07/02/2017

Hyderabad-based Sathguru to start $100 million fund for food, agriculture startups

Hyderabad-based consulting organisation Sathguru Management Consultants is raising $100 million to start an Innovation in Food and Agriculture Fund (IFAF) that will be managed by their fund management company Sathguru Catalyser Advisors. They plan to invest approximately $8 million each in 8 to 12 companies for a significant minority stake. […]
07/02/2017

TravelTriangle raises $10 million in fresh round of funding in Series B led by Singapore’s RB Investments

TravelTriangle, an online marketplace for discovering travel agents, has raised $10 million, or about INR 67 crore in a fresh round of funding led by Singapore-based venture capital firm RB Investments. The company plans to use the proceeds from the latest funding round to further build on its offerings to […]
07/02/2017

Hotel solutions provider iManageMyHotel raises funding from Jaarvis Accelerator

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator.The money will be used to expand our presence in more cities, including Delhi-NCR, Bangalore, and Mumbai.
06/02/2017

Fintech Startup SlicePay Acquires P2P Lending Platform Trustio

Micro-lending startup SlicePay has acquired Delhi-based P2P lending platform Trustio in an all equity deal.With this acquisition, SlicePay aims to strengthen its team, product capabilities, and the overall infrastructure of the company.
06/02/2017

Investment firm Stellaris raises $50 million for early-stage funding of ideas

Software major Infosys and the country’s top lender to small businesses, Sidbi, are among investors that have helped Stellaris Venture Partners, an early-stage investment firm based in technology hotspots Bengaluru and Gurgaon, raise $50 million the bulk of which would be deployed in Series-A funding of ideas.
06/02/2017

Digital lending firm Zen Lefin raises INR 17 crore from IFMR

Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised INR 17 crore from IFMR Capital Finance.The NCD raise will be used for strengthening our lending books which will enable firm to fulfill the working capital requirements of SMEs; for both repeat borrowers […]
03/02/2017

Alibaba plans formal entry into Indian marketplace with fresh funding of INR 1,700 crore in Paytm

Alibaba, the world’s largest ecommerce company, is leading an investment round of between INR 1,350 crore and Rs 1,700 crore in the online retail marketplace of Paytm. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal which is expected to value the […]
03/02/2017

Curated platform for developers Stockroom.Io raises Pre-Series funding

Hyderabad-based Stockroom, a curated platform for developers has raised an undisclosed amount of funding in Pre-Series A round from Satya D Sinha and Gyanendra Singh, the founders of MANCER Consulting. The funding will be utilized to focus on building SAAS platform based on candidate recommendation system and predictive analytics.
03/02/2017

Former Infosys exec invests in B2B sales assistant Clodura

Pune-based automated lead generation startup Clodura Systems Pvt Ltd has raised an undisclosed amount of investment from a high-net-worth individual (HNI) Ajay Dubey, an IIT Kanpur alumnus. The funding will be utilized for product development, sales and marketing.
03/02/2017

Blume Ventures-backed fintech firm SlicePay buys rival Trustio

Blume Ventures-backed digital payment platform for college students SlicePay has acquired Trustio, a New Delhi-based peer-to-peer lending company, in an all equity deal. The acquisition will help SlicePay expand its team and enhance its product capability.
02/02/2017

Ed-tech startup Notesgen raises additional funding from GHV, existing investors

Delhi-based Notesgen Technologies Pvt Ltd, which runs peer-to-peer ed-tech startup Notesgen, has raised an additional INR 1 crore ($148,000) in angel funding from GHV accelerator and existing angel investors. The funding will be utilized to enhance technology and grow user base.
01/02/2017

Woo acquires US dating app Dus

Gurugram-headquartered dating app Woo has acquired Dus, a Los Angeles-based dating app in an all-cash deal for an undisclosed amount. Dus will merge with Woo in terms of brand identity and will focus on targeting Indians in America.
01/02/2017

CureFit acquires majority stake in Tribe Fitness

CureFit has acquired a majority stake in Tribe Fitness Club for an undisclosed amount. Tribe Fitness is a chain of fitness centres that provides training without using machines.
01/02/2017

HNIs invest in pet products portal Heads Up For Tails

Delhi-based luxury pet products portal Heads Up For Tails (HUFT) has raised $2 million from a group of high net worth individuals (HNIs) in a pre-series A round of funding. The portal has a catalogue of fashionable products for dogs and cats, with a focus on design and customisation.
01/02/2017

Register My Marriage raises seed funding from Mumbai Angels

Delhi-based marriage registration portal RegisterMyMarriage has raised an undisclosed amount of funding from angel investor network Mumbai Angels in a seed round. The funding will be utilized to expand its registration services to wills, divorces, birth certificates, income certificates, etc.
31/01/2017

OneLoyalCard acqui-hires real-time restaurant deal provider Pocketin

Noida-based Pocketin, a real-time restaurant deal startup, has been acqui-hired by online restaurant reservation portal, OneLoyalCard. Pocketin’s entire team along with its co-founders will join OneLoyalCard. The move is aimed at strengthening latter’s technology and expansion plans across India. OneLoyalCard plans to expand in six cities by the end of […]
30/01/2017

IDG Ventures India closes INR 1,360 Crore fund

IDG Ventures India, which counts Ratan Tata and Infosys cofounder Kris Gopalakrishnan as its advisors, is about to close its third country-focused fund of $200 million (INR 1,360 crore) in a fund-raising that may attract World Bank arm International Finance Corp (IFC).IFC is looking to invest about $20 million in […]
30/01/2017

MyDidi acquires TimeMyTask, merged entity valued at $15 million

On-demand cleaning services provider MyDidi has acquired peer TimeMyTask in an all-stock deal. The Mumbai-based company will absorb all the employees and the technology stack of TimeMyTask through this deal, which values the merged entity at $10-15 million.
30/01/2017

Healthcare startup Yolo Health raises INR 1.6 Crore from Chandigarh Angels Network

Chandigarh Angels Network has invested $235,000 in Mumbai-based healthcare startup Yolo Health. Yolo Health, run by Health ATM India Pvt Ltd, provides a walk-in kiosk with medical devices and staffed by a medical attendant. The focus will to to strength the existing product and technology capabilities to deliver better virtual […]
26/01/2017

AP launches INR 100 Crore fund of funds to prop fintech startups

Having identified fintech as a promising space to generate jobs, Andhra Pradesh announced a INR 100 crore fund of funds to invest in startups in this area. INR 100 crore will be put in initially for a fund of funds which will be managed professionally by a venture capital firm to […]
26/01/2017

Gaming startup 99Games raises funding from Japanese investment firm Dream Incubator, others

Japanese investment firm Dream Incubator which has made its debut investment in India, has led an undisclosed funding round in Udupi-based gaming startup 99Games, accompanied by existing investors Kalaari Capital and Ascent Capital. The funding will be utilized for user acquisition purposes for global games and to build games for the […]
26/01/2017

Healthcare platform Airmed raises INR 10 Crore from Brand Capital

Airmed Path Labs, a home-service health-test platform, has raised about INR 10 crore from Bennet, Coleman and Co Ltd’s (BCCL) investment arm Brand Capital to help fund its expansion and strengthen its brand. The funding will be utilized to increase brand salience and brand awareness to widen customer base and […]
26/01/2017

Impact investor Aavishkaar-Intellecap Group raises $25 Million

Impact investment firm Aavishkaar-Intellecap Group has raised $25 million (about INR 170 crore) in an equity funding round led by Triodos Investment Management and Shell Foundation. The capital will be utilized to consolidate and expand its bouquet of ecosystem building businesses. 
26/01/2017

Nudge Foundation to invest $7.3 Million via incubator for non-profit startups

Nudge Foundation, which is backed by Infosys co-founder Nandan Nilekani, Tata Trusts and other industry heavyweights, has launched N/Core, an incubator for non-profit startups working towards poverty alleviation.  Through N/Core, Nudge will invest more than INR 50 crore over the next five years to incubate and support over 100 non-profit […]
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