Archive News

21/07/2016

Online marketplace for used books AbeRuk raises angel funding

Bangalore-based Quarto India Internet Pvt. Ltd that operates curated online marketplace for used books AbeRuk has raised an undisclosed amount in angel funding from Hong Kong-based Swastika Company Pvt Ltd. The funding will be utilized for scaling up operations, expanding seller base and augmenting the technology backbone
21/07/2016

Inter-city cab rental platform MyTaxiIndia raises $1 Million from Japanese investor

Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised $1 million (around Rs 6.65 crore) in a bridge round of funding from existing investor Nihon Kotsu Co, a leading taxi rental company in Japan. The funding will be utilized for expanding services to tier 2 and 3 cities along with […]
21/07/2016

Drums Food raises $ 6.6 Million from Verlinvest, DSG Consumer

Verlinvest, the Belgium-based investment holding company created by the founding families of Anheuser-Busch InBev, and DSG Consumer Partners, have led a Rs 44.5 crore round of funding in yogurt and ice cream maker Drums Food International. Mumbai-based Drums Food manufactures the Epigamia brand of Greek yogurt and the Hokey Pokey […]
21/07/2016

Dog food company Dogsee Chew raises INR 2 Crore in an angel funding

Bengaluru-based dog food company ‘Dogsee Chew’ has raised Rs 2 crore in an angel round from Renu Balyan, a Delhi-based angel investor, and Jyotsna Bapat, an Associate Professor at IIIT Bangalore. The funding will be utilized to expand product portfolio and launch human grade dog biscuits. The company also plans […]
21/07/2016

SEAF invests in Synergy Kitchens and Hospitality, completes fund deployment

SEAF invests in Synergy Kitchens and Hospitality, completes fund deployment SEAF India Investment Advisors (SIIA) has invested between $2 million and $5 million in Kolkata-based Synergy Kitchens & Hospitality, which operates food and facility brand Rozzana. Rozzana operates on-site and offsite central kitchens for the healthcare industry, including Narayana Hrudayalaya […]
21/07/2016

Fintech startup iServe raises seed funding

Pune-based iServe Financial Pvt. Ltd, which runs an online and offline customised financial services and solutions business, has raised an undisclosed amount in seed investment from a group of investors, including Nilesh Shah (CEO of Kotak Mutual Fund). The funding will be utilized to improve the online platform’s reach and […]
20/07/2016

Logistics firm Truckola raises INR 4 crore in angel funding via LetsVenture

Logistics startup Truckola has raised Rs 4 crore in an angel funding round, which was led by Abhishek Agarwal of Fortune Interfinance (FIFL), on deal making platform LetsVenture. The funding will be utilized for scaling up technology and strengthening the service delivery capability.
19/07/2016

SaaS-based startup Applop raises funding from existing investor GHV Accelerator

Gurgaon based Applop Mobile Solutions Pvt. Ltd, a software-as-a-service provider that enables users to make their own mobile app, has raised a bridge round of funding from existing investor Green House Ventures Accelerator. The startup has received nearly $250,000 (Rs 1.6 crore) so far and is seeking to close this […]
19/07/2016

LT Foods acquires 817 Elephant basmati rice brand

Public-listed rice exporter and marketer LT Foods Ltd has acquired the 817 Elephant brand of rice from its Amritsar-based parent company Deva Singh Sham Singh (DSSS). The 817 Elephant brand has been supplying rice to the large Indian and Middle Eastern ethic markets in the US, Canada, Australia, Europe and […]
19/07/2016

Fast-food chain Wow! Momo raises funding from Bandhan Bank

Wow! Momo, a Kolkata-headquartered chain of quick service restaurants (QSR has raised Rs 7.9 crore ($1.18 million) in debt from private-sector lender Bandhan Bank. The funds include a cash credit facility of Rs 1 crore and will be used to set up back-end infrastructure in Kolkata and open new stores.
19/07/2016

Used gadgets seller Cashify acqu-hires MobiBing in cash-cum-stock deal

Manak Waste Management Pvt. Ltd, a Gurgaon-based online seller of used electronic goods that operates as Cashify, has acquired Bengaluru-based MobiBing (Innowhiz Online Services Pvt Ltd.) in a cash and stock deal whose value wasn’t specified. Cashify, formerly known as ReGlobe, aims to increase and strengthen its presence in south […]
19/07/2016

Data analytics startup Sagacito raises $10 Million from Star India

Star India Pvt. Ltd, a subsidiary of Rupert Murdoch’s Twenty-First Century Fox Inc., has invested close to $10 million in data science and analytics start-up Sagacito Technologies Pvt. Ltd. Sagacito aims to help businesses maximize market share and margins through predictive data analysis.
19/07/2016

NowFloats acquires chat-based platform LookUp

Bengaluru-based chat-commerce platform LookUp got acquired by NowFloats, which creates websites on the fly for small and medium-sized enterprises (SMEs). LookUp is a chat-based commerce platform, essentially enabling users to discover and reach out to merchants in their vicinity. NowFloats, on the other hand, marries location and mobile to help […]
19/07/2016

Food Company Mast Kalandar in talks to close $10 Million funding

Bengaluru-based food company Mast Kalandar is in advanced talks to close a $10-million funding round. It had earlier raised investments from Footprint Ventures and Helion Venture Partners.  
18/07/2016

Dreamworld Digital in talks with private equity companies to raise upto $5-6 Million

Ecommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo focused on Bollywood fashion and trends, is in talks with three leading private equity players to raise $5-6 million. The funding will be utilized to expand from apparels business to Bollywood locations tourism.
18/07/2016

UnderDOGS Gaming Studio raises funding

underDOGS, a Mumbai-based game development company, has raised an undisclosed amount of funding from digital platform firm, Intelli Reboot Digital Pvt. Ltd. The alliance aims at acquiring a significant stake in underDOGS as well as to utilize its team strength to develop games together.
18/07/2016

SRI Capital invests $1.3 Million in Two SaaS Startups – Yellowdig & Zuppler

Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. The funding will be utilized by the startups to scale up and roll out their products in global markets.
18/07/2016

IFC to back early stage fund of funds Capria

International Finance Corporation (IFC), the private-sector lending arm of World Bank, is investing up to $1 million in global business accelerator Capria Ventures. Capria Accelerator Fund is targeting commitments worth $5 million to invest in early-stage local fund managers in Sub-Saharan Africa, South/South-East Asia and Latin America.
18/07/2016

Jewellery e-tailer BlueStone raises $30 Million from IIFL, Accel, others

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by IIFL and Accel Partners. The funding will be utilized for products and designs in addition to powering up marketing initiatives to strengthen the brand’s presence.
18/07/2016

O2O platform Fashalot is raising $5m in fresh funding

Fashalot, an O2O (online-to-offline) location-based fashion and store discovery mobile platform, is in talks with venture capital firms to raise up to $5 million Series A funding. The funding will be utilized for technology scalability, product advancement, growth in the existing markets, opening new markets and team.
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.
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