17/08/2016

Edtech startup Gradopedia raises seed round

Mumbai based ed tech startup Gradopedia has raised an undisclosed round of seed funding from investors in Dubai. Gradopedia is a career discovery platform and was part of the first batch of startups housed at Pune based edtech accelerator, Edugild. The funding will be utilized to build internal capabilities in […]
17/08/2016

Hike raises $175 Million from Tencent, Foxconn; joins $1-billion club

Hike Messenger has raised $175 million in a fresh round of funding led by Tencent Holdings and Foxconn Technology Group, joining the coveted ‘unicorn’ club of startups. The company would be investing in services, people, office space as well as some long term bets in areas of machine learning and […]
17/08/2016

Mobile security company Appknox raises INR 4.3 crore from SeedPlus

Mobile security company Appknox has raised about $875K  in a bridge round from Singapore-based venture capital firm SeedPlus.  As part of the funding arrangement, Bengaluru-based Appknox will be partially working out of Singapore. The company, which analyses mobile app security on the cloud, has among its clients major ecommerce and […]
16/08/2016

Supermarket chain Daily Delite acquires Delhi-based farm e-tailer

Daily Delite India Pvt Ltd, which runs three supermarkets in the national capital of Delhi, has acquired Delhi Mandi, a fresh fruits and vegetables e-tailer for an undisclosed amount. The deal will help Daily Delite increase its B2C sales.
16/08/2016

Raw meat e-tailer Zappfresh raises fresh funding

Gurgaon-based DSM Fresh Foods Pvt Ltd, which runs online startup Zappfresh to sell raw meat and associated ready-to-eat products, has raised an undisclosed amount in fresh funding mainly from Indian Angel Network investor Ashvin Chadha and a Mumbai-based affluent individual from the hospitality sector. The funding will be utilized to […]
16/08/2016

Ecommerce marketplace Salebhai.com raises INR 10 crore from Brand Capital

Ahmedabad-based curated ecommerce marketplace for sweets, dry fruits and handicrafts, Salebhai , has raised INR 10 crore in funding from Brand Capital. Launched in September 2015 Salebhai is a one-stop ecommerce marketplace for regional products, a list that includes, sweets, namkeen, chocolates, bakery items, spices, dry fruits, beverages, and pickles. […]
15/08/2016

UrbanClap acquires hyperlocal app GoodService

Hyperlocal startup Urban Clap has acquired Delhi-based concierge start-up GoodService. It is currently working on merging the operations. The acquisition is an all-cash deal.
15/08/2016

Qatar Investment Authority may back community workspace startup CoWrks

CoWrks, a community workspace venture, is likely to have raised an undisclosed amount of funds from Qatar Investment Authority. CoWrks, which will start operations soon, has been founded by Sidharth Menda of Bengaluru-headquartered RMZ Corp. The Menda family , owners of RMZ, one of the country’s top four commercial property […]
15/08/2016

Xiaomi eyes Indian mobile technology startups for investments, tie-ups

Smart devices maker Xiaomi Inc is scouting the Indian market to invest in mobile technology start-ups and to forge partnerships with local content creators as part of its strategy to build an ecosystem around its products in the country. The Chinese firm sells smartphones, tablets, fitness bands, power banks and […]
15/08/2016

Myntra buys 51% in Hrithik Roshan’s lifestyle brand HRX

Myntra, the online fashion store owned by Flipkart, acquired a 51% stake in HRX, the lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. Flipkart has also committed further investment in the brand for expansion in categories like inner ware and men’s grooming
15/08/2016

Crofarm raises $1.5 million in seed round

Agritech venture Crofarm has raised seed funding from Mukul Singhal and Rohit Jain, former principals at SAIF Partners, who have backed the company which aims to create a supply chain which links farmers with businesses. The startup  plans to establish presence in tier-2 markets and hope to operate in 10 […]
15/08/2016

Big Data Analytics Startup Cuberoot Technologies Raises $500K Funding

Gurgaon-based Cuberoot Technologies, a data-driven technology company, has raised nearly $500K from undisclosed investors. The funding will be utilized to expand business across the country. The money will further be used for scaling up growth parameters such as expansion of the technology team, enhancing product technology, investing in better infrastructure […]
15/08/2016

Online lingerie brand Buttercups Intimates raises pre-series A round

Online lingerie brand Buttercups Intimates Pvt Ltd  has raised a pre-series A funding from online marketplace Snapdeal’s former chief product officer Anand Chandrasekaran, and its existing angel investors Kanwaljit Singh and Manoj Varghese. The funding will be utilized to expand the product range.
15/08/2016

Kotak Mahindra Bank starts Innovation Lab, open to investing in startups

Private sector lender Kotak Mahindra Bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups. The fourth largest private sector bank has put together a seven-member core team which is working with an equal number […]
15/08/2016

ONGC launches Rs 100 crore start-up fund to ignite new ideas

ONGC has launched an INR 100 crore start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as ‘ONGC Start-up’, is in line with the government’s initiative ‘Start-up India’. The aim of ‘ONGC Start-up’ is to increase […]
15/08/2016

Jewellery marketplace Joolz raises INR 3.3 crore in pre-Series-A round

Mumbai-based jewellery-focused community marketplace Joolz has raised (about $500,00 in a pre-Series-A round led by two prominent early-stage venture capital firms, Silicon Valley-based Powerhouse Ventures and Japan’s M&S Partners. The funding will be utilized for operations, products, marketing and hiring.
12/08/2016

Courier service Pigeon Express in talks to acquire GoJavas

Courier service provider Pigeon Express Pvt Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt Ltd), which suspended operations last week amid an organisational overhaul, in a cash and stock deal.
12/08/2016

Thermax to invest $900k more in First Energy

Thermax Ltd plans to made an additional investment of up to Rs 6 crore ($900,000) in First Energy Pvt Ltd , alternative energy solutions company in which it had acquired 33 per cent stake last year. First Energy’s brand Oorja, a combination of a ‘micro- gasification’ stove and biomass-based pellet […]
12/08/2016

Milestone Capital Advisors raising $210m commercial real estate fund

Milestone Capital Advisors Ltd is raising its third commercial real estate private equity fund of almost INR 1,400 crore ($209 million). Funds are being raised from both domestic and overseas investors, with Milestone expecting overseas investors, including non-resident Indians (NRIs) and institutional investors, to contribute around Rs.500 crore ($74.8 million) […]
12/08/2016

Sillicon Valley company, Innovaccer has raised $15.6 million funds

Silicon Valley-based big data startup Innovaccer has raised Series A funding led by Westbridge Capital Partners. Innovaccer helps large enterprises access and manage organisational data through dashboards using its flagship product Datashop. The funding will be utilized to further strengthen the product.
12/08/2016

PropTiger acquires virtual reality startup 3DPhy

Online real estate advisor PropTiger has acquired Gurgaon-based startup virtual and augmented reality & 3D visualisations startup 3DPhy. With this acquisition, PropTiger aims to advance its technological platform to further enhance its hi-tech marketing solutions for developers.
12/08/2016

Co-working space provider 91springboard raises funds from Khattar Holdings, others

Delhi-based 91springboard, a firm that provides co-working spaces to startups has raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments and others. The funding will be utilized to expand operations and build technological capabilities.
12/08/2016

Online P2P lending platform Faircent raises $1.5 Million from Brand Capital

Online peer-to-peer (P2P) lending platform Faircent, operated by Gurgaon-based Fairassets Technologies India Pvt Ltd, has raised funding from Brand Capital, the ad-for-equity investment arm of Bennett Coleman & Co (BCCL). The funding will be utilized to buy inventory in radio, TV, online and print properties of the Times of India […]
11/08/2016

Auto maintenance marketplace Zonnett to raise Series A funding

Car maintenance marketplace Zonnett is in advanced talks with several high-profile investors to raise its Series A round of funding. The funding will be utilized for  geographic expansion and new product development. The company plans to expand its footprint to five cities including Delhi-NCR, Bangalore, Hyderabad, Chennai and Ahmedabad.
Top