30/03/2017

Avendus Capital to raise independent tech fund

Avendus Capital, most widely known for its investment banking services in the digital space, will soon launch a digital and technology-focussed fund.
30/03/2017

China’s APUS Group acquires Siftr Labs

APUS Group, China’s fastest growing unicorn has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.Founded by veterans from Adobe, Qualcomm, and Samsung with significant expertise in machine learning, image processing, and mobile development, Siftr Labs is a leading technology-driven photo-curation platform.
30/03/2017

Health-tech startup Medinfi raises another angel round

Bangalore-based Medinfi Healthcare Pvt Ltd, a platform to search doctors and hospitals through the Web and mobile app, has raised $50,000 (INR 32 lakh) in its seventh round of angel funding from existing investors. Vinod Martin, COO at a Singapore-based IT services company, Hemant Kaul, former MD and CEO at […]
30/03/2017

Indus OS raises funds from JSW Ventures, others

Mumbai-based OSLabs Technology India Pvt Ltd, which runs smartphone operating system Indus OS, has raised an undisclosed amount in Series A2 funding from early-stage investor VenturEast and JSW Ventures. Existing investor Omidyar Network also participated in the round.
30/03/2017

Emflux raises funding to build India’s first electric sports bike

Bangalore-based Emflux Motors Pvt Ltd has raised an undisclosed amount in angel funding from a group of investors to make what it touts as India’s first electric sports bike. The investors include IIT Delhi alumnus and cryptocurrency expert Meher Roy; investment bankers Nikhil Arora, Meet Kanodia and Krit Sankalp; Nitish […]
30/03/2017

Facebook co-founder Saverin’s VC firm B Capital leads $25 Million round in Icertis

Cloud-based enterprise software firm Icertis Inc has raised $25 million in a Series C funding round led by B Capital Group, taking the total it has mobilised so far from investors to $46 million. Existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures also invested in the new round.
30/03/2017

SIDBI puts INR 20 crore in solar installation startup Oriano Solar through its private arm

Samridhi Fund, INR 450-crore fund owned by the private investment arm of Small Industries Development Bank of India (SIDBI), has agreed to make INR 20-crore investment in Mumbai-based solar installation startup Oriano Solar. The Series A investment comprises a mix of debt and debenture.
29/03/2017

Travel-tech startup Ithaka raises seed round

Mumbai-based Traveljunkie Solutions Pvt Ltd, which runs travel-tech startup Ithaka, has raised $325,000 in seed funding from a clutch of angel investors based in the US, Singapore and India. Ithaka will use the funds to build a personal, chat-based travel planning experience and forge overseas partnerships.
29/03/2017

Zuckerberg-backed edtech giant Byju’s ropes in $30M to go international

Byju’s, the company that runs one of India’s most popular edtech apps, has attracted a $30 million investment from Brussels-based family-run investment holding company Verlinvest. The newly garnered capital will be used for international expansion and acquisitions.
29/03/2017

Handset maker Intex launches $30 mn early-stage fund

Delhi-based mobile handset maker Intex Technologies has launched a $25-30 million (INR 150-200 crore) fund to invest in early-stage technology startups. The fund will invest in startups operating in areas that are a strategic fit for Intex, such as electronics, apps, mobile phones, human resources and sports.
29/03/2017

Online meat service startup Licious gets $10 million in funding

Online meat service startup Licious has secured $10 million in Series-B funding from a clutch of investors including existing backer Mayfield India and Mohandas Pai’s 3one4 Capital. The company will use the funds for expansion in other cities like Hyderabad and Delhi-NCR region and introduction of gourmet meats.
29/03/2017

ShopClues’ Sandeep Aggarwal has INR 20 crore for private investments

Sandeep Aggarwal, the founder of Droom and ShopClues, is seeking to establish himself as an entrepreneur-investor with a family office as well as a corpus nearly seven times his startup investments last year. Aggarwal has earmarked INR 20 crore for personal investments in nine-twelve startups this year.
29/03/2017

FalconBrick Raises Angel Funding, Aims To Redefine Construction Process For Real Estate

Real estate tech startup FalconBrick has secured an undisclosed amount in its Angel round of funding led by Satveer Thakral of Singapore Angel Network, LetsVenture, and Mumbai Angels. The round also saw participation from Apurva Salarpuria (founder, Salarpuria Sattva Group), Rahul Talwar (promoter family of DLF Ltd), Sidharth Pansari (Director, […]
29/03/2017

Rootr raises seed funding from Intex Tech

Sports engagement platform Rootr has received an undisclosed amount of seed funding from Intex, a consumer electronic goods and accessories making company. The startup will use the money to strengthen its tech team at Rooter, all the while maintaining a lean structure
28/03/2017

AdUrCup raises $325k in pre-Series A round

AdUrCup, a startup operated by Adcount Technologies Pvt Ltd has raised around $325,000 in pre-Series A round of funding from undisclosed investors as well as existing backers. AdUrCup plans to use this latest funding to expand its operations to new cities as well as building stronger unit economics.
28/03/2017

Fintech startup Perpule raises $650k from Kstart Capital

Fintech startup Perpule has raised $650,000 in a funding round led by Kstart Capital, the sister concern of VC firm Kalaari Capital. The round also saw participation from venture fund Venture Highway and Raghunandan G, cofounder of TaxiForSure.
28/03/2017

Capillary Tech buys stake in CRM-based startup Exclusife

Capillary Technologies has acquired a minority stake in Exclusife by investing an undisclosed amount in the CRM-based startup that targets small and medium retailers in India. The capital will be utilized to expand to 11 more cities by the end of the next financial year and penetrate further into the […]
27/03/2017

Fashion portal Fynd raises $500K from Venture Catalysts

Online fashion marketplace Fynd, run by Shopsense Retail Technologies Pvt Ltd, has raised $500,000 from seed investment platform Venture Catalysts in its Series A round of investment. The funding will be utilized to enhance its consumer offerings and strengthen its brand strategy.
27/03/2017

Cross Border Angels commits $500K into eight startups

Cross Border Angels , the investment network started by US-based Scaale Group three years ago, has committed to invest at least $500,000 in eight Indian startups. The startups include Mumbai-based Shirsa Labs Pvt Ltd, Hyderabad-based EdgeFx Technologies Pvt Ltd, Jaipur’s eShiksa and Pune-based 14Square.
27/03/2017

Sports Flashes raises angel round

New Delhi-based India Sports Flashes Pvt Ltd, which operates sports content app Sports Flashes, has raised an undisclosed amount in angel funding from Vikas Bajaj, joint managing director, Bajaj Motors Ltd, and Amit Kharbanda, founder, MyBox Technologies Pvt Ltd. The app is currently available to users in five languages.
27/03/2017

Medical tourism startup Oxa raises seed funding from Idein Ventures

Healthcare startup Oxa Medical, which provides curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE-based Idein Ventures Pvt Ltd. It will use the money to build its technology stack and expand its operations.
27/03/2017

Education sector-focused PE firm Kaizen marks first close of second fund

Education sector-focused private equity (PE) firm Kaizen Management Advisors Pvt. Ltd said it has marked the first close of its second fund—Kaizen Private Equity II—at Rs285 core (about $42 million) with five investors that included institutions and strategic education companies. Some of Kaizen’s portfolio companies include Neev Knowledge Management Pvt. […]
27/03/2017

Personal assistant platform DoneThing raises Rs 2 crore from Brand Capital

DoneThing, an on-demand personal assistant service, has raised Rs 2 crore (about $300,000) funding from Brand Capital. The startup will use the funding for geographical growth and service expansion.
27/03/2017

Marketing automation startup Wigzo raises funds for expansion

Marketing automation platform Wigzo has raised an undisclosed amount of funding in a bridge round that was led by existing investor 3one4 Capital. The round also saw the participation from Aarin Capital, Advantedge Partners and a bunch of angel investors, including Arjun Sharma of Select Hospitality, and Mohit Gulati of […]
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