07/03/2017

Star India picks up stake in startup Zapr

Television broadcaster Star India has picked up a minority stake in Bengaluru-based media-tech startup Zapr Media Labs, which owns a proprietary technology that analyses television viewership with the help of audio recognition tool. Zapr provides targeted digital analytics and insights into offline consumption behaviour and Star India’s OTT platform Hotstar […]
07/03/2017

Fashion discovery platform SummerLabel raises seed funding

Gurgaon-based fashion and lifestyle discovery platform SummerLabel has raised INR 1 crore ($150,000) in seed funding from a clutch of high net worth individuals. The funding will be utilized to strengthen technology backbone and build a robust network of private labels, users and influencers, besides expanding the team.
07/03/2017

Gadget repair service PICKmE secures $1.79 Million from SIDBI VC

Mumbai-based PICKmE e-Solutions India Pvt Ltd has raised INR 12 crore from SIDBI Venture Capital Fund. Founded in February 2011 PickMe had started off as an incidental services platform, which would offer doorstep repair services for all handheld gadgets, including mobile phones, cameras, watches, cam recorders, laptops, MP3 players, tablets […]
06/03/2017

Deals platform Couponhaat raises funding from Austria-based angel investor

Couponhaat, a Delhi-based e-commerce company which provides best coupons and deals for online shoppers, has raised an undisclosed sum in its pre-Series A round from a private European Investor Axel Wawrina.  Started in 2015, Couponhaat helps online shoppers in discovering the best deals from the e-commerce brands and it works […]
06/03/2017

Infibeam acquires cloud ERP solutions provider DRC Systems

Infibeam Incorporation Ltd, India’s first listed e-commerce entity has signed memorandum of understanding (MOU) to acquire DRC Systems Pvt Ltd through its wholly owned subsidiary NSI Infinium Global Pvt Ltd. DRC Systems provides cloud ERP (enterprise resource planning) solutions and develops customized software for e-commerce applications.
06/03/2017

Ed-tech startup Nactus raises angel funding

Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors. The funding will be utilized to strengthen product platform and business development, and expand services to more cities.
06/03/2017

Sticker search app Emojifi raises angel funding

Emojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors. The funding will be utilized for marketing and enhancing the product.
03/03/2017

Alibaba to invest $177 Million in Paytm E-Commerce, hike stake to 62%

Paytm E-Commerce Pvt Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (INR 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding.Alibaba will invest $177 million (Rs 1,182 crore) while the rest […]
02/03/2017

OhoShop raises $1 million from Brand Capital

OhoShop, a software as a service (SaaS) based m-commerce enabler and maker of quick, affordable and branded mobile applications and websites for small and mid-sized enterprises, has raised $1 million in funding from BCCL’s Brand Capital. The funding will be utilized for marketing push.
02/03/2017

Invoice discounting startup KredX acquires Hummingbill

Invoice discounting startup KredX has acquired Hummingbill, an invoicing platform for small and medium businesses, for an undisclosed sum to strengthen its technology capabilities. Hummingbill’s Gmail plugin product allows for automated tracking of invoices and cash-flow management.
01/03/2017

CureFit buys health-food delivery firm Kristys Kitchen

Bangalore-based healthcare and fitness start-up, CureFit has acquired online health-food delivery company, Kristys Kitchen for an undisclosed amount of cash and stock deal. Kristys Kitchen is in the segment of preparing and delivery of international healthy food cuisines. Founded in September 2016, the company has a kitchen in Bangalore and […]
01/03/2017

Fashion search platform SeenIt raises pre-Series A funding

SeenIt Online Pvt Ltd, a Kolkata-based startup that operates artificial intelligence-powered fashion search platform SeenIt, has raised an undisclosed amount in pre-Series A funding from Calcutta Angels Network (CAN) and Augment Ventures. Founded in April 2015 SeenIt helps consumers find items they love but don’t know where to get.
01/03/2017

Hotel solutions provider Hostmaker raises $6.5 Million from Ventech, others

Hospitality management services startup Hostmaker has raised Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital. The round also saw the participation of DSG Consumer Partners. The funding will be utlized to strengthen Hostmaker’s operations in existing market along with develop its proprietary pricing […]
01/03/2017

Inter-city cab rental firm MyTaxiIndia raises funding for expansion

Inter-city cab rental platform MyTaxiIndia Pvt Ltd has raised an undisclosed amount from a Dubai, UAE-based investor to expand its operations. MyTaxiIndia, which is currently present in 200 cities, is looking to roll out its offerings in the North-East, as well as in tier I and tier II cities in […]
01/03/2017

Agri-tech startup Paalak.in raises seed funding

Delhi-based VDSS Agri Tech Pvt Ltd, which owns and operates agri-tech startup Paalak, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. The funding will be utilized to develop a new consumer web platform and […]
01/03/2017

Fintech startup RedCarpet raises $2.5 million in funding led by Lightspeed Venture

Gurgaon based RedCarpet, a student microlending startup that provides loans without credit card and bank account details, has funding in a round led by Lightspeed Venture Partners. The funding will be utilized to improve the technology behind risk evaluation, introduce new student-lending features, hire data scientists and deepen market penetration.
01/03/2017

iGenetic Diagnostics raises INR 130 Crore to buy more firms

iGenetic Diagnostics has secured financing from the UK’s CDC Group and Manipal Education and Medical Group (MEMG) that it will use to buy nearly a handful of companies this year. iGenetics offers affordable molecular diagnostics services in areas of critical care, oncology, gynaecology and infertility.
01/03/2017

Tech startup Karomi raises INR 3.5 Crore from Ideaspring

Early-stage technology fund Ideaspring Capital has made its first seed investment in Chennai-based tech startup Karomi, which offers packaging artwork management software product for pharma and FMCG companies. The funding will be utilized to expand into the US market.
01/03/2017

Digital company Langoor invests in startup Kreate Konnect

Vadodara-based start-up Kreate Konnect raised an undisclosed amount of angel funding from Langoor, a Bengaluru based digital company. Langoor, is a full service digital-first agency, turns angel investor for the Vadodara based e-commerce management organization, Kreate Konnect. Kreate Konnect, is an end-to-end e-commerce management company that leverages technology to help […]
28/02/2017

Jewellery e-tailer Johari Shop raises angel funding

Jewellery e-commerce marketplace Johari Shop has raised $94,000  from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The funding will be utilized to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bangalore’s […]
28/02/2017

Live learning platform NeoStencil raises $1 Million in funding

Ed-tech startup NeoStencil India Pvt Ltd has raised $1 million in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust. A one-stop destination for UPSC preparation, the company provides live as well as recorded classes, test series and study material from […]
28/02/2017

Ola raises $330 Million in fresh round led by SoftBank

Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt Ltd, has raised $330 million (INR 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp. It is reported that the Japanese tech giant and two other existing investors participated in the round, but the cab aggregator’s valuation dropped […]
28/02/2017

DSG Consumer Partners hits final close of new fund at $40 Million

Deepak Shahdadpuri-led early-stage investment firm DSG Consumer Partners has achieved the final close of its second fund at $40 million(INR 267 crore). The second fund, DSGCP II, aims to make 20 investments. It will focus on companies in India and Southeast Asia, and will deploy the entire corpus by mid-2018.
28/02/2017

Sidbi doubles fund of funds operations; sanctions INR 300 Crore

Sidbi has cleared sanction requests of nine funds aggregating INR 300 crores in a recent meeting, showing a significant upsurge in the fund of funds operations focused on MSME and startups. Sidbi as manager of these funds has constituted a Venture Capital Investment Committee (VCIC) which includes external experts Mohandas […]
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