07/04/2017

FreeCharge founders float venture fund, back ed-tech startup

Sandeep Tandon and Kunal Shah, co-founders of payments startup FreeCharge have floated a venture fund and recently made its first known investment.
06/04/2017

Budget hotels platform RedDoorz raises funding from InnoVen Capital

RedDoorz, a Singapore-based budget accommodation firm, has raised $1 million in venture debt from InnoVen Capital. RedDoorz, run by Commeasure Solutions India Pvt. Ltd, offers customers standardized accommodation services.
06/04/2017

Impact investor Acumen to launch India-dedicated fund

Global impact investor Acumen is planning to launch an India-dedicated fund, as the investor looks to double down on its most significant geography. So far, Acumen has raised all of its capital in the US.
06/04/2017

Ready-to-cook food brand Fingerlix raises INR 20 crore in series A

Ready-to-cook food brand Fingerlix has raised INR 20 crore ($3 million) from Zephyr Peacock in a series-A round of funding. The funding will be utilized to build on the product line, which currently features 15 SKUs, that includes batters for idli, dosa and vadas, dals, curries, biryanis, chutneys and also […]
06/04/2017

DataWeave raises Series-A from large Japan ad tech company FreakOut

DataWeave has raised an undisclosed amount of series-A funding from investors led by one of Japan’s largest ad tech companies, FreakOut Group, which has acquired a strategic stake in the business intelligence startup based in Singapore and Bengaluru. While DataWeave’s technology analyses online consumer behaviour, FreakOut Group’s technology analyses consumers’ […]
05/04/2017

Fin-tech firm Credit Sudhaar raises funds

Mumbai-based Credit Sudhaar Services Pvt Ltd has raised undisclosed amounts from Deepak Kulkarni and Sandeep Pangal. The company will use the funds raised to “build a loan book” even as it readies to raise $25 million (Rs 162 crore) to accelerate growth.
05/04/2017

Health-tech startup Konsult raises seed funding

Delhi-based healthcare tele-consultation platform Konsult App Pvt Ltd has raised $500,000 in two rounds of seed funding from a consortium of investors from the US, the UK, Netherlands and Australia. Konsult has evolved as a medical consultation and second opinion platform.
05/04/2017

Intercity truck aggregator Trukky to raise $500K in pre-Series A round

Intercity logistics marketplace Trukky is raising $500,000 in a pre-Series A funding round from existing as well as new angel investors. Owned and operated by Trukky Logistics Pvt Ltd, the SME-focused, mobile-first intercity logistics services platform offers on-demand transportation solutions to both the full load and part load segments.
05/04/2017

Logistics startup ElasticRun raises $7 Million from Kalaari Capital, Norwest Ventures

Pune-based Ntex Transportation Services Pvt Ltd has raised $7 Million as part of a Series A round from Kalaari Capital Advisors Pvt Ltd and Norwest Venture Partners. The company, which runs and operates transportation technology startup ElasticRun, will use the proceeds to upgrade its tech infrastructure, on-board talent and expand […]
05/04/2017

Fin-tech firm Perfios raises $6.1 Million from Bessemer Venture Partners

Bangalore-based fin-tech firm Perfios Software Solutions Pvt Ltd has raised Rs 40 crore in its Series A round from Bessemer Venture Partners. The company will use the funds for global expansion, team ramp-up and potential acquisitions.
05/04/2017

Fresh produce distribution startup Waycool gets $2.7 Million from Aspada

Chennai-based Waycool Foods and Products Pvt Ltd, which operates omni-channel fresh produce distribution platform Waycool, has raised funding from impact investor Aspada Investment Company. Waycool, which operates predominantly in Tamil Nadu via a distribution hub in Chennai, will use the capital to expand to Bangalore and Hyderabad as well as […]
05/04/2017

SaaS startup Whatfix raises INR 24 Crore in Series A funding

Bengaluru-based B2B SaaS-based performance support startup Whatfix has raised INR 24 crore in Series A funding led by Stellaris Venture Partners with participation from existing VC investors Helion Venture Partners and Powerhouse Ventures. Marquee Angels Gokul Rajaram, Girish Mathrubootham, Aneesh Reddy, and Vispi Daver also participated in the round.
04/04/2017

Quicko Technosoft raises funds from Stellaris, others

Bengaluru-based Quicko Technosoft Labs Pvt Ltd, that helps companies create interactive text bubbles and ‘how-to’ guides on websites and apps through its product Whatfix, has raised INR 24 crore in series A funding led by Stellaris Venture Partners. The funding will be utilized for research and development and marketing the […]
04/04/2017

IoT startup Tyre Express raises angel funding

Enterprise IoT solutions startup Tyre Express Pvt Ltd has raised an additional amount in seed funding from an angel investor. The company is working on IoT-based solutions for vehicle diagnostics.
03/04/2017

Offline store aggregator Jhakaas raises seed funding

Mumbai-based Jhakaas Technologies Pvt Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised INR 1 crore (around $154,000) in seed funding from a clutch of investors. The funding will be utilized to develop the technology platform and boost merchant awareness.
03/04/2017

Former Blackstone exec leads $3.8 Million round in personal loan app CASHe

Aeries Financial Technologies Pvt Ltd, which operates personal loan app CASHe, has raised INR 25 crore in Series A funding led by Mathew Cyriac, former India co-head of private equity at Blackstone Group LP. CASHe disburses short-term personal loans of INR 5,000-1 lakh to young professionals based on their earning […]
03/04/2017

Gujarat Venture Finance bets $4.6 Million homeware maker Varmora Plastech

Venture capital firm Gujarat Venture Finance Ltd (GVFL) has invested INR 30 crore  from Golden Gujarat Growth Fund-I in Ahmedabad-based premium homeware manufacturer Varmora Plastech Pvt Ltd. Varmora Plastech will use the capital to expand its product range and market reach.
03/04/2017

Eruditus raises INR 53 crore from Bertelsmann India in series-B round

Eruditus Executive Education, a provider of executive education programmes, has raised $8 million (about INR 53 crore) in a series-B funding round from Bertelsmann India Investments. The company will use the funds to add new programmes with the existing and new university partners as well as expand its geographical reach […]
03/04/2017

Unicorn India Ventures makes maiden investment in fintech with SmartCoin

Early-stage venture fund Unicorn India Ventures, which is set to close its maiden fund in the range of INR 100 crore, has made its first investment in the fintech space, leading a round of about half-a-million dollars in Bengaluru-based microlending startup SmartCoin. The startup offers loans starting from INR 1,000 […]
03/04/2017

Edtech startup Testbook raises funds from Matrix Partners

Testbook, an education technology startup, has raised an undisclosed amount from venture capital firm Matrix Partners India. The company will use the funds for geographic and product expansion.
31/03/2017

Craft beer label Bira 91 raises fresh funding

Craft beer maker B9 Beverages Pvt Ltd has raised a round of growth capital from one of its existing investors.
31/03/2017

PharmEasy raises Series B funding of $16M led by Bessemer Venture Partners and Orios Venture Partners

PharmEasy, the Mumbai-based pharma platform, has raised a Series B funding of $16 million in a round led by Bessemer Venture Partners and Orios Venture Partners. This is the second round of funding the healthtech startup has raised. It had last year raised $5 million.
31/03/2017

Offline store aggregator Jhakaas raises seed funding

Mumbai-based Jhakaas Technologies Pvt Ltd, which runs the Jhakaas app that aggregates local offline businesses, has raised INR 1 crore (around $154,000) in seed funding from a clutch of investors. The investors are: Mumbai-based management consultancy firm Stelcore Management Services Pvt Ltd; Malini Patel, country manager, Bloomberg Data Services Pvt […]
31/03/2017

BigBasket raises funding from Trifecta Capital

Online grocery store BigBasket (Supermarket Grocery Supplies Pvt. Ltd) has raised INR 45 crore from venture debt firm Trifecta Capital to meet capital expenditure requirements, even as the company talks to a host of investors to raise at least $100 million (about INR 650 crore). The funds will be used […]
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