15/02/2017

Fintech co ZestMoney raises $6.5 Million in Series A led by Naspers-owned PayU

Bengaluru-based fintech company ZestMoney has raised Series A funding led by Naspers-owned PayU. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round along with individual investors. The funding will be utlized for technology and product development.
15/02/2017

WestBridge-backed Nazara Games to invest $20 Million in eSports league

Nazara Technologies Pvt Ltd, which operates mobile gaming firm Nazara Games, has launched an eSports league in India, for which it would invest roughly $20 million (INR 136 crore) over the next five years. eSports is a type of spectator sport with multi-player video game tournaments, especially among professional gamers.
15/02/2017

CIIE’s Bharat Innovation Fund gets SEBI nod to operate as Venture Capital Fund

Securities and Exchange Board of India (SEBI) has given approval to Bharat Innovation Fund to operate as a Venture Capital Fund. The company has secured Category – I Venture Capital Fund status from SEBI, to run their business. According to the norms, Category-I funds also get incentives from the government […]
15/02/2017

BookMyShow acquires 75% stake in Townscript

Mumbai-based entertainment ticketing portal BookMyShow has acquired a 75% stake in Pune-based DIY (do it yourself) event registration and ticketing platform Townscript in an undisclosed all cash deal. Townscript which has already provided its services to over 12,000 events across India, including smaller cities like Ludhiana and Jaipur focuses on the […]
15/02/2017

Coworking startup Innov8 raises an undisclosed amount from angel investors

Coworking space provider Innov8 has raised an undisclosed amount in an angel round enabled by LetsVenture and Venture Catalysts. The round saw investments by prominent angel investors such as Vijay Shekhar Sharma of Paytm, Rajan Anandan of Google, Kunal Shah of FreeCharge, Girish Mathrubootham of Freshdesk and Anand Chandrasekeran of […]
15/02/2017

Sminq acquires software service provider CodePandora

Pune-headquartered queue management startup Sminq has acquired CodePandora, a UX focused software services firm. The deal is believed to be in multiples of few million rupees, with majority being equity.
14/02/2017

Online payments platform OMA Emirates acquires mPoS solutions provider MobiSwipe

UAE-based payments solutions provider OMA Emirates has acquired fintech startup MobiSwipe Technologies Pvt Ltd for an undisclosed amount. With this acquisition, OMA Emirates aims to scale its services and portfolio in the Middle East, Eastern Europe, and the APAC regions.
14/02/2017

Laundry services provider Wassup raises $3.2 Million from Refex Energy’s MD Anil Jain, others

Chennai-based on-demand laundry services startup Wassup has raised its Pre-Series A round from existing investors which includes Anil Jain (MD at Refex Energy), HNIs from India and the Middle East. The funding will be utilized for expansion and to build a stronger management team.
14/02/2017

Fintech startup Better Mortgage raises $15 Million Series B funding

Gurugram and New York-based fintech startup Better Mortgage has raised $15 million in a Series B funding from Kleiner Perkins, Goldman Sachs, and Pine Brook. The funding will be utilized to support the launch and expansion of Better’s home purchase finance product.
14/02/2017

Unicorn India to close $15 Million maiden fund by March-April

Unicorn India Ventures, a Mumbai-based early stage technology-focused venture fund, is expecting to close its maiden fund Unicorn Venture Fund – I with a corpus of INR 100 crore ($15 million) by March-April 2017. Founded in 2015 Unicorn India plans to invest in IoT and fintech startups.
14/02/2017

Expense management platform Fyle Technologies raises INR2.7 Crore in a seed round

Fyle Technologies, a computer vision-enabled expense management platform for enterprises, has raised $400,000, in a seed funding round led by early-stage fund Pravega Ventures. The funding will be utilized to expand business outreach to large and mid-size enterprises in the country.
14/02/2017

JLL India invests in NCR-based startup Cloud1 Enterprises

Property consultant JLL India’s arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. Cloud1 offers a managed services model to its clients via a telematics-enabled employee transport platform seamlessly integrated into the vehicle.
14/02/2017

Chatbot NearGroup selected for FbStart

NearGroup has been selected by social networking giant Facebook Inc for its FbStart programme and will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, Dropbox and MailChimp. Besides, it will get free access to more than 25 services, including open source tools like React Native, […]
14/02/2017

US-based Draper Venture Network and Blume Ventures form strategic alliance

Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. The alliance will give Blume Ventures’ portfolio companies access to a global network of corporate and ecosystem relationships.
14/02/2017

Former Citigroup exec invests in data analytics firm Connaizen

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount from Vikram Sud, former Asia Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group. Founded in 2015, Connaizen provides targeted marketing solutions to merchants through its collaboration with financial institutions.
13/02/2017

Parenting app Nurturey raises over $330k in angel funding

Nurturey, a mobile app for parents, has raised over $330,000 in angel funding from a group of investors including Mohit Joshi, a president at Infosys Ltd. The funds will assist the organisation in developing new features that will make the application a more intelligent personal assistant for parents.
13/02/2017

Med tech co SigTuple raises $5.8 Million funding from Accel Partners, others

SigTuple, an artificial intelligence-based medical technology startup, has raised funding in a round led by Accel Partners along with institutional investors such as IDG Ventures India, Endiya Partners and Pi Ventures. The funding will be utilized to expand the team, take the product to user-adoption stage followed by commercialisation, and […]
13/02/2017

IoT-based co Flutura Business Solutions raises $7.5 Million

Bengaluru-based Flutura Business Solutions, an IoT (Internet of Things) focused data analytics firm, has raised INR 50 crore in a fresh round of funding led by Vertex Ventures, the venture capital arm of Singapore Government’s investment company Temasek Holdings. Flutura specialises in decision analytics for the energy and engineering sector, […]
13/02/2017

Nasdaq plans venture arm to back fintech firms

Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses. Nasdaq is best known for running stock exchanges around the globe, but it is also one of the largest providers of technology to other exchanges […]
13/02/2017

Auto services startup GoBumpr raises funding from Chennai Angels, others

Northerly Automotive Solutions Pvt Ltd, which runs and operates automobile services platform GoBumpr, has raised $300,000 (INR 2 Crore) in a round led by The Chennai Angels. The funding will be utilized to expand to other cities and boost technology platform.
10/02/2017

Travel startup Wandertrails raises $1 Million funding from UK’s Earlsfield Capital

Bengaluru based travel startup Wandertrails has raised $1 million seed funding from UK-based Earlsfield Capital, a venture capital firm based in UK. The funding will be utilised for expanding its operations across India and build products.
10/02/2017

Ganesh Natarajan invests in Zeve Capsol

Ganesh Natarajan, chairman of 5F World has invested in Zeve Capsol, the company that operates the 1Crowd platform in his personal capacity. Following this, Natarajan joins the board of Zeve Capsol, which is working to create an ecosystem for startups and investors. It currently has assets under management worth INR […]
10/02/2017

Foodtech startup 48East raises $500K in Pre Series A funding

Bengaluru-based foodtech startup 48East, has raised $500K in Pre Series A funding from UAE-based Al Dhaheri family. The funding will be utilized for setting up new kitchens, enhancing logistics, ramping up technology and marketing.
10/02/2017

AI startup Botworx.ai raises $3 Million from Costanoa Ventures, SV Angel

California-based Botworx, a conversational commerce platform, has raised $3 million in seed investment led by Costanoa Ventures with support from SV Angel. The funding will be utilized to build its platform and enable brands to acquire, engage and transact with consumers through popular messaging apps like Facebook Messenger, WeChat and […]
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