08/02/2017

IoT-based energy management startup Zenatix raises Rs 8 crore from investors led by pi Ventures

Zenatix Solutions has raised INR 8 crore from investors led by pi Ventures in a pre-series A round which also saw participation from existing investor Blume Ventures. Aiming to address the energy efficiency problem faced by a range of customers, the company uses advanced machine learning-based models and delivers 10-30% […]
08/02/2017

Hotel solutions provider iManageMyHotel raises funding from Jaarvis Accelerator

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator. The funding will be utilized to expand presence in more cities, including Delhi-NCR, Bangalore, and Mumbai.
08/02/2017

Consulting firm Sathguru raising $100 Million fund, targets first close by June

Hyderabad-based advisory services firm Sathguru Management Consultants is raising an INR 673 crore ($100 million) fund that will invest mainly in companies in food and agriculture sectors across the country. The fund, christened as Food and Agriculture Fund, is also keen to raise more in future and prefers to invest […]
08/02/2017

Holiday marketplace TravelTriangle raises $10 Million from RB Investments, others

Online travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. The funding will be utilized to accelerate growth, expand operations and hire more […]
08/02/2017

Online counselling startup InnerHour raises INR 3 Crore from VentureWorks, others

InnerHour, an online psychological wellness platform, has raised $450,000 (nearly INR 3 crore) in its first round of funding from financial advisory firm Batlivala & Karani Securities, investment firm Venture Works and others. Run by Mumbai-based MindCrescent Wellness Ventures Pvt Ltd, InnerHour offers online counselling and therapy services on both […]
07/02/2017

Micromax To Launch Orbis Capital $100 Mn Fund For Consumer Internet Startups

Indian mobile handset brand, Micromax will reportedly set up an independent fund to invest in consumer Internet companies worldwide. The fund is expected to raise up to $100 Mn (INR 680 Cr). Micromax will be the lead investor in the fund. The fund will invest in 10-12 startups with a […]
07/02/2017

Hyderabad-based Sathguru to start $100 million fund for food, agriculture startups

Hyderabad-based consulting organisation Sathguru Management Consultants is raising $100 million to start an Innovation in Food and Agriculture Fund (IFAF) that will be managed by their fund management company Sathguru Catalyser Advisors. They plan to invest approximately $8 million each in 8 to 12 companies for a significant minority stake. […]
07/02/2017

TravelTriangle raises $10 million in fresh round of funding in Series B led by Singapore’s RB Investments

TravelTriangle, an online marketplace for discovering travel agents, has raised $10 million, or about INR 67 crore in a fresh round of funding led by Singapore-based venture capital firm RB Investments. The company plans to use the proceeds from the latest funding round to further build on its offerings to […]
07/02/2017

Hotel solutions provider iManageMyHotel raises funding from Jaarvis Accelerator

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator.The money will be used to expand our presence in more cities, including Delhi-NCR, Bangalore, and Mumbai.
06/02/2017

Fintech Startup SlicePay Acquires P2P Lending Platform Trustio

Micro-lending startup SlicePay has acquired Delhi-based P2P lending platform Trustio in an all equity deal.With this acquisition, SlicePay aims to strengthen its team, product capabilities, and the overall infrastructure of the company.
06/02/2017

Investment firm Stellaris raises $50 million for early-stage funding of ideas

Software major Infosys and the country’s top lender to small businesses, Sidbi, are among investors that have helped Stellaris Venture Partners, an early-stage investment firm based in technology hotspots Bengaluru and Gurgaon, raise $50 million the bulk of which would be deployed in Series-A funding of ideas.
06/02/2017

Digital lending firm Zen Lefin raises INR 17 crore from IFMR

Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised INR 17 crore from IFMR Capital Finance.The NCD raise will be used for strengthening our lending books which will enable firm to fulfill the working capital requirements of SMEs; for both repeat borrowers […]
03/02/2017

Alibaba plans formal entry into Indian marketplace with fresh funding of INR 1,700 crore in Paytm

Alibaba, the world’s largest ecommerce company, is leading an investment round of between INR 1,350 crore and Rs 1,700 crore in the online retail marketplace of Paytm. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal which is expected to value the […]
03/02/2017

Curated platform for developers Stockroom.Io raises Pre-Series funding

Hyderabad-based Stockroom, a curated platform for developers has raised an undisclosed amount of funding in Pre-Series A round from Satya D Sinha and Gyanendra Singh, the founders of MANCER Consulting. The funding will be utilized to focus on building SAAS platform based on candidate recommendation system and predictive analytics.
03/02/2017

Former Infosys exec invests in B2B sales assistant Clodura

Pune-based automated lead generation startup Clodura Systems Pvt Ltd has raised an undisclosed amount of investment from a high-net-worth individual (HNI) Ajay Dubey, an IIT Kanpur alumnus. The funding will be utilized for product development, sales and marketing.
03/02/2017

Blume Ventures-backed fintech firm SlicePay buys rival Trustio

Blume Ventures-backed digital payment platform for college students SlicePay has acquired Trustio, a New Delhi-based peer-to-peer lending company, in an all equity deal. The acquisition will help SlicePay expand its team and enhance its product capability.
02/02/2017

Ed-tech startup Notesgen raises additional funding from GHV, existing investors

Delhi-based Notesgen Technologies Pvt Ltd, which runs peer-to-peer ed-tech startup Notesgen, has raised an additional INR 1 crore ($148,000) in angel funding from GHV accelerator and existing angel investors. The funding will be utilized to enhance technology and grow user base.
01/02/2017

Woo acquires US dating app Dus

Gurugram-headquartered dating app Woo has acquired Dus, a Los Angeles-based dating app in an all-cash deal for an undisclosed amount. Dus will merge with Woo in terms of brand identity and will focus on targeting Indians in America.
01/02/2017

CureFit acquires majority stake in Tribe Fitness

CureFit has acquired a majority stake in Tribe Fitness Club for an undisclosed amount. Tribe Fitness is a chain of fitness centres that provides training without using machines.
01/02/2017

HNIs invest in pet products portal Heads Up For Tails

Delhi-based luxury pet products portal Heads Up For Tails (HUFT) has raised $2 million from a group of high net worth individuals (HNIs) in a pre-series A round of funding. The portal has a catalogue of fashionable products for dogs and cats, with a focus on design and customisation.
01/02/2017

Register My Marriage raises seed funding from Mumbai Angels

Delhi-based marriage registration portal RegisterMyMarriage has raised an undisclosed amount of funding from angel investor network Mumbai Angels in a seed round. The funding will be utilized to expand its registration services to wills, divorces, birth certificates, income certificates, etc.
31/01/2017

OneLoyalCard acqui-hires real-time restaurant deal provider Pocketin

Noida-based Pocketin, a real-time restaurant deal startup, has been acqui-hired by online restaurant reservation portal, OneLoyalCard. Pocketin’s entire team along with its co-founders will join OneLoyalCard. The move is aimed at strengthening latter’s technology and expansion plans across India. OneLoyalCard plans to expand in six cities by the end of […]
30/01/2017

IDG Ventures India closes INR 1,360 Crore fund

IDG Ventures India, which counts Ratan Tata and Infosys cofounder Kris Gopalakrishnan as its advisors, is about to close its third country-focused fund of $200 million (INR 1,360 crore) in a fund-raising that may attract World Bank arm International Finance Corp (IFC).IFC is looking to invest about $20 million in […]
30/01/2017

MyDidi acquires TimeMyTask, merged entity valued at $15 million

On-demand cleaning services provider MyDidi has acquired peer TimeMyTask in an all-stock deal. The Mumbai-based company will absorb all the employees and the technology stack of TimeMyTask through this deal, which values the merged entity at $10-15 million.
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