17/11/2016

Marketplace for luxury brands vClusive raises $ 6.3 Million from Hunch Ventures

vClusive, an omni-channel marketplace for luxury brands, has raised funding in a round led by venture capital firm Hunch Ventures. A clutch of angel investors also took part in the round. The funding will be utilized for technology development, marketing and branding campaigns.
17/11/2016

Legal tech startup LawRato raises funding from IAN

LawRato, a Delhi-based legal tech startup, has raised an undisclosed amount in its pre Series A round of funding from Indian Angel Network (IAN). The funding round was led by IAN co-founder Alok Mittal.  As a part of the investment, IAN members VP Rajesh and Srikant Sastri will join the […]
17/11/2016

Health-tech startup Aermed raises seed funding

Aermed, a full-service online pharmacy and lab aggregator, has raised an undisclosed amount of seed funding in a round led by Hitesh Windlass, CEO of Windlas Healthcare. The company which was bootstrapped until now has got its first major influx of money to expand operations.
16/11/2016

TV Mohandas Pai-backed realty fund raises nearly $ 30 Million

Neev Asset Advisors LLP, a new real estate-focused investment firm, backed by Manipal Education Group chairman Mohandas Pai and chief executive of Manipal Education and Medical Group, Ranjan Pai, and other investors, has raised INR 200 crore and made its first investment in a project in Bengaluru. The fund, Neev […]
16/11/2016

Data analytics firm Scienaptic raises funding from former Genpact head

Data analytics firm Scienaptic Systems Inc has received an undisclosed amount of funding from Genpact founder and former Nasscom chairman Pramod Bhasin. The two-year-old startup is headquartered in New York and has an engineering centre in Bengaluru. The funding will enable Scienaptic to continue developing its unique big data platform, […]
16/11/2016

Home rental platform NoBroker raises funding from Paytm founder

Bengaluru-based NoBroker Technologies Solutions Pvt Ltd, which runs a peer-to-peer (P2P) property listing portal for renting homes NoBroker, has raised an undisclosed amount of investment from Paytm founder Vijay Shekhar Sharma. The funding will be utilized for the next phase of growth and customer acquisition.
16/11/2016

Cloud-based health monitoring company Stasis Labs raises $ 5 Million in seed funding

Stasis Labs, a cloud-powered health monitoring company, has raised $5 million in its seed investment round led by RTP-Healthcare Ventures, the healthcare-focused investment arm of RTP Ventures. The funding will be utilized for expanding throughout Indian hospitals and preparing to enter the US and other markets worldwide.
15/11/2016

Logistics startup ElasticRun raises $2 Million from Kalaari Capital, Norwest Venture Partners

Kalaari Capital and Norwest Venture Partners have invested $2 Mn in ElasticRun, a Pune-based stealth startup. Founded in 2015, ElasticRun technology allows its customers to run the transportation and supply chain systems in an asset light mode.
15/11/2016

Mobile gaming startup PlaySimple raises $ 4 Million from SAIF Partners, IDG Ventures

Bengaluru-based mobile gaming startup PlaySimple Games Pvt Ltd has raised $4 million (nearly Rs 27 crore) in a Series A round led by SAIF Partners and IDG Ventures India. The funding will be utilized to develop new games, develop team and on marketing campaigns.
15/11/2016

Online insurance brokerage startup GramCover raises funding from Omnivore Capital

Omnivore Capital, which makes early-stage investments in agricultural and food technology companies, has invested $ 1 million in GramCover,  an insurance marketplace for the rural sector.
15/11/2016

Fintech startup Active.ai raises $3 Million from Kalaari Capital and IDG Ventures India

The Singapore based fintech startup, using artificial intelligence (AI) to deliver virtual assistant banking services, has raised $3 million (approx INR 20 Crore) funding from IDG Ventures India and Kalaari Capital. The funding will be utilized for the growth of the startup’s product platform for banking and payments into Asia […]
15/11/2016

Aon Hewitt acquires hiring assessment company CoCubes

Aon Hewitt, the global talent, retirement and health solutions business of Aon Plc, has acquired CoCubes, a hiring assessment company based in India focused at entry level. With this transaction, Aon Hewitt adds two million assessments to its existing global portfolio of 20 million assessments spread across 164 countries, according […]
15/11/2016

Preloved furniture startup GoZefo raises INR 40 Crore from investors

Refurbished furniture and appliance marketplace GoZefo has raised INR 40 Crore in a funding round that was led by venture fund Sequoia India. The funding will be utilized to tap the value-conscious online customer. GoZefo promises verified photographs and detailed assessments of each piece of furniture and appliance listed on […]
14/11/2016

Paytm acquires hyperlocal fashion platform Shopsity

Online payments and ecommerce marketplace Paytm has acquired Delhi-based Shopsity in a bid to strengthen its offline retail network. Shopsity follows an online-to offline model that offers solutions to small retail stores. Through the acquisition, Paytm is looking to create seller-focused services for its offline merchants. The company is in […]
14/11/2016

South African media giant Naspers floats VC arm in India

South African media and internet conglomerate Naspers has established a venture capital arm in India with an aim to explore new growth and investment opportunities in the country. Nasper’s India VC arm will explore investing in technology-focused startups in areas like healthcare, education and logistics, besides consumer internet and online […]
14/11/2016

Infosys invests in software-defined servers provider TidalScale

Country’s second-largest IT firm Infosys has invested an undisclosed amount in US-based TidalScale. The California-headquartered firm’s solution collates all physical server resources as if it were running on a single large computer to help clients with large computing problems. TidalScale helps companies draw insights from big data faster, more easily […]
11/11/2016

Digital marketing firm Mogae Media acquires video platform Ao1

Digital marketing firm Mogae Media Pvt Ltd has acquired personalized video platform Ao1 from ad-veteran Ashish Dabral, a former chief executive of Dentsu Marcom, in a share-swap deal. As a part of the acquisition, Mogae Media will have full ownership of the video platform and will provide funds for its […]
11/11/2016

Health-tech startup Life in Control raises funding from RoundGlass Partners

Curo Healthcare Technologies Pvt Ltd, which runs a digital diabetes management programme under the brand Life in Control, has raised funding from US-based venture capital firm RoundGlass Partners. Founded in 2015, The Life in Control app, which is available both in Android and iOS platforms, is designed to connect doctors […]
11/11/2016

Online golf community and marketplace Golflan raises $1 Million from Yournest and Africa’s iSon group

Online golf community and marketplace GolfLAN has raised $1 million from existing investors, YourNest Angel Fund and African IT/ITES group, iSON. The funding will be utilized to expand to Africa, and South East Asia through Malaysia, Singapore, Indonesia, Thailand and Vietnam and strengthen position in the Middle East.
10/11/2016

Data sciences startup Yottaasys raises angel funding from Gleevoaz Ventures

Bangalore-based data sciences startup, Yottaasys has raised an undisclosed amount of funding from Gleevoaz Ventures. The funding will be utilized for the company’s flagship product Decision Sciences Factor (DSF), which helps enterprises execute data sciences tasks and predict outcomes in almost real-time manner.
10/11/2016

Mobile payments company ToneTag raises funding from Arun Seth, TV Mohandas Pai, others

Naffa Innovations Pvt Ltd, a mobile payments company that operates as ToneTag has raised an undisclosed sum from a clutch of investors. The funding will be utilized to expand user base and grow the number of merchants that accept cashless transactions. ToneTag enables contactless digital transactions on mobile phones, card […]
10/11/2016

Job portal iimjobs.com raises $ 2 Million from India Quotient, others

Job portal iimjobs, run by Highorbit Careers Pvt Ltd, has raised $2 million (Rs 13 Crore) in its Series A round of funding led by early-stage investment firm India Quotient.  The funding will be utilized for product, engineering, and increasing sales reach and infrastructure.
10/11/2016

Property search aggregator Square Yards raises $12 Million from Reliance Group’s PE arm

Gurgaon-based property search aggregator Square Yards Consulting Pvt Ltd has raised  INR 80 Crore ($12 million) from the private equity arm of billionaire Anil Ambani’s Reliance Group.The funding will be utilized to enhance distribution network across India and overseas and expand operations to more than 25 countries.
09/11/2016

Go-Jek acquires app development startup LeftShift

Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyper-local shopping app Go-Jek, has acquired Pune-based app development startup LeftShift Technologies Pvt Ltd for an undisclosed amount.The acquisition is aimed at strengthening and upscaling Go-Jek’s product development, design and engineering platforms to support the unicorn’s burgeoning Indonesia operations.
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