18/04/2017

Health-snack startup Snackible raises $175K in angel round

Mumbai-based LightSaber Food Ventures Pvt Ltd, which sells health snacks through online and offline channels under the Snackible brand, has raised $175,000 in an angel round of funding led by a clutch of individual investors and high-net-worth individuals (HNIs). The funding will be utilized for expanding operations in India and […]
18/04/2017

AI startup Innefu Labs raises $2 Million from IndiaNivesh Fund

Artificial intelligence startup Innefu Labs on Monday said it has raised $2 million in funding from IndiaNivesh Venture Capital Fund. The funding will be utilized to enhance the AI platform that supports various law enforcement agencies for predictive intelligence and facial biometrics.
18/04/2017

Be U Salons raises INR 4 Crore seed funding

Be U Salons, part of the Delhi-based Gingerpan Swapkart, raised INR 4-crore as seed funding from a consortium of investors from UAE, Singapore and India. The funding will be utilized for strengthening the back-end operations and tech infrastructure, building core talent and marketing of the current and new stores.
18/04/2017

50K Ventures to invest $1 Million in emerging tech startups

Early-stage venture capital firm 50K Ventures has set aside $1million to invest in startups from emerging technologies such as artificial intelligence, machine learning, augmented reality, virtual reality, block chain, internet of things (IoT) and robotics. It plans to invest $50,000-100,000 in each of the 10-15 startups it finalises.
18/04/2017

AI and VR startup Absentia raises INR 8 Crore from Exfinity Venture, Others

Bengaluru-based artificial intelligence and virtual reality startup Absentia has INR 8 crore in a pre-series-A round from investors including Exfinity Venture Partners, former Infosys executives V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe. The funding will be utilized to build Norah AI, an artificial intelligence engine that can […]
18/04/2017

VR firm Whodat raises funding from Ideaspring Capital

Whodat, an augmented reality (AR) platform, has raised $600,000 from Ideaspring Capital. Whodat, which follows a business-to-business-to-consumer (B2B2C) model, is building a proprietary hybrid SLAM (Simultaneous Localisation and Mapping) system to place digital content within indoor environments without markers, which are basically visual cues which are linked to virtual information.
17/04/2017

Info Edge acquires discovery platform AmbitionBox

Info Edge (India) Ltd — the parent company of Naukri, 99acres, and Jeevansaathi — has acquired discovery platform AmbitionBox for an undisclosed amount. Navi Mumbai-based AmbitionBox is a two-year-old company. It assists job-seekers with company reviews, company information, interview tips and advice.
17/04/2017

Actress Jacqueline Fernandez backs Rakyan Beverages

Indian films actress Jacqueline Fernandez has invested around $543,000 in Rakyan Beverages that makes juices under the Raw Pressery brand. This latest investment values the company at around INR 120 crore.
17/04/2017

Credihealth raises $1.5Million pre-Series A round

Medical assistance startup Credihealth has raised its pre-Series A funding round from Mountain Pine Capital and Tolaram, family office investment arm of Tolaram Group. Bengaluru-based Credihealth plans to using this funding to expand its operations to address the non-clinical pain points of patients.
17/04/2017

Dr Mohan’s Diabetes raises $10.23Million in Series A funding led by Lok Capital

Chennai-based diabetes care provider Dr Mohan’s Diabetes Specialities Centre has raised Series A funding of INR 66 crore, led by impact investor Lok Capital-advised Growth Fund. Dr Mohan’s Diabetes will use the funds to develop a pan-India presence and grow from a base of 25 clinics to 100 clinics in […]
11/04/2017

SaaS company Omnify raises INR 97 Lakh

Omnify, a software-as-a-service (SaaS) platform for small service businesses to enable ecommerce, has raised $150,000 from Google India MD Rajan Anandan, Shoogloo Group CEO LD Sharma and Airwoot cofounder Saurabh Arora. Omnify provides a unified platform for small service businesses to enable ecommerce, scheduling and communication with their customers.
11/04/2017

Singapore’s RB Investments backs Indian QSR chain The Beer Cafe

Gurgaon-based BTB Marketing Pvt Ltd, which runs a chain of beer bars under the brand The Beer Cafe, has raised an undisclosed sum from Singapore-based RB Investments. Founded by Rahul Singh, the company operates 34 stores in 10 cities including including Mumbai, New Delhi, Chandigarh, Bangalore, Amritsar, Gurgaon, Ludhiana, Mohali, […]
11/04/2017

M&A platform MergerWare raises $100K more to go global

Corporate Mergerware Solutions Pvt Ltd, a startup that provides software solutions for post-merger and acquisition integration, has raised $100,000 (about Rs 65 lakh) from existing investor Philippe Bouchet, who is a former vice president at French energy management firm Schneider Electric. The company will use the fresh capital for its […]
11/04/2017

Medwell Ventures raises $21 Million in Series B round led by Mahindra Partners

Medwell Ventures Private Limited, the operator of Nightingales specialty home healthcare services in India, has raised $21 Million in Series B round led by Mahindra Partners. The round also saw participation from existing investors Eight Roads Ventures and US-based F-Prime Capital Partners, alongside early angel investors and the founders.
11/04/2017

Flipkart raises $1.4 Billion, acquires eBay India

Flipkart has raised its seventh round of funding from eBay, Microsoft, and Tencent at a valuation of about $12 Billion. Flipkart has also acquired eBay’s India arm.
10/04/2017

Cashback & analytics firm Zaggle buys Pennyful

Cashback and analytics company Zaggle Prepaid Ocean Services, which offers cashbacks to customers at restaurants, has acquired Bengaluru-based online cashback and coupons company Pennyful in a cash-and-stock deal. The Pennyful team of 15 members will join the 115-team at Zaggle, especially to augment the latter’s digital marketing and product technology […]
10/04/2017

Smart scooter maker Twenty Two Motors raises $1.6 Million angel funding

Gurgaon-based Twenty Two Motors Pvt Ltd, which is working on rolling out its first smart scooter, has raised funding in a pre-Series A round led by Ishwar Singh, chief executive of Haryana Group of Industries. The funding will be utilized to develop and test its prototype, hire across verticals and […]
10/04/2017

Lending firm Capital Float raises $2.3 Million from Mahindra’s NBFC arm

Digital lending startup Capital Float has raised INR 15 crore from Mahindra and Mahindra Financial Services by allotting non-convertible debentures (NCDs). The funding will be utilized to strengthen its loan books.
07/04/2017

Cookware brand Wonderchef raises INR 40 Crore

Wonderchef, a kitchen appliance and cookware brand promoted by celebrity chef Sanjeev Kapoor, has raised INR 40 crore from French group Labruyere Eberle. The funding will be utilized for a new manufacturing unit and expansion into new segments.
07/04/2017

Paytm backs healthcare startup QorQI

Digital payments and commerce platform Paytm has invested an undisclosed amount in QorQI, an online healthcare startup. Started in 2014, the Noida-based startup uses artificial intelligence (AI) and big data to improve the productivity of doctors along with helping patients to manage their health and existing ailments better.
07/04/2017

Crowdfunding platform DesiredWings acquires Catapooolt

Promoters of crowdfunding platform Desiredwings have acquired Catapooolt for an undisclosed sum. Both the brands will stay in the market post this acquisition, focusing on different segments of the crowdfunding industry. Catapooolt handholds entrepreneurs at different stages of their journey by bringing in other entrepreneurs and backing them to achieve […]
07/04/2017

YouWeCan Ventures invests in Startup Buddy

Yuvraj Singh’s YouWeCan Ventures has invested an undisclosed amount in Startup Buddy,a Gurugram-based company that serves early-stage businesses. Cofounded in 2015 Startup Buddy provides services ranging from incorporation, accounting and taxation to project advisory, legal and intellectual property-related work to startups in India and abroad.
07/04/2017

Home rental startup FastFox raises INR 30 Crore from Lightspeed, others

Home rental startup FastFox has raised INR 30 crore in a Series A funding round from Lightspeed India Partners, the India-specific fund of US-based Lightspeed Venture Partners, Blume Ventures and CyberAgent Ventures. The funding will be utilized improving technology solution, developing service delivery model and expanding the team across engineering, […]
07/04/2017

Bengaluru-based FalconBrick raises INR 4 Crore in angel round

A clutch of Kolkata-based real estate players and foreign, as well as domestic investors, have invested close to INR 4 crore in Bengaluru-based firm FalconBrick Technologies. The funding will be utilized to enhance product and accelerate business development.
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