15/12/2016

Online pharmacy platform 1mg acquires online consult platform MediAngels

Bright Lifecare, which owns and operates online pharmacy platform 1mg, has acquired Mumbai-based MediAngels, for an undisclosed sum. The acquisition marks the Sequoia Capital-backed company’s entry into the lucrative super speciality consultations, corporate health services and insurance partnerships.
15/12/2016

Digital entertainment startup Pocket Aces raises INR 20 Crore

Mumbai-based digital entertainment startup Pocket Aces has raised $3 million (about Rs 20 crore) in a funding round that was led by venture capital firm Sequoia Capital India and included North Base Media, Aarin Capital, Axilor Ventures and Freecharge founders Kunal Shah and Sandeep Tandon. The company has already built […]
15/12/2016

Drone maker ideaForge raises funding from Infosys

Infosys Ltd, India’s second-largest software services exporter has invested in homegrown drone maker ideaForge Technology Pvt Ltd. The investment was made from the Innovation Fund in a stock-exchange filing. ideaForge has built Unmanned Aerial Vehicles (UAV) that have been widely deployed by the Indian armed forces for surveillance, crowd monitoring […]
14/12/2016

Traveltech startup Qacco raises $150K in Angel Funding

Gurgaon-based travel-tech company, Qacco Hospitality Pvt Ltd, has raised $150,000 in an angel round led by Lead Angels Network (LAN). The funding will be utilized to develop Qacco’s technology and team.
14/12/2016

FitMeIn raises pre-Series A funding from Japan’s FiNC

FitMeIn, which provides users access to fitness studios and gyms on a subsidized monthly package, has raised an undisclosed amount from Japanese digital healthcare company FiNC in pre-Series A round. The startup is an online platform that offers multi-studio membership to premium fitness workout destinations in New Delhi and Mumbai.
14/12/2016

Ad tech company Mogae Media acquires Ngage from Nimbuzz

Ad tech company Mogae Media, has acquired Ngage, the ad tech platform of Nimbuzz, in an all-stock deal valued at INR 40 crore. Ngage is a cross device ad platform and counts most large agencies like Group M, OMD, IPG and others as its clients.
14/12/2016

Real-time cardiac monitoring company ten3T raises INR 1.65 Crore from pi Ventures,others

Real-time cardiac monitoring company ten3T has raised funding from angel funds including pi Ventures to beta test its first device. Ten3T, founded by a team of physicians and biomedical engineers, builds wearable medical devices that collect and integrate medical data in real time.
14/12/2016

FITPASS raises $1 million in seed funding

All-access pass to gyms and fitness studios FITPASS has raised $1 million in a seed round from Mumbai Angels and a consortium of Delhi and Bangalore-based angel investors. The funding will be utilized to expand the assistance-oriented service segment that requires customisation and enhancement for each individual user.
14/12/2016

Pune startup Serv’d gets $1 lakh grant from Bill and Melinda Gates Foundation

Pune-based startup Serv’d, which aims to bring about financial inclusion in the unorganized sector has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation. Serv’d is a peer-to-peer platform, a house management system, that allows users to manage […]
14/12/2016

Online freight service marketplace Comet raises funding from India Quotient,others

Mumbai-based Hyperflux Solutions Pvt Ltd, which operates Comet, an online marketplace for international freight services, has raised an undisclosed amount in a pre-Series A funding round led by early stage investment firm India Quotient.The funding will be utilized to build the team, technology and enhance market penetration.
13/12/2016

HR analytics startup inFeedo raises $200K in angel round

HR analytics startup inFeedo has raised funding of $200K from a group of investors led by Dheeraj Jain, Managing Partner, Redcliffe Capital and Anupam Mittal. The funding will be utilized to meet the growing demand and scale across India with plans to hit the international market in 2017.
13/12/2016

Online B2B commerce company OfBusiness raises INR 75 Crore

Online business-to business commerce company OfBusiness has raised INR 75 crore in a round led by Zodius Technology Opportunities Fund with participation of existing backer Matrix Partners India. OfBusiness started operations in January and has expanded its operations to five states or 10 clusters, focusing on the manufacturing and construction […]
13/12/2016

Fintech startup Indifi Technologies raises $10 Million in funding round led by Omidyar Network

Data-driven, fintech startup Indifi Technologies has raised $10 million in a fresh round of funding, which was led by Omidyar Network. Indifi, which was launched last year focuses on the vastly underserved micro, small and medium enterprises segment.
13/12/2016

Huzaifa Khorakiwala to launch an angel fund to support healthcare companies

Huzaifa Khorakiwala, executive director at Wockhardt and part of the promoter family of the group, will launch a healthcare-focused angel fund ‘Health Passion Fund’ with a corpus of INR 125 crore, to support startups in the field of healthcare.
13/12/2016

Cold-pressed juice startup Juice Up raises pre-Series A funding

Fresh Food Concepts Pvt Ltd, which sells cold-pressed juices under the Juice Up brand, has raised $2 million in a Pre-Series A round of funding led by angel investors Siddhartha Gupta and Ashvin Chadha. The funding will be utilized to upgrade production facility and enhance sales and distribution network.
12/12/2016

Hindustan Foods raises funding from VC firm Sixth Sense

Consumer-focused venture capital firm Sixth Sense Ventures has picked up around 16% stake in Hindustan Foods Ltd (HFL), a public-listed company for INR 8 crore. HFL which is owned by Vanity Case Group and Dempo group of Goa, makes PepsiCo Inc’s Kurkure snack brand. The company also manufactures foods for […]
12/12/2016

P2P lending platform Rupaiya Exchange raises $200K funding

Delhi-based fintech startup that facilitates peer-to-peer lending, Rupaiya Exchange, has raised $200K in its angel round of funding from HNIs and a group of professionals. The funding will be utilized to enhance technology and strengthen the team.
12/12/2016

SaaS Platform UrbanPiper raises funding from Axilor, angel investors

UrbanPiper has raised an undisclosed amount in funding from Axilor and a group of angels. The company, which runs a platform that enables hyperlocal businesses to go online will utilize the funds to enhance technology offering and scale up client base.
12/12/2016

Delivery Hero Holding GmbH acquires Foodpanda

Berlin-based online food takeaway service Delivery Hero Holding GmbH has acquired online marketplace for food delivery Foodpanda for an undisclosed amount. In exchange for all its shares in Foodpanda, Rocket Internet SE received newly issued shares in Delivery Hero increasing its stake in Delivery Hero to 37.7 per cent on […]
12/12/2016

Max Ventures acquires 1.99% stake in Nykaa

Max Ventures and Industries Ltd, part of industrialist Analjit Singh’s Max Group, has acquired a stake in online beauty essentials retailer Nykaa. The online marketplace sells products across categories ranging from skincare, hair care, fragrances, bath and body, and luxury products for both women and men.
12/12/2016

Kalaari leads Series A round in fashion e-commerce firm StalkBuyLove

Fashion e-tailer StalkBuyLove has raised around INR 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded. The startup sells women’s clothing and accessories. The company, which sells private labels only, […]
12/12/2016

Content delivery platform WittyParrot raises funding from Mumbai Angels, others

WittyParrot, a cloud-based content delivery platform has raised INR 3 crore ($450,000) in seed investment from Mumbai Angels and a few Silicon Valley-based angel investors. The funding will be utilized to expand sales team and grow footprint in the US and India.
09/12/2016

Hexagon Nutrition raises Series A funding from Somerset Indus Capital

Mumbai-based pharmaceutical company Hexagon Nutrition Pvt Ltd has raised an undisclosed amount in Series A growth capital round from Somerset Indus Capital Partners. The funding will be utilized to grow its branded consumer business segment globally.
09/12/2016

Paytm founder Vijay Shekhar Sharma raises INR 325 Crore by selling 1% stake

Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about INR 325 crore. This money will be pumped into the group’s proposed payments bank.
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