Archive News

15/09/2016

Edu-tech start-up ConceptOwl seeks to raise INR100 crore

Kerala-based ConceptOwl, an education technology (ed-tech) start-up founded is looking to raise up to INR100 crore from private equity investors to set up coaching centres across the country. ConceptOwl is a technology-driven IIT-JEE coaching platform. The start-up’s mobile and web app deliver personalized coaching and data-driven analytics.
15/09/2016

Nexus Venture backs on-demand logistics service provider GoPigeon

Bangalore-based on-demand logistics service provider GoPigeon has raised million around INR 10 crore in a pre-Series A funding round from venture capital investor Nexus Venture Partners. The funding will be utilized to strengthen the team and enhance technology.
15/09/2016

Pre-launch startup Dealberg acqui-hired a year-old company worth $2 Million

A B2B marketplace for SMEs, DealBerg (which went live on September 12, 2016) has acqui-hired year-old WeAreGadgets in the first week of this month. The amount of the acquisition, which was in both cash and shares, has been kept confidential.
15/09/2016

Skills Validation Platform FloCareer Secures $150K From Angel Investors

Bengaluru-based talent acquisition startup FloCareer which aims to create a skills validation platform, has raised $150K Seed funding from senior officials in the technology segment from US and India. The funding will be utilizedto build and strengthen offerings. The startup aims to become the largest aggregator of crowd mentoring, self-learning […]
15/09/2016

Online Eye Wear Portal LensPick Raises Funding From US Based Scadea Solutions

Ecommerce platform for eye wear, LensPick has raised a second round of funding from US-based Scadea Solutions Inc.With this round of funding, Scadea Solutions will acquire a 10% stake in LensPick at a valuation of $5 Mn (INR 33 Crore). The funding will be utilized for inventory enhancement and technology […]
15/09/2016

Ahmedabad-based startup Food Memories to raise Series A funding

Ahmedabad-based startup Food Memories will be going for a Series A funding soon of around INR 2 crore. The funding will be utilized for expansion of its geographically unique Indian food vendor network. An online marketplace for authentic geographically unique Indian foods with shelf life of five days and higher, […]
15/09/2016

Lightbox commits fresh money in Furlenco as part of larger Series B round

Online furniture rental startup Furlenco is raising a new round of investment from existing investor Lightbox Ventures and others.  Lightbox, which closed its new fund in May this year, has put in $5 million in this round.
15/09/2016

Happily Unmarried plans to raise between $4.4 Million to $7.4 Million

Happily Unmarried Marketing Pvt Ltd, which runs HappilyUnmarried is planning to raise INR 30-50 crore for Ustraa, its online male grooming products brand. The company is now looking at raising more funds and also getting strategic investors on board as they look at general trade expansion.
15/09/2016

PayU to buy rival Citrus Pay for $130 Million

Digital payments provider PayU, which is owned by South Africa’s Naspers Group  will buy rival Citrus Pay for $130 million. After the acquisition, PayU India will have more than 30 million customers. The company forecast that it will process an estimated 150 million transactions worth $4.2 billion in 2016.
14/09/2016

Seven oil PSUs plan to set up INR 100 crore start-up fund

Seven public sector oil companies—Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp Ltd—are coming together to launch a INR 100 crore start-up fund shortly. All the seven companies will be pitching […]
14/09/2016

After $900 Million exit, Directi to Put $110 Million in newer ventures

Diversified technology company Directi plans to spend $110 million in four newer ventures and is looking to buy a 1 lakh square feet building in central Bengaluru to accommodate its expansion. The company plans to invest $110 million in Flock, Zeta, Radix and Ringo in the current year and the […]
14/09/2016

Classifieds portal Quikr India acquires on-demand beauty service StayGlad

Online classifieds portal Quikr India Pvt Ltd has acquired on-demand home beauty service provider StayGlad (Glow Prime Technologies Pvt Ltd) for an undisclosed amount, after StayGlad failed to attract new investors, consequently running out of cash. The deal with Quikr, mostly in stock, has valued the company at less than […]
14/09/2016

Calcutta Angels buys 10% stake in Zeroinfy

Calcutta Angels Network (CAN) has picked up a 10% stake in a Kolkata-based online study platform Zeroinfy for an undisclosed amount. The funding will be utilized expand team as well as further enhance technology. Part of the money will be used to acquire customer and faculty.
14/09/2016

Naspers-owned PayU snaps up Citrus Pay for $130 million in one of the largest fintech deals in India

Naspers-owned online payments service provider PayU has agreed to buy smaller Mumbai based rival Citrus Pay for $130 million (Rs 865 crore). The agreement enables PayU to quickly bring additional innovative financial services to market for its business and consumer customers
14/09/2016

BlackSoil Capital offers $2.2 Million in venture debt to deals site Nearbuy

Gurgaon-based deals and discounts site Nearbuy has raised venture debt of Rs 15 crore from non-banking financial company BlackSoil Capital Pvt Ltd. The funding will be utilized for customer and merchant technology.
13/09/2016

IDEACHAKKI

Food tech startup IdeaChakki raises funding from Ratan Tata Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata. The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered […]
13/09/2016

KarmaCircles raises seeding funding at $3 Million valuation

Peer-to-peer social learning platform, KarmaCircles has received seed funding from angel investors including Harinder Takhar, Zain Raj, Dr Prasad Kaipa, Abaran Deep, Aseem Sood and Mustafa Patni. While the amount raised was not disclosed, the funding was done at a valuation of $3 million. The funding will be utilized to […]
13/09/2016

Health-tech startup Cureinstant raises $150K

Social health networking website  Cureinstant has raised $150,000 (Rs 1 crore) as seed funding from angel investor Rameshwar Kumar. The Delhi-based startup, which was founded in 2015, allows patients, doctors, medical stores, pathology labs, fitness centres and other health professionals to come together on their platform. The funding will be […]
13/09/2016

Food-tech startup IdeaChakki raises funding from Ratan Tata

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in IdeaChakki, a food-tech start-up that provides digital video menu for restaurants and allows customers to gift food and beverage experience anywhere in the world.  The funding will be utilized for expansion plans along with building a […]
13/09/2016

Nykaa raises INR 82 Cr funding from Sunil Munjal, Mariwala family & existing backers

Nykaa, an online luxury beauty retailer founded by investment banker-turned entrepreneur Falguni Nayar, has raised INR 82 crore in a fresh round of fundraising led by Sunil Munjal and the Mariwala family.The transaction, which is expected to be announced this week, will value the firm at about INR 775 crore.
13/09/2016

Budget beauty salons aggregator Glam Studios raises $300k angel funding

Brand of affordable salons Glam Studios today said it has secured Rs 2 crore in angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The funding will be utilized for expansion, operations and technology.
13/09/2016

Fashion discovery app Findow raises seed round

Fashion discovery app Findow has raised an undisclosed amount in seed round from Raj Singh Bhandal, director at Next Media Works. The app launched in July 2016 and connects brands, boutiques and retailers with shoppers on its location-based platform. The platform also has an in-built marketplace for registered brands to […]
13/09/2016

Google’s Rajan Anandan backs ed-tech firm Stoodnt

Stoodnt, an educational-technology firm which facilitates interaction between students and admission counsellors or educational institutions, has raised $300,000 (Rs 2 crore) in seed funding from Google India managing director Rajan Anandan. The funding will be utilized to enhance product capability and user experience and to expand sales and marketing teams.
13/09/2016

IAN invests in B2B marketplace for leather products ShoeKonnect

Agra-based business-to-business (B2B) marketplace for leather products ShoeKonnect has raised an undisclosed amount in an angel round of funding from Indian Angels Network (IAN) .The funding will be utilized for technology enhancement, marketing, brand building and team expansion.
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