01/09/2016

Indore-based startup EngineerBabu raises INR 1 crore from Scale Ventures

Indore-based startup EngineerBabu has raised INR 1 crore from Scale Ventures. The company, which is into IT services including developing websites and mobile-based applications, plans to use the funds to turn into a business-to-business marketplace for IT services and help connect international companies with local IT service providers.
01/09/2016

Lucideus raises 3rd round of angel funding in two months

Lucideus, an IT Risk Assessment and Digital Security Services startup has receiving angel funding from Motilal Oswal Private Equity’s director, Amit Choudhary. This is the third round of angel funding the startup has received since June this year. Ranging between $50,000-100,000, the startup has attracted funding from early investors in […]
01/09/2016

YourNest to invest in robotics, blockchain and IoT startups

Investment firm YourNest Angel Fund aims to raise a larger corpus that will help the early-stage fund write larger cheques and also provide growth capital for portfolio companies. The Gurgaon-based firm, which is awaiting regulatory approval for the new fund, plans to raise up to INR 300 crore. The firm […]
01/09/2016

Home services startup Renowala raises funding

Hyderabad-based on-demand marketplace for home improvement services Renowala secured a second round of seed funding from FMCG veteran Pradeep Dhobale. The funding will be utilized for talent acquisition.The company is also looking at raising one more round of seed funding worth Rs 2 crore for their expansion plan.
31/08/2016

Sony acquires Zee’s TEN Sports for $385Million

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. […]
31/08/2016

Personal mobile assistant app Mihup secures $6.7 Million from Accel Partners

Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs INR crore  from Accel Partners. The VC firm is picking up 20% stake in the startup. The funding will be utilized to develop the software and hardware of Mihup’s speech recognition system […]
31/08/2016

IDG Ventures, Paytm founder back fashion rental startup Flyrobe

Online fashion rental portal Flyrobe has raised INR 35 crore in its second round of funding led by IDG Ventures, with the participation of Tokyo-based GREE Ventures and existing investor Sequoia India. The funding will be utilized to expand to five more cities including Hyderabad, Bangalore, as well as to […]
31/08/2016

Nutanix acquires software deployment solutions startup Calm.io.

Enterprise cloud solution provider Nutanix has acquired the Sequoia-backed startup. This offers a platform for smooth transitioning of software and applications to their newer updates. It has 43 employees. Its engineering team operates out of its office in Bengaluru.  Calm.io, which facilitates most of its engineering work from India will […]
31/08/2016

Quintillion Media, others back matchmaking app for differently abled Inclov

Gurgaon-based matchmaking app for differently abled Inclov has raised Rs 1 crore (around $149,000) in a seed round of funding from Sarbvir Singh, former MD of Capital 18, and media entrepreneur Raghav Bahl- led digital news venture Quintillion Media Pvt Ltd. The funding will be utilized for redesigning the Android […]
30/08/2016

Foodpanda eyes fresh funds, may opt for sale

The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently mandated Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as […]
30/08/2016

Denmark’s Sophia Investment backs farm-tech firm CropIn

CropIn Technology Solutions Pvt Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million  from Denmark’s Sophia Investment ApS. The funding will be utilized to hire staff in the marketing, operations and technology segments. The company  plans to develop its ‘SmartFarm’ application for real-time monitoring […]
30/08/2016

Online photography startup Canvera raises $3 Million more led by Info Edge

Bengaluru-based online photography startup Canvera Digital Technologies Pvt Ltd has raised INR 20 crore ($3 million) led by existing investor Info Edge (India) Ltd. Founded in 2008 as a web-enabled photo-book company, Canvera entered associated e-commerce in March 2011. It provides solutions to professional photographers via its website Canvera.com. It […]
30/08/2016

EdTech platform iAugmentor raises INR 1 crore in seed funding

Education-technology company, iAugmentor Labs Pvt Ltd raised INR 1 crore in seed funding from Rajasthan Angel Investor Network and other undisclosed individual investors. The funding will be utilized to introduce new learning mediums such as games, animations, cartoons and videos.
30/08/2016

TerraPay acquires UK’s Pay2Global

TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).
30/08/2016

MediaTek invests INR 400 crore in One97

Taiwanese semiconductor maker MediaTek will invest INR 400 crore ($60 million) or about a fifth of the capital being infused into India’s One97 Communications, which runs mobile payment and ecommerce platform Paytm. The deal, which was ratified by the board of directors of Noida-based company on Monday, will see valuation […]
30/08/2016

Facility management and home services startup SBricks acquires home services aggregator HomeCues

Facility management and home services startup SBricks has acquired home services aggregator HomeCues for more than $1 million. While HomeCues will be a subsidiary company of SBricks, it will continue to operate under its original name and the two companies will split their focus into business-to-consumer and business-to-business sectors respectively.
30/08/2016

Home design startup Livspace raises $15 Million from Bessemer, others

Design and furniture start-up Livspace, owned by Home Interior Designs E-commerce Pvt Ltd, has raised INR 100 crore from existing investors Bessemer Venture Partners, Hellion Venture partners and Jungle Ventures. The funding will be utilized to expand operational footprint, set up new Livspace design studios, expand the design automation platform […]
29/08/2016

Blume, Nexus lead $7 Million funding in Runnr after TinyOwl acquisition

Food delivery platform Runnr has raised $7 million (Rs 47 crore) from existing investors Blume Ventures and Nexus Venture Partners. Runnr was formed after on-demand logistics startup Roadrunnr acquired troubled food ordering startup TinyOwl in June.
29/08/2016

Self-publishing startup, Notion Press raises $1 Million from HNI’s

Chennai-based self-publishing startup, Notion Press, has raised $1 Mn in Pre-Series A funding from undisclosed HNIs. The deal will help the platform consolidate its market leadership, strengthen its management team and expand its services in the market. The funding will be utilized to intensifying coverage across India and fuel operations […]
29/08/2016

On Demand talent marketplace Zolo raises seed funding, looks to expand to other cities

Noida-based on-demand talent marketplace, Zolo, has raised an undisclosed amount of seed funding from Switzerland-based Software company Hitouch AG.The funding will be utilized to expand to other cities after establishing base in Delhi-NCR. Also, Zolo intends to add more categories and services to its portfolio. Apart from the funding, Zolo […]
29/08/2016

LoanTap raises $3m from HNIs

LoanTap Financial Technologies Pvt Ltd, an online non-banking financial company (NBFC), has raised $3 million (INR 20 crore) from Mumbai-based high-net-worth individuals Abhishek Pandey and Jaysukh Sapra. 85% of the funding will be utilized to extend loans and the rest to strengthen its technology and marketing.
29/08/2016

Biotech company Mitra Biotech raises $27.4 Million

Mitra Biotech Inc,  a biotech company that develops and provides technologies that personalize cancer treatment, has raised approximately INR 184 crore in a Series B round of financing led by Sequoia India and Sands Capital Ventures.Mitra Biotech is engaged in supporting personalized oncology therapy selection and drug development. Founded in […]
29/08/2016

Mobikwik to get $40 Million from South African payment firm Net1

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card technology across MobiKwik wallets.
29/08/2016

Cashback App Crownit parent raises funds from Freecharge, Freshdesk founders

GoldVIP Technology Solutions Pvt Ltd, which runs the Crownit mobile application, raised an undisclosed amount of funding from Kunal Shah and Sandeep Tandon (founders, Freecharge), Girish Mathrubootham (founder, Freshdesk) and Anand Chandrasekaran (former chief product officer, Snapdeal). The funding will be utilized for expanding to more cities and increase merchant […]
Top