16/05/2017

Mswipe Tech acquires PayU India’s offline merchant biz

Mobile point of sale (PoS) solution provider Mswipe Technologies has acquired the offline merchant acquiring business of PayU India. PayU had an offline merchant acquisition team and has so far acquired over 9,000 offline merchants in the country.
15/05/2017

White Unicorn raises $20 Million fund to invest in European startups

White Unicorn Ventures, a Mumbai-based seed-stage investor, has closed its $20-million maiden fund and is looking to deploy a part of the capital in European start-ups. White Unicorn began operations in May 2016 and has already invested a little less than $5 million across 16 start-ups from the fund. Its […]
15/05/2017

Retail e-commerce platform Aequm raises $1 Million seed funding

Aequm Pte Pvt Ltd, a Singapore- and Bangalore-based firm that offers a cloud e-commerce platform for the unorganised retail sector, has secured $1 million in seed funding from undisclosed investors. The funding will be utilized to expand operations.
15/05/2017

Startup platform 5F World invests in Live History India

Ganesh Natarajan, former chief executive officer of Zensar Technologiesand chairman of Nasscom Foundation, and Cyrus Guzder, former promoter of AFL which was acquired by FedEx, have invested in digital content platform Live History India. Natarajan made the investment through his 5F World startup platform. The LHI platform will showcase historical […]
15/05/2017

IdeaSpring Capital makes its fourth investment in Zapty

Early-stage venture fund IdeaSpring Capital has made its fourth investment in workflow process management startup Zapty. The startup’s SaaS platform for cloud-based work management lets vertical teams and departments use Zapty’s proprietary micro work flow technology to work independently and collaborate real-time.
15/05/2017

Women’s sanitary pad maker startup Elize raises seed fund

Women’s sanitary pad maker startup Elize, that started its operations in January this year, raised an undisclosed amount of seed investment from leading angel investors like Sunil Kalra, Arun Venkatachalam from Murugappa Group, Startup Buddy Ventures and senior members from Arthur D Little Adnan Merhaba, Viditha Kanakamedala and Rohit Sethi. […]
12/05/2017

Nanotechnology startup Log 9 Materials raises funds from GEMs

Bangalore-based nanotechnology startup Log 9 Materials has raised an undisclosed amount in pre-Series A funding from Delhi-based venture capital firm GEMs. Incubated at the TIDES Incubation Centre of IIT Roorkee in November 2015, Log 9 Materials is attempting to create commercial nanotech products/technologies which can either be launched as a […]
12/05/2017

CapAleph, Zephyr invest INR 30 crore in agri startup Utkal Tubers

CapAleph Indian Millennium SME Fund and Zephyr Peacock India Fund have invested INR 30 crore in early-stage agri startup Utkal Tubers. Utkal Tubers, a potato seeds company, completed a year of operation in March 2017, producing 1,000 tonnes of potato seeds last year.
12/05/2017

Legal Raasta raises $5 Million in Series A round

Legal Raasta Technologies Pvt Ltd, which provides legal services to small and medium-sized enterprises (SMEs), entrepreneurs and professionals through an online platform, has raised its Series A round of funding from a North India-based growth-stage venture capital firm. The company, which runs its services through legalraasta.com, has raised nearly $5 […]
11/05/2017

Happiest Minds acquires specialised IoT company Cupola Technology

Bengaluru-based tech firm Happiest Minds Technologies has acquired specialised IoT(internet of things) services company Cupola Technology for an undisclosed amount. Founded in 2011 Cupola’s 100-memeber team will join Happiest Minds.
11/05/2017

B2B e-commerce startup Book My Diamond raises first funding round

Mumbai-based Book My Diamond Pvt Ltd, which buys loose diamonds from manufacturers and sells them to jewellers via an app, has raised an undisclosed amount in its maiden funding round from three individual investors. Book My Diamond allows jewellery retailers to search its live inventory of loose, certified diamonds and […]
11/05/2017

Online lending startup EarlySalary raises $4 Million from IDG, Dewan Housing

Social Worth Technologies Pvt Ltd, which runs online lending platform EarlySalary, has raised $4 million (INR 26 crore) in its Series A funding from IDG Ventures India and mortgage lender Dewan Housing Finance Corp. The startup, which offers salary advances and loans to young working professionals, will use the capital […]
11/05/2017

AI startup Niki.ai gets foreign VC fund on board

Bengaluru-based artificial intelligence (AI) startup Niki has raised fresh funds from a foreign investor.
11/05/2017

Storage startup ION Energy gets undisclosed amount of angel funding

Mumbai-based ION Energy, an energy storage startup, has received an undisclosed amount of angel funding from a clutch of investors. ION Energy specialises in creating a layer of infrastructure to enable the adoption of electric vehicles in India.
10/05/2017

Devourin raises seed funding from Deepak Nathani

Devourin, a restaurant automation solution provider, has raised an undisclosed amount of seed funding from Relfor Labs’ Deepak Nathani. Devourin offers a cloud-based platform for different kind of food businesses.
10/05/2017

Community building platform Fourth Ambit raises $600k from 1Crowd

Bangalore-based community building platform Fourth Ambit has secured $600,000 in funding from 1Crowd. Ambit is a specialist online platform for colleges that helps them to build and nurture vibrant student/ alumni communities.
10/05/2017

Indian unicorn ShopClues raises $7.7 Million in venture debt from InnoVen Capital

Online marketplace ShopClues has raised INR 50 crore in venture debt from InnoVen Capital. ShopClues said it raised debt primarily for day-to-day business activities.
10/05/2017

IFC to invest $10 Million in tech-focused VC Stellaris’ maiden $100 Million fund

International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners. The fund is focused on Series A and pre-Series A investments in technology and technology-enabled companies.
10/05/2017

Karnataka Government grants INR 10.70 crore to 26 startups in BioTech sector

The Karnataka Government today said it has granted funding to 26 startups in the BioTech sector to bolster innovation. The Department of IT and BT will support these startups to develop ideas, technologies and products which can have significant impact on the lives of people.
10/05/2017

Micro-lending platform Aye Finance receives debt funding from SBI

Gurugram-based micro-lending platform Aye Finance, that delivers business funding to Indian micro and small enterprises, has raised Rs 20 crore in debt funding from the State Bank of India. Spread across 33 branches in the country as a non-banking financial company, Aye Finance provides mortgage, hypothecation and term-loan services accessible […]
10/05/2017

SoftBank said near closing technology fund with $95 billion

SoftBank Group Corp is close to announcing commitments of as much as $95 billion for its technology fund. The Japanese company announced plans for the Vision Fund last year, aiming to create a vehicle that would become one of the biggest technology investors over the next decade.
10/05/2017

VR ad-tech firm Chymera VR raises angel funding

Chymera VR, a monetisation and advertising platform for virtual reality, has secured undisclosed funding from a clutch of angels, including People Group CEO Anupam Mittal, former head of operations at Airbnb Varsha Rao, former Google executive Surojit Chatterjee and chairman of HHC Holdings Nirav Choksi. The funding will be utlized […]
10/05/2017

SAIF plans $400 Million India fund

SAIF Partners, an early investor in mobile payments and digital wallet player Paytm, has begun raising its third India-dedicated fund of about $350-400 million. The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners all of […]
10/05/2017

Blockchain incubator Satoshi Studios invests in Curie Labs

Southeast Asia-based blockchain incubator Satoshi Studios has made its first investment in Delhi-based energy analytics startup Curie Labs. Satoshi Studios, which was launched in December 2016, provides startups $50,000 in funding for an 8-15% equity stake as part of its incubation programme.
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