05/05/2017

DriveU acquires driver services provider DriversKart

DriveU, an on-demand driver aggregator, has acquired Chennai-based DriversKart for an undisclosed amount. With this acquisition, DriveU continues to consolidate its position as India’s premier driver aggregator for both consumers and businesses.
05/05/2017

IndoStar’s CEO infuses INR 100 cr for 5% stake

R Sridhar, who recently joined Everstone-backed IndoStar Capital Finance, has infused around INR 100 crore into the company. The financial-services veteran has joined IndoStar as executive vice-chairman and chief executive officer, taking over from Vimal Bhandari, who had led the firm since 2011.
05/05/2017

CarTrade buys vehicle inspection co Adroit Inspection

MXC Solutions India Pvt Ltd – which operates online automobile classifieds platform CarTrade has acquired vehicle inspection and valuation venture Adroit Inspection in an all-cash deal.
05/05/2017

Rana Kapoor’s family offices plans to invest $150 Million in startups

The family office of YES Bank founder and chairman Rana Kapoor, which is run by his three daughters, plans to invest $150 million to incubate and fund new businesses. The family office named The Three Sisters is keen to invest in sectors including education, tourism, family entertainment centres, and agri-logistics.
05/05/2017

Hinduja Family backs sports & fitness startup UACTIV

The Hinduja family has picked up a stake in UACTIV, a social networking and discovery platform for sports and fitness enthusiasts, for an undisclosed amount. UVACTIV plans to spend a majority of the funding in strengthening its technology while the remaining would be spent on marketing and operational expenses.
05/05/2017

Quikr acquires home services startup Zimmber in $10 Million all-stock deal

Online classifieds company Quikr India Pvt Ltd has acquired home services start-up Zimmber (Rejuvenate Solutions Pvt Ltd) for about $10 million in an all-stock deal, in the attempt to strengthen its position in the segment. Mumbai-based Zimmber is Quikr’s fourth acquisition in the home services vertical in the last 12 […]
04/05/2017

Beenext-backed Healthians secures funding from Japan’s Asuka

Healthians, a diagnostics and wellness startup, has secured an undisclosed amount of funding from Japanese firm Asuka Holdings. Last October, Healthians received $3 million in Series A round led by Singapore-based Beenext in which Digital Garage, Beenos and some other undisclosed investors also participated.
04/05/2017

Natural food startup ONTHERUN gets funding

ONTHERUN, a natural food startup run by Stayfit Enterprize Pvt Ltd, has received an undisclosed amount of funding from actor and fitness icon Milind Soman. ONTHERUN energy bars are currently available in six variants – fig & sate, caffeine rush, prune & raisin, hazelnut magic, ginger crunch, oats and apricot.
04/05/2017

Brinton raises $4 million from Tata Capital

Brinton Pharmaceuticals, which provides healthcare products and services for various therapeutic segments, has raised $4 million from Tata Capital Healthcare Fund, as the firm looks to enter into newer areas such paediatrics and gynaecology and expand its international operations.
03/05/2017

Ola raises $104 Million more from Falcon Edge, Ratan Tata fund

Cab-hailing firm Ola, operated by ANI Technologies Pvt Ltd, has raised INR 670 crore in a fresh round of funding from Falcon Edge Capital and Ratan Tata’s RNT Capital Advisers. The latest funding round takes the total Ola has raised so far to $1.5 billion.
03/05/2017

Realty-tech startup ZippServ gets seed funding

ZippServ, an online platform that provides risk assessment services for real estate investments, has raised USD 390,000 from a clutch of investors. The Bengaluru-based startup, run by Ideaclicks Infolabs Pvt Ltd, provides advisory services related to legal, technical and civil engineering due diligence, and frauds related to property titles.
03/05/2017

Ventureland Asia sets aside $10m for startups

Creativeland Asia head Sajan Raj Kurup has set up an investment firm to back emerging brands and startups. The firm, Ventureland Asia, has set aside about $10 million till date which will be equally distributed between the investment firm’s bridge fund and marquee fund.
03/05/2017

Venture Catalyst, others invest in campsite aggregator

REAPRA Ventures, a Japanese early-stage investor, has made its Indian debut by investing in Deyor Camp, a campsite aggregator. REAPRA Ventures along with Venture Catalyst and a few HNIs have made an undisclosed amount of funding in the firm, picking up a 5% stake in total.
02/05/2017

Logistics startup Fortigo raises $10 Million Series A from existing investors

Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani. Bengaluru-based Fortigo had raised about $2 million in seed funding from both Nilekani and Accel at the time of its launch.
02/05/2017

Krungsri launches $30 Million VC fund to invest in fintech firms

Thailand’s fifth largest financial group Krungsri has launched a $30-million venture capital fund to invest in financial tech startups in 2017-19. It is considering the best options for both direct investment in Thai potential startups and investment in fintech startup funds in Thailand and overseas with a $30-million capital budget.
02/05/2017

Parkpine Capital to launch $50 Million debut fund by this fall, to invest in 3 SEA firms

Newly founded California-based venture capital firm Parkpine Capital is set to launch its debut $50-Million seed fund and seal at least three deals by September. It is looking at investing in technology startups from Southeast Asia.
02/05/2017

H’bad Angels puts $1.5 Million in Innovapptive

Enterprise mobile software startup Innovapptive has raised fresh funding from Hyderabad Angels. The startup intends to use the funds raised to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition.
02/05/2017

Fin-tech startup SMEcorner raises bridge funding from Dutch fund

Mumbai-based digital lending platform SMEcorner has raised a bridge round of funding from a Dutch government fund.
02/05/2017

EuroKids acquires firm behind Billabong High, Kangaroo Kids schools

EuroKids International Pvt Ltd has bought Kangaroo Kids Education Ltd in the biggest known acquisition in the schools business in India.
01/05/2017

Ed-tech startup Qriyo raises funds from investor Neelesh Bhatnagar

Jaipur-based Qriyo Infolabs Pvt Ltd, which runs home tutor provider Qriyo, has raised an undisclosed amount in Series A funding from Dubai-based investor Neelesh Bhatnagar’s NB Ventures. The company will use the funds to expand operations to Chandigarh, enhance offerings for personalised competitive exams preparation and get more tutors on […]
01/05/2017

UiPath raises $30 Million Series A led by Accel

UiPath, the Robotic Process Automation (RPA) software company, has raised a Series A investment of $30 Million led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. The funding will be used to accelerate the company’s global expansion and product development.
01/05/2017

Gaming portal Ace2three.com raises $73.7 Million from Clairvest Group, others

Hyderabad-based game development company Head InfoTech India Pvt Ltd, which operates online gaming firm Ace2Three, has raised INR 474 Crore in a fresh round of investment led by Canadian private equity firm Clairvest Group.
01/05/2017

Accel Partners books $750K appointment with healthcare startup Sepalika.com

Mumbai-based health content platform Sepalika has raised $750,000 in its seed round led by Accel Partners. The platform, which supports those looking to reverse chronic health conditions through guidance on lifestyle, dietary supplements, and exercise aims to use the fresh capital infused to further build on its research-based content and […]
28/04/2017

Cross Border Angels invests in ed-tech startup eShiksa

Jaipur-based eShiksa, an education management portal, has raised an undisclosed amount from Cross Border Angels & Experts (CBA; previously Cross Border Angels), an international angel network. The funding will be utilized for for geographical expansion, customer acquisition and operational ramp-up.
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