20/02/2017

VR startup Imaginate raises $500K from SRI Capital

Imaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised $500,000 in seed investment from venture fund SRI Capital. The funding will be utilized to scale up operations in the US and run pilots with large-scale organisations.
20/02/2017

Urban Ladder raises $15 Million from Kalaari, SAIF and others

Bangalore-based Urban Ladder Home Décor Solutions Pvt Ltd, which runs online furniture store Urban Ladder, has raised close to INR 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Steadview Capital and Sequoia […]
20/02/2017

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 from a clutch of investors. The company, run by Kenrise Media Pvt. Ltd, claims to have broken even within two weeks of its operations. The Ken’s revenue streams include subscriptions as well as brand partnerships.
17/02/2017

YourStory raises $3 Million in fresh funding

Bengaluru-based digital media company YourStory Media Pvt Ltd, which runs YourStory has raised $3 million (about INR 20 crore) in a fresh round of funding. Existing investors Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ONE4 Capital Advisors LLP and UC-RNT Fund took part in this round.
17/02/2017

Personal assistant app Tapzo raises funding from RB Investments

Coraza Technologies Pvt Ltd, which operates personal assistance app Tapzo, has raised an undisclosed amount of funding from Singapore-based RB Investments. The Bangalore-headquartered startup was started as Akosha in 2010 with a vision to build a platform to help consumers getting their customer service issue resolved.
17/02/2017

Skype co-founder’s VC firm Atomico raises $765 Million tech fund

Atomico, which has spent the past decade proving startups can prosper outside Silicon Valley,has closed Europe’s largest standalone tech venture fund, a $765 million war chest that reflects the region’s growing financing firepower. The London-based venture firm started by Skype co-founder Niklas Zennstrom has invested in around 60 firms since […]
16/02/2017

Dating app Aisle raises funding from CIO Angel Network, others

Aisle, a Bangalore-based online match-making app, has raised an angel funding led by CIO Angel Network. Founded in 2014 Aisle is a members-only online singles community that aims to tread the middle path between traditional matrimony websites and casual dating applications.
16/02/2017

Japan’s SoftBank to acquire Fortress Investment Group for $3.3 billion

SoftBank Group is buying alternative-asset manager Fortress Investment Group LLC to operate alongside the Japanese company’s soon-to-be-established technology investment fund. The Fortress deal will be separate from that vehicle and is aimed at bringing investment talent inhouse.
16/02/2017

Online marketplace for used cars Truebil raises INR 20 crore from Shunwei Capital

Online marketplace for used cars Truebil has raised $3 million (around INR 20 crore) in a follow on series-A round from Chinese venture capital firm Shunwei Capital. With this infusion from Shunwei Capital, whose backers include Xiaomi founder Lei Jun, the total capital raised by the firm so far stands […]
16/02/2017

Integrated art venture Insignia Art Collect raises INR 3.5 Crore from DSG Consumer Partners

Deepak Shahdadpuri-led DSG Consumer Partners has invested in Mumbai-based integrated art venture, Insignia Art Collect. The startup aims to sell art created by upcoming artists at affordable prices. Its flagship brand, BestCollegeArt, sells art globally through its online platform as well as through its offline gallery space in Delhi.
15/02/2017

Fintech co ZestMoney raises $6.5 Million in Series A led by Naspers-owned PayU

Bengaluru-based fintech company ZestMoney has raised Series A funding led by Naspers-owned PayU. Existing investors, US-based Ribbit Capital and Omidyar Network, also participated in the round along with individual investors. The funding will be utlized for technology and product development.
15/02/2017

WestBridge-backed Nazara Games to invest $20 Million in eSports league

Nazara Technologies Pvt Ltd, which operates mobile gaming firm Nazara Games, has launched an eSports league in India, for which it would invest roughly $20 million (INR 136 crore) over the next five years. eSports is a type of spectator sport with multi-player video game tournaments, especially among professional gamers.
15/02/2017

CIIE’s Bharat Innovation Fund gets SEBI nod to operate as Venture Capital Fund

Securities and Exchange Board of India (SEBI) has given approval to Bharat Innovation Fund to operate as a Venture Capital Fund. The company has secured Category – I Venture Capital Fund status from SEBI, to run their business. According to the norms, Category-I funds also get incentives from the government […]
15/02/2017

BookMyShow acquires 75% stake in Townscript

Mumbai-based entertainment ticketing portal BookMyShow has acquired a 75% stake in Pune-based DIY (do it yourself) event registration and ticketing platform Townscript in an undisclosed all cash deal. Townscript which has already provided its services to over 12,000 events across India, including smaller cities like Ludhiana and Jaipur focuses on the […]
15/02/2017

Coworking startup Innov8 raises an undisclosed amount from angel investors

Coworking space provider Innov8 has raised an undisclosed amount in an angel round enabled by LetsVenture and Venture Catalysts. The round saw investments by prominent angel investors such as Vijay Shekhar Sharma of Paytm, Rajan Anandan of Google, Kunal Shah of FreeCharge, Girish Mathrubootham of Freshdesk and Anand Chandrasekeran of […]
15/02/2017

Sminq acquires software service provider CodePandora

Pune-headquartered queue management startup Sminq has acquired CodePandora, a UX focused software services firm. The deal is believed to be in multiples of few million rupees, with majority being equity.
14/02/2017

Online payments platform OMA Emirates acquires mPoS solutions provider MobiSwipe

UAE-based payments solutions provider OMA Emirates has acquired fintech startup MobiSwipe Technologies Pvt Ltd for an undisclosed amount. With this acquisition, OMA Emirates aims to scale its services and portfolio in the Middle East, Eastern Europe, and the APAC regions.
14/02/2017

Laundry services provider Wassup raises $3.2 Million from Refex Energy’s MD Anil Jain, others

Chennai-based on-demand laundry services startup Wassup has raised its Pre-Series A round from existing investors which includes Anil Jain (MD at Refex Energy), HNIs from India and the Middle East. The funding will be utilized for expansion and to build a stronger management team.
14/02/2017

Fintech startup Better Mortgage raises $15 Million Series B funding

Gurugram and New York-based fintech startup Better Mortgage has raised $15 million in a Series B funding from Kleiner Perkins, Goldman Sachs, and Pine Brook. The funding will be utilized to support the launch and expansion of Better’s home purchase finance product.
14/02/2017

Unicorn India to close $15 Million maiden fund by March-April

Unicorn India Ventures, a Mumbai-based early stage technology-focused venture fund, is expecting to close its maiden fund Unicorn Venture Fund – I with a corpus of INR 100 crore ($15 million) by March-April 2017. Founded in 2015 Unicorn India plans to invest in IoT and fintech startups.
14/02/2017

Expense management platform Fyle Technologies raises INR2.7 Crore in a seed round

Fyle Technologies, a computer vision-enabled expense management platform for enterprises, has raised $400,000, in a seed funding round led by early-stage fund Pravega Ventures. The funding will be utilized to expand business outreach to large and mid-size enterprises in the country.
14/02/2017

JLL India invests in NCR-based startup Cloud1 Enterprises

Property consultant JLL India’s arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. Cloud1 offers a managed services model to its clients via a telematics-enabled employee transport platform seamlessly integrated into the vehicle.
14/02/2017

Chatbot NearGroup selected for FbStart

NearGroup has been selected by social networking giant Facebook Inc for its FbStart programme and will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, Dropbox and MailChimp. Besides, it will get free access to more than 25 services, including open source tools like React Native, […]
14/02/2017

US-based Draper Venture Network and Blume Ventures form strategic alliance

Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. The alliance will give Blume Ventures’ portfolio companies access to a global network of corporate and ecosystem relationships.
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