06/11/2016

Angel investors to invest INR 2 Crore in education start-up Stones2Milestones

A clutch of angel investors has committed to invest INR 2 crore in the education start-up Stones2Milestones (S2M) which is aimed at creating reading habit among school going children in the age group of 3-9 years.
06/11/2016

Online B2B marketplace Bizongo raises $3 Million from Accel, IDG Ventures

Bizongo, an online B2B marketplace, has raised $3 million from existing investor Accel Partners as well as IDG Ventures in a Series-A round. The funding will be utilized to expand seller base and build tech capabilities and products.
06/11/2016

INR 50 Crore OIL Start-Up fund for new ideas in oil & gas sector

Oil India Limited (OIL) has set up an OIL Start-Up fund of INR50 Crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The government-run company also plans to create a dedicated website for its Start-Up initiative, inviting applications with […]
04/11/2016

VR game studio Xanadu raises funding from RedCliffe Capital

Venture capital firm RedCliffe Capital has invested an undisclosed amount in a Seed round in Xanadu Heights (XH), a VR game studio based out of San Francisco. The funding will be utilized to build and launch the game’s first chapter later this year. The game is being developed ground up […]
04/11/2016

The Gourmet Jar raises funding from Chandigarh Angels Network

New Delhi-based Apeksha Gourmet Jar Pvt Ltd, which operates The Gourmet Jar, has raised an undisclosed amount in seed funding from Chandigarh Angels Network (CAN).The funding will be utilized to build team, scale operations and add global customers. It will also be used for marketing and brand building. Founded in […]
03/11/2016

Immunisation management platform vImmune picked for FbStart, raises angel funding

Bangalore and Dallas based AsepsisLife Inc’s immunisation management platform vImmune has been selected for Facebook’s FbStart programme, which is designed to help early-stage mobile startups build and grow their apps. The startup has also raised an undisclosed amount in angel investment from a radiologist certified by The American Board of […]
03/11/2016

Autombile startup BookMyTime acquihires Servicemykar.com

Car purchase and servicing platform BookMyTime has acqui-hired car management startup Servicemykar. BookMyTime is an end-to-end mobile-based platform connecting automobile owners with car dealers and service providers.
03/11/2016

Restaurant chain Sattviko raises funding

Healthy-dining restaurant chain Sattviko has raised an undisclosed amount of angel investment from a clutch of investors led by Raman Roy, founder of Quattro Global Services. The funding will be utilized for expansion of the company’s ethnic packaged food products business.
03/11/2016

E-commerce logistics firm Connect India raises funding

Connect India, which claims to be building a last-mile network of distribution points for e-commerce firms across the country, has raised fresh funding from one of its existing investors. Launched in 2014, the company is offering its logistics services to 13 states across the country.
03/11/2016

Human resources technology startup DoSelect raises funding from 3one4 Capital, Mumbai Angels

Human resources technology startup DoSelect has raised $490,000 in its seed round of funding from TV Mohandas Pai’s family fund 3one4 Capital and Mumbai Angels. Bangalore-based DoSelect, which is run by Axilly Labs Pvt. Ltd, is a collaborative platform that helps organisations hire technical talent. The platform provides tools such […]
03/11/2016

AI startup Corseco raises INR 1 Crore from Metropolis Healthcare’s Ameera Shah, iProspect CEO

New Delhi-based Corseco Technologies Pvt Ltd, the company which runs and operates Corseco, which provides AI-based Software as a Service (SaaS) solutions to other businesses has raised $150,000 (Rs 1 Crore) in funding from Ameera Shah, managing director and CEO, Metropolis Healthcare Limited, and Vivek Bhargava, CEO, iProspect India for […]
03/11/2016

Healthcare comparison platform LetsMD raises funding from CAN, LetsVenture, others

A clutch of investors including Calcutta Angels Network, LetsVenture, Anupam Mittal and Currae Healthtech Fund have picked up close to 25% stake in Delhi-based LetsMD for an undisclosed amount. Founded in December 2015, LetsMD addresses the discovery, transparency and affordability problem in healthcare through a marketplace-based approach.
03/11/2016

Online insurance player EasyPolicy raises INR 67 Crore from Screwvala, Burmans

Unilazer Ventures, the private investment firm set up by Ronnie Screwvala, and the Burman family office, created by the promoters of domestic FMCG giant Dabur, are infusing fresh capital in their portfolio company, online insurance player EasyPolicy. The funding will be utilized to establish and strengthen distribution system across the […]
03/11/2016

SaaS startup Zarget raises $ 6 Million from Sequoia,others

Zarget, a startup that provides various web optimization solutions as software as a service (SaaS) to enterprises, has raised $6 million (about INR 40 crore) in a round of funding led by venture capital firm Sequoia India. The funding will be utilized to scale marketing automation products and help small […]
02/11/2016

Property brokers network BroEx acquires realty tech startup REXPROP

BroEx, a mobile-based property brokers network, has acquired real estate technology startup REXPROP for an undisclosed amount to expand business and provide better products to its clients. Gurgaon-based REXPROP or ‘Real Estate Property Exchange’ is a startup which offers solutions such as inventory distribution, broker to broker listings and CRM […]
02/11/2016

Laundry services startup PickMyLaundry raises $200K in pre-Series A funding

Mobile-based laundry services startup PickMyLaundry has raised $200,000  in the first tranche of its pre-Series A funding round led by angel investor Kedar Lele. Existing investor GHV Accelerator also participated in this round by investing $100,000. The funding will be utilized to expand services in the entire NCR (National Capital […]
02/11/2016

Freshdesk raises $55 Million in series F from Sequoia Capital India, Accel Partners

Enterprise software maker Freshdesk has raised $55 million in a new round of funding led by Sequoia Capital India, along with existing investor, Accel Partners. Founded in October 2010, Freshdesk is one of the first software-as-a-service (SaaS) companies from India to take on the global market. Its helpdesk software can […]
01/11/2016

Business intelligence and data science company Impact Analytics raises $750K from Aarin Capital & others

Business intelligence and data science company Impact Analytics has raised $750,000 led by early-stage venture capital firm Aarin Capital, which was founded by TV Mohandas Pai and Dr Ranjan Pai. The company provides analytics solutions across sectors including retail, financial services, education, pharma and others.
31/10/2016

Advanced Enzyme Technologies buys 70% stake in JC Biotech for $7.5 Million

Advanced Enzyme Technologies Ltd, India’s leading enzyme maker, has entered into definitive agreements to acquire a 70% stake in Hyderabad-based JC Biotech Pvt Ltd for INR 50 crore. The acquisition will significantly boost market share of Advanced Enzyme Tech in the enzymes space and enable it to enter the biopharmaceutical […]
31/10/2016

Entertainment tech platform TalentNext raises $1 Million in seed funding

Entertainment tech platform TalentNext, which connects actors, screenwriters, choreographers and 43 other related categories to recruiters, has raised a seed round of $1 million in a round led by Karanpal Singh, managing director at KJS Cement and other angel investors. The platform claims to receive over 250 signups through Facebook […]
28/10/2016

Everstone-backed FACES Cosmetics seeks $15 Million for India expansion planss

Canada-based branded cosmetics and skincare products firm FACES Cosmetics Ltd, backed by the India-focused investor Everstone Capital Partners LLR, is looking to raise as much as INR 60-100 crore. The funding will be utilized to accelerate presence in India. Over the next one year, the colour cosmetic firm expects to […]
28/10/2016

Cloud tech firm Sanovi Technologies gets acquired by IBM

American technology firm IBM has acquired Bengaluru-based Sanovi Technologies for an undisclosed sum to bolster its cloud offerings. Sanovi provides hybrid cloud recovery, cloud migration and business continuity software for enterprise data centres and cloud infrastructure.
28/10/2016

India Quotient to raise $60 Million as part of third fund in 2017

Early stage fund India Quotient as a part of its third fund, plans to raise $60 million by January/February 2017. The firm aims to spend 30% of the funds on fintech players within lending, insurance and investment sectors. The remaining portion of the funds will be spent on gaming, media, […]
27/10/2016

Renewable energy solutions provider Ezon Energy raises funding

Renewable energy solutions provider Ezon Energy has raised INR 140 crore from Japanese investor Natori Nohisa to set up 140 MW of solar power projects in Karnataka and Kerala. The funding has been structured on equity and project basis, thus avoiding stake dilution in Ezon Energy.
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