04/10/2016

Speech recognition startup Uniphore raises $ 2 Million funding from IDG Ventures, others

Chennai-based speech recognition startup Uniphore Software Systems has raised $2 million in a bridge round led by IDG Ventures with participation of existing investors, including Indian Angel Network (IAN) and YourNest Angel Fund. The company has worked with over 70 enterprise customers and served over 4 million users. It has […]
03/10/2016

American Express Ventures leads Series C funding for Helpchat

Coraza Technologies Pvt Ltd, which runs Helpchat and OneDirect, has secured a Series C round of funding led by American Express Ventures, the venture investment arm of American Express Co, and existing investor Sequoia Capital. Founded in 2010 Helpchat in its new avatar is an artificial intelligence based platform, while […]
03/10/2016

Oil India announces INR 50-cr startup fund

State-run Oil India Ltd has announced an INR 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. OIL Start-up fund shall focus on promoting entrepreneurship amongst youth, especially of the North East India, by enabling the growth of startups for addressing […]
03/10/2016

Microbrewery Gateway looks to raise $3 Million

Gateway Brewing Co, Mumbai’s first microbrewery, is in advanced talks with investors to raise around $3 million in its Series A round. The funding will be utilized to start bottling operations for distribution of their beer across the country.
03/10/2016

DSGCP plans second close of $40m Fund II soon, to invest in two new consumer deals

DSG Consumer Partners, which is among the rare non-tech early stage investment firms, and focuses on consumer business, is looking to make the second close of its $40 million fund, in the next two months. It is also in  an advanced talks to seal two new deals in India.
03/10/2016

Japanese firm invests INR 33 crore in Mystifly

One of the funds owned by Japanese private equity firm Recruit Holdings has invested $5 million (Rs 33 crore) in Mystifly, valuing the four-year-old airline ticket aggregator at INR 250 crore. My FareBox, the business-to-business global airfare market place owned by Mystifly, will use the money to invest in technology, […]
30/09/2016

Mahindra Agri Solutions invests in e-commerce platform MeraKisan

Mahindra Univeg has invested in Mera Kisan, an e-commerce startup, which sources fresh vegetables and fruits directly from farmers and sells it to the customer. Mahindra Univeg is a 60:40 joint venture between Mahindra Group’s Mahindra Agri Solutions and Belgium-based Univeg (Greenyard Foods).
30/09/2016

Cybage co-founder Deepak Nathani invests in vehicle maintenance startup Demyto

Cybage cofounder Deepak Nathani has invested an undisclosed amount in vehicle maintenance startup Demyto for a 20% stake in the company. Demyto, or deal with my auto, was set up in 2015 in Pune and offers car servicing, as well as allied products like tyres and spares along with insurance […]
30/09/2016

Bengaluru-based Bitcoin startup Unocoin raises INR 10 crore

Bengaluru-based Bitcoin startup, Unocoin has raised approx INR 10 Crore in a funding round from Blume Ventures, Mumbai Angels and ah! Ventures along with international investors such as Digital Currency Group, Boost VC, Bnk to the Future and FundersClub. The funding will be utilized for product development, team expansion and geographical […]
30/09/2016

IvyCamp partners with Zhucloud; aims to bring Chinese investment options to Indian startups

IvyCamp and Zhucloud have entered into a partnership to provide Chinese investors access to Indian startups.IvyCamp is a unified technology-based platform for innovation and entrepreneurship, is an initiative of IvyCap Ventures. Zhucloud is an initiative of Incapital.
30/09/2016

Social networking platform writers Kalaage raises funding from Rajasthan Angel Innovators Network

Social networking platform for writers Kalaage has received funding from Rajasthan Angel Innovators Network. The funding will be utilized to enhance its technology and collaborations with publications and writing communities. It will also be used to expand its marketing and operations in the South Asian market and enter the North […]
29/09/2016

Zee forays into radio, acquires UAE-based FM station ‘Hum 106.2’

Zee Entertainment Enterprises Ltd (ZEEL), which operates entertainment channels like Zee TV and Zee Cinema forays into radio broadcasting space with the acquisition of UAE-based radio station. ZEEL already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.
29/09/2016

Education e-commerce platform Fastudent raises Pre-Series A funding

Fastudent, an education e-commerce platform that sells everything from textbooks to stationery for students, has raised an undisclosed amount of Pre-Series A funding from a bunch of investors. The startup will be expanding to private schools in other markets like Bangalore, Pune and Mumbai by 2017. Fastudent has 200 institutes […]
29/09/2016

Market Mojo raises INR 2 Crore gets valued at $10 Million

Mumbai based technology startup Market Mojo has raised Rs 2 crore in funding from a high net worth individual which put the valuation of the company at around $10 million. The company has developed its own algorithm which tracks all the 4000 companies which is not done presently by any […]
29/09/2016

Sequoia leads $51 Million round in cloud data backup firm Druva

Silicon Valley-based cloud backup and data protection firm Druva Inc has raised $51 million (Rs 340 crore) in a new round of funding led by existing investor Sequoia Capital India. The funding will be utilized to accelerate both product innovation and adoption, while enhancing product capabilities across Druva’s secure cloud […]
29/09/2016

Swastika invests in outstation taxi marketplace InstaCar

Hong Kong-based online outstation taxi marketplace InstaCar has received $1 million in seed round of funding from Hong kong-based Swastika Company Pvt Ltd. The funding will be utilized to scaling up operations, marketing, and brand building.
29/09/2016

Now Capital backs local commerce site Promon.in

Promon, a local commerce platform, has received $180,000 in a bridge round of funding from Delhi-based investment firm Now Capital.  The startup is a deals-based consumer engagement platform for retailers to get customers. To avail deals the customer has to promote the seller via personalised digital advertisements on social networking […]
29/09/2016

Men’s grooming products maker Beardo raises $500K from Venture Catalysts, others

Men’s grooming brand Beardo has raised $500,000 in seed funding from Mumbai-based Venture Catalysts and other investors. The funding will be utilized to expand reach offline and upgrade logistics and infrastructure network.
28/09/2016

Fintech startup for daily wagers InMotion raises funding from 1Mg founders, others

Noida-based fintech company InMotion Media Ventures has received an undisclosed amount in Pre-Series A round of funding, led by online pharmacy 1mg’s founders Prashant Tandon and Gaurav Agarwal. The round is not yet closed and InMotion is looking to raise a total of $225K (INR 1.5 Cr) from other investors. […]
28/09/2016

Virtual health clinic Celes Care raises seed funding from Endiya Partners, others

Celes Care, a Hyderabad-based virtual health clinic for women, has received around $1 million  in a seed round of funding from early-stage venture capital firm Endiya Partners and a few affluent individuals. The funding will be utilized for technology enhancement, marketing and brand building.
28/09/2016

YES Bank launches full service banking proposition for start-ups

Private sector lender YES BANK has launched Yes: Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. The program will offer will offer Customized Current Account, Innovative Digital & Cash Management Solutions, Comprehensive Trade-Forex Advisory Services, Dedicated ‘Start-Up’ focused Branches, Personal Banking Products […]
28/09/2016

Platform for artists Canvs.in raises funding from former Housing.com marketing chief

Canvs, a community for artists and designers in India, has received an undisclosed amount of angel investment from Pratik Seal, former chief marketing officer at Housing. The funding will be utilized to expand its business and grow its community of designers.
28/09/2016

Sequoia-backed BankBazaar invests $752k in its Singapore unit

A&A Dukaan Financial Services Pvt Ltd; which runs financial services marketplace BankBazaar has invested $1 Million Singapore dollars, (about INR 5 crore) in its wholly-owned subsidiary in Singapore that will operate BankBazaar sg portal. The funds will be utilized for scaling technology and team expansion.
28/09/2016

NIIT acquires Bengaluru-based start-up Perceptron

The National Institute of Information Technology (NIIT) has acquired the Bengaluru-based start-up Perceptron. The strategic acquisition is expected to bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Training.com. Started in 2014, Perceptron focuses on […]
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