23/08/2016

Sports-based entertainment company Smaaash raises INR 150 Crores from Piramal

Piramal Enterprises Ltd’s structured investment group (SIG) unit has agreed to invest INR 150 crore in Smaaash Entertainment Pvt Ltd, a sports-based entertainment company co-owned by cricketer Sachin Tendulkar. Currently, Smaaash has five gaming arcades in Mumbai, Bengaluru, Gurgaon, Noida and Hyderabad. The company is known for its arcades that feature sports […]
23/08/2016

Food startup Zzungry raises seed funding from Silicon Valley entrepreneurs

Bangalore-based food startup Zzungry that offers freshly prepared Indian cuisine has raised a round of seed funding from Silicon Valley-based entrepreneurs Satish Vasudeva, Madhusudhan Jujare and other individual investors. The funding will be utilized for expansion and building revenue channels.
23/08/2016

Fitternity close to raising funding from Saha Fund, Exfinity, others

Online fitness discovery platform Fitternity has received commitment to raise fresh investment from existing investors women-focused Saha Fund, Exfinity Venture Partners and couple of other angel investors based out of India and Silicon Valley. It has received commitment worth under $2 million.
23/08/2016

Vyome Biosciences raises INR 93cr in Series C round

Vyome Biosciences, a clinical-stage specialty biopharmaceutical company developing medicines for treating skin diseases caused by resistant microbes, has received $14 million (approx INR 93 crore) Series-C funding. The round was led by Perceptive Advisors, a New York based life sciences fund and, Romulus Capital, a Boston-based VC firm, along with […]
23/08/2016

Kelly Services, Temp Holdings launch VC fund for startups focused on HR

Recruitment firm Kelly Services India and its joint venture partner for Asia Pacific, Temp Holdings, have launched a venture capital fund for startups focused on human resources. The Temp Innovation Fund has set aside Rs 67 crore to invest in disruptive startups engaged in staffing and recruitment services in the […]
22/08/2016

Accel Partners eyes $500 million for fifth India fund

Accel India, which is based in Bengaluru, is expected to raise $400-500 million (Rs 2,700-3,300 crore) for its fifth fund. It will formally begin the process by October although it has initiated talks with the Limited Partners who could invest in the fund
22/08/2016

Nykaa.com to raise INR 80 crore, aims to double sales by FY18

Online beauty retailer Nykaa is in talks to raise INR 80 crore by end of this year to push growth as it aims to double sales to Rs 720 crore by 2017-18. The company is looking at diluting 10 per cent equity and expect to close the funding by December this […]
22/08/2016

Torrent loads Puro Wellness with INR 250 Crore

Ruchir Modi’s wellness startup Puro Wellness has raised INR 250 crore from Torrent — the holding company of Gujarat-based conglomerate Torrent Group — in its pre-revenue stage. Torrent has taken a significant stake in Puro Wellness, which aims to develop nutritional supplements that are meal replacements for salt, sugar, spice, […]
19/08/2016

Online classifieds player Quikr India raises $20 Million from Brand Capital

Online classifieds firm Quikr India Pvt Ltd has raised around INR 130 crore from Brand Capital, the private treaty arm of media company Bennett, Coleman and Co Ltd (BCCL). Brand Capital, invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of […]
19/08/2016

Meesho raises funds from Kashyap Deorah, Maninder Gulati, others

Bangalore-based Meesho, which provides online solutions for merchants to sell through social networking platforms as raised an undisclosed amount in an angel round from Kashyap Deorah, co-founder of HyperTrack and author of The Golden Tap, Rajul Garg, founder of Global Logic and Maninder Gulati, chief strategy officer of Oyo Rooms. […]
19/08/2016

IoT startup Briston Technomach nears pre-Series A funding

Briston Technomach Pvt Ltd, a Delhi-based Internet of Things (IoT) startup, is in advanced talks to raise funding from a larger Gurgaon-headquartered industry peer as part of its pre-Series A round. The company plans to raise INR10 crore (nearly $1.5 million) in this round.
19/08/2016

Scale Ventures to buy VC portfolio of early-stage investor Guerrilla Ventures

A new venture capital firm co-founded by Rathi Group scion and former CEO of NDTV’s ethnic apparel e-commerce venture, Scale Ventures, has struck a rare secondaries buyout deal in Indian venture capital space. Scale Ventures, which was floated early this year, has inked an agreement to acquire the portfolio of […]
19/08/2016

Wipro invests $1.5 Million in Israeli cybersecurity startup Intsights

Software services firm Wipro Ltd has invested INR 10 crore In Israeli cybersecurity startup Intsights Cyber Intelligence Ltd. Wipro will get a minority stake less than 20% in Intsights. Intsights provides cybersecurity solutions to organisations and claims to specialise in intelligence-driven solutions. The company offers a subscription-based service to detect […]
19/08/2016

Aspire Systems invests in startup Ziffity

Technology services company Aspire Systems announced investment in Ziffity, a Chennai-based digital agency focused on e-commerce solutions spanning technology, creative design and digital marketing space. The investment is in line with Aspire’s aim of providing e-commerce, digital marketing solutions and strategy consulting for the retail sector.
18/08/2016

Alibaba has held talks to acquire Shopclues; may merge it with Paytm’s marketplace

Chinese internet behemoth Alibaba, which aims to enter the domestic e-commerce market by early next year, has held discussions to acquire online marketplace ShopClues, which is valued at over $1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival […]
18/08/2016

Zerodha’s Rainmatter invests Rs 2.5 crore in e-signing platform Digio

Online discount firm Zerodha has invested through its in-house incubator and fund Rainmatter in financial technology digital signature enabling platform Digio. The funding will be utilized for hiring purposes and for operational activities over the next 12-14 months.
18/08/2016

Farm-produce retailer SunnyBee raises INR 4.5 Crore from CavinKare founder, others

SunnyBee, a Chennai-based farm fresh produce retailer, has raised approx $672K from a clutch of high-profile angel investors, led by personal care products major CavinKare’s founder C K Ranganathan. As per the deal, the company allotted 1,500 0.001% compulsory convertible preference shares (CCPS) at Rs 30,000 each to the investors.
18/08/2016

Exhibition organiser ABEC’s promoters acquire art monetisation portal PosterGully

The promoters of private exhibition organiser Asian Business Exhibitions and Conferences (ABEC) have acquired art monetisation portal PosterGully in a bid to tap the potential of the fast growing e-commerce space in the country. The company, which claims to have shipped out over 600K SKUs in the past three years, […]
18/08/2016

Ecommerce solutions provider Iksula acquires US based software company Blisstering Solutions

Integrated commerce solution provider Iksula has acquired US-based Blisstering Solutions, a software development company. With this acquisition Iksula aims at combining its ecommerce solutions with a range of other software-based solutions provided by Blisstering, strengthening its hold over the worldwide market of retail and end to end services.
18/08/2016

Tech Based Relocation Service Provider Pikkol raises funding from Indian Angel Network

Bengaluru-based relocation service provider Pikkol has raised an undisclosed amount in a funding round led by Indian Angel Network. Pikkol, a packers and movers startup was founded in April 2015. It is a tech-centric relocation service provider where users can generate tailor-made solutions for their needs.
18/08/2016

Early stage VC Stellaris raises $10 Million from SAP for its first fund

Stellaris Venture Partners, an early-stage venture capital firm launched by former Helion Venture Partners executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri, is in advanced talks to secure a $10 million commitment from global enterprise software giant SAP SE. As a strategy, they have been tapping large tech enterprises for […]
17/08/2016

EdTech firm Makkajai raises funding from former Snapdeal CPO

Education technology firm Makkajai has raised $200,000 in its seed round from angel investors Snapdeal‘s former chief product officer and angel investor, Anand Chandrasekaran. Makkajai is building an adaptive learning platform comprising deeply engaging educational games and learning analytics. The company claims that its Monster Math suite of games has […]
17/08/2016

MaalGaadi, ZiPi raise funds from Swan Angel Network

Online logistics marketplace MaalGaadi, an chatbot platform ZiPi, have raised funding from Indore-based Swan Angel Network. While MaalGaadi has raised $375,000 (INR 2.5 Cr) from Swan Angel Network, Sachin Khandelwal and other investors, ZiPi has raised an undisclosed sum from Swan Angel Network alone.
17/08/2016

SoftBank leads $90 million funding in Oyo

Budget hotel aggregator Oyo Rooms is closing a $90-million financing round, split into two tranches, led by its largest shareholder SoftBank. The budget hotel aggregator’s valuation has remained flat at around $400 million, pre-money . Its other investors include Sequoia Capital and Lightspeed Venture Capital, among others.
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