10/05/2017

Community building platform Fourth Ambit raises $600k from 1Crowd

Bangalore-based community building platform Fourth Ambit has secured $600,000 in funding from 1Crowd. Ambit is a specialist online platform for colleges that helps them to build and nurture vibrant student/ alumni communities.
10/05/2017

Indian unicorn ShopClues raises $7.7 Million in venture debt from InnoVen Capital

Online marketplace ShopClues has raised INR 50 crore in venture debt from InnoVen Capital. ShopClues said it raised debt primarily for day-to-day business activities.
10/05/2017

IFC to invest $10 Million in tech-focused VC Stellaris’ maiden $100 Million fund

International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners. The fund is focused on Series A and pre-Series A investments in technology and technology-enabled companies.
10/05/2017

Karnataka Government grants INR 10.70 crore to 26 startups in BioTech sector

The Karnataka Government today said it has granted funding to 26 startups in the BioTech sector to bolster innovation. The Department of IT and BT will support these startups to develop ideas, technologies and products which can have significant impact on the lives of people.
10/05/2017

Micro-lending platform Aye Finance receives debt funding from SBI

Gurugram-based micro-lending platform Aye Finance, that delivers business funding to Indian micro and small enterprises, has raised Rs 20 crore in debt funding from the State Bank of India. Spread across 33 branches in the country as a non-banking financial company, Aye Finance provides mortgage, hypothecation and term-loan services accessible […]
10/05/2017

SoftBank said near closing technology fund with $95 billion

SoftBank Group Corp is close to announcing commitments of as much as $95 billion for its technology fund. The Japanese company announced plans for the Vision Fund last year, aiming to create a vehicle that would become one of the biggest technology investors over the next decade.
10/05/2017

VR ad-tech firm Chymera VR raises angel funding

Chymera VR, a monetisation and advertising platform for virtual reality, has secured undisclosed funding from a clutch of angels, including People Group CEO Anupam Mittal, former head of operations at Airbnb Varsha Rao, former Google executive Surojit Chatterjee and chairman of HHC Holdings Nirav Choksi. The funding will be utlized […]
10/05/2017

SAIF plans $400 Million India fund

SAIF Partners, an early investor in mobile payments and digital wallet player Paytm, has begun raising its third India-dedicated fund of about $350-400 million. The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners all of […]
10/05/2017

Blockchain incubator Satoshi Studios invests in Curie Labs

Southeast Asia-based blockchain incubator Satoshi Studios has made its first investment in Delhi-based energy analytics startup Curie Labs. Satoshi Studios, which was launched in December 2016, provides startups $50,000 in funding for an 8-15% equity stake as part of its incubation programme.
10/05/2017

Former Snapdeal exec Anand Chandrasekaran backs Uncanny Vision

Former Snapdeal chief product officer Anand Chandrasekaran has invested an undisclosed amount in Uncanny Vision. Uncanny Vision Solutions Pvt. Ltd is a business-to-business (B2B) startup that offers computer vision solutions for robotics, android applications, video surveillance and advanced driver assistance systems.
10/05/2017

Video analytics firm Vidooly raises fresh funding

Video analytics startup Vidooly Media Tech Pvt Ltd has raised a round of fresh funding from Gujarat Venture Finance Ltd, an Ahmedabad-based venture capital firm, and existing investor Times Internet to fund its expansion into Southeast Asian markets and hire more people. The Noida-based firm, which tracks user engagement of […]
10/05/2017

Cybersecurity startup Lucideus gets funding from Google’s Anandan, others

Delhi-based Lucideus Tech Pvt Ltd, an IT risk assessment and cybersecurity platform, has raised angel investment from a clutch of investors. Founded in 2012 the company builds and delivers information security platforms and services, both generic and customised, to proactively secure, continuously monitor and reactively respond to cyber threats to […]
09/05/2017

CureFit launches operations, bags $3 Million from Ratan Tata’s UC-RNT Fund

Bangalore-based CureFit Healthcare Pvt Ltd, which operates health and fitness platform CureFit, has secured $3 Million in a fresh round of funding from UC-RNT Fund. Other investors who participated in the round include Gokul Rajaram, product engineering lead at US-based mobile point of sale provider Square; Aditya Agarwal and Ruchi […]
09/05/2017

IAN, others back room booking app NightStay

Delhi-based NightStay, a mobile-based marketplace for last-minute hotel bookings, has raised an undisclosed amount in a pre-Series A round led by IAN and others. In August 2015, NightStay had raised $500,000 in a seed round from Vivek Bihani of Bedrock Venture Management Pvt. Ltd, Rajesh Sawhney, founder of GSF, and […]
09/05/2017

GVFL, Unicorn India Ventures invest in cybersecurity startup Sequretek

Venture capital firm GVFL and Unicorn India Ventures have invested an undisclosed amount in cybersecurity startup Sequretek, which works with large banks and financial services clients. This is the first funding announcement by Gujarat-based GVFL through its GVFL Startup Fund, the firm’s eighth fund with a target corpus of INR […]
09/05/2017

SaaS startup Anchanto raises money from Luxasia, TCI Funds

Pune-based ecommerce logistics and selling platform Anchanto has raised an undisclosed amount from Singapore-headquartered omnichannel retailer Luxasia Group and its existing investor, Transcosmos Japan (TCI). Anchanto, which provides enterprise SaaS products that empowers ecommerce logistics and online selling, will use the funds to reinforce its operation in India, Malaysia, Thailand, […]
08/05/2017

Ecommerce consultancy Ace Turtle receives Series-A funding

The venture capital arms of Singapore’s sovereign fund Temasek and Southeast Asia’s largest real estate developer CapitaLand have teamed up to invest more than $5 million in Bengaluru-based ecommerce consultancy Ace Turtle. Temasek’s Vertex Venture led the Series-A funding and CapitaLand’s C31Ventures is the co-investor in Ace Turtle, an omni-channel […]
08/05/2017

MyGreens raises INR 3-5 Crore in angel funding

Delhi-based cold pressed juice maker MyGreens has raised INR 3-5 crore in an angel round. MyGreens will use the capital raised to launch a new range of beverages in keeping with its vision to be a ‘clean label’ fast-moving consumer goods brand by early 2018.
08/05/2017

Tech-focused VC firm Iron Pillar makes first close of its maiden fund with INR 129 crore

Tech-focused venture capital firm, Iron Pillar, has made the first close of its maiden India fund at INR 129 crore, bringing on board two major anchor investors, Small Industries Development Bank of India (SIDBI) and diversified financial services player IIFL.
08/05/2017

Ratan Tata-backed NestAway buys home rental firm Zenify

Home rental startup NestAway has acquired rental management company Zenify in an all stock deal. The acquisition will help NestAway expand its services for families.
08/05/2017

Yepme raises $700K in bridge round, eyes $1.5 Million more

Fashion e-commerce firm Yepme, operated by VAS Data Services Pvt Ltd, has raised around $700,000 in bridge funding. The company raised the capital by issuing optionally convertible debentures to Kolkata-based Rainbow Digital Services Pvt. Ltd and Noida-based ILearnFinance Academy Pvt. Ltd.
05/05/2017

Fintech startup Balance raises INR 1.5 crore from Zerodha’s rainmatter fund

Fintech startup Balance has raised funding from discount broking firm Zerodha, which has invested through its Rainmatter fund. Balance is set to launch an app designed to help individuals make smart savings and invest in low-risk mutual funds.
05/05/2017

DriveU acquires driver services provider DriversKart

DriveU, an on-demand driver aggregator, has acquired Chennai-based DriversKart for an undisclosed amount. With this acquisition, DriveU continues to consolidate its position as India’s premier driver aggregator for both consumers and businesses.
05/05/2017

IndoStar’s CEO infuses INR 100 cr for 5% stake

R Sridhar, who recently joined Everstone-backed IndoStar Capital Finance, has infused around INR 100 crore into the company. The financial-services veteran has joined IndoStar as executive vice-chairman and chief executive officer, taking over from Vimal Bhandari, who had led the firm since 2011.
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