Archive News

08/07/2016

FoodTech startup Holachef raises funding

Mumbai-based startup Holachef has raised fresh funding from two of its existing venture capital investors even as food technology as a domain is going through consolidation. The food-tech startup run by Holachef Hospitality Pvt. Ltd that also counts Tata Sons’ chairman emeritus Ratan Tata as an investor, bagged Rs 13 […]
05/07/2016

Health-tech startup SeeDoc raises funding from YourNest, others

Gurgaon based SeeDoc, which offers patients video consultation with doctors, has raised around $1 million (around Rs 6.7 crore) in its pre-Series A round of funding led by early stage venture fund YourNest . The app claims to have more than six lakh users and processes roughly 500 video consultations […]
05/07/2016

Myntra parent Flipkart front-runner to buy Jabong

Flipkart, the parent of lifestyle e-tailer Myntra, is emerging as the front-runner to acquire rival fashion portal Jabong. Jabong currently commands 25% market share in online fashion retailing, while Myntra holds around 35% market share and the parent Flipkart has around 10% share. If Jabong rolls into its fold, Flipkart […]
05/07/2016

1mg Technologies acquires diagnostic labs aggregator Medd

Online healthcare start-up 1mg Technologies Pvt. Ltd has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint. It has also roped in Ankur Gigras, a former marketing head for gastroenterology at healthcare firm Abbott India Ltd, to oversee the diagnostics […]
05/07/2016

Customised furniture platform Stitchwood raises $200K from angel investors

Stitchwood, an online customised furniture store, has raised $200,000 (around Rs 1.3 crore) in its third round of funding from Deepak Gupta, co-founder, Equity Crest and a bunch of unnamed angel investors. The funding will be utilized for operations, marketing initiatives and enhancing customer experience.
05/07/2016

Healthcare startup Curefit raises $15 Million

Healthcare startup Curefit Healthcare Pvt Ltd, the joint venture of former Flipkart executives Ankit Nagori and Mukesh Bansal, has raised $15 million (around Rs 100.8 crore) in a Series A round of funding from Accel Partners, IDG Ventures and Kalaari Capital. The funding will be utilized for product development and […]
05/07/2016

OneAssist Consumer Solutions raises funding from Trifecta Capital

OneAssist Consumer Solutions Pvt. Ltd, which provides protection for credit card, smartphones and payment cards in case of loss or theft, has raised an undisclosed amount from venture-debt provider Trifecta Capital. OneAssist offers several products such as WalletAssist, MobileAssist, EverydayAssist and TripAssist and claims to have partnerships with HDFC Bank, […]
04/07/2016

Aramex invests in Grab.in and Logisure to bridge last-mile delivery

Global logistics service provider Aramex has invested in last mile mobile-based companies Grab.in and Logisure to strengthen its last-mile delivery service in the ecommerce segment in India.
04/07/2016

WeddingWishlist raises funding from Facebook India MD

WeddingWishlist, a portal that allows users to give and receive wedding gifts, has raised Rs 2 crore from investors such as Facebook India Managing Director Kirthiga Reddy, Multiples Equity founder Renuka Ramanath and CherryTin, among others. The company also has plans to raise the next set of funding later this […]
04/07/2016

Fin-tech startup Scripbox raises funding

Fin-tech startup Scripbox.Com India Pvt. Ltd has raised an undisclosed amount in its Series B round of funding led by Omidyar Network. Existing investors, including Accel Partners and some angel investors, also participated in the round.
04/07/2016

Travel Boutique Online acquires strategic equity in Deyor Camps

Tech Travels Pvt. Ltd, which runs business to business travel portal Travel Boutique Online (TBO) has bought a strategic stake in Deyor Adventures Pvt. Ltd, which runs campsite aggregator Deyor Camps. Following the deal, the teams of Deyor Camps and TBO will work closely to cross-sell each other’s products and […]
04/07/2016

Drone technology startup SwarmX raises funding from TV Mohandas Pai

TV Mohandas Pai, chairman of Manipal Global Education and former CFO and HR head of Infosys, has invested an undisclosed amount in Singapore-based drone technology startup SwarmX Pte. Ltd. SwarmX’s offering SwarmX Hive allows users to operate drones with minimal training.
04/07/2016

Partners backs marketplace for crowdsourced work Playment

Playment, a mobile marketplace for crowdsourced work, has raised Rs 4.7 crore ($700,000) from venture capital firm SAIF Partners, joining a handful of startups operating in a nascent segment in attracting investors.
04/07/2016

Wealth management app WealthTrust raises funding

Evolusolve Technologies Pvt Ltd, which operates wealth management app WealthTrust, has raised an undisclosed amount in seed funding from venture capital firm India Quotient. The funds will be utilized to strengthen the team, ramp up technology infrastructure add more features to the app to enable users to make better investment […]
01/07/2016

Venture Catalysts raises $500K from Zaffiro Ventures

Venture Catalysts, a Mumbai-based seed investment platform, has raised $500,000 (around Rs 3.4 crore) from Zaffiro Ventures. The funding will be utilized to expand to five cities in 2016.
01/07/2016

Online payment gateway Razorpay raises funding from MasterCard

Bangalore-based online payment gateway startup Razorpay Software Pvt. Ltd has received an undisclosed investment from American payments and financial services company MasterCard.
01/07/2016

HR SaaS startup Darwinbox raises funding

Human resources software-as-a-service (SaaS) startup Darwinbox has raised an undisclosed amount in its seed funding round from Mohandas Pai’s family fund 3one4 Capital, Tracxn Labs and Endiya Partners.  The funding will be utilized to develop more modules and to expand sales and marketing.
01/07/2016

Instago raises $500,000 from multiple investors

Intra-city travel application Instago that helps users compare prices and book the cheapest mode of transport across different categories including on-demand taxis, autos, public transport and self-drive options has raised $500,000 from multiple investors including angel investor RamitSethi of Strongbox Ventures.
22/06/2016

India Infoline

How investments and funding are drying up in the industry Date of Publication: 21-June-2016 The sector requires filtration at various stages of funding to judge and filter out non-visionary start-up ideas. It is also an opportunity to let Darwin’s old theory of “survival of the fittest” play out. Read More
15/06/2016

Bonhomia

Indulge Beverages Owned Bonhomia Raises $500K in Bridge Round of Funding Delhi based Indulge Beverages, which owns and distributes premium tea and coffee brand Bonhomia, has raised $500,000 (Rs 3.3 crore) in a bridge round of funding. Read More
15/06/2016

TIMES OF INDA

As angels gain wing, so do investing platforms Date of Publication: 14-June-2016 An early-stage startup usually struggles to raise funds. Founders typically have to run after multiple angel investors, spend considerable time and effort explaining the idea, and negotiate with investors on the termsheet, the formal agreement stating the terms […]
11/04/2016

Solving Problems: A Startup’s Ladder to Success

Many startup founders nowadays are looking for ideas to work on, when in fact, they should be looking for problems to solve. From their initial product presentation to their potential investors and clients, these founders spend numerous pages on explaining how awesome their product and technology is, but never on what problems their product or technology can solve.
22/03/2016

Room on Call

Enablers facilitates USD 2 Million funding from CASHurDRIVE for Room on Call Enablers successfully raised USD 2 million for Delhi based budget accommodation aggregator, Room on call from CASHurDRIVE (CUD). Read More
15/03/2016

Business Incubators on Igniting Success for Startups

Many of those who plan to build a startup often find themselves turning to startup incubators for help. These incubators are institutions that assist early stage companies to achieve growth and success. They also serve as a bridge for startups to gain angel investors and other necessary connections that they need to establish themselves in the business.
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