27/02/2017

Mobile ad platform Oglas raises angel funding

Noida-based mobile advertising startup Oglas has raised angel funding from two people. The Oglas application is an image- and video-based advertising tool for businesses. The multi-utility platform works as a customer retention tool with inbuilt loyalty and a referral programme with customizable solutions. Users get rewards for using the app […]
24/02/2017

Matrix-backed Stayzilla shuts down, will ‘reboot’ with different model

Online homestay and alternate stay aggregator Stayzilla has suspended its operations and will reboot with a different business model. Started in 2007, Stayzilla started off by offering budget hotel accommodation to travellers but shifted its focus to home stays early last year.
24/02/2017

Get My Parking raises $1.1 Million from IAN, others

Cloud-based mobile parking technology startup Get My Parking has raised pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The funding will be utilized to deploy its integrated smart parking platform.
23/02/2017

Bharti Airtel acquires stake in fintech startup Seynse

Indian telecommunications major, Bharti Airtel has acquired an equity stake in fintech startup Seynse Technologies Pvt Ltd, for an undisclosed amount. The deal has been facilitated through its subsidiary arm, Bharti Airtel Services.mLaunched in 2015, Seynse offers a host of digital financial services to its users including a digital lending […]
23/02/2017

B2B pharmacy app Reap raise funding from FreeCharge founders, Chaayos CEO

Mumbai-based Workcell Solutions Pvt Ltd, which runs B2B app for pharmacies Reap, has raised an undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon, Chaayos co-founder and CEO Nitin Saluja and Thinklabs founder Gagan Goyal. The funding will be utilized to develop the product further and […]
21/02/2017

Orios Venture Partners raises second fund

Orios Venture Partners has closed the fundraising process for its second fund at a lower-than-targeted level but plans to hit the road again within the year, as the Mumbai-based venture capital firm looks to accelerate its pace of investments after staying on the sidelines in 2016.
21/02/2017

IAN makes first close of maiden venture fund

Indian Angel Network’s eponymous IAN Fund has marked its first close, receiving commitment from investors within the network as well as high-net-worth individuals (HNIs). The fund will focus on sectors such as e-commerce, semi-conductors, gaming, and robotics.
21/02/2017

IDG, Accion to invest more in CreditMantri

Chennai-based online credit management startup CreditMantri Finserve Pvt Ltd is set to raise INR 51 Crore in Series B funding from new and existing investors. Founded in 2012 CreditMantri is an online platform that helps customers make borrowing decisions. It helps them understand their credit scores, learn how to improve […]
21/02/2017

CDC, Manipal form $80 Million fund to invest in “healthcare beyond hospitals”

CDC Group Plc, British government’s development finance arm and Manipal Education and Medical Group have partnered to float a $80 million fund, to invest in healthcare services beyond the conventional hospital services. The two institutions have come together to invest an initial $80m in innovative opportunities in India, Africa and […]
21/02/2017

Photo-sharing app Vebbler selected for FbStart

Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt Ltd, has been selected by social media giant Facebook for its FbStart programme. Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme.
20/02/2017

Food startup Biryani By Kilo raises angel funding

Gurgaon-based food startup Biryani By Kilo, operated by Sky Gate Hospitality Pvt Ltd, has raised angel funding from a clutch of investors. The funding will be utilized to set up new kitchens in Delhi NCR and strengthen technology processes.
20/02/2017

True Balance raises Rs 100 Crore from SoftBank ventures Korea, others

Mobile balance management services startup True Balance has closed a INR 100-crore funding round, which was led by SoftBank Ventures Korea, a venture capital arm of the SoftBank Group, and IMM Investment. True Balance is an Android app that allows users to check their mobile call and data balances, without […]
20/02/2017

Health app Obino acquires fitness gamification app Fitard

Mumbai-based Manna Healthcare Pvt Ltd, the company which runs health & weight loss coaching app Obino, has acquired fitness mobile app startup Fitard for an undisclosed amount. Fitard is a fitness tracking app that rewards users with Fitard Coins, a virtual currency, on completion of targets to keep up their […]
20/02/2017

VIVO Healthcare receives investment from ICCO of Netherlands

Healthcare training and education company VIVO Healthcare has received strategic investment from ICCO Investments.With over 60 training centres in 13 states across India, VIVO has rapidly transformed into a leading platform for training of paramedics, technicians and allied health workers.
20/02/2017

VR startup Imaginate raises $500K from SRI Capital

Imaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised $500,000 in seed investment from venture fund SRI Capital. The funding will be utilized to scale up operations in the US and run pilots with large-scale organisations.
20/02/2017

Urban Ladder raises $15 Million from Kalaari, SAIF and others

Bangalore-based Urban Ladder Home Décor Solutions Pvt Ltd, which runs online furniture store Urban Ladder, has raised close to INR 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Steadview Capital and Sequoia […]
20/02/2017

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 from a clutch of investors. The company, run by Kenrise Media Pvt. Ltd, claims to have broken even within two weeks of its operations. The Ken’s revenue streams include subscriptions as well as brand partnerships.
17/02/2017

YourStory raises $3 Million in fresh funding

Bengaluru-based digital media company YourStory Media Pvt Ltd, which runs YourStory has raised $3 million (about INR 20 crore) in a fresh round of funding. Existing investors Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ONE4 Capital Advisors LLP and UC-RNT Fund took part in this round.
17/02/2017

Personal assistant app Tapzo raises funding from RB Investments

Coraza Technologies Pvt Ltd, which operates personal assistance app Tapzo, has raised an undisclosed amount of funding from Singapore-based RB Investments. The Bangalore-headquartered startup was started as Akosha in 2010 with a vision to build a platform to help consumers getting their customer service issue resolved.
17/02/2017

Skype co-founder’s VC firm Atomico raises $765 Million tech fund

Atomico, which has spent the past decade proving startups can prosper outside Silicon Valley,has closed Europe’s largest standalone tech venture fund, a $765 million war chest that reflects the region’s growing financing firepower. The London-based venture firm started by Skype co-founder Niklas Zennstrom has invested in around 60 firms since […]
16/02/2017

Dating app Aisle raises funding from CIO Angel Network, others

Aisle, a Bangalore-based online match-making app, has raised an angel funding led by CIO Angel Network. Founded in 2014 Aisle is a members-only online singles community that aims to tread the middle path between traditional matrimony websites and casual dating applications.
16/02/2017

Japan’s SoftBank to acquire Fortress Investment Group for $3.3 billion

SoftBank Group is buying alternative-asset manager Fortress Investment Group LLC to operate alongside the Japanese company’s soon-to-be-established technology investment fund. The Fortress deal will be separate from that vehicle and is aimed at bringing investment talent inhouse.
16/02/2017

Online marketplace for used cars Truebil raises INR 20 crore from Shunwei Capital

Online marketplace for used cars Truebil has raised $3 million (around INR 20 crore) in a follow on series-A round from Chinese venture capital firm Shunwei Capital. With this infusion from Shunwei Capital, whose backers include Xiaomi founder Lei Jun, the total capital raised by the firm so far stands […]
16/02/2017

Integrated art venture Insignia Art Collect raises INR 3.5 Crore from DSG Consumer Partners

Deepak Shahdadpuri-led DSG Consumer Partners has invested in Mumbai-based integrated art venture, Insignia Art Collect. The startup aims to sell art created by upcoming artists at affordable prices. Its flagship brand, BestCollegeArt, sells art globally through its online platform as well as through its offline gallery space in Delhi.
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