26/04/2017

IAN eyes INR 350-crore corpus, raises INR 175 crore in first round

The Indian Angel Network is looking to take its angel investment philosophy to the next level by launching its maiden fund with a corpus of INR 350 crore. The Sebi-registered Category 1 Alternate Investment Fund has a green shoe option of an additional INR 100 crore and has marked the […]
26/04/2017

Customer data analytics startup Flytxt raises $11 Million in Series A

Customer data analytics startup Flytxt has secured $11 million ( INR 70 crore) in a Series A funding round led by German investment firm DAH Beteiliguns. The funding will be utilized for research and development, to grow beyond the telecom sector and enter segments like BFSI and retail.
26/04/2017

Medicine delivery firm Myra raises funds from Times Internet, others

Myra, a medicine delivery firm, has raised an undisclosed Series A funding co-led by Matrix Partners and Times Internet, with participation from a few angels. The funding will be utilized to expand operations to newer markets and to deepen technology and analytics expertise.
26/04/2017

Coworking platform The Office Pass raises seed funding

Gurgaon-based Top Technologies Pvt Ltd, which runs coworking platform The Office Pass, has raised $245,000 in seed investment from a group of individual investors led by Arun Tadanki, former managing director of Yahoo Southeast Asia and India. The funding will be utilized to enhance its platform and hire technology and […]
26/04/2017

PharmEasy tops up Series B round with another $2 Million

Mumbai-based 91 Streets Media Pvt Ltd, which operates online drug delivery platform PharmEasy, has topped up its Series B round with another $2 million taking the total funding raised in the round to $18 million. Essentially an e-pharmacy that connects patients with pharmacy stores, PharmEasy uses a tech-enabled lead-generation platform […]
25/04/2017

Indian online fashion brand StalkBuyLove raises $1 Million from Trifecta Capital

Online fashion brand StalkBuyLove has raised $1 million in venture debt from Trifecta Capital to strengthen its supply chain technology and expand its team. Founded in 2012, StalkBuyLove sells fashion apparel and accessories for women online, through its website and mobile application.
25/04/2017

Ronnie Screwvala to set up $15 Million fund for online scholarships

Media and entertainment industry veteran Ronnie Screwvala, who runs online education start-up Upgrad, is planning to set up a INR 100 crore fund which will provide scholarships for professionals seeking to enhance their skills through online courses. Scholarships ranging from 25,000 to Rs2 lakh will be given to working professionals […]
25/04/2017

VLCC acquires on-demand beauty firm Vanity Cube

Beauty and wellness firm VLCC has acquired Vanity Cube to get a greater hold in the on-demand beauty services sector.The entire acquisition, integration and category development cost for the company will be around INR 100 crore ($15 million).
25/04/2017

Eight Roads, Cisco Investments invests in SeedPlus

Cisco Investments, the investment arm of Cisco Systems which specialises in both direct and fund-of-funds investments, and Eight Roads Ventures, the proprietary investment arm of Fidelity International, have announced their investments in SeedPlus, a seed-stage venture fund based in Singapore which was launched by Jungle Ventures in 2015. The fund […]
25/04/2017

Oyo rooms raises $250 Million from SoftBank, others

Branded budget hotels marketplace OYO Rooms, which is operated by Oravel Stays Pvt Ltd, is closing a $250-million (INR 1,612 crore) fundraising round led by existing investor SoftBank Group. The recently-launched $100-billion SoftBank Vision Fund is expected to pump in $225 million in OYO, while the rest will come from […]
25/04/2017

Toppr raises INR 2.16 Crore funding in bridge round

Mumbai-based Haygot Education Pvt Ltd, which runs ed-tech startup Toppr, has raised an external round of funding in a bridge round. Toppr received the investment from Mauritius-based WGG International Ltd, who put in INR 1.995 crore, and an individual named Nitin Gupta, who invested INR 16.6 lakh in the ed-tech […]
24/04/2017

POPxo raises $3.1 Million led by IDG and Kalaari

POPxo, the digital community platform for women, raised fresh funding in a round led by IDG Ventures India and Kalaari Capital. The round also saw participation from GREE Ventures Japan, Phillippines-based Summit Media, Gurmeet Singh, and Atul Goel. Over 80 percent of POPxo’s user base is made up of women […]
24/04/2017

Redcliffe’s Dheeraj Jain backs security solutions startup ASADEL

Video analytics and enterprise safety company ASADEL Technologies Pvt Ltd has raised an undisclosed amount from Dheeraj Jain, managing partner at venture capital firm Redcliffe Capital, in exchange for a 10% stake. Founded in early 2015 by IT industry veteran Partha Guha Patra, the Delhi-based firm offers products that enable […]
24/04/2017

Caspian ups fourth fund’s target, nears first close

Caspian Impact Investment Adviser Pvt Ltd is seeking to double the target corpus for its small and medium enterprises-focused equity fund, and is set to mark the first close by the end of next quarter.
24/04/2017

Breast cancer screening startup NIRAMAI bags funds from pi Ventures, others

NIRAMAI Health Analytix, a breast cancer screening startup, has raised undisclosed seed funding in a round that was led by pi Ventures and included Ankur Capital, Axilor Ventures, 500 Startups and Flipkart cofounder Binny Bansal. NIRAMAI is building a non-invasive, non-touch, non-radiation approach to detect breast cancer.
24/04/2017

UrbanClap raises INR 20 crore from Trifecta via NCDs

Home services marketplace UrbanClap has raised INR 20 crore in debt funding from venture debt firm Trifecta Capital through non-convertible debentures. The startup also allotted equity through some compulsory convertible preference shares to Trifecta for INR 2 crore.
24/04/2017

Investors add INR 41 Crore to Faasos’ funding plate

On-demand food delivery platform Faasos Food Services has raised INR 41 Crore in an extension of its previous funding round from existing investors. The investors include Ligthbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia and RB Investments.
21/04/2017

Quadria founders-led VC firm HealthQuad makes third bet

Venture capital firm HealthQuad Advisors Pvt Ltd has made its third bet in a Hyderabad-based single-specialty healthcare company.
21/04/2017

AI firm VideoKen raises $ 1 Million angel funding

Video-based social platform VideoKen has received $1 million from a group of angel investors. The investors include LG Chandrasekhar, Sutures India chairman; Sashi Reddi, partner SRI Capital; and few current and former executives of Flipkart. Founded in 2016, the startup offers video learning to educational institutions, training companies, and enterprises.
21/04/2017

Hero Enterprises to invest $15.5 Million in Aavishkaar Bharat Fund

Hero Enterprises today announced a INR 100 crore investment in impact investor Aavishkaar’s new fund, the Aavishkaar Bharat Fund. Aavishkaar Bharat Fund is the investor’s sixth fund, and is a SEBI registered Category II Alternative Investment Fund.
21/04/2017

Wassup Laundry buys out Doormint in equity swap

Chennai-headquartered on-demand laundry and dry cleaning company Wassup Laundry has acquired Mumbai-based home laundry service startup Doormint in an equity swap deal. Post deal, Venture capital investors in Doormint, Kalaari Capital and Helion Ventures will hold equity in Wassup Laundry.
20/04/2017

Industrial IoT startup IoTrek raises INR 1 Crore in seed investment

Delhi-based IoTrek Technology Pvt Ltd, which provides industrial Internet of Things (IoT) solutions for telecommunications, energy and solar grid management, has secured $154,000 (INR 1 crore) in seed funding from a consumer goods maker. The funding will be utilized to develop its product, build the team, and scale up operations.
20/04/2017

Fashion start-up Wooplr raises funding from Ankit Nagori

Fashion discovery platform Wooplr Technologies Pvt Ltd has raised an undisclosed amount in funding from Ankit Nagori, co-founder of healthcare start-up CureFit and former chief business officer at Flipkart Ltd Nagori will join Wooplr’s board following the investment. Launched in 2013 Wooplr is a consumer content-driven marketplace, where users upload […]
20/04/2017

Nomura to back startups, VC funds with fin-tech focus

Global investment bank Nomura is looking to invest in fin-tech startups in India, among other countries, using its newly-set up $100-million fund housed under subsidiary N-Village. It will also back venture capital (VC) funds catering to the fin-tech theme.
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