fintech lending startup CreditMate, which uses data-driven algorithms to lend against purchase of used two-wheelers. The platform, which has tied up with over 25 dealers in Mumbai, enables the users to enter the bike of their choice and their monthly […]
25/10/2016

Fintech-focused European VC Orange Growth Partners sets foot in India

Amsterdam-headquartered fintech investment firm Orange Growth Capital which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. The ticket size of Orange Growth Capital’s investments in India would be in the range of $1-5 million.The VC firm would focus on segments such […]
25/10/2016

On-demand logistics platform Pickrr raises pre-Series A funding from Swastika

New Delhi-based Pickrr Technologies Pvt Ltd, which runs on-demand logistics platform Pickrr, has raised an undisclosed amount in pre-Series A funding from Hong Kong-based investment firm Swastika Company Ltd with participation from other HNI investors. The funding will be utilized to fine-tune the back-end technology.
25/10/2016

Kogta Financial raises Series A from IIFL Seed Ventures Fund

Rajasthan-based non-banking financial company Kogta Financial India Ltd (KFL) has raised funding from IIFL Seed Ventures Fund I. The funding will be utilized to accelerate growth and increase market presence in the lending space. Incorporated in 1996, KFL mainly operates in the states of Rajasthan, Gujarat and Maharashtra. It is […]
24/10/2016

JLL India’s new vertical to invest in real estate startups

Property consultancy JLL India has launched an independent vertical to make strategic investments in startups that are developing disruptive technology solutions for the real estate sector. The purpose of this vertical is to invest in early-stage companies, or startups, which can potentially disrupt the real estate business with brand-new thinking, […]
24/10/2016

SoftBank to invest up to Rs 2,000 crore in Ola

Japanese telecom and internet major SoftBank Corp will invest $250-300 million (INR 1,700-2,000 crore) in Ola as it leads a new round of funding in India’s largest ride-hailing app.
24/10/2016

Health-test platform Healthians raises INR 20 Crore

Expedient Healthcare, which owns and operates home service health-test platform Healthians, has raised about INR 20 crore in a new round of funding led by Japanese early-stage investor Beenext. The company, which operates in the national capital region, will use the funds to expand operations to Mumbai, Bengaluru and Hyderabad.
24/10/2016

Online wealth advisory platform Bharosa Club raises funding

Delhi-based online advisory platform, Bharosa Club has secured an undisclosed amount in a bridge financing round from the company’s management and investors. The funding will be utilized to scale up product offering and network, and to boost the aim to reach the 1 million customer milestone.
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