Archive News


Freshdesk acquires SaaS company Pipemonk

Freshdesk, a cloud-based customer service software provider, acquired Pipemonk, a data integration platform that works on the software-as-a-service model and allows companies to synchronise and move data among multiple cloud apps quickly and easily. The Pipemonk team will enhance Freshdesk’s capabilities to integrate within Freshdesk products as well as external […]

Medical devices firm Yostra Labs raises funding from Marico foundation, Villgro

Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro. Founded in 2014 the firm manufactures devices to treat diabetes-related complications. Sparsh is used to diagnose diabetic peripheral neuropathy (permanent damage to the nerves in […]

Venture debt firm InnoVen Capital forms syndicate to help fund cash-starved startups

In order to streamline the process of seeking traditional debt, Temasek-backed venture debt firm InnoVen Capital has formed a syndicate of banks and non-banking financial companies (NBFCs) including IndusInd, RBL Bank, Standard Chartered, Tata Capital and SIDBI to extend credit to its clients.

Fashion app Fynd raises funding from Ex-Snapdeal exec Anand Chandrasekaran, others

Mumbai based fashion portal Fynd, run by Shopsense Technologies Pvt Ltd, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran. Rajiv Mehta, chief executive of Arvind SportsLifestyle and Ramakant Sharma, co-founder of Livspace, also participated in the round. Founded in 2013 the startup sources products directly from […]

Angel investors back car services marketplace VOW CarClinic

Gurgaon-based GreyHair Ventures Pvt Ltd, which runs car servicing and repair startup VOW CarClinic, has raised an undisclosed amount of angel funding from Vishal Malik, founder and director of IT services firm Gemini Solutions and a group of Indian Institute of Technology (IIT), Delhi alumni. Founded in early 2016 the […]

IoT and SaaS startup TempoGO raises funding from Hong Kong-based K2 Investments

TempoGO, an IoT and SaaS-based solutions provider for commercial transportation, has raised $825,000 in its seed round led by Hong Kong-based K2 Investments and a few high profile investment bankers. The funding will be utilized for upgradation of technology and hiring more professionals.

Ed tech co Learntron raises early-stage funding from Kae Capital

Learntron, a learning-productivity tech startup, raised an undisclosed amount from Kae Capital, a venture capital firm that focuses on seed-stage investment. The Chennai-based startup’s customers include companies and educational institutions.

Impact investor Aavishkaar to raise $150 Million Africa fund

Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa. AVMS is part of the Intellecap-Aavishkaar group, which includes other entities such as Intellecap, which offers investment banking, consulting and other services for the impact investment space.

Trifecta Capital targets final close of $73.5 Million fund, to invest $11 Million by April

Trifecta Capital Advisors, is gearing up for an active year as it aims to make the final close of its latest fund. The venture debt firm had earlier targeted to close its fund in late 2016 after it announced the first close of its fund in September 2015 at INR […]

TaxSutra raises INR 2.5 Crore funding from Former Infosys CFOs

Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Founded in 2011 TaxSutra runs online subscription-based portals on direct tax, indirect tax, transfer pricing […]

pi Ventures to invest INR 200 crore in AI-focussed startups

pi Ventures has raised money from Bhupen Shah, ex-cofounder of Sling Media and Jungle Ventures; Sanjeev Bhikhchandani. The fund has a target corpus of $30 million (approximately INR 200 crore) and will invest in the early stages of an AI-focussed startups.

instantPay raises funding in Pre-Series A round

Digital payments and financial services company instantPay has raised funding in the range of $3-5 million (INR 20-34 crore) from Singapore-based investors RB Investments and Kaleden Holdings.The funding, which is part of a preseries A round, will be utilized for the development of new products and geographical expansion across the […]

Fintech startup LetsMD raises funding from WaterBridge Ventures

LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures. Calcutta Angels Network (CAN), LetsVentures, Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund were the other investors who had participated in this round last […]

Liquid Hub acquires global data management firm Annik

Liquid Hub, a customer engagement company, has acquired Gurgaon-based global data management and analytics solutions firm Annik Technology Services Pvt Ltd for an undisclosed amount. The transaction will be consummated in two tranches. The acquisition will help Liquid Hub to expand its geographical reach in high-tech markets as Annik has […]

CoCreate Ventures raises INR 15-crore fund to help startups in need

CoCreate Ventures, a new investment firm focused on startups which are struggling, has raised a INR 15-crore fund from high networth individuals. The firm, cofounded by TeliBrahma founder Suresh Narasimha and former partner at Ojas Ventures Pavan Krishnamurthy has made its first investment in library chain JustBooks to help the […]

Fitness app HealthifyMe raises $1 Million from Dubai investor

Fitness app HealthifyMe has raised $1 million from Dubai-based investor Neelesh Bhatnagar. Founded in 2012 HealthifyMe claims to be the first app to introduce calorie tracking of Indian dishes. The company delivers measurable results on eating habits, fitness, and weight.

Ashok Trivedi floats $500 Million corpus – establishes family office for investing in early-stage tech startups

Ashok Trivedi, co-founder of Igate has floated the Trivedi Family Office, which  will have a corpus of over $500 million that will be infused into a diversified portfolio where a large portion of the funds will be used in early-stage tech companies.

Delhi based software company Wixty accquires Brazil based dating app for Christians, Kingr

Delhi based software company Wixty Inc has acquired Kingr, a dating app designed for Brazil based Christians for $150K in an all cash deal. Kingr was launched in December 2015 with an aim to unite the Christians all across Brazil through real time interactions between them through this dating platform.

Infosys co-founder Nandan Nilekani invests more in 10i Commerce Services

E-commerce startup 10i Commerce Services Pvt Ltd has raised $5 million more in investment from Infosys co-founder Nandan Nilekani. Founded in 2014 the company runs an app called ShopX, which helps retailers sell online and build a customer base.

E-waste management firm EcoCentric raises growth capital from HNI’s

EcoCentric Management Pvt Ltd (ECMPL), a Mumbai-based e-waste management firm, has raised its first round of growth capital from a couple of high net worth individuals (HNIs). The funding will be utilized to increase capacity and expand its reach pan-India.

Video streaming firm Dekkho raises $ 1.2 Million funding from seven angels

Video streaming platform Dekkho, run by Baadl Technologies Pvt Ltd, has raised funding from seven angel investors in its seed round of investment. Launched in 2016 Dekkho is a streaming platform that offers curated content sourced from leading content providers from India and abroad.

Ecommerce startup The Postbox raises funding from Chennai Angels, Others

Chennai-based The Postbox has received an undisclosed amount of funding from The Chennai Angels and others. Ritesh Mehta (head policies, Facebook) and Aruna Ganesh Ram (theatre personality from Bengaluru) also participated in the round. Launched in 2014 the Postbox is a collective of niche product design and digital art from […]

Fruits and vegetables etailer Freshboxx acquires last mile logistics startup Urmajesty

Karnataka-based fresh fruits and vegetables etailer Freshboxx has acquired Hubli-based last mile logistics startup, Urmajesty. With this acquisition, the startup aims to multiply its revenue by starting business operations in South Karnataka while launching in new cities of North Karnataka.

Compliance management software startup LexComply raises angel funding

Delhi-based compliance management software startup LexComply has raised INR 50 lakhs from Ajay Relan, co-founder and former managing partner of CX Partners and other unnamed angel investors. The funding will be utilized for enhancing technology and marketing solutions.