Archive News


Online fast fashion brand StalkBuyLove raises funding from Fabindia’s William Bissell

Ethnic retailer Fabindia’s MD William Bissell has invested an undisclosed amount in online fast fashion brand StalkBuyLove. This is an extension of the e-tailer’s last round of funding when it had raised about $1.5 million from Silicon Valley incubator 500 Startups and German venture fund Littlerock earlier this year. The […]

RIL to create a INR 5,000 crore fund to invest in tech start-ups

Reliance Industries Ltd (RIL) chairman Mukesh Ambani anounced that the company is setting up a INR 5,000 crore fund—Jio Digital India Startup Fund—to invest in digital businesses. The corpus will be invested over the next five years. The company will also be setting up entrepreneurship hubs in key cities and […]

Gaja Capital strikes third deal from new fund; Looks to end 2016 on a high

Private equity firm Gaja Capital has invested INR 30 crore in small finance bank licensee Suryoday Micro Finance, marking its third investment from its latest fund. The transaction follows investments made by the Mumbai-headquartered mid-market investor in frozen bakery and confectionery producer and supplier Bakers Circle, and in sports and […]

Mountain Capital to invest in Paytm

Mobile payments firm Paytm announced that Mountain Capital will make an investment in the company, which will allow the consumer brand of One97 Communications to accelerate and a develop vibrant mobile ecosystem. The funding will be utilized for expansion and scaling up, boosting payments and commerce and building and launching […]

Casino & hotel operator to buy online gaming startup adda52 for $27 Million

Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52 in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million). Post the first leg of the transaction, which is expected to be completed by […]

AI startup Mad Street raises funding from Sequoia, existing investors

Artificial intelligence start-up Mad Street Den Systems Pvt Ltd has raised an undisclosed amount in a Series A funding round from Sequoia Capital and its existing investors Exfinity Venture Partners LLP and GrowX Venture Management Pvt Ltd. The funding will be utilized to expand further into global markets. The company […]

Indore-based startup EngineerBabu raises INR 1 crore from Scale Ventures

Indore-based startup EngineerBabu has raised INR 1 crore from Scale Ventures. The company, which is into IT services including developing websites and mobile-based applications, plans to use the funds to turn into a business-to-business marketplace for IT services and help connect international companies with local IT service providers.

Lucideus raises 3rd round of angel funding in two months

Lucideus, an IT Risk Assessment and Digital Security Services startup has receiving angel funding from Motilal Oswal Private Equity’s director, Amit Choudhary. This is the third round of angel funding the startup has received since June this year. Ranging between $50,000-100,000, the startup has attracted funding from early investors in […]

YourNest to invest in robotics, blockchain and IoT startups

Investment firm YourNest Angel Fund aims to raise a larger corpus that will help the early-stage fund write larger cheques and also provide growth capital for portfolio companies. The Gurgaon-based firm, which is awaiting regulatory approval for the new fund, plans to raise up to INR 300 crore. The firm […]

Home services startup Renowala raises funding

Hyderabad-based on-demand marketplace for home improvement services Renowala secured a second round of seed funding from FMCG veteran Pradeep Dhobale. The funding will be utilized for talent acquisition.The company is also looking at raising one more round of seed funding worth Rs 2 crore for their expansion plan.

Sony acquires Zee’s TEN Sports for $385Million

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. […]

Personal mobile assistant app Mihup secures $6.7 Million from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs INR crore  from Accel Partners. The VC firm is picking up 20% stake in the startup. The funding will be utilized to develop the software and hardware of Mihup’s speech recognition system […]

IDG Ventures, Paytm founder back fashion rental startup Flyrobe

Online fashion rental portal Flyrobe has raised INR 35 crore in its second round of funding led by IDG Ventures, with the participation of Tokyo-based GREE Ventures and existing investor Sequoia India. The funding will be utilized to expand to five more cities including Hyderabad, Bangalore, as well as to […]

Nutanix acquires software deployment solutions startup

Enterprise cloud solution provider Nutanix has acquired the Sequoia-backed startup. This offers a platform for smooth transitioning of software and applications to their newer updates. It has 43 employees. Its engineering team operates out of its office in Bengaluru., which facilitates most of its engineering work from India will […]

Quintillion Media, others back matchmaking app for differently abled Inclov

Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl- led digital news venture Quintillion Media Pvt Ltd. The funding will be utilized for redesigning the Android […]

Foodpanda eyes fresh funds, may opt for sale

The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently mandated Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as […]

Denmark’s Sophia Investment backs farm-tech firm CropIn

CropIn Technology Solutions Pvt Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million  from Denmark’s Sophia Investment ApS. The funding will be utilized to hire staff in the marketing, operations and technology segments. The company  plans to develop its ‘SmartFarm’ application for real-time monitoring […]

Online photography startup Canvera raises $3 Million more led by Info Edge

Bengaluru-based online photography startup Canvera Digital Technologies Pvt Ltd has raised INR 20 crore ($3 million) led by existing investor Info Edge (India) Ltd. Founded in 2008 as a web-enabled photo-book company, Canvera entered associated e-commerce in March 2011. It provides solutions to professional photographers via its website It […]

EdTech platform iAugmentor raises INR 1 crore in seed funding

Education-technology company, iAugmentor Labs Pvt Ltd raised INR 1 crore in seed funding from Rajasthan Angel Investor Network and other undisclosed individual investors. The funding will be utilized to introduce new learning mediums such as games, animations, cartoons and videos.

TerraPay acquires UK’s Pay2Global

TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).

MediaTek invests INR 400 crore in One97

Taiwanese semiconductor maker MediaTek will invest INR 400 crore ($60 million) or about a fifth of the capital being infused into India’s One97 Communications, which runs mobile payment and ecommerce platform Paytm. The deal, which was ratified by the board of directors of Noida-based company on Monday, will see valuation […]

Facility management and home services startup SBricks acquires home services aggregator HomeCues

Facility management and home services startup SBricks has acquired home services aggregator HomeCues for more than $1 million. While HomeCues will be a subsidiary company of SBricks, it will continue to operate under its original name and the two companies will split their focus into business-to-consumer and business-to-business sectors respectively.

Home design startup Livspace raises $15 Million from Bessemer, others

Design and furniture start-up Livspace, owned by Home Interior Designs E-commerce Pvt Ltd, has raised INR 100 crore from existing investors Bessemer Venture Partners, Hellion Venture partners and Jungle Ventures. The funding will be utilized to expand operational footprint, set up new Livspace design studios, expand the design automation platform […]

Blume, Nexus lead $7 Million funding in Runnr after TinyOwl acquisition

Food delivery platform Runnr has raised $7 million (Rs 47 crore) from existing investors Blume Ventures and Nexus Venture Partners. Runnr was formed after on-demand logistics startup Roadrunnr acquired troubled food ordering startup TinyOwl in June.