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
14/09/2016

BlackSoil Capital offers $2.2 Million in venture debt to deals site Nearbuy

Gurgaon-based deals and discounts site Nearbuy has raised venture debt of Rs 15 crore from non-banking financial company BlackSoil Capital Pvt Ltd. The funding will be utilized for customer and merchant technology.
13/09/2016

KarmaCircles raises seeding funding at $3 Million valuation

Peer-to-peer social learning platform, KarmaCircles has received seed funding from angel investors including Harinder Takhar, Zain Raj, Dr Prasad Kaipa, Abaran Deep, Aseem Sood and Mustafa Patni. While the amount raised was not disclosed, the funding was done at a valuation of $3 million. The funding will be utilized to […]
13/09/2016

Health-tech startup Cureinstant raises $150K

Social health networking website  Cureinstant has raised $150,000 (Rs 1 crore) as seed funding from angel investor Rameshwar Kumar. The Delhi-based startup, which was founded in 2015, allows patients, doctors, medical stores, pathology labs, fitness centres and other health professionals to come together on their platform. The funding will be […]
13/09/2016

Food-tech startup IdeaChakki raises funding from Ratan Tata

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in IdeaChakki, a food-tech start-up that provides digital video menu for restaurants and allows customers to gift food and beverage experience anywhere in the world.  The funding will be utilized for expansion plans along with building a […]
13/09/2016

Nykaa raises INR 82 Cr funding from Sunil Munjal, Mariwala family & existing backers

Nykaa, an online luxury beauty retailer founded by investment banker-turned entrepreneur Falguni Nayar, has raised INR 82 crore in a fresh round of fundraising led by Sunil Munjal and the Mariwala family.The transaction, which is expected to be announced this week, will value the firm at about INR 775 crore.
13/09/2016

Budget beauty salons aggregator Glam Studios raises $300k angel funding

Brand of affordable salons Glam Studios today said it has secured Rs 2 crore in angel funding from Pradeep Mirani and existing investors Aqeel Ahmed, Anand Ladsariya, Nitin Agarwal and others. The funding will be utilized for expansion, operations and technology.
13/09/2016

Fashion discovery app Findow raises seed round

Fashion discovery app Findow has raised an undisclosed amount in seed round from Raj Singh Bhandal, director at Next Media Works. The app launched in July 2016 and connects brands, boutiques and retailers with shoppers on its location-based platform. The platform also has an in-built marketplace for registered brands to […]
13/09/2016

Google’s Rajan Anandan backs ed-tech firm Stoodnt

Stoodnt, an educational-technology firm which facilitates interaction between students and admission counsellors or educational institutions, has raised $300,000 (Rs 2 crore) in seed funding from Google India managing director Rajan Anandan. The funding will be utilized to enhance product capability and user experience and to expand sales and marketing teams.
13/09/2016

IAN invests in B2B marketplace for leather products ShoeKonnect

Agra-based business-to-business (B2B) marketplace for leather products ShoeKonnect has raised an undisclosed amount in an angel round of funding from Indian Angels Network (IAN) .The funding will be utilized for technology enhancement, marketing, brand building and team expansion.
12/09/2016

Kaya agrees to acquire 75% stake in two UAE skincare firms

Skincare firm Kaya Ltd has agreed to acquire a 75% stake in two dermatology centres based in Dubai and Sharjah to expand its presence in the United Arab Emirates.The acquisition will strengthen the company’s network of clinics in the UAE region and add a new set of customers to the […]
12/09/2016

Kalaari Capital-backed Grabhouse in talks with Oyo, NestAway for buyout

Home rental start-up Grabhouse is looking for a buyer as the company is struggling to scale up its business. Cryptopy Technologies Pvt. Ltd, which runs Grabhouse, has initiated talks with online hotel aggregator Oyo (Oravel Stays Pvt. Ltd) and online home rental start-up NestAway Technologies Pvt. Ltd. The deal is […]
12/09/2016

Purple Style Labs raises Rs 3 Cr from Calcutta Angels, LetsVenture & others

Calcutta Angels Network (CAN), LetsVenture, an online funding platform, some Indian Institute of Technology Bombay (IITB) graduates and a clutch of former bankers have collectively infused some Rs 3 crore into Mumbai-based fashion house Purple Style Labs (PSL). The funding will be utilized to beef up his team of designers […]
12/09/2016

Hubli-based online grocery platform Freshboxx raises angel funding

Agri-based startup Freshboxx has secured an undisclosed amount of angel funding from serial entrepreneur and angel investor Ravi Linganuri.The funding will be utilized for strengthening the team, enhancing  technology and infrastructure, and expanding further in the state of Karnataka.
12/09/2016

The India Network Acquires Coworking Hub MagicSpace

Scale Ventures’ The India Network – a platform aimed at boosting startup activity in Tier II and Tier III cities – has acquired Udaipur-based MagicSpace – a coworking space company in a part cash and part equity deal.Post-acquisition, founder Vinav Bhanawat will join The India Network as a co-founder. While […]
12/09/2016

Healthcare startup Poshtick raises angel funding

Healthcare and wellness startup Poshtick said on Saturday it has raised $450,000 (Rs 3 crore) in angel funding from Noida-based affluent individuals Bhavya Sharma and Amit Nagar. The funding will be utilized for product development, developing human resource capabilities and supply chain mechanism
12/09/2016

Big Fish Ventures to invest Rs 250 crore on restaurant business

Big Fish Ventures, a Delhi-based restaurant business that runs dining lounges including The Junkyard Cafe, The Vault Cafe, Garam Dharam and Cafe OMG, is planning to expand the business from its current seven to 15 restaurants in the next two years across India and the Middle East. In the longer […]
12/09/2016

Fork Media acquires majority stake in Inuxu Digital Media Technologies

Ant Farm India-backed digital media company Fork Media has acquired a majority stake in Pune-based ad-tech firm Inuxu Digital Media Technologies. The mixed cash-and-equity deal of $3 million gives Fork Media 51 per cent equity in Inuxu, which will continue to work as an independent entity developing products for Fork […]
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