30/08/2016

Denmark’s Sophia Investment backs farm-tech firm CropIn

CropIn Technology Solutions Pvt Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million  from Denmark’s Sophia Investment ApS. The funding will be utilized to hire staff in the marketing, operations and technology segments. The company  plans to develop its ‘SmartFarm’ application for real-time monitoring […]
30/08/2016

Online photography startup Canvera raises $3 Million more led by Info Edge

Bengaluru-based online photography startup Canvera Digital Technologies Pvt Ltd has raised INR 20 crore ($3 million) led by existing investor Info Edge (India) Ltd. Founded in 2008 as a web-enabled photo-book company, Canvera entered associated e-commerce in March 2011. It provides solutions to professional photographers via its website Canvera.com. It […]
30/08/2016

EdTech platform iAugmentor raises INR 1 crore in seed funding

Education-technology company, iAugmentor Labs Pvt Ltd raised INR 1 crore in seed funding from Rajasthan Angel Investor Network and other undisclosed individual investors. The funding will be utilized to introduce new learning mediums such as games, animations, cartoons and videos.
30/08/2016

TerraPay acquires UK’s Pay2Global

TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).
30/08/2016

MediaTek invests INR 400 crore in One97

Taiwanese semiconductor maker MediaTek will invest INR 400 crore ($60 million) or about a fifth of the capital being infused into India’s One97 Communications, which runs mobile payment and ecommerce platform Paytm. The deal, which was ratified by the board of directors of Noida-based company on Monday, will see valuation […]
30/08/2016

Facility management and home services startup SBricks acquires home services aggregator HomeCues

Facility management and home services startup SBricks has acquired home services aggregator HomeCues for more than $1 million. While HomeCues will be a subsidiary company of SBricks, it will continue to operate under its original name and the two companies will split their focus into business-to-consumer and business-to-business sectors respectively.
30/08/2016

Home design startup Livspace raises $15 Million from Bessemer, others

Design and furniture start-up Livspace, owned by Home Interior Designs E-commerce Pvt Ltd, has raised INR 100 crore from existing investors Bessemer Venture Partners, Hellion Venture partners and Jungle Ventures. The funding will be utilized to expand operational footprint, set up new Livspace design studios, expand the design automation platform […]
29/08/2016

Blume, Nexus lead $7 Million funding in Runnr after TinyOwl acquisition

Food delivery platform Runnr has raised $7 million (Rs 47 crore) from existing investors Blume Ventures and Nexus Venture Partners. Runnr was formed after on-demand logistics startup Roadrunnr acquired troubled food ordering startup TinyOwl in June.
29/08/2016

Self-publishing startup, Notion Press raises $1 Million from HNI’s

Chennai-based self-publishing startup, Notion Press, has raised $1 Mn in Pre-Series A funding from undisclosed HNIs. The deal will help the platform consolidate its market leadership, strengthen its management team and expand its services in the market. The funding will be utilized to intensifying coverage across India and fuel operations […]
29/08/2016

On Demand talent marketplace Zolo raises seed funding, looks to expand to other cities

Noida-based on-demand talent marketplace, Zolo, has raised an undisclosed amount of seed funding from Switzerland-based Software company Hitouch AG.The funding will be utilized to expand to other cities after establishing base in Delhi-NCR. Also, Zolo intends to add more categories and services to its portfolio. Apart from the funding, Zolo […]
29/08/2016

LoanTap raises $3m from HNIs

LoanTap Financial Technologies Pvt Ltd, an online non-banking financial company (NBFC), has raised $3 million (INR 20 crore) from Mumbai-based high-net-worth individuals Abhishek Pandey and Jaysukh Sapra. 85% of the funding will be utilized to extend loans and the rest to strengthen its technology and marketing.
29/08/2016

Biotech company Mitra Biotech raises $27.4 Million

Mitra Biotech Inc,  a biotech company that develops and provides technologies that personalize cancer treatment, has raised approximately INR 184 crore in a Series B round of financing led by Sequoia India and Sands Capital Ventures.Mitra Biotech is engaged in supporting personalized oncology therapy selection and drug development. Founded in […]
29/08/2016

Mobikwik to get $40 Million from South African payment firm Net1

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card technology across MobiKwik wallets.
29/08/2016

Cashback App Crownit parent raises funds from Freecharge, Freshdesk founders

GoldVIP Technology Solutions Pvt Ltd, which runs the Crownit mobile application, raised an undisclosed amount of funding from Kunal Shah and Sandeep Tandon (founders, Freecharge), Girish Mathrubootham (founder, Freshdesk) and Anand Chandrasekaran (former chief product officer, Snapdeal). The funding will be utilized for expanding to more cities and increase merchant […]
29/08/2016

Paytm parent in talks to raise around $300m from MediaTek, Temasek, others

One97 Communications Ltd, which runs e-commerce marketplace and payments platform Paytm, is in advance discussions to raise $300-$350 million (INR 2000- INR 2400 crore) from Taiwan’s MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others. Taiwan’s Foxconn and GIC are likely to participate too.
29/08/2016

Agri-based venture Krishi Star raises seed funding from Upaya, Artha Venture

Mumbai-based agri-business startup Krishi Star has raised an undisclosed amount in seed funding from a consortium of four investors led by Upaya Social Ventures and Artha Venture Challenge, along with 1to4 Foundation and an angel investor. The company collaborates with small farmers by branding and selling their products through a […]
26/08/2016

Postman, a startup which delivers solutions to manage application programming interfaces

Founded by Abhinav Asthana and Ankit Sobti, Postman engaged in catering to the problem of managing APIs, or application programming interface, which is a piece of code that allows a software to talk to another software
26/08/2016

Discovery platform NearFox secures seed funding

Mumbai-based NearFox, a local lifestyle content and discovery platform, has raised an undisclosed amount of seed funding from a clutch of investors, including Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain, and Craftsvilla Products VP Arpan Nagdeve; and with the infused capital […]
26/08/2016

Snapdeal receives $21 million from Luxembourg’s Clouse SA

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has received more than $21 million as part of its previously announced funding round from Luxembourg-based firm Clouse SA
26/08/2016

A year after launch, Flipkart’s Growth Capital programme crosses Rs 125-cr mark

Flipkart have disbursed loans worth over Rs 125 crore to more than 800 sellers in the year since it launched the Growth Capital programme; through its tie-ups with eight financial institutions for the financing initiative which offers collateral-free loans
26/08/2016

Help us Green spreads the Scent down the Ganges

Kanpur-based startup Help Us Green, which converts flower waste collected from temples and mosques into patented organic manure and scent sticks, plans to cover more cities along the Ganges to do its bit to reduce river pollution
26/08/2016

Indian fintech investments 2nd largest in Asia-Pacific at $339 mn

Investments in Indian financial technology ventures reached USD 339 million till July end this year, the second highest in Asia Pacific after China
25/08/2016

Urban Ladder raises $3 million venture debt from Trifecta Capital

Online furniture store Urban Ladder Home Décor Solutions Pvt Ltd has raised $3 million in venture debt from Trifecta Capital, joining a growing breed of start-ups which, after raising substantial funds during the funding boom last year, are seeking venture debt to meet their working capital requirements amid the current […]
25/08/2016

Witworks raises seed funding from Fireside Ventures, Investopad

Bengaluru based, Think Innoventions Pvt Ltd that operates under the brand Witworks, received an undisclosed amount of seed funding, led by Fireside Ventures, Investopad, P39 Capital along with a group of angel investors including Anupam Mittal (Founder, Shaadi.com), Pranay Jivrajka (COO, Ola), Maninder Gulati (CSO, OYO Rooms), Abhinav Sinha (COO, OYO Rooms), […]
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