06/01/2017

Supply chain solutions company LEAP raises $ 13 Million from multiple investors

Mumbai based supply chain solutions company LEAP India Pvt Ltd has raised a Series B round of financing from new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures. Founded in 2013, LEAP provides returnable packaging and pooling of equipment. The company caters to Indian companies and MNC clients in […]
06/01/2017

Apple to invest $1 Billion in SoftBank fund to support tech

Apple Inc is planning to invest $1 billion in SoftBank Group Corp’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc also said it will participate in the fund, but the […]
06/01/2017

Chinese VC firm Shunwei Capital set to enter Indian market with $2 Million investment in gaming company Mech Mocha

Chinese venture capital firm Shunwei Capital is set to make its debut investment in India by putting in $2 million in gaming startup Mech Mocha. Bengaluru-based Mech Mocha focuses on creating games with an Indian cultural context and is targeting segments ranging from children to housewives.
06/01/2017

SoftBank’s India Vision gets new $100 Billion tech-focussed Fund

SoftBank Vision Fund, the largest pool of private capital ever assembled, will now be the primary investment vehicle for the deal-hungry Japanese investor in India. All new SoftBank investments will be made from the new $100-billion technology-focused fund, which has received capital commitments from some of the world’s biggest companies, […]
06/01/2017

Software products firm Zoho invests $10 million in five startups

Software products firm Zoho has invested nearly $10 million in five startups, including machine-vision company Zentron Labs and medical devices maker vTitan, to help the founders during the research and development phase. Zoho, which builds products for enterprise data management and integration, will find complementing value in these investments.
06/01/2017

Dental care startup MobiDent raises funding from New York-based DanGold Investment

Bangalore-based dental care startup MobiDent has raised an undisclosed amount in pre-Series A funding from New York-based DanGold Investment Corp. The funding will be utilized to introduce its home dental services in 12 new markets, including metros and mini metros. In addition, it will significantly invest in expanding its team, […]
05/01/2017

Lodha Group launches startup investment fund for realty, smart city technologies

Realty developers Lodha Group has launched its maiden investment fund with an initial investment corpus of INR 50 crores to provide angel funding or venture capital along with business opportunities, industry contacts and mentor support  for startups focused on smart city solutions and overall real estate sector.
05/01/2017

Freshdesk acquires SaaS company Pipemonk

Freshdesk, a cloud-based customer service software provider, acquired Pipemonk, a data integration platform that works on the software-as-a-service model and allows companies to synchronise and move data among multiple cloud apps quickly and easily. The Pipemonk team will enhance Freshdesk’s capabilities to integrate within Freshdesk products as well as external […]
05/01/2017

Medical devices firm Yostra Labs raises funding from Marico foundation, Villgro

Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro. Founded in 2014 the firm manufactures devices to treat diabetes-related complications. Sparsh is used to diagnose diabetic peripheral neuropathy (permanent damage to the nerves in […]
04/01/2017

Venture debt firm InnoVen Capital forms syndicate to help fund cash-starved startups

In order to streamline the process of seeking traditional debt, Temasek-backed venture debt firm InnoVen Capital has formed a syndicate of banks and non-banking financial companies (NBFCs) including IndusInd, RBL Bank, Standard Chartered, Tata Capital and SIDBI to extend credit to its clients.
04/01/2017

Fashion app Fynd raises funding from Ex-Snapdeal exec Anand Chandrasekaran, others

Mumbai based fashion portal Fynd, run by Shopsense Technologies Pvt Ltd, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran. Rajiv Mehta, chief executive of Arvind SportsLifestyle and Ramakant Sharma, co-founder of Livspace, also participated in the round. Founded in 2013 the startup sources products directly from […]
04/01/2017

Angel investors back car services marketplace VOW CarClinic

Gurgaon-based GreyHair Ventures Pvt Ltd, which runs car servicing and repair startup VOW CarClinic, has raised an undisclosed amount of angel funding from Vishal Malik, founder and director of IT services firm Gemini Solutions and a group of Indian Institute of Technology (IIT), Delhi alumni. Founded in early 2016 the […]
04/01/2017

IoT and SaaS startup TempoGO raises funding from Hong Kong-based K2 Investments

TempoGO, an IoT and SaaS-based solutions provider for commercial transportation, has raised $825,000 in its seed round led by Hong Kong-based K2 Investments and a few high profile investment bankers. The funding will be utilized for upgradation of technology and hiring more professionals.
04/01/2017

Ed tech co Learntron raises early-stage funding from Kae Capital

Learntron, a learning-productivity tech startup, raised an undisclosed amount from Kae Capital, a venture capital firm that focuses on seed-stage investment. The Chennai-based startup’s customers include companies and educational institutions.
03/01/2017

Impact investor Aavishkaar to raise $150 Million Africa fund

Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa. AVMS is part of the Intellecap-Aavishkaar group, which includes other entities such as Intellecap, which offers investment banking, consulting and other services for the impact investment space.
03/01/2017

Trifecta Capital targets final close of $73.5 Million fund, to invest $11 Million by April

Trifecta Capital Advisors, is gearing up for an active year as it aims to make the final close of its latest fund. The venture debt firm had earlier targeted to close its fund in late 2016 after it announced the first close of its fund in September 2015 at INR […]
03/01/2017

TaxSutra raises INR 2.5 Crore funding from Former Infosys CFOs

Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Founded in 2011 TaxSutra runs online subscription-based portals on direct tax, indirect tax, transfer pricing […]
02/01/2017

pi Ventures to invest INR 200 crore in AI-focussed startups

pi Ventures has raised money from Bhupen Shah, ex-cofounder of Sling Media and Jungle Ventures; Sanjeev Bhikhchandani. The fund has a target corpus of $30 million (approximately INR 200 crore) and will invest in the early stages of an AI-focussed startups.
30/12/2016

instantPay raises funding in Pre-Series A round

Digital payments and financial services company instantPay has raised funding in the range of $3-5 million (INR 20-34 crore) from Singapore-based investors RB Investments and Kaleden Holdings.The funding, which is part of a preseries A round, will be utilized for the development of new products and geographical expansion across the […]
30/12/2016

Fintech startup LetsMD raises funding from WaterBridge Ventures

LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures. Calcutta Angels Network (CAN), LetsVentures, Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund were the other investors who had participated in this round last […]
29/12/2016

Liquid Hub acquires global data management firm Annik

Liquid Hub, a customer engagement company, has acquired Gurgaon-based global data management and analytics solutions firm Annik Technology Services Pvt Ltd for an undisclosed amount. The transaction will be consummated in two tranches. The acquisition will help Liquid Hub to expand its geographical reach in high-tech markets as Annik has […]
29/12/2016

CoCreate Ventures raises INR 15-crore fund to help startups in need

CoCreate Ventures, a new investment firm focused on startups which are struggling, has raised a INR 15-crore fund from high networth individuals. The firm, cofounded by TeliBrahma founder Suresh Narasimha and former partner at Ojas Ventures Pavan Krishnamurthy has made its first investment in library chain JustBooks to help the […]
29/12/2016

Fitness app HealthifyMe raises $1 Million from Dubai investor

Fitness app HealthifyMe has raised $1 million from Dubai-based investor Neelesh Bhatnagar. Founded in 2012 HealthifyMe claims to be the first app to introduce calorie tracking of Indian dishes. The company delivers measurable results on eating habits, fitness, and weight.
28/12/2016

Ashok Trivedi floats $500 Million corpus – establishes family office for investing in early-stage tech startups

Ashok Trivedi, co-founder of Igate has floated the Trivedi Family Office, which  will have a corpus of over $500 million that will be infused into a diversified portfolio where a large portion of the funds will be used in early-stage tech companies.
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