08/03/2017

Pi Ventures hits first close of maiden fund; MakeMyTrip, Flipkart co-founders invest

Early-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, […]
08/03/2017

Logistics company Rivigo Services raises INR 100 crore in debt

Logistics company Rivigo Services has raised debt financing of INR 100 crore from a clutch of private sector banks to expand its fleet of trucks. Rivigo is also preparing to introduce new products, including a technology to automate its trucking operations.
08/03/2017

Impact investor Accion raises $141 Million fintech fund

Global impact investor Accion International has raised a $141 million fintech fund to invest in companies that offer access to financial services to underserved consumers and businesses in emerging markets, including Asia. Accion Frontier Inclusion Fund will be managed by Quona Capital, a venture capital firm that supports fintech firms […]
08/03/2017

Blockchain-enabled gifting platform Easter Egg raises $400K seed investment

Easter Egg, a blockchain-enabled gifting platform, has raised $400,000 in its initial round of funding from Singapore-based early stage investment firm Wealthy Ideas. The funding will be utilized to expand to other geographies.
08/03/2017

First Step raises funding from Indian Angel Network

First Step Digital Pvt Ltd, that sells intimate hygiene products for women, has raised Pre series A round of funding from Indian Angel Network. Sanjay Mehta, Ishan Singh and Vikas Kuthiala led this round of investment. The funding will be utilized for marketing, team expansion and introducing new products.
08/03/2017

Impact investor Ankur Capital to launch $50 Million fund next year

Ankur Capital – Mumbai-based impact investor focused on innovative businesses in agriculture, healthcare, education, skill development and rural access – is positioning for the next leg of growth. The firm has expanded its team and is looking to launch a new fund of up to $50 million early next year.
08/03/2017

Smartphone maker Smartron raises funding from GlobalFoundries CEO

Homegrown smartphone maker Smartron has secured undisclosed financing from Sanjay Jha, the chief executive of GlobalFoundries, one of the world’s largest contract manufacturers of semiconductors. Hyderabad-based Smartron has so far launched a smartphone and a convertible laptop.
08/03/2017

Data science startup PipeCandy raises INR 7.3 Crore in seed funding

PipeCandy, a startup that runs an eponymous intelligent sales prospecting platform, has raised seed funding from institutional investors IDG Ventures, Axilor Ventures, Emergent Ventures and Indian Angel Network and a clutch of angel investors. The funding will be utilized to build intelligent models for new verticals.
08/03/2017

Logistics startup BlowHorn raises INR 25 Crore from IDG Ventures, Others

IDG Ventures along with Michael & Susan Dell Foundation has invested Rs 25 crore in intra-city logistics startup Blowhorn in a series-A round. Existing investors in the startup Draper Associates and Unitus Seed Fund also participated in the round.The funding will be utilized to expand operations to eight cities in […]
08/03/2017

Daily consumable goods app Supr Daily gets $120,000 from Y Combinator

The accelerator has picked subscription app Supr Daily, which delivers daily consumable goods such as milk, bread and eggs to users. As part of the accelerator programme, Supr Daily has raised $120,000 from Y Combinator, and is also part of its three month mentorship programme in Silicon Valley, which ends […]
08/03/2017

Cold pressed juice maker MyGreens acquires JusDivine

Delhi-based cold pressed juice maker MyGreens has acquired JusDivine for an undisclosed amount in an all equity deal to gain entry into the Mumbai market. The deal values the merged entity at INR 20 crore. The merged entity will operate under the MyGreens brand and look to launch operations in […]
07/03/2017

Accel, others invest $10 Million in AgroStar

Flipkart backer Accel is leading a $10-million series-B funding round in AgroStar, a mobile commerce platform for farmers to procure raw materials. The funds raised will be largely focussed on technological upgradation, which includes prioritising building technological capacities in-house, expanding across states in the country, besides focusing on hiring in […]
07/03/2017

IDFC-Parampara puts $1 Million in Data Resolve

Early-stage fund Parampara Capital, post its announcement of a tie-up with IDFC Alternatives, the private equity arm of IDFC Group, has announced its first investment in NCRbased cyber security and cyber intelligence startup Data Resolve Technologies. The funding will be utilized for scaling up sales and tech teams, executing expansion […]
07/03/2017

Chinese gaming company Youzu Interactive to invest $10 million in India in 2017

Listed Chinese gaming company Youzu Interactive is entering the Indian market with plans to launch local Indian casual strategy games in 2017 through its unit set to come up in Pune. Independent sources estimated the company would invest $10 million to create local games, scout for acquisitions and for investments […]
07/03/2017

Star India picks up stake in startup Zapr

Television broadcaster Star India has picked up a minority stake in Bengaluru-based media-tech startup Zapr Media Labs, which owns a proprietary technology that analyses television viewership with the help of audio recognition tool. Zapr provides targeted digital analytics and insights into offline consumption behaviour and Star India’s OTT platform Hotstar […]
07/03/2017

Fashion discovery platform SummerLabel raises seed funding

Gurgaon-based fashion and lifestyle discovery platform SummerLabel has raised INR 1 crore ($150,000) in seed funding from a clutch of high net worth individuals. The funding will be utilized to strengthen technology backbone and build a robust network of private labels, users and influencers, besides expanding the team.
07/03/2017

Gadget repair service PICKmE secures $1.79 Million from SIDBI VC

Mumbai-based PICKmE e-Solutions India Pvt Ltd has raised INR 12 crore from SIDBI Venture Capital Fund. Founded in February 2011 PickMe had started off as an incidental services platform, which would offer doorstep repair services for all handheld gadgets, including mobile phones, cameras, watches, cam recorders, laptops, MP3 players, tablets […]
06/03/2017

Deals platform Couponhaat raises funding from Austria-based angel investor

Couponhaat, a Delhi-based e-commerce company which provides best coupons and deals for online shoppers, has raised an undisclosed sum in its pre-Series A round from a private European Investor Axel Wawrina.  Started in 2015, Couponhaat helps online shoppers in discovering the best deals from the e-commerce brands and it works […]
06/03/2017

Infibeam acquires cloud ERP solutions provider DRC Systems

Infibeam Incorporation Ltd, India’s first listed e-commerce entity has signed memorandum of understanding (MOU) to acquire DRC Systems Pvt Ltd through its wholly owned subsidiary NSI Infinium Global Pvt Ltd. DRC Systems provides cloud ERP (enterprise resource planning) solutions and develops customized software for e-commerce applications.
06/03/2017

Ed-tech startup Nactus raises angel funding

Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors. The funding will be utilized to strengthen product platform and business development, and expand services to more cities.
06/03/2017

Sticker search app Emojifi raises angel funding

Emojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors. The funding will be utilized for marketing and enhancing the product.
03/03/2017

Alibaba to invest $177 Million in Paytm E-Commerce, hike stake to 62%

Paytm E-Commerce Pvt Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (INR 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding.Alibaba will invest $177 million (Rs 1,182 crore) while the rest […]
02/03/2017

OhoShop raises $1 million from Brand Capital

OhoShop, a software as a service (SaaS) based m-commerce enabler and maker of quick, affordable and branded mobile applications and websites for small and mid-sized enterprises, has raised $1 million in funding from BCCL’s Brand Capital. The funding will be utilized for marketing push.
02/03/2017

Invoice discounting startup KredX acquires Hummingbill

Invoice discounting startup KredX has acquired Hummingbill, an invoicing platform for small and medium businesses, for an undisclosed sum to strengthen its technology capabilities. Hummingbill’s Gmail plugin product allows for automated tracking of invoices and cash-flow management.
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