Archive News

18/07/2016

Dailyhunt picks up stake in OneIndia

News and ebooks mobile application Dailyhunt has picked up a minority stake for Rs 15 crore in OneIndia, the local news language portal owned by Rajesh Jain and BG Mahesh. The deal will help Dailyhunt, which focuses on local language users, generate multimedia content, especially short format video and audio, […]
18/07/2016

Infosys to invest in up to 10 startups a year

India’s second-largest software services exporter Infosys will do 8-10 deals every year from its $500 million corpus earmarked for venture capital investments in startups across the globe. The focus will be on IT startups mainly and also startups in cyber security, digital technology and data space.
18/07/2016

CommonFloor CEO, Jabong CTO back e-commerce aggregator Baggout

New Delhi-based product aggregation website Baggout has raised funding from multiple angel investors.  This is Baggout’s second round of funding, after it raised a small amount from two investors in March.
15/07/2016

Incubator TurningIdeas partners with Chandigarh Angels Network

Incubator TurningIdeas Venture Partners (TVP) has tied up with Chandigarh Angels Network (CAN) to act as an ecosystem facilitator for startup leads, investor access and mentor engagement.  Both partners will also jointly organize startup conferences, demo days, investor meetups and hackathons.
15/07/2016

Enterprise workflow collaboration firm WorkApps raising $ 1 Million seed funding

Pune-based enterprise workflow collaboration (EWC) firm WorkApps has raised $1 million from seed stage investment firm SRI Capital. The WorkApps product will be rolled out in the US, Europe and Asia-Pacific later this year.
15/07/2016

Satvacart to raise another $2 mn in current round

e-Grocery retailer Satvacart today said it is keen to raise another $2 million in current round of funding, in which a clutch of individuals, including Abhijit Avasthi, Karan Chellani and SP Vijay have already invested an undisclosed amount.
15/07/2016

Transport app Ridlr raises $6 Million in Series B funding

Mumbai-based public transport app Ridlr, developed by Birds Eye Systems, has raised $6 million in a Series B round from Times Internet and existing investors Matrix Partners and Qualcomm Ventures. The funding will be utilized for product development and team expansion.
15/07/2016

FreeCharge partners with Shuttl on digital payments for bus rides

Digital payments platform Freecharge has partnered with bus aggregator Shuttl to help over 15,000 commuters in Delhi-NCR to go cashless for their daily commute. Consumers can pay for their ride on Shuttl app using the FreeCharge wallet.
15/07/2016

OYO Rooms, Travelport ink new hotel content deal

Online hotels aggregator OYO Rooms has signed an agreement with UK headquartered travel commerce platform Travelport whereby 6,000 hotel properties offered by it will also be available to the latter’s connected travel agencies.
15/07/2016

ShopClues acquires Bengaluru-based startup Momoe in a bid to build payments business

Online marketplace ShopClues has acquired Bengaluru-based startup Momoe as it looks to build a payments business. The deal will also help ShopClues establish an office in the startup capital and all five Momoe founders are expected to join its senior management team across functions like design, corporate development and technology. […]
14/07/2016

Mahindra’s Bristlecone looks for startup buys

Supply chain firm Bristlecone, owned by the Mahindra Group, is scouting for Indian startups for acquisition as part of its growth strategy. The company is looking to acquire companies in areas such as analytics and the internet-of-things to drive its business.
14/07/2016

PayPal backer, Steelhead Ventures invest in retail-tech startup ShoppinPal

Retail-tech startup ShoppinPal has raised around Rs 7 crore ($1.07 million) in its Series A round of funding. The funding will be utilized to get more retailers on board and develop products. A part of the money will go toward marketing and brand building.
14/07/2016

Online tutorials startup Transweb raises Series A funding from 500 Startups

Delhi-based educational-technology firm Transweb Educational Services Pvt. Ltd has raised its Series A round of funding from 500 Startups, a Silicon Valley-based startup accelerator and early-stage VC fund house. Transweb, which provides online tutorial services, has raised over Rs 80 lakh ($120,000) from the US-based firm on a fully diluted […]
14/07/2016

Deal origination platform for financial institutions BankerBay raises $2 Million

Bangalore- and Singapore-based BankerBay Technologies Pte Ltd, which helps private equity and venture capital firms, hedge funds, banks and investment banks locate deal flow and capital, has raised $2 million in funding from a group of unnamed investors. The funding will be utilized for global expansion and building sales, marketing […]
14/07/2016

Online travel marketplace TripShelf raises $250K funding

Online travel marketplace TripShelf has raised pre-Series A round of funding worth $250,000 from Delhi-based GEMS Group, an early-stage sector agnostic fund. The funding will be utilized to establish traction with the customer and travel operator community.
14/07/2016

Furniture rental startup CityFurnish raises seed funding

Gurgaon-based furniture rental startup, CityFurnish has raised an undisclosed amount of seed funding from Brand Capital, the investment arm of conglomerate, Bennett Coleman and Co. Ltd. (Times Group). Existing investor Manoj Gupta, Director, Credit Suisse also participated in this round. The startup currently operates in Gurgaon, Delhi and Bangalore, and […]
14/07/2016

Auto-rickshaw aggregator Jugnoo ties up with Trainman

Auto-rickshaw aggregator Jugnoo has partnered with Trainman, an online platform assisting Indian Railway travellers, to enable passengers to book three-wheelers to and from their respective railway stations.The service will be available to users of Trainman mobile app in 35 cities where Jugnoo is currently operational.
14/07/2016

Home appliances and furniture rental marketplace RentoMojo raises $5 Million funding

Bangalore-based Edunetwork Pvt Ltd, which operates home appliances and furniture rental marketplace RentoMojo, has raised about Rs 33.5 crore ($5 million) from existing investors including Accel Partners and IDG Ventures India. The startup claims to have about 4,500 subscribers on its platform and is targeting 1-1.5 lakh subscribers in the […]
13/07/2016

e-tailoring service provider Urban Tailor raises funding from Unitus Seed Fund

Early-stage investor Unitus Seed Fund has invested an undisclosed amount in Bangalore based e-tailoring service provider Urban Tailor. B.S. Nagesh, former MD of Shoppers Stop, also participated in the round. The platform plans to expand to three more cities by the end of this year.
13/07/2016

Food-ordering startup Twigly raises funding

Gurgaon based Food-ordering startup Twigly has raised $600K from Bengaluru-based Tracxn Labs, Hyderabad Angels, Freecharge founder Kunal Shah and Flipkart vice-president (engineering) Gaurav Bhalotia, among others. The funding will be utilized to expand into new cities and build a food brand that will be made available in supermarkets and online […]
13/07/2016

Language content app ShareChat raises funding from SAIF Partners and India Quotient

Bengaluru-based Mohalla Tech Pvt. Ltd, which operates the vernacular language content app ShareChat, has raised $1.35 million in a seed round of funding from SAIF Partners and existing investor India Quotient. The funding will be utilized to ramp up tech and reach out to more people across India with a […]
13/07/2016

Sports-focused healthcare startup HEAL Institute raises funding

A group of high profile investors including former Standard Chartered ace banker Jaspal Bindra and Parth Jindal, son of JSW Group chairman Sajjan Jindal, have invested in HEAL Institute, a sports-focused healthcare startup. The funding will be utilized for expansion across major metros.
13/07/2016

Hotel booking platform Find My Stay raises funding from IAN

New Delhi-based Find My Stay Pvt Ltd, which runs hotel booking platform Findmystay.com, has raised an undisclosed amount in pre-Series A funding led by Rishi Parti and Yogesh Bansal on behalf of the Indian Angel Network (IAN). The funding will be utilized for product development, brand building and enhancing technology.
12/07/2016

Career Point secures loan from National Skill Development Corporation

Tutoring services firm Career Point Ltd has received Rs 4.2 crore ($625,000) from National Skill Development Corporation (NSDC) to provide skill training to youth in diverse trades. The money will be utilized to train 4.5 lakh youth in 36 diverse trades in multiple sectors over a 10-year period.
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