Archive News

08/05/2017

Ecommerce consultancy Ace Turtle receives Series-A funding

The venture capital arms of Singapore’s sovereign fund Temasek and Southeast Asia’s largest real estate developer CapitaLand have teamed up to invest more than $5 million in Bengaluru-based ecommerce consultancy Ace Turtle. Temasek’s Vertex Venture led the Series-A funding and CapitaLand’s C31Ventures is the co-investor in Ace Turtle, an omni-channel […]
08/05/2017

MyGreens raises INR 3-5 Crore in angel funding

Delhi-based cold pressed juice maker MyGreens has raised INR 3-5 crore in an angel round. MyGreens will use the capital raised to launch a new range of beverages in keeping with its vision to be a ‘clean label’ fast-moving consumer goods brand by early 2018.
08/05/2017

Tech-focused VC firm Iron Pillar makes first close of its maiden fund with INR 129 crore

Tech-focused venture capital firm, Iron Pillar, has made the first close of its maiden India fund at INR 129 crore, bringing on board two major anchor investors, Small Industries Development Bank of India (SIDBI) and diversified financial services player IIFL.
08/05/2017

Ratan Tata-backed NestAway buys home rental firm Zenify

Home rental startup NestAway has acquired rental management company Zenify in an all stock deal. The acquisition will help NestAway expand its services for families.
08/05/2017

Yepme raises $700K in bridge round, eyes $1.5 Million more

Fashion e-commerce firm Yepme, operated by VAS Data Services Pvt Ltd, has raised around $700,000 in bridge funding. The company raised the capital by issuing optionally convertible debentures to Kolkata-based Rainbow Digital Services Pvt. Ltd and Noida-based ILearnFinance Academy Pvt. Ltd.
05/05/2017

Fintech startup Balance raises INR 1.5 crore from Zerodha’s rainmatter fund

Fintech startup Balance has raised funding from discount broking firm Zerodha, which has invested through its Rainmatter fund. Balance is set to launch an app designed to help individuals make smart savings and invest in low-risk mutual funds.
05/05/2017

DriveU acquires driver services provider DriversKart

DriveU, an on-demand driver aggregator, has acquired Chennai-based DriversKart for an undisclosed amount. With this acquisition, DriveU continues to consolidate its position as India’s premier driver aggregator for both consumers and businesses.
05/05/2017

IndoStar’s CEO infuses INR 100 cr for 5% stake

R Sridhar, who recently joined Everstone-backed IndoStar Capital Finance, has infused around INR 100 crore into the company. The financial-services veteran has joined IndoStar as executive vice-chairman and chief executive officer, taking over from Vimal Bhandari, who had led the firm since 2011.
05/05/2017

CarTrade buys vehicle inspection co Adroit Inspection

MXC Solutions India Pvt Ltd – which operates online automobile classifieds platform CarTrade has acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal.
05/05/2017

Rana Kapoor’s family offices plans to invest $150 Million in startups

The family office of YES Bank founder and chairman Rana Kapoor, which is run by his three daughters, plans to invest $150 million to incubate and fund new businesses. The family office named The Three Sisters is keen to invest in sectors including education, tourism, family entertainment centres, and agri-logistics.
05/05/2017

Hinduja Family backs sports & fitness startup UACTIV

The Hinduja family has picked up a stake in UACTIV, a social networking and discovery platform for sports and fitness enthusiasts, for an undisclosed amount. UVACTIV plans to spend a majority of the funding in strengthening its technology while the remaining would be spent on marketing and operational expenses.
05/05/2017

Quikr acquires home services startup Zimmber in $10 Million all-stock deal

Online classifieds company Quikr India Pvt Ltd has acquired home services start-up Zimmber (Rejuvenate Solutions Pvt Ltd) for about $10 million in an all-stock deal, in the attempt to strengthen its position in the segment. Mumbai-based Zimmber is Quikr’s fourth acquisition in the home services vertical in the last 12 […]
04/05/2017

Beenext-backed Healthians secures funding from Japan’s Asuka

Healthians, a diagnostics and wellness startup, has secured an undisclosed amount of funding from Japanese firm Asuka Holdings. Last October, Healthians received $3 million in Series A round led by Singapore-based Beenext in which Digital Garage, Beenos and some other undisclosed investors also participated.
04/05/2017

Natural food startup ONTHERUN gets funding

ONTHERUN, a natural food startup run by Stayfit Enterprize Pvt Ltd, has received an undisclosed amount of funding from actor and fitness icon Milind Soman. ONTHERUN energy bars are currently available in six variants – fig & sate, caffeine rush, prune & raisin, hazelnut magic, ginger crunch, oats and apricot.
04/05/2017

Brinton raises $4 million from Tata Capital

Brinton Pharmaceuticals, which provides healthcare products and services for various therapeutic segments, has raised $4 million from Tata Capital Healthcare Fund, as the firm looks to enter into newer areas such paediatrics and gynaecology and expand its international operations.
03/05/2017

Ola raises $104 Million more from Falcon Edge, Ratan Tata fund

Cab-hailing firm Ola, operated by ANI Technologies Pvt Ltd, has raised INR 670 crore in a fresh round of funding from Falcon Edge Capital and Ratan Tata’s RNT Capital Advisers. The latest funding round takes the total Ola has raised so far to $1.5 billion.
03/05/2017

Realty-tech startup ZippServ gets seed funding

ZippServ, an online platform that provides risk assessment services for real estate investments, has raised USD 390,000 from a clutch of investors. The Bengaluru-based startup, run by Ideaclicks Infolabs Pvt Ltd, provides advisory services related to legal, technical and civil engineering due diligence, and frauds related to property titles.
03/05/2017

Ventureland Asia sets aside $10m for startups

Creativeland Asia head Sajan Raj Kurup has set up an investment firm to back emerging brands and startups. The firm, Ventureland Asia, has set aside about $10 million till date which will be equally distributed between the investment firm’s bridge fund and marquee fund.
03/05/2017

Venture Catalyst, others invest in campsite aggregator

REAPRA Ventures, a Japanese early-stage investor, has made its Indian debut by investing in Deyor Camp, a campsite aggregator. REAPRA Ventures along with Venture Catalyst and a few HNIs have made an undisclosed amount of funding in the firm, picking up a 5% stake in total.
02/05/2017

Logistics startup Fortigo raises $10 Million Series A from existing investors

Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani. Bengaluru-based Fortigo had raised about $2 million in seed funding from both Nilekani and Accel at the time of its launch.
02/05/2017

Krungsri launches $30 Million VC fund to invest in fintech firms

Thailand’s fifth largest financial group Krungsri has launched a $30-million venture capital fund to invest in financial tech startups in 2017-19. It is considering the best options for both direct investment in Thai potential startups and investment in fintech startup funds in Thailand and overseas with a $30-million capital budget.
02/05/2017

Parkpine Capital to launch $50 Million debut fund by this fall, to invest in 3 SEA firms

Newly founded California-based venture capital firm Parkpine Capital is set to launch its debut $50-Million seed fund and seal at least three deals by September. It is looking at investing in technology startups from Southeast Asia.
02/05/2017

H’bad Angels puts $1.5 Million in Innovapptive

Enterprise mobile software startup Innovapptive has raised fresh funding from Hyderabad Angels. The startup intends to use the funds raised to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition.
02/05/2017

Fin-tech startup SMEcorner raises bridge funding from Dutch fund

Mumbai-based digital lending platform SMEcorner has raised a bridge round of funding from a Dutch government fund.
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