22/03/2017

Draper ready to cut $1 Million cheques in India

Timothy Cook Draper, the founder of venture capital firm Draper Associates, wants to resume investing directly in early-stage Indian startups almost a year after he exited the country. The American venture investor plans to write cheques of about $1 million each, on average, for Indian startups working in areas such […]
21/03/2017

Hiring startup PMaps Assessment raises angel funding

Mumbai-based analytics-driven hiring services provider PMaps Assessment, which is run by PMaps HR Consultants Pvt Ltd, has raised its first external funding from a group of Pune-based investors. The investment was led by angel investor Shubhangi Jadhav.
21/03/2017

Kalaari Capital leads Series A round in payments start-up Airpay

Airpay Payment Services Pvt Ltd, a start-up that runs omni-channel payments platform Airpay, has raised series A funding of INR 24 crore led by venture capital firm Kalaari Capital, with participation from existing investors Rakesh Jhunjhunwala and Rajesh Jhunjhunwala. Airpay is a payments platform through which enterprises can make and […]
20/03/2017

Marico buys 45% stake in men’s grooming brand Beardo

Indian consumer goods company Marico has acquired 45% stake in men’s grooming brand Beardo. With this acquisition, Marico is set to strengthen its portfolio and stake in the men’s grooming market currently worth INR 3,200 Crores.
20/03/2017

PickMyLaundry acquires OneClickWash in all-cash deal

New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as […]
20/03/2017

Agri-tech startup FarMart raises seed funding from IAN

Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment. Through its technology-enabled platform, FarMart helps farmers rent their underutilised agricultural machinery to small and marginal farmers in need of it on a pay-per-use basis via a mobile app and call centre.
15/03/2017

Big data company Infoworks raises $15 Million from Centerview Capital, Nexus

Data warehousing company Infoworks Inc has raised $15 million (INR 98 crore) in its Series B round of investment led by Centerview Capital Technology. The funding will be utilized to scale up its go-to-market and customer success programmes to meet customer demand.
15/03/2017

Quona to invest 30% of its $141 Million fintech-focused fund in India

Global venture capital firm Quona Capital, which recently launched a $141-million fintech-focused fund for emerging markets, plans to invest about 30% of the fund’s corpus in India. Quona Capital, which was earlier an entity within Accion called the Frontier Investment Group, has split and is now a separate entity.
15/03/2017

Tech accessories e-tailer LatestOne.com raises $3.3 Million from Ashish Dhawan, Mathew Cyriac and others

Hyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore in its latest round from both new and existing investors.The funding will be utilized to meet growth capital requirements for its subsidiary LatestOne.Com, a vertical focused on e-commerce that sells mobile accessories online. Besides this, the […]
15/03/2017

Home services startup Frapperz raises $100K in seed funding

On-demand home services provider Frapperz has raised $100,000 in seed funding from a group of investors led by an Australia-based healthcare entrepreneur. Frapperz curates home services professionals for a slew of handyman services as well as for photography, home décor and electronics. It is operational only in Kolkata.
14/03/2017

Karnataka govt announces $1.5 mn fund for women entrepreneurs

In a move that would give a fillip to entrepreneurship among women, the Karnataka government announced an INR 10 crore Idea2POC (idea to proof of concept) fund on International Women’s Day. As part of this initiative, women entrepreneurs can participate in an open house, where they will be able to […]
14/03/2017

Lavelle Networks raises funding from Ideaspring Capital

Lavelle Networks, a Bangalore-based company which offers an SDN (software defined networking) platform for WAN (wide area network) management, has raised $600k from an early-stage VC fund Ideaspring Capital. The funding will be utilized for expansions and marketing.
14/03/2017

Fresh and gourmet food delivery platform IOrderFresh raises funding from Singapore Angel Network

Delhi-based online fresh fruits and grocery store, iOrderFresh has raised an undisclosed amount of funding from Singapore Angel Network Pte Ltd (SGAN), the angel investment arm of Singapore-based Thakral Group of Companies. Launched in December 2014, iOrderFresh allows customers across Delhi-NCR to order fresh fruits, vegetables, dairy, bakery products, pulses […]
14/03/2017

Govt plans to offer loans up to INR 5 Crore to startups

Startups will soon be able to take loans of up to INR 5 crore without collateral through a credit guarantee scheme prepared by the government. The scheme is awaiting cabinet approval and is likely to become functional soon under the supervision of the Department of Industrial Policy and Promotion.
14/03/2017

Freecharge raises INR 30 Crore funding from parent Jasper Infotech

Jasper Infotech, which owns and operates e-commerce platform Snapdeal, has put in an additional INR 30 crore in its digital payments platform Freecharge.
14/03/2017

Mantras Green Resources, others investing $7.5 Million in EcoMitram to form SPV

EcoMitram Sustainable Solutions Pvt Ltd, a Jaipur-based company which is creating and managing renewable projects, got a commitment of INR 50 crore from three companies to form a special purpose vehicle (SPV). The startup is developing a 10MW of solar roof project and for that, it will be creating special […]
14/03/2017

Health and wellness startup MyDermacy raises funds from Chinese VC firm Cyber Carrier

Delhi-based online health and wellness startup MyDermacy has raised an undisclosed amount of funding in a pre-series-A round from India-focused Chinese venture capital firm Cyber Carrier. As part of this transaction, the venture firm has acquired 15-18% equity in the two-year old startup. The funding will be utilized to expand […]
10/03/2017

Real estate portal MagicBricks raises funding from Times Internet

Online real estate portal MagicBricks has raised INR 30 crore from Times Internet Ltd. The funding will be utilized for product development, brand building, and marketing initiatives.
10/03/2017

K2 Global to invest more in Paytm, Saavn

Start-up investment firm K2 Global, backed by Indian and Asian billionaires, is looking to increase its stake in online mobile applications Paytm and Saavn, which are among start-ups with strong growth market strategies in India. K2 Global, which has built up stakes in Paytm and Saavn over in about two […]
10/03/2017

Ideaspring Capital invests in Bengaluru startup Lavelle Networks

Early-stage venture capital fund Ideaspring Capital has invested $600,000 in Lavelle Networks, a Bengaluru-based startup in the software defined networking (SDN) space. The funding will be utilized for expansion and marketing.
10/03/2017

Property Share raises funding from Japanese firm Asuka and existing investors

Property Share, a Bengaluru-based startup that enables fractional property ownership, has raised an undisclosed amount in a funding round that was led by Japanese asset management firm Asuka, and existing investors Pravega Ventures and Singapore-based venture capital fund Beenext. The funding will be utilized for technologically upgrading the product and […]
10/03/2017

I-banking firm Sprout Capital floats micro VC fund

Bangalore-based boutique investment banking firm Sprout Capital Advisors LLP has launched a micro venture capital fund that aims to bet on companies benefiting from growing domestic consumption.
10/03/2017

App aggregator AppBrowzer raises $500K from Deepak Gurnani, others

Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network. AppBrowzer helps users search, discover and use various apps without any download or installation.
09/03/2017

Blue Box Media acquires lifestyle blog Connect Jaipur

Blue Box Media Pvt Ltd, which operates technology news site The Tech Portal, has acquired a majority stake in Jaipur-headquartered lifestyle blog Connect Jaipur to venture into lifestyle content for an undisclosed amount. Connect Jaipur, a digital media platform, provides PR and branding services to businesses, relevant in this tech […]
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