Archive News


CareerNet, Ideation Initiative invest $670K in test-prep startup TopRankers

Bangalore-based online test preparation startup TopRankers has raised $670,000in angel funding from CareerNet Consulting Pvt Ltd and Ideation Initiative Pvt Ltd. The funds will be utilized to expand technology and marketing verticals and 15% would be spent on research and development.

Women’s apparel e-tailer eShakti raises fresh funding

Chennai-based eShakti Pvt Ltd, operator of an online women’s apparel retailer, has raised INR  9 crore through a preferential allotment of shares, from two investors. eShakti, which targets the US and Canda and operates an Indian e-commerce unit under Zapelle.

Social gifting platform CheersOye! raises angel funding

iPanache Pvt Ltd, which runs social gifting platform CheersOye!, has raised angel funding  of little less than $500,000 from a group of affluent individuals. The funding will be utilized to introduce other entertainment categories, hire staff and expand to other cities.

Ed-tech startup Prozo gets funding from London VC firm

Prozo, an online marketplace for buying and selling study material, has raised its Pre-Series A round of funding from a London-based venture capital firm and two affluent individuals. Prozo claims to be a search engine where students can buy books, e-learning content, coaching material and personal notes.  As per its […]

InnoVen extends $6 Million venture debt to Indian startups Capillary Technologies, Simplilearn

Venture debt firm InnoVen Capital India has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt  Ltd and education technology start-up Simplilearn Solutions Pvt Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt. Ltd, InnoVen Capital extends growth capital in the form of […]

Rainmaker Ventures-backed YAAP Digital acquires Brand Planet Consultants for $3 Million

Content marketing start-up YAAP Digital Pvt Ltd has acquired branding and design company Brand Planet Consultants India Pvt Ltd in an all-cash deal of $3 million, to expand its marketing technology tools into branding practices such as product packaging and logo designing.

PremjiInvest invests about INR 200 crore in eyewear portal Lenskart

Early stage investor IDG Ventures India will earn handsome returns as it sells a portion of its holding in eyewear portal Lenskart to Wipro chairman Azim Premji’s family office — PremjiInvest — which has invested about INR 200 crore in the Delhi-based company. PremjiInvest, through its entity PI Opportunities Fund-II, […]

Online fashion marketplace Zilingo raises $8Million in Series A funding from Venturra Capital, Sequoia India , others

Bangkok-based Indian e-commerce company, Zilingo, has raised $8 million from Venturra Capital, Sequoia India and Susquehanna International Group. The funding will be utilized  to capture new markets such as Indonesia and increase presence in Singapore and Thailand by on boarding more sellers.

Social Quotient raises undisclosed funding from Anita And Yash Dongre

Designer Anita Dongre and son Yash have partnered with Milind Sarwate, former CFO of Marico and founder of Increate Value Advisors, to invest an undisclosed amount in a startup with a social cause -Social Quotient.Social Quotient is a group of social enterprises in the domain of water, digitisation, social cause […]

Software development company Zybo Tracking Solutions raises funding from Netherlands-based Grasshoppers

Zybo Tracking Solutions, a start-up incubated in KSIDC’s business incubation centre, has raised foreign equity investment from the Netherlands-based Grasshoppers.The funding will be utilized to develop and market the application – Trackbizz — a cost-effective field force automation system, enabling managers to track their field force and manage their field […]

Online real estate advisor PropTiger acquires PropRates

Online real estate advisor PropTiger has acqui-hired Mumbai-based start-up PropRates, which is a pioneer in data collation tools and first in the industry who gathers actual real estate transaction data. With this acquisition, PropTiger aims to provide consumers real-time access to actionable price related information on the property market.

Nova Gaming Ventures in talks to raise $5 Million

Gurgaon-based gaming platform startup Nova Gaming Ventures is in talks with multiple investors to raise $5 million to fund its expansion plans. The company, which had launched its gaming platform NovaPlay in April this year, is now looking to expand into mobile gaming space.

Arvind Retail acquires Freecultr to boost its omnichannel portal Nnnow

Arvind Internet, the online arm of the textile manufacturer and flagship company Arvind Ltd has acquired private label ecommerce company Freecultr. The core team and founding members were expected to join Arvind as the part of the deal.

Sequoia-backed Voonik acquires styling app Dekkoh

Voonik Technologies Pvt Ltd, which operates the fashion app Voonik has acquired styling and personalization app Dekkoh for an undisclosed amount. Dekkoh connects over 200 stylists to consumers seeking fashion advice. It was designed as a fashion discovery platform that allows users to chat with a stylist and buy clothing […]

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.