Archive News


Sun Pharma to acquire around 18% stake in Israel’s Tarsius for USD 3 million

Sun Pharmaceutical Industries is acquiring an around 18  per cent stake in Israel-based Tarsius Pharma for a cash consideration of USD 3 million.

Lightbox Ventures raises USD 178 million for third fund, targets final close at USD 200 million

Lightbox, focused on early-stage consumer technology businesses in India, has raised USD 178 million of the targeted USD 200 million for its third venture fund.

Mead maker Moonshine secures seed funding

Moonshine Meadery, which claims to be Asia’s first dedicated mead-maker, has raised an undisclosed amount in its seed round of funding from a bunch of wealthy individuals.

Logistics start-up Rivigo Services in talks for USD 400 million funding

Rivigo Services Pvt Ltd, India’s most valuable logistics start-up, is in talks to raise a large round of funds from new and existing investors as it seeks to expand its trucking fleet and add new clients.

US venture capital firm, IDG and others invest USD 9 million in CloudCherry

Chennai- and US-based software-as-a-service (SaaS) startup CloudCherry Analytics Pvt Ltd has raised USD 9 million (around INR 64 crore) in the second round of Series A funding.

Japanese telecom operator KDDI backs AI-for-fashion startup Mad Street Den

Artificial intelligence (AI) and computer vision technology startup Mad Street Den Systems Pvt Ltd has secured an undisclosed amount in fresh funding from Japanese telecom operator KDDI.

Mark Mobius, others invest in online parenting platform BabyChakra

BabyChakra, an online portal which connects parents to services and products for babies, has raised an undisclosed amount of funding from veteran emerging markets fund manager Mark Mobius; Equanimity Ventures and a clutch of individuals.

Temasek, DENSO & others invest in AI hardware firm ThinCI’s Series C round

US-headquartered artificial intelligence hardware startup ThinCI Inc has raised USD 65 million in its Series C round of funding led by existing investor, Japan-based automotive components manufacturer DENSO, and its subsidiary NSITEXE Inc.

Tencent leads USD 100 million investment in fantasy sport platform Dream11

Tencent Holdings Ltd has invested USD 100 Million in Dream11 Fantasy, which operates an eponymous fantasy sport website, as part of its Series D funding.

Gray Matters Capital, Keiretsu Forum back ed-tech startup SRJNA

Jaipur-based experiential learning startup SRJNA has raised an undisclosed amount of funding from impact investor Gray Matters Capital’s edLABS initiative, angel network Keiretsu Forum and SucSEED Venture Partners.

Artha Venture Fund backs tea kiosk chain Haazri

Chotta Haazri Foods Pvt Ltd, which operates tea kiosks in Mumbai under the brand Haazri, has raised around USD 180,000 in a seed round of funding from early-stage investment firm Artha Venture Fund.

Peter Thiel’s Mithril Capital leads big Series C round in GreyOrange

Singapore and Gurugram-based GreyOrange has raised USD 140 million in a Series C investment round led by US-based investment firm Mithril Capital.

INR 81 crore for Chaayos from SAIF Partners, others

Chaayos has raised INR 81 crore from marquee venture capital firm SAIF Partners, Hong Kong-based Integrated Capital and Singapore-based growth stage investment firm Pactolus.

Lighthouse India invests around USD 15 million for minority stake in Nykaa; TVS Shriram exits

Lighthouse India Fund III Ltd, an affiliate of consumer-focused private equity firm Lighthouse Advisors, has invested INR 113 crore for a minority stake in beauty and wellness startup Nykaa through a secondary share sale.

SIDBI’s venture capital arm bets on hygiene products maker

SIDBI Venture Capital Ltd’s India Opportunities Fund has invested INR 10 crore in, Walmark Meditech Pvt Ltd, a company that makes diapers and sanitary pads.

Persistent Systems buys Herald Tech

Persistent Systems has fully acquired US-based healthtech startup Herald Technologies Inc for around USD 5 million.

Ebix acquires Miles for USD 19 million

Ebix, through one of its Indian subsidiaries, has signed an agreement to acquire Mumbai-based Miles Software for about USD 19 million.

IIM-Ahmedabad’s CIIE backs sports footwear startup Heelium

Heelium Sports Pvt Ltd, a startup which makes customised running shoes, has raised an undisclosed amount in seed funding from Centre for Innovation, Incubation & Entrepreneurship (CIIE).

Chinese accelerator invests in budget eyewear retailer ClearDekho

Online eyewear marketplace ClearDekho has raised an undisclosed amount in fresh funding from Chinese accelerator SOSV-MOX.

India’s Oyo Rooms likely to get backing of Didi Chuxing to boost China presence

Hotel chain Oyo Rooms is expected to get the backing of Chinese ride-hailing giant Didi Chuxing in a fresh funding round.

LT Foods raises around INR 140 crores from Rabo Equity for its organic food unit

LT Foods Ltd, known for its rice brand Daawat, has raised INR 140 crore from existing investor Rabo Equity Advisors for its wholly-owned subsidiary Nature Bio Foods Ltd (NBFL) in lieu of an equity stake.

Manipal Group to acquire minority stake in Cigna TTK Health Insurance

Manipal Group will be acquiring a 16% stake in healthcare insurance provider Cigna TTK Health Insurance Co Ltd for an undisclosed amount.

Singapore’s RB Investments bets on two Indian companies

Singapore-based boutique venture fund RB Investments has invested in management consultancy services firm Creando Associates Pvt Ltd and textile care company SB Fabcare.

FinUp finances SlicePay in Series A, deal estimated at USD 15 million

Fintech startup Slice-Pay, which offers instant credit to students and young professionals, has raised Series-A funding  estimated at USD 15 million led by Chinese lending company FinUp Finance Technology Group.