Archive News


Shadowfax raises $10 Million in Series B from Eight Roads Ventures

On-demand logistics company Shadowfax has raised INR 67 crore ($10 million) as part of its Series B fund-rasing round from existing investor Eight Roads Ventures, the proprietary investment arm of Fidelity International. The company processes close to 30,000 orders per day with an average cost structure of INR 55 per […]

PayPal to buy minority stake in Freecharge

Global payments platform PayPal Holdings Inc is in the final stages of closing a deal to take a significant minority stake in domestic digital payments platform Freecharge. The deal could see the sale of a 25% stake for around $200 million.

Exfinity closes second fund at $45 Million to focus on AI, IoT

Enterprise technology-focused venture capital firm Exfinity Venture Partners has closed its second fund at INR 300 crore from a clutch of family offices, industrial houses and high net-worth individuals, including Rakesh Jhunjhunwala, India’s best-known stock market investor. The fund, called Exfinity Technology Fund-Series II, will be invested in artificial intelligence, […]

Lightbox raises $54 Million expansion fund

Venture capital firm Lightbox has closed a new expansion fund, estimated at about $54 million (about INR 360 crore). With the closure of the new fund, the Mumbai-headquartered investment firm now has over $100 million in its coffers, a significant portion of which is expected to be deployed as it […]

enKast raises $2 Million from Ivy League Network

Bengaluru-based startup Seamovation Labs has raised a Pre-Series-A round funding round of $2 million for its product named enKast that enables modeling and talent agencies to monitor and optimise available resources in real time. The funding will be utilized to enhance the scalability and quality of enKast’s on demand platform […]

Japan’s fund places first bet on ShopKirana

Japanese seed-stage investors Incubate Fund has led a bridge round in business-to-business FMCG platform, ShopKirana. The amount of investment is estimated to be between INR 2 crore and Rs 3 crore The Indore based startup helps mom-and-pop stores improve their supply chain by partnering with FMCG brands. Other investors in […]

Process management startup AsoCon raises funding from Early-stage fund Quarizon

Process management startup AsoCon Outsourcing India Pvt Ltd has raised an undisclosed amount of seed investment from early stage investment firm Quarizon. AsoCon Outsourcing India provides services such as web development, social media operations, and provides feet on street for field work.

Salon chain operator Bodycraft raises first external funding

Bengaluru-based salon chain Bodycraft has raised its first external round of funding from from Mumbai based M J Shah Ventures, the private investment arm floated by M J Shah Group of Companies. The funding will be utilized to expand beyond Bengaluru and foray into other south Indian markets. A part […]

DaaS startup Innoplexus raises funding from German VC fund HCS

Innoplexus, Germany- and India-based consulting-led technology and product development firm focused on big data and analytics, has raised an undisclosed amount in pre-Series A funding from HCS, a Germany-based venture capital fund. The funding will be utilized to file more patent applications, develop their trademark platform, iPlexus, and invest in […]

Test prep app OnlineTyari acquires photo and video sharing platform Plix

Gurugram-based test preparation app OnlineTyari (OT) has acquired Plix, a photo and video sharing platform. OnlineTyari will use Plix’s skill in the field of machine learning and pattern recognition to augment adaptive learning and in creating a more personalized experience on its platform.

Career counsellor Mindler raises INR 2.2 crore funding

Online platform for career counselling Mindler has raised funding from two of its existing investors. The Delhi-based company uses a platform based on artificial intelligence and machine learning to provide assessment programmes that can help school students decide their career path.

Ready-to-eat popcorn startup Timla Foods raises funding from Kae Capital

Hyderabad-based Timla Foods, makers of ready-to-eat popcorn sold under the brand “PopiCorn,” has raised undisclosed amount of seed fund from Mumbai-based early-stage investment fund Kae Capital. The funding will be utilized to enhance production capacity and expand to other cities.

Personal care startup MCaffeine raises $300K angel funding

MCaffeine, a personal care brand, has secured $300k in angel funding from a group of angel investors. The funding will be utilized to expand the product portfolio and supply chain.

Agri-business startup E-Vegetailing raises funding from Chennai Angels

Chennai-based E-Vegetailing Pvt Ltd, which sells fresh vegetables procured directly from farmers, has raised $162,000 from The Chennai Angels. The funding will be utilized to scale up business and simultaneously enhance seamless farm-to-door solution.

Deals app The BlueBook raises funding from IAN, LetsVenture, others

Bengaluru-based online-to-offline (O2O) marketing platform The BlueBook has raised a $500,000 in a seed round of funding led by Indian Angel Network (IAN). The funding will be utilized to consolidate the merchant and user base in Hyderabad, Bengaluru and Gurgaon, apart from investing on the product and technology to offer […]

Groceries startup Supr Daily raises funding from Venture Catalysts

Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain. The funding will be utilized to scale up pan-Mumbai operations in the next six months.
Hyderabad-based Vave Infosolutions India Pvt. Ltd, which runs motorcycle-sharing startup Getbike, has raised $100,000 (around Rs 68 lakh) in angel funding from a group of investors

Heathtech firm Tiyo raises second round of seed funding

Healthtech startup, Tiyo, run by Labsense Technology Services, has raised an undisclosed amount in its second round of seed funding led by existing investor Ajith Nair, CEO of I-Adepto Global. The funding will be utilised for strengthening development team, developing patient care technology and consolidating sales effort.

Jewellery e-tailer VivoCarat raises seed funding

Online jewellery marketplace VivoCarat has raised $50,000 in seed funding from a group of individual investors. The funding will be utilised for product development, team building, and marketing.

Events marketplace Events High raises funding from Axilor Ventures

Bengaluru-based Nuta Technologies Pvt Ltd, which runs events marketplace Events High, has raised an undisclosed amount of funding from Axilor Ventures. The funding will be utilised to expand organiser base and enhance user experience on the platform.

Swedish firm Starbreeze acquires Dhruva Interactive for $8.5 Million

Starbreeze AB, a Swedish game developer, has agreed to acquire stake in Indian art production company Dhruva Interactive.  It will pay $7 million in cash while $1.5 million will be paid through the issue of Starbreeze B-shares. Dhruva will continue to operate under its brand name.

NoBroker raises INR 50 Crore from South Korean investment firm

In an extension of its series-B round, online real estate rental and resale platform NoBroker has raised INR 50 crore from South Korean investment firm KTB Ventures. The consumer-to-consumer platform provides a select number of owner contact details based on the user’s specifications. 

Media startup ScoopWhoop acquires Touchfone Technologies

Media startup ScoopWhoop has acquired Touchfone Technologies for an undisclosed amount in a cash-and-stock deal. As part of the deal, Touchfone Technologies cofounders Mahesh Subramanian and Brahmayya Akella will be appointed as ScoopWhoop’s chief technology officer and chief integration officer respectively. 

Emerald Media leads $35 Million funding in geo targeted advertisement startup Amagi Media Labs

Private equity firm KKR-backed investment platform, Emerald Media, has led $35 million in Series D round of funding in cloud-based geo-targetted ad firm, Amagi Media Labs. Premji Invest, the investment handle of existing investor, Azim Premji also participated in the round. The funding will be utilized to enhance R&D efforts […]