04/04/2017

IoT startup Tyre Express raises angel funding

Enterprise IoT solutions startup Tyre Express Pvt Ltd has raised an additional amount in seed funding from an angel investor. The company is working on IoT-based solutions for vehicle diagnostics.
03/04/2017

Offline store aggregator Jhakaas raises seed funding

Mumbai-based Jhakaas Technologies Pvt Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised INR 1 crore (around $154,000) in seed funding from a clutch of investors. The funding will be utilized to develop the technology platform and boost merchant awareness.
03/04/2017

Former Blackstone exec leads $3.8 Million round in personal loan app CASHe

Aeries Financial Technologies Pvt Ltd, which operates personal loan app CASHe, has raised INR 25 crore in Series A funding led by Mathew Cyriac, former India co-head of private equity at Blackstone Group LP. CASHe disburses short-term personal loans of INR 5,000-1 lakh to young professionals based on their earning […]
03/04/2017

Gujarat Venture Finance bets $4.6 Million homeware maker Varmora Plastech

Venture capital firm Gujarat Venture Finance Ltd (GVFL) has invested INR 30 crore  from Golden Gujarat Growth Fund-I in Ahmedabad-based premium homeware manufacturer Varmora Plastech Pvt Ltd. Varmora Plastech will use the capital to expand its product range and market reach.
03/04/2017

Eruditus raises INR 53 crore from Bertelsmann India in series-B round

Eruditus Executive Education, a provider of executive education programmes, has raised $8 million (about INR 53 crore) in a series-B funding round from Bertelsmann India Investments. The company will use the funds to add new programmes with the existing and new university partners as well as expand its geographical reach […]
03/04/2017

Unicorn India Ventures makes maiden investment in fintech with SmartCoin

Early-stage venture fund Unicorn India Ventures, which is set to close its maiden fund in the range of INR 100 crore, has made its first investment in the fintech space, leading a round of about half-a-million dollars in Bengaluru-based microlending startup SmartCoin. The startup offers loans starting from INR 1,000 […]
03/04/2017

Edtech startup Testbook raises funds from Matrix Partners

Testbook, an education technology startup, has raised an undisclosed amount from venture capital firm Matrix Partners India. The company will use the funds for geographic and product expansion.
31/03/2017

Craft beer label Bira 91 raises fresh funding

Craft beer maker B9 Beverages Pvt Ltd has raised a round of growth capital from one of its existing investors.
31/03/2017

PharmEasy raises Series B funding of $16M led by Bessemer Venture Partners and Orios Venture Partners

PharmEasy, the Mumbai-based pharma platform, has raised a Series B funding of $16 million in a round led by Bessemer Venture Partners and Orios Venture Partners. This is the second round of funding the healthtech startup has raised. It had last year raised $5 million.
31/03/2017

Offline store aggregator Jhakaas raises seed funding

Mumbai-based Jhakaas Technologies Pvt Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised INR 1 crore (around $154,000) in seed funding from a clutch of investors. The investors are: Mumbai-based management consultancy firm Stelcore Management Services Pvt Ltd; Malini Patel, country manager, Bloomberg Data Services Pvt […]
31/03/2017

BigBasket raises funding from Trifecta Capital

Online grocery store BigBasket (Supermarket Grocery Supplies Pvt. Ltd) has raised INR 45 crore from venture debt firm Trifecta Capital to meet capital expenditure requirements, even as the company talks to a host of investors to raise at least $100 million (about INR 650 crore). The funds will be used […]
30/03/2017

Avendus Capital to raise independent tech fund

Avendus Capital, most widely known for its investment banking services in the digital space, will soon launch a digital and technology-focussed fund.
30/03/2017

China’s APUS Group acquires Siftr Labs

APUS Group, China’s fastest growing unicorn has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.Founded by veterans from Adobe, Qualcomm, and Samsung with significant expertise in machine learning, image processing, and mobile development, Siftr Labs is a leading technology-driven photo-curation platform.
30/03/2017

Health-tech startup Medinfi raises another angel round

Bangalore-based Medinfi Healthcare Pvt Ltd, a platform to search doctors and hospitals through the Web and mobile app, has raised $50,000 (INR 32 lakh) in its seventh round of angel funding from existing investors. Vinod Martin, COO at a Singapore-based IT services company, Hemant Kaul, former MD and CEO at […]
30/03/2017

Indus OS raises funds from JSW Ventures, others

Mumbai-based OSLabs Technology India Pvt Ltd, which runs smartphone operating system Indus OS, has raised an undisclosed amount in Series A2 funding from early-stage investor VenturEast and JSW Ventures. Existing investor Omidyar Network also participated in the round.
30/03/2017

Emflux raises funding to build India’s first electric sports bike

Bangalore-based Emflux Motors Pvt Ltd has raised an undisclosed amount in angel funding from a group of investors to make what it touts as India’s first electric sports bike. The investors include IIT Delhi alumnus and cryptocurrency expert Meher Roy; investment bankers Nikhil Arora, Meet Kanodia and Krit Sankalp; Nitish […]
30/03/2017

Facebook co-founder Saverin’s VC firm B Capital leads $25 Million round in Icertis

Cloud-based enterprise software firm Icertis Inc has raised $25 million in a Series C funding round led by B Capital Group, taking the total it has mobilised so far from investors to $46 million. Existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures also invested in the new round.
30/03/2017

SIDBI puts INR 20 crore in solar installation startup Oriano Solar through its private arm

Samridhi Fund, INR 450-crore fund owned by the private investment arm of Small Industries Development Bank of India (SIDBI), has agreed to make INR 20-crore investment in Mumbai-based solar installation startup Oriano Solar. The Series A investment comprises a mix of debt and debenture.
29/03/2017

Travel-tech startup Ithaka raises seed round

Mumbai-based Traveljunkie Solutions Pvt Ltd, which runs travel-tech startup Ithaka, has raised $325,000 in seed funding from a clutch of angel investors based in the US, Singapore and India. Ithaka will use the funds to build a personal, chat-based travel planning experience and forge overseas partnerships.
29/03/2017

Zuckerberg-backed edtech giant Byju’s ropes in $30M to go international

Byju’s, the company that runs one of India’s most popular edtech apps, has attracted a $30 million investment from Brussels-based family-run investment holding company Verlinvest. The newly garnered capital will be used for international expansion and acquisitions.
29/03/2017

Handset maker Intex launches $30 mn early-stage fund

Delhi-based mobile handset maker Intex Technologies has launched a $25-30 million (INR 150-200 crore) fund to invest in early-stage technology startups. The fund will invest in startups operating in areas that are a strategic fit for Intex, such as electronics, apps, mobile phones, human resources and sports.
29/03/2017

Online meat service startup Licious gets $10 million in funding

Online meat service startup Licious has secured $10 million in Series-B funding from a clutch of investors including existing backer Mayfield India and Mohandas Pai’s 3one4 Capital. The company will use the funds for expansion in other cities like Hyderabad and Delhi-NCR region and introduction of gourmet meats.
29/03/2017

ShopClues’ Sandeep Aggarwal has INR 20 crore for private investments

Sandeep Aggarwal, the founder of Droom and ShopClues, is seeking to establish himself as an entrepreneur-investor with a family office as well as a corpus nearly seven times his startup investments last year. Aggarwal has earmarked INR 20 crore for personal investments in nine-twelve startups this year.
29/03/2017

FalconBrick Raises Angel Funding, Aims To Redefine Construction Process For Real Estate

Real estate tech startup FalconBrick has secured an undisclosed amount in its Angel round of funding led by Satveer Thakral of Singapore Angel Network, LetsVenture, and Mumbai Angels. The round also saw participation from Apurva Salarpuria (founder, Salarpuria Sattva Group), Rahul Talwar (promoter family of DLF Ltd), Sidharth Pansari (Director, […]
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