20/09/2016

E-distributor Just Buy Live plans fundraise to enhance presence

Just Buy Live Enterprise Pvt Ltd, an e-distributor that connects shopkeepers with consumer brands and distributors, is firming up plans to raise its second round of growth capital to enhance market presence. Just Buy Live Enterprise Pvt. Ltd, an e-distributor that connects shopkeepers with consumer brands and distributors, is firming […]
20/09/2016

Dentsu Aegis acquires public relations firm Perfect Relations

Dentsu Aegis Network has announced the acquisition of public relations (PR) firm in India Perfect Relations Group which will continue to retain its branding. The acquisition further strengthens Dentsu Aegis Network’s overall communications offering in the Indian market.
19/09/2016

Gray Matters Capital backs e-learning firm Liqvid’s English language unit

Liqvid English Edge Pvt Ltd, a unit of Noida-based Liqvid eLearning Services Pvt Ltd, has raised an undisclosed amount in Series A funding from US-based Gray Matters Capital for its English language learning software EnglishEdge. The funding will be utilized  to power the technology infrastructure of EnglishEdge and to offer […]
19/09/2016

Bessemer Venture leads $15 Million round in food-tech startup Swiggy

Bengaluru-based Bundl Technologies Pvt Ltd, which owns and operates online food ordering platform Swiggy, has raised $15 million (Rs 100 crore) in a Series D funding round led by Bessemer Venture Partners.  The funding will be utilized t fuel Swiggy’s next phase of growth, with an improved customer experience at […]
19/09/2016

Fresh veg supplier Lawrencedale raises funding from BESTSELLER, Unitus Impact

Ooty-based Lawrencedale Agro Processing India Pvt Ltd, which supplies farm fresh vegetables to organised retailers in south India under the brand ‘Leaf’, has raised an undisclosed amount in a fresh fundraising from Denmark-based BESTSELLER FOUNDATION and US-based venture capital fund Unitus Impact. The funding will be utilized to expand reach […]
19/09/2016

News aggregator app NewsDistill raises $100K in seed funding

NewsDistill, a city-based news aggregator app has raised USD 100,000 in seed funding from a group of investors including Ganesh Narasimhan, Ramana Thumu, and Sudhir Mallem. Launched in 2015, NewsDistill aggregates news sourced from various Indian newspapers, television channels, RSS feeds, custom feeds and social media in eight major Indian […]
19/09/2016

Health-tech startup Doctor Insta raises funding from RoundGlass Partners

Doctor Insta Pvt Ltd, which provides healthcare consultation through video conferencing, has received over $1 million from US-based venture capital firm RoundGlass Partners.  The funding will be utilized for marketing two new concepts—Health ATM and Insta Wall. The startup is planning to spend around INR 20 crore on these two […]
16/09/2016

Reliance Communications to merge its wireless telecom business with Aircel to create India’s 4th-biggest mobile phone operator

Anil Ambani-led Reliance Communications has agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than INR 65,000 crore. In the largest consolidation in the country’s telecom sector, RCom and Aircel’s majority owner, Malaysia’s Maxis Communications […]
16/09/2016

SHEROES buys online counselling platform LoveDoctor.in

SHEROES, the career portal for women owned and operated by Delhi-based Applied Life Pvt Ltd, acquired an online counselling platform, LoveDoctor for an undisclosed amount. SHEROES already offers mentoring and career helpline support to its community and this (purchase of LoveDoctor.in) will integrate with those efforts.
16/09/2016

Employee engagement platform InFeedo raises funding from HNIs

Employee engagement platform inFeedo raised an undisclosed amount of funding, led by Dheeraj Jain, managing partner Redcliffe Capital, a UK-based hedge fund. The funding will be utilized for international expansion, invest in technology and human resource.
15/09/2016

Edu-tech start-up ConceptOwl seeks to raise INR100 crore

Kerala-based ConceptOwl, an education technology (ed-tech) start-up founded is looking to raise up to INR100 crore from private equity investors to set up coaching centres across the country. ConceptOwl is a technology-driven IIT-JEE coaching platform. The start-up’s mobile and web app deliver personalized coaching and data-driven analytics.
15/09/2016

Nexus Venture backs on-demand logistics service provider GoPigeon

Bangalore-based on-demand logistics service provider GoPigeon has raised million around INR 10 crore in a pre-Series A funding round from venture capital investor Nexus Venture Partners. The funding will be utilized to strengthen the team and enhance technology.
15/09/2016

Pre-launch startup Dealberg acqui-hired a year-old company worth $2 Million

A B2B marketplace for SMEs, DealBerg (which went live on September 12, 2016) has acqui-hired year-old WeAreGadgets in the first week of this month. The amount of the acquisition, which was in both cash and shares, has been kept confidential.
15/09/2016

Skills Validation Platform FloCareer Secures $150K From Angel Investors

Bengaluru-based talent acquisition startup FloCareer which aims to create a skills validation platform, has raised $150K Seed funding from senior officials in the technology segment from US and India. The funding will be utilizedto build and strengthen offerings. The startup aims to become the largest aggregator of crowd mentoring, self-learning […]
15/09/2016

Online Eye Wear Portal LensPick Raises Funding From US Based Scadea Solutions

Ecommerce platform for eye wear, LensPick has raised a second round of funding from US-based Scadea Solutions Inc.With this round of funding, Scadea Solutions will acquire a 10% stake in LensPick at a valuation of $5 Mn (INR 33 Crore). The funding will be utilized for inventory enhancement and technology […]
15/09/2016

Ahmedabad-based startup Food Memories to raise Series A funding

Ahmedabad-based startup Food Memories will be going for a Series A funding soon of around INR 2 crore. The funding will be utilized for expansion of its geographically unique Indian food vendor network. An online marketplace for authentic geographically unique Indian foods with shelf life of five days and higher, […]
15/09/2016

Lightbox commits fresh money in Furlenco as part of larger Series B round

Online furniture rental startup Furlenco is raising a new round of investment from existing investor Lightbox Ventures and others.  Lightbox, which closed its new fund in May this year, has put in $5 million in this round.
15/09/2016

Happily Unmarried plans to raise between $4.4 Million to $7.4 Million

Happily Unmarried Marketing Pvt Ltd, which runs HappilyUnmarried is planning to raise INR 30-50 crore for Ustraa, its online male grooming products brand. The company is now looking at raising more funds and also getting strategic investors on board as they look at general trade expansion.
15/09/2016

PayU to buy rival Citrus Pay for $130 Million

Digital payments provider PayU, which is owned by South Africa’s Naspers Group  will buy rival Citrus Pay for $130 million. After the acquisition, PayU India will have more than 30 million customers. The company forecast that it will process an estimated 150 million transactions worth $4.2 billion in 2016.
14/09/2016

Seven oil PSUs plan to set up INR 100 crore start-up fund

Seven public sector oil companies—Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd, Gail India Ltd, Oil India Ltd, Engineers India Ltd and Oil and Natural Gas Corp Ltd—are coming together to launch a INR 100 crore start-up fund shortly. All the seven companies will be pitching […]
14/09/2016

After $900 Million exit, Directi to Put $110 Million in newer ventures

Diversified technology company Directi plans to spend $110 million in four newer ventures and is looking to buy a 1 lakh square feet building in central Bengaluru to accommodate its expansion. The company plans to invest $110 million in Flock, Zeta, Radix and Ringo in the current year and the […]
14/09/2016

Classifieds portal Quikr India acquires on-demand beauty service StayGlad

Online classifieds portal Quikr India Pvt Ltd has acquired on-demand home beauty service provider StayGlad (Glow Prime Technologies Pvt Ltd) for an undisclosed amount, after StayGlad failed to attract new investors, consequently running out of cash. The deal with Quikr, mostly in stock, has valued the company at less than […]
14/09/2016

Calcutta Angels buys 10% stake in Zeroinfy

Calcutta Angels Network (CAN) has picked up a 10% stake in a Kolkata-based online study platform Zeroinfy for an undisclosed amount. The funding will be utilized expand team as well as further enhance technology. Part of the money will be used to acquire customer and faculty.
14/09/2016

Naspers-owned PayU snaps up Citrus Pay for $130 million in one of the largest fintech deals in India

Naspers-owned online payments service provider PayU has agreed to buy smaller Mumbai based rival Citrus Pay for $130 million (Rs 865 crore). The agreement enables PayU to quickly bring additional innovative financial services to market for its business and consumer customers
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