Archive News

13/09/2018

New mid-market PE fund in talks with Coverfox for maiden deal

Coverfox, an online insurance aggregator, is in talks to raise USD 8-10 million from Avaana Capital.
12/09/2018

Tappp gets USD 5 million in Series-A funding

Pre-paid platform Tappp, which enables global access to premium live sports content, has raised USD 5 million in Series-A financing, led by global sports tech venture fund ADvantage.
12/09/2018

Upwards Fintech raises USD 5 million from China’s Shunwei Capital, others

Upwards Fintech, which offers consumer-focussed micro loans, has raised USD 5 million in a Series A funding round from Chinese venture fund Shunwei Capital
12/09/2018

Hong Kong-based CLP’s India arm buys 49% in two Suzlon solar projects

CLP India, a wholly-owned subsidiary of Hong Kong-based CLP Holdings, has acquired a 49 per cent stake each in two of Suzlon’s solar projects in Dhule,
12/09/2018

Omidyar Network leads seed investment in fintech startup Bon

Bonfleet Solutions Pvt Ltd, which runs fintech startup Bon, has raised a seed round of funding of around INR 7 crore led by impact investment firm Omidyar Network.
12/09/2018

Energy tech firm AutoGrid secures Series D capital

US-based artificial intelligence-based energy solutions firm AutoGrid, which also has operations in India, has raised USD 32 million in a Series D round of funding from new and existing investors.
11/09/2018

Stellaris and Fireside sawaddle Mamaearth with USD 4 million in Series A

Mother and baby care brand Mamaearth has raised USD 4 million, as part of its Series-A round led by early stage technology-focused fund Stellaris Ventures and existing investor Fireside Ventures.
11/09/2018

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.
11/09/2018

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.
11/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
10/09/2018

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.
07/09/2018

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.
06/09/2018

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.
06/09/2018

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.
06/09/2018

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.
05/09/2018

Persistent Systems buys Herald Tech

Persistent Systems has fully acquired US-based healthtech startup Herald Technologies Inc for around USD 5 million.
05/09/2018

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.
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