11/01/2017

Mobile app management platform Hansel.io raises $1.35 Million from IDG Ventures

Bengaluru-based Hansel Software Pvt Ltd, which operates real-time mobile app management platform Hansel has raised funding in a round led by IDG Ventures.The funding will be utilized for developing cross-platform capabilities, hiring and expanding presence in the North American market.
11/01/2017

Housing.com and PropTiger merge in an all-stock deal, raise $55 million in fresh capital

News Corp-backed real estate website PropTiger has merged with Housing in an all-stock deal.  As part of the deal, the combined entity will raise $50 million from News Corp-owned online real estate advertising company REA Group and another $5 million from Japan’s SoftBank, the primary investor in Housing.com.
11/01/2017

Driving school aggregator Drivekool raises funding from US based Aavya Ventures

Bangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures. The funding will be utilized to expand operations to new cities in Maharashtra.
11/01/2017

Fintech firm Loan Frame raises $2.25 Million in seed funding led by Vedanta Capital

Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised seed funding led by Parag Saxena of Vedanta Capital. Loan Frame provides a range of products to small and medium-sized businesses (SMBs), including secured and unsecured loans worth Rs 5 lakh-50 crore.
11/01/2017

Medinfi Healthcare raises $100K more from angel investors

Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 ( INR 68 lakh) in its sixth round of angel funding. The funding will be utilized to expand the user base to 50 cities in India.
10/01/2017

InstaOffice raises funding from investors led by Globevestor

InstaOffice, a start-up that offers managed office space on a sharing basis, has raised an undisclosed pre-Series A round led by Globevestor, a California, US-based venture capital firm. The funding will be utilized to take over more properties, expand the workforce and conduct customer-centric events.
10/01/2017

E-security start-up Securens gets funding from Mayfield, Trifecta

Electronic surveillance technology firm Securens Systems Pvt Ltd has raised a little over $5 million (INR 35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital.Founded in 2011, the company provides technology-based security solutions. Its chief e-surveillance product, ActiDETER, prevents crimes through use of video […]
10/01/2017

Fashion marketplace Coutloot acquires competitor Once Again Store

Coutloot (MJVS Fashion Services Pvt Ltd), an online platform that sells pre-owned fashion, has acquired Bangalore-based competitor Once Again Store (Stororo Services Pvt Ltd) for an undisclosed amount in an all-stock deal. Founded in 2015 Coutloot either collects the product from the seller after an order is placed, charging the […]
10/01/2017

3D printing startup Supercraft3D raises $1 Million funding

Supercraft3D, an additive manufacturing (3D printing) startup focused on healthcare and medical applications, has raised $1 million from Flipkart cofounder Binny Bansal and four other angel investors. The company offers patient-specific visualisation solutions that help hospitals, doctors and academicians get a perspective about the anatomy, among other services.
10/01/2017

BlackSoil Capital backs Intelligence Node in its third venture debt deal

New Enterprise Associates (NEA) and Orios Venture Partners-backed retail analytics provider Intelligence Node Consulting Pvt Ltd has raised INR 5 crore from BlackSoil Capital Pvt Ltd, a Mumbai-based specialized non-banking financial company (NBFC). Intelligence Node is also backed by angel investors such as Gaurav Sharma, Sunil Varrier, Arindam Das, Anupam […]
10/01/2017

YourNest-backed GolfLAN makes second acquires competitor GolfGreedy

Delhi-based golf course aggregator GolfLAN has acquired its Singapore-based competitor GolfGreedy in a part-cash, part-stock deal. Following the GolfGreedy deal, the number of golf courses on the GolfLAN platform will rise to 1,200 across 40 Asian nations, it claimed. Club operators registered with GolfGreedy will be able to use GolfLAN’s […]
09/01/2017

Lenskart raises INR 24 crore more from Ronnie Screwvala

Unilazer Ventures founder Ronnie Screwvala has pumped in an additional Rs 24 crore in online eyewear solutions company Lenskart Solutions. The latest secondary transaction in Lenskart brings Unilazer’s cumulative investment in the six-year-old company to about INR 100 crore, and was closed at a valuation close to INR 2,000 crore, […]
09/01/2017

First student startup fund has INR 200 Crore

Gujarat government has come up with India’s first student startup and innovation policy, which aims to provide INR 200 crore in the form of grants to ideas developed by them. The policy aims to support over 1,000 innovation per year and create pre-incubation support in all universities of the state.
09/01/2017

InnoVen Capital closes deals worth INR 110 Crore in Q3; Targets disbursals of $75 million-$80 million CY 2017

Venture debt firm InnoVen Capital closed deals worth INR 110 crore at the end of third quarter of the current fiscal. The Temasek-backed specialty finance firm has backed 13 startups for the October to December quarter, a list that includes food ordering and delivery service Swiggy, online insurance provider Coverfox, […]
06/01/2017

Supply chain solutions company LEAP raises $ 13 Million from multiple investors

Mumbai based supply chain solutions company LEAP India Pvt Ltd has raised a Series B round of financing from new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures. Founded in 2013, LEAP provides returnable packaging and pooling of equipment. The company caters to Indian companies and MNC clients in […]
06/01/2017

Apple to invest $1 Billion in SoftBank fund to support tech

Apple Inc is planning to invest $1 billion in SoftBank Group Corp’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc also said it will participate in the fund, but the […]
06/01/2017

Chinese VC firm Shunwei Capital set to enter Indian market with $2 Million investment in gaming company Mech Mocha

Chinese venture capital firm Shunwei Capital is set to make its debut investment in India by putting in $2 million in gaming startup Mech Mocha. Bengaluru-based Mech Mocha focuses on creating games with an Indian cultural context and is targeting segments ranging from children to housewives.
06/01/2017

SoftBank’s India Vision gets new $100 Billion tech-focussed Fund

SoftBank Vision Fund, the largest pool of private capital ever assembled, will now be the primary investment vehicle for the deal-hungry Japanese investor in India. All new SoftBank investments will be made from the new $100-billion technology-focused fund, which has received capital commitments from some of the world’s biggest companies, […]
06/01/2017

Software products firm Zoho invests $10 million in five startups

Software products firm Zoho has invested nearly $10 million in five startups, including machine-vision company Zentron Labs and medical devices maker vTitan, to help the founders during the research and development phase. Zoho, which builds products for enterprise data management and integration, will find complementing value in these investments.
06/01/2017

Dental care startup MobiDent raises funding from New York-based DanGold Investment

Bangalore-based dental care startup MobiDent has raised an undisclosed amount in pre-Series A funding from New York-based DanGold Investment Corp. The funding will be utilized to introduce its home dental services in 12 new markets, including metros and mini metros. In addition, it will significantly invest in expanding its team, […]
05/01/2017

Lodha Group launches startup investment fund for realty, smart city technologies

Realty developers Lodha Group has launched its maiden investment fund with an initial investment corpus of INR 50 crores to provide angel funding or venture capital along with business opportunities, industry contacts and mentor support  for startups focused on smart city solutions and overall real estate sector.
05/01/2017

Freshdesk acquires SaaS company Pipemonk

Freshdesk, a cloud-based customer service software provider, acquired Pipemonk, a data integration platform that works on the software-as-a-service model and allows companies to synchronise and move data among multiple cloud apps quickly and easily. The Pipemonk team will enhance Freshdesk’s capabilities to integrate within Freshdesk products as well as external […]
05/01/2017

Medical devices firm Yostra Labs raises funding from Marico foundation, Villgro

Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro. Founded in 2014 the firm manufactures devices to treat diabetes-related complications. Sparsh is used to diagnose diabetic peripheral neuropathy (permanent damage to the nerves in […]
04/01/2017

Venture debt firm InnoVen Capital forms syndicate to help fund cash-starved startups

In order to streamline the process of seeking traditional debt, Temasek-backed venture debt firm InnoVen Capital has formed a syndicate of banks and non-banking financial companies (NBFCs) including IndusInd, RBL Bank, Standard Chartered, Tata Capital and SIDBI to extend credit to its clients.
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