Archive News


Eagle Group, angel investors back drone startup Droni Tech

Droni Tech, a Mumbai-based startup that offers drone hardware based on artificial intelligence, has raised USD 500,000 in its first seed funding from Eagle Group and angel investors.

Customer engagement platform Narvar raises USD 30m Series C led by Accel

Customer engagement platform Narvar has raised USD 30 million in a Series C financing round led by venture capital firm Accel.

Realty veterans plan USD 100m early-stage fund to back Indian prop-tech startups

Real estate veterans Anuj Puri and Yash Gupta along with CapitalM plan to launch a USD 100 million early-stage fund to invest in companies in the expanding property technology (proptech) segment.

IT solutions firm ONGO Framework gets angel funding, buys Hockystick

ONGO Framework, a business-to-business IT and digital solutions provider, has acquired Hockystick Media, a digital marketing agency for an undisclosed amount in a cash-and-equity deal.

Mahindra Logistics picks up stake in transport management startup ShipX

Kedaara Capital-backed third-party logistics (3PL) solution provider Mahindra Logistics Ltd has invested INR 7 crore in freight management solution startup ShipX.

Prime Venture Partners invests in logistics-tech startup WheelsEye

Technology-based logistics startup WheelsEye has raised INR 7 crore from early-stage venture capital firm Prime Venture Partners.

Iron Pillar leads investment in device after-sales services firm Servify

Servify, a startup that offers brand-authorised after-sales service for devices, has raised USD 15 million in a Series B round led by Iron Pillar.

Apple buys startup focused on lenses for AR glasses

Apple Inc has acquired Longmont, Colorado-based Akonia Holographics, a startup focused on making lenses for augmented reality glasses.

MSDF pumps fresh capital into logistics marketplace Blowhorn

Global philanthropic organisation Michael and Susan Dell Foundation (MSDF) has infused INR 5 crore of fresh capital into intra-city logistics startup Blowhorn.

Leap India raises INR 200 crore from Piramal Cap

Leap India, a logistics company that rents out pallets and large foldable containers, has raised INR 200 crore debt from Piramal Capital & House Finance and is in talks with private equity firms to raise equity worth another INR 250 crore.

CitiusTech buys majority stake in FluidEdge

CitiusTech, a provider of healthcare technology solutions and services, has acquired a majority stake in FluidEdge Consulting, a healthcare management consulting company headquartered in Philadelphia.

Gifting portal PropShop24 gets first cheque from investors

Mumbai-based gift curation platform PropShop24 has raised USD 500,000 in its first investment round from undisclosed investors.

Nexus, Omidyar Network & Shunwei Capital back vernacular health content startup

Medical content startup myUpchar has raised USD 5 million in a Series A round of funding from investment firms Nexus Venture Partners, Omidyar Network and Shunwei Capital.

Orios Venture Partners, NEA invest in entertainment website MissMalini

MissMalini Entertainment Pvt Ltd, operator of an eponymous lifestyle and entertainment content website, has raised around USD 1 million in a pre-Series A round of funding from venture capital firms Orios Venture Partners and New Enterpise Associates.

‘Oracle of Omaha,’ Warren Buffett in talks for a slice of Paytm

Warren Buffett’s Berkshire Hathaway is in talks to invest about INR 2,000-2,500 crore in Paytm parent One97 Communications.

Rooter raises around INR 4 crore in pre-series A

Live sports social engagement startup Rooter has raised around INR 4 crore in pre-Series A round from a clutch of investors.

ZestMoney raises around USD 13 million in a round led by Xiaomi

Digital lending platform ZestMoney has raised around USD 13 million in an extension of its Series-A round led by Chinese smartphone manufacturer Xiaomi.

Fintech startup Shubh Loans raises around USD 4 million from Saama Capital, others

Datasigns Technologies Pvt Ltd, which runs fintech lending platform Shubh Loans, has raised around USD 4 million in an investment led by Saama Capital.

Fincare raises around USD 13 million from existing investors True North, TA Associates and others

Fincare Business Services Ltd, the promoter of Fincare Small Finance Bank, has raised INR 95 crore through a rights issue from existing investors, including True North, TA Associates and Tata Opportunities Fund.

EY executive invests in omnichannel fashion startup Modestreet

Noida-based Modestreet Internet Pvt Ltd, an online omnichannel fashion shopping and discovery platform, has raised an undisclosed sum of angel investment from Anshika Aggarwal.

Car-sharing startup Revv raises USD 14 million led by Korean automaker Hyundai

Car-sharing startup Revv has secured about USD 14 million in a Series B funding round led by Hyundai Motor, South Korea’s largest automaker.

CIIE’s Bharat Inclusion Initiative strikes maiden deal in fin-tech startup Kaleidofin

Bharat Inclusion Initiative, the seed fund set up by IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), has invested an undisclosed sum in financial technology platform Kaleidofin.

Fin-tech fund Rainmatter invests in options trading platform Sensibull

Options trading platform Sensibull has raised about USD 357,000 from Rainmatter, a fin-tech fund and incubator managed by stock broking firm Zerodha.

CBA Capital backs professional education firm Imarticus Learning

Imarticus Learning Pvt Ltd, a professional education platform, has raised USD 2 million in its Series B round from venture capital fund CBA Capital.