13/01/2017

Fintech platform Loan Frame raises INR 15 Crore in seed round

Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of INR 15 crore from a clutch of investors. The Singapore-headquartered fin-tech startup provides a marketplace platform to lenders and SMEs, facilitating both secured and unsecured loans for the later, ranging from INR 5 lakh- […]
13/01/2017

Edtech startup Unacademy raises INR 30 Crore in Series A funding

Online learning platform Unacademy has raised INR 30 Crore in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. The funding will be utilized to expand the content portfolio, onboard educators on the platform, hire talent, and improve user experience.
13/01/2017

Gadget repair service startup iService raises INR 3 crore in seed funding

Electronic gadget repair service startup iService has raised INR 3 Crore in a seed funding round led by Blume Ventures along with angel investors such as Freshdesk co-founder Girish Mathrubootham, TaxiFor Sure cofounder Aprameya Radhakrishna, Tapzo CEO Ankur Singla, former Flipkart executive Mekin Maheshwari and Belong Cofounder Vijay Sharma. Started […]
13/01/2017

Cloud-based startup SecurAX raises funding

Bengaluru-based SecurAX, a cloud-based biometric workforce tracking solutions provider, has raised an undisclosed funding from Axilor, Parampara Early Stage Opportunities Fund and a group of angel investors. The funding will be utilized to enhance technology offerings, expand customer base and scale up operations across India and the Middle East.
13/01/2017

Training simulator maker Skillveri raises Series A round led by MSDF

Skillveri Training Solutions Pvt Ltd, a Chennai-based training simulator maker, has raised INR 8 crore in its Series A round of funding led by global philanthropic organisation Michael and Susan Dell Foundation. The funding will be utilized to diversify into six new regions and four new segments including painting, paramedical […]
13/01/2017

Logistics solutions provider Roambee raises $4.1 Million from Deutsche Telekom’s venture fund, others

Mumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised funding its a Series B round. Germany’s Deutsche Telekom Strategic Investments led the round with a $3.1-million infusion while the rest of the money came from a group of angel investors in Silicon […]
12/01/2017

O2O real estate transaction player Square Yards raises $10 million in debt-part equity round

Online-to-offline (O2O) real estate transaction player Square Yards has raised $10 million in a part debt-part equity round from a clutch of high net worth individuals, including global beauty brand L’Occitane CEO Andre Hoffman and the family office of Kanpur-based Lohia Group. The three-year-old company is looking to accelerate its […]
12/01/2017

Ixigo buys Rebright and Sol Primero-backed music discovery app Reach

Travel search engine ixigo has acqui-hired mobile content sharing app Reach. The Reach app allowed users to discover music, apps and free games from their friends’ network. It enabled users to send requests and get permission to access friends’ mobile collection to listen to music selected by them for free […]
11/01/2017

Stylflip receives credits worth $40,000 from Facebook’s FbStart Program

StylFlip, a marketplace for pre-owned fashion has received credits worth $40,000 from Facebook as part of its FbStart Program. The credits received will be used by StylFlip to avail various tools and services from Facebook to further build and market the StylFlip platform to their target audiences. StylFlip also gets […]
11/01/2017

Deals platform PaisaWapas raises undisclosed round of angel funding

PaisaWapas an ecommerce deals platform aimed primarily at students has raised an undisclosed amount of angel funding from Vividhity Ventures, a group of IIT BHU alumni and senior Infosys and Dell executives. Set up in April 2015, Paisawapas claims to have two lakh monthly visitors and said it generates Rs […]
11/01/2017

Mobile app management platform Hansel.io raises $1.35 Million from IDG Ventures

Bengaluru-based Hansel Software Pvt Ltd, which operates real-time mobile app management platform Hansel has raised funding in a round led by IDG Ventures.The funding will be utilized for developing cross-platform capabilities, hiring and expanding presence in the North American market.
11/01/2017

Housing.com and PropTiger merge in an all-stock deal, raise $55 million in fresh capital

News Corp-backed real estate website PropTiger has merged with Housing in an all-stock deal.  As part of the deal, the combined entity will raise $50 million from News Corp-owned online real estate advertising company REA Group and another $5 million from Japan’s SoftBank, the primary investor in Housing.com.
11/01/2017

Driving school aggregator Drivekool raises funding from US based Aavya Ventures

Bangalore-based online marketplace for driving schools, Drivekool, has raised an undisclosed amount in angel funding from US-based Aavya Ventures. The funding will be utilized to expand operations to new cities in Maharashtra.
11/01/2017

Fintech firm Loan Frame raises $2.25 Million in seed funding led by Vedanta Capital

Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised seed funding led by Parag Saxena of Vedanta Capital. Loan Frame provides a range of products to small and medium-sized businesses (SMBs), including secured and unsecured loans worth Rs 5 lakh-50 crore.
11/01/2017

Medinfi Healthcare raises $100K more from angel investors

Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 ( INR 68 lakh) in its sixth round of angel funding. The funding will be utilized to expand the user base to 50 cities in India.
10/01/2017

InstaOffice raises funding from investors led by Globevestor

InstaOffice, a start-up that offers managed office space on a sharing basis, has raised an undisclosed pre-Series A round led by Globevestor, a California, US-based venture capital firm. The funding will be utilized to take over more properties, expand the workforce and conduct customer-centric events.
10/01/2017

E-security start-up Securens gets funding from Mayfield, Trifecta

Electronic surveillance technology firm Securens Systems Pvt Ltd has raised a little over $5 million (INR 35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital.Founded in 2011, the company provides technology-based security solutions. Its chief e-surveillance product, ActiDETER, prevents crimes through use of video […]
10/01/2017

Fashion marketplace Coutloot acquires competitor Once Again Store

Coutloot (MJVS Fashion Services Pvt Ltd), an online platform that sells pre-owned fashion, has acquired Bangalore-based competitor Once Again Store (Stororo Services Pvt Ltd) for an undisclosed amount in an all-stock deal. Founded in 2015 Coutloot either collects the product from the seller after an order is placed, charging the […]
10/01/2017

3D printing startup Supercraft3D raises $1 Million funding

Supercraft3D, an additive manufacturing (3D printing) startup focused on healthcare and medical applications, has raised $1 million from Flipkart cofounder Binny Bansal and four other angel investors. The company offers patient-specific visualisation solutions that help hospitals, doctors and academicians get a perspective about the anatomy, among other services.
10/01/2017

BlackSoil Capital backs Intelligence Node in its third venture debt deal

New Enterprise Associates (NEA) and Orios Venture Partners-backed retail analytics provider Intelligence Node Consulting Pvt Ltd has raised INR 5 crore from BlackSoil Capital Pvt Ltd, a Mumbai-based specialized non-banking financial company (NBFC). Intelligence Node is also backed by angel investors such as Gaurav Sharma, Sunil Varrier, Arindam Das, Anupam […]
10/01/2017

YourNest-backed GolfLAN makes second acquires competitor GolfGreedy

Delhi-based golf course aggregator GolfLAN has acquired its Singapore-based competitor GolfGreedy in a part-cash, part-stock deal. Following the GolfGreedy deal, the number of golf courses on the GolfLAN platform will rise to 1,200 across 40 Asian nations, it claimed. Club operators registered with GolfGreedy will be able to use GolfLAN’s […]
09/01/2017

Lenskart raises INR 24 crore more from Ronnie Screwvala

Unilazer Ventures founder Ronnie Screwvala has pumped in an additional Rs 24 crore in online eyewear solutions company Lenskart Solutions. The latest secondary transaction in Lenskart brings Unilazer’s cumulative investment in the six-year-old company to about INR 100 crore, and was closed at a valuation close to INR 2,000 crore, […]
09/01/2017

First student startup fund has INR 200 Crore

Gujarat government has come up with India’s first student startup and innovation policy, which aims to provide INR 200 crore in the form of grants to ideas developed by them. The policy aims to support over 1,000 innovation per year and create pre-incubation support in all universities of the state.
09/01/2017

InnoVen Capital closes deals worth INR 110 Crore in Q3; Targets disbursals of $75 million-$80 million CY 2017

Venture debt firm InnoVen Capital closed deals worth INR 110 crore at the end of third quarter of the current fiscal. The Temasek-backed specialty finance firm has backed 13 startups for the October to December quarter, a list that includes food ordering and delivery service Swiggy, online insurance provider Coverfox, […]
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