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 […]
09/09/2016

BeeNext to do one investment per month till year-end

From used-car marketplace Droom to industrial goods e-commerce website Industry Buying and Bangkok-based, Indian-run Zilingo in its portfolio BeeNext  aims to do an investment a month until the end of this year. The cheque size varies from $200,000 to $5 million and with the recent deflation in the valuation bubble.
09/09/2016

Buildtraders secures $200K in seed funding from UAE based Idein Ventures

Bengaluru-based BuildTraders, an ecommerce-based building materials trading company, has raised $200K  in seed funding from UAE-based Idein Ventures.The funding will be utlized to enhance its technology, infrastructure and strengthen its supplier base.
09/09/2016

Former Snapdeal CPO invests in peer-to-peer rentals venture

Former Airtel and Snapdeal chief product officer Anand Chandrasekaran has invested in Bengaluru-based peer-to-peer rentals venture NoBroker Technologies Solutions. Founded in 2013, NoBroker allows customers to bypass the ubiquitous middleman from all property-related transactions, and operates on subscription-fee model.
09/09/2016

Mark Zuckerberg’s foundation leads $50 Million funding in Byju’s

Ed-tech startup Byju’s has raised $50 million (Rs 332 crore) in a round co-led by Chan Zuckerberg Initiative (CZI), marking the first investment of the philanthropic foundation of Facebook founder Mark Zuckerberg and wife Priscilla Chan in Asia. The funding will be utilized to move towards the next stage of […]
08/09/2016

Gurgaon-based Burger Singh raises $1Million funding

Gurgaon-based burger chain Burger Singh owned by Tipping Mr Pink Pvt Ltd has raised an additional fund taking the total amount to $1 million in FY 2016. The money will be utilized to expand geographically beyond Gurgaon.
08/09/2016

Edtech startup Makkajai Edu Tech raises $250K

Ed-tech start-up Makkajai Edu Tech Pvt Ltd has raised $250,000 from Ananth Narayanan, chief executive of Myntra; Anand Chandrasekaran, former chief product officer of Snapdeal; Mekin Maheshwari, former chief people officer of Flipkart; Ravi Garikipati, head of engineering Flipkart; among others.  The funding will be utilized for team expansion.
08/09/2016

Bengaluru-based FloCareer raises $150K in seed funding

Bengaluru-based skills validation platform FloCareer has raised $150,000 in seed funding from a clutch of angel investors including Balasubramanian Krishnamurthy, former VP-Engineering of SAP and US-based technology evangelist Sidhartha Hazarika. The funding will be utilized to strengthen its platform, while also marketing itself to job seekers and companies.
08/09/2016

Healthcare startup AlternaCare raises $500K in seed funding

Healthcare platform AlternaCare has raised $500,000 in seed funding from Eros Labs. The funding will be utilized for product development, strengthening the team, branding within their relevant target audience, and geographic expansion.
08/09/2016

Online classifieds portal Quikr acquires vehicle servicing platform Stepni

Online classifieds platform Quikr, has acquired Stepni, a platform that connects vehicle owners with service providers nearest to them. Under the terms of the acquisition Stepni’s founders and team will join QuikrCars with immediate effect and the platform will be integrated with QuikrCars. The acquisition is aimed at strengthening Quikr’s […]
08/09/2016

GrowthStory-backed health-tech startup Grow Fit acquires Drink King

Grow Fit, a health-tech startup run by Bangalore-based Healthzone Organic Foods Pvt Ltd, has acquired health-focused beverage manufacturing startup Drink King. With this acquisition, Grow Fit will start providing expert health advice, customised diet plans, therapeutic & functional foods, and nutritional beverages.
08/09/2016

Shopclues to invest INR 1 Crore across 4 startups

Online marketplace ShopClues, which entered the unicorn club in January this year, will invest a total of INR 1 crore across four startups.This collaboration also entails assistance in operations, technology and strategic partnerships that ShopClues intends to provide to these startups.
08/09/2016

CareerNet, Ideation Initiative invest $670K in test-prep startup TopRankers

Bangalore-based online test preparation startup TopRankers has raised $670,000in angel funding from CareerNet Consulting Pvt Ltd and Ideation Initiative Pvt Ltd. The funds will be utilized to expand technology and marketing verticals and 15% would be spent on research and development.
07/09/2016

Women’s apparel e-tailer eShakti raises fresh funding

Chennai-based eShakti Pvt Ltd, operator of an online women’s apparel retailer, has raised INR  9 crore through a preferential allotment of shares, from two investors. eShakti, which targets the US and Canda and operates an Indian e-commerce unit under Zapelle.
07/09/2016

Social gifting platform CheersOye! raises angel funding

iPanache Pvt Ltd, which runs social gifting platform CheersOye!, has raised angel funding  of little less than $500,000 from a group of affluent individuals. The funding will be utilized to introduce other entertainment categories, hire staff and expand to other cities.
07/09/2016

Ed-tech startup Prozo gets funding from London VC firm

Prozo, an online marketplace for buying and selling study material, has raised its Pre-Series A round of funding from a London-based venture capital firm and two affluent individuals. Prozo claims to be a search engine where students can buy books, e-learning content, coaching material and personal notes.  As per its […]
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