Archive News

23/12/2016

Process management startup AsoCon raises funding from Early-stage fund Quarizon

Process management startup AsoCon Outsourcing India Pvt Ltd has raised an undisclosed amount of seed investment from early stage investment firm Quarizon. AsoCon Outsourcing India provides services such as web development, social media operations, and provides feet on street for field work.
23/12/2016

Salon chain operator Bodycraft raises first external funding

Bengaluru-based salon chain Bodycraft has raised its first external round of funding from from Mumbai based M J Shah Ventures, the private investment arm floated by M J Shah Group of Companies. The funding will be utilized to expand beyond Bengaluru and foray into other south Indian markets. A part […]
23/12/2016

DaaS startup Innoplexus raises funding from German VC fund HCS

Innoplexus, Germany- and India-based consulting-led technology and product development firm focused on big data and analytics, has raised an undisclosed amount in pre-Series A funding from HCS, a Germany-based venture capital fund. The funding will be utilized to file more patent applications, develop their trademark platform, iPlexus, and invest in […]
22/12/2016

Test prep app OnlineTyari acquires photo and video sharing platform Plix

Gurugram-based test preparation app OnlineTyari (OT) has acquired Plix, a photo and video sharing platform. OnlineTyari will use Plix’s skill in the field of machine learning and pattern recognition to augment adaptive learning and in creating a more personalized experience on its platform.
22/12/2016

Career counsellor Mindler raises INR 2.2 crore funding

Online platform for career counselling Mindler has raised funding from two of its existing investors. The Delhi-based company uses a platform based on artificial intelligence and machine learning to provide assessment programmes that can help school students decide their career path.
22/12/2016

Ready-to-eat popcorn startup Timla Foods raises funding from Kae Capital

Hyderabad-based Timla Foods, makers of ready-to-eat popcorn sold under the brand “PopiCorn,” has raised undisclosed amount of seed fund from Mumbai-based early-stage investment fund Kae Capital. The funding will be utilized to enhance production capacity and expand to other cities.
22/12/2016

Personal care startup MCaffeine raises $300K angel funding

MCaffeine, a personal care brand, has secured $300k in angel funding from a group of angel investors. The funding will be utilized to expand the product portfolio and supply chain.
22/12/2016

Agri-business startup E-Vegetailing raises funding from Chennai Angels

Chennai-based E-Vegetailing Pvt Ltd, which sells fresh vegetables procured directly from farmers, has raised $162,000 from The Chennai Angels. The funding will be utilized to scale up business and simultaneously enhance seamless farm-to-door solution.
22/12/2016

Deals app The BlueBook raises funding from IAN, LetsVenture, others

Bengaluru-based online-to-offline (O2O) marketing platform The BlueBook has raised a $500,000 in a seed round of funding led by Indian Angel Network (IAN). The funding will be utilized to consolidate the merchant and user base in Hyderabad, Bengaluru and Gurgaon, apart from investing on the product and technology to offer […]
22/12/2016

Groceries startup Supr Daily raises funding from Venture Catalysts

Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain. The funding will be utilized to scale up pan-Mumbai operations in the next six months.
21/12/2016
Hyderabad-based Vave Infosolutions India Pvt. Ltd, which runs motorcycle-sharing startup Getbike, has raised $100,000 (around Rs 68 lakh) in angel funding from a group of investors
20/12/2016

Heathtech firm Tiyo raises second round of seed funding

Healthtech startup, Tiyo, run by Labsense Technology Services, has raised an undisclosed amount in its second round of seed funding led by existing investor Ajith Nair, CEO of I-Adepto Global. The funding will be utilised for strengthening development team, developing patient care technology and consolidating sales effort.
20/12/2016

Jewellery e-tailer VivoCarat raises seed funding

Online jewellery marketplace VivoCarat has raised $50,000 in seed funding from a group of individual investors. The funding will be utilised for product development, team building, and marketing.
20/12/2016

Events marketplace Events High raises funding from Axilor Ventures

Bengaluru-based Nuta Technologies Pvt Ltd, which runs events marketplace Events High, has raised an undisclosed amount of funding from Axilor Ventures. The funding will be utilised to expand organiser base and enhance user experience on the platform.
19/12/2016

Swedish firm Starbreeze acquires Dhruva Interactive for $8.5 Million

Starbreeze AB, a Swedish game developer, has agreed to acquire stake in Indian art production company Dhruva Interactive.  It will pay $7 million in cash while $1.5 million will be paid through the issue of Starbreeze B-shares. Dhruva will continue to operate under its brand name.
19/12/2016

NoBroker raises INR 50 Crore from South Korean investment firm

In an extension of its series-B round, online real estate rental and resale platform NoBroker has raised INR 50 crore from South Korean investment firm KTB Ventures. The consumer-to-consumer platform provides a select number of owner contact details based on the user’s specifications. 
19/12/2016

Media startup ScoopWhoop acquires Touchfone Technologies

Media startup ScoopWhoop has acquired Touchfone Technologies for an undisclosed amount in a cash-and-stock deal. As part of the deal, Touchfone Technologies cofounders Mahesh Subramanian and Brahmayya Akella will be appointed as ScoopWhoop’s chief technology officer and chief integration officer respectively. 
16/12/2016

Emerald Media leads $35 Million funding in geo targeted advertisement startup Amagi Media Labs

Private equity firm KKR-backed investment platform, Emerald Media, has led $35 million in Series D round of funding in cloud-based geo-targetted ad firm, Amagi Media Labs. Premji Invest, the investment handle of existing investor, Azim Premji also participated in the round. The funding will be utilized to enhance R&D efforts […]
16/12/2016

TripShelf raises INR 1.6 Crore in Pre-Series A funding from GEMS Advisory And Quarizon

Online travel marketplace for holiday bookings Tripshelf has raised Pre-Series A funding in a round led by GEMS Advisory and early stage VC fund Quarizon. The platform allows customers to compare data from independent travel operators listed on the online marketplace under a single web screen and further, once selected, […]
16/12/2016

Healthcare services platform Practo acquires healthcare analytics firm Enlightiks

Healthcare services platform Practo Technologies Pvt Ltd has acquired Enlightiks Business Solutions Pvt Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computational platform called Querent and uses big […]
16/12/2016

E-commerce enabler Shopmatic acquires 5X Ruby

Singapore headquartered Shopmatic which helps small businesses sell online using the do-it-yourself platform has acquired 51% in 5X Ruby at an undisclosed valuation in a mixed cash and equity deal.  
16/12/2016

Epsilon Venture leads $23 Million round in Pi Datacenters

Pi Datacenters Pvt Ltd, which provides data centre and cloud services, has raised INR 154 crore ($23 million) from Epsilon Venture Partners and an Australian private equity group in a Series A round of funding. The funding will be utilized to roll out its first few data centres across India.
15/12/2016

Mobile analytics platform MoEngage raises funding from Facebook exec Anand Chandrasekaran

User analytics and engagement platform MoEngage, run by MoEngage India Pvt Ltd, has raised an undisclosed investment from Facebook executive Anand Chandrasekaran. The MoEngage platform helps internet companies deliver personalised interactions via push notifications, in-app recommendations, email, web-push and other communication channels, driving engagement.
15/12/2016

Discount broking startup TradingBells raises INR 2 Crore Seed Funding

Indore-based discount broking company TradingBells has raised INR 2 Crore in a Seed Funding round led by Mumbai-based stock broker Swastika Investmart Ltd. The funding will be utilized for hiring talent, expanding office infrastructure, technology up gradation, and customer acquisition.
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