Archive News


DSG Consumer Partners, others to invest more in fintech firm IndiaLends

GC Web Ventures Pvt Ltd, which operates online lending marketplace IndiaLends, is in the process of raising INR 64 crore in fresh capital from Existing investors DSG Consumer Partners, American Express Ventures and Chinese investment firm Cyber Carrier VC.

Ajay Relan, others back Biryani By Kilo in pre-Series A round

Sky Gate Hospitality Pvt Ltd, which runs food startup Biryani By Kilo (BBK), has raised USD 1 million in another pre-Series A round of funding from a clutch of investors led by Ajay Relan, co-founder and former managing partner of private equity firm CX Partners.

Y Combinator invests in Leena AI

Gurugram-based HRtech startup Leena AI has secured an undisclosed amount of investment from US-based investor Y Combinator.

The Chennai Angels, Keiretsu invest more in auto services startup GoBumpr

Northerly Automotive Solutions Pvt Ltd, which operates automobile services platform GoBumpr, has raised USD 600,000 (around INR 4 crore) in a pre-Series A round of funding from existing investors The Chennai Angels (TCA) and global investor network Keiretsu Forum.

Angel investors back parent of Frapperz following pivot to AI-based recruitment

NumeroSeven Technologies Pvt Ltd an artificial intelligence-based recruitment platform has raised an undisclosed amount from Australia-based healthcare entrepreneur Shiva Gunapuand other clutch of investors.

Technogram Solutions stealth-mode travel startup raised INR 5 crore

Technogram Solutions, a SaaS offering for corporate and B2B travel consolidators to increase productivity and grow business, raised INR 5 crore equity financing from a group of angel investors

Social startup Muskaan Dreams raises INR 1.5 crore funding from Vedanta Group

Muskaan Dreams, a youth-driven non-profit social startup, has raised INR 150 lacs from Hindustan Zinc Limited, part of the Vedanta Group

Recommerce startup Cashify raises USD 12 million from Morningside, CDH, others

Online used-phone seller Cashify has raised USD 12 million led by China’s private equity firm CDH Investments and early-stage fund Morningside Ventures along with strategic investor AiHouShou

CRM startup Hashtag Loyalty raises funding to focus into AI-powered marketing

Customer relation management (CRM) and automation startup Hashtag Loyalty has raised an undisclosed amount in a Seed funding round from New York-and Delhi-based seed stage focused investor Ahimsa Capital.

Online education startup Edureka raises USD 2 million from Leo Capital India

Online education start-up Edureka has raised USD 2 million in its first round of funding from venture fund Leo Capital India as it seeks to achieve growth targets and bring senior leadership on board

Amazon, others to invest in bus aggregation platform Shuttl

Bus aggregation platform Shuttl is set to raise USD 11 million in a fresh round of funding from a clutch of investors including e-commerce behemoth Amazon

Wow Express raises USD 4.5 million to expand to over 100 cities by 2019

Mumbai-based ecommerce delivery platform Wow Express has raised USD 4,500,000 in a Series A round of funding from the existing investor Tamarind Family Private Trust of the Mansukhani family.

Times Internet acquires majority stake in MX Player for USD 146m

India’s Times Internet Ltd bought a majority stake in MX Player for over INR 10 billion (USD 146 million), as it ventures into the video streaming space.

Creation Investments invests afresh in money transfer firm Eko

Gurugram-based Eko India Financial Services Pvt Ltd, which provides domestic remittance services, has raised INR 10 crore from US-based impact investor Creation Investments

Sprout Venture Partners, others back maker of healthy snack bars

Wholesome Habits Pvt Ltd, which sells healthy snack bars under the brand name Eat Anytime, raised USD 500,000 in seed funding from early-stage investment firm Sprout Venture Partners and a few high-net-worth individuals

Sequoia Capital starts raising money for sixth India-focused fund

Global venture capital firm Sequoia Capital has formally kicked off the process of raising money for its sixth India-dedicated fund.

Angel investors back agri startup Eggoz

Nupa Technologies Pvt Ltd, which operates a network of layer poultry farms named Eggoz, has raised USD 176,000 in seed funding from Narendra Sankar, Vishal Sharma, Anurag Jhanwar, Mohini Jhanwar, and Sunil Mishra.

HipBar has secured an investment of USD 4 million from beverage alcohol company Diageo India.

Chennai-based digital payments startup dedicated to serving the needs of the alcohol beverage industry HipBar has secured an investment of USD 4 million (INR 270 million) from beverage alcohol company Diageo India.

InCred looks to invest INR 50 crore in Walnut

Nonbanking finance company InCred Finance is seeking to invest around INR 50 crore into Pune-based personal finance management startup Walnut.

Accel Partners, IDG Ventures inject more capital into SigTuple Technologies

Medical-technology startup SigTuple Technologies Pvt Ltd has raised USD 19 million (around INR 129 crore) in a Series B funding round led by existing investors Accel Partners and IDG Venture.

Equanimity Venture Fund backs fintech startup Sqrrl in pre-Series A round

Sqrrl Fintech Pvt Ltd, which owns and operates investment app Sqrrl, has raised USD 1 million in a pre-Series A round of funding from Equanimity Venture Fund.

SoftBank Vision Fund leads USD 200 million investment in PolicyBazaar

ETechAces Marketing & Consulting Pvt Ltd, the operator of online insurance selling platform PolicyBazaar,com and lending marketplace PaisaBazaar,com, has raised USD 200 million (INR 1,360 crore) in a round led by SoftBank Vision Fund.

Waste management firm Nepra raises Series B funding from Aavishkaar, Asha Impact

Nepra Resource Management Pvt Ltd, a waste management company that operates under the ‘Let’s Recycle’ brand, has raised INR 44 crore in its Series B round of funding.

Aahaa Stores raises USD 2 million from UAE’s Calega

Aahaa Stores, an integrated procurement services provider for office supplies, raised USD 2 million (INR 14 crore) from UAE-based global investment group Calega.