14/02/2017

Unicorn India to close $15 Million maiden fund by March-April

Unicorn India Ventures, a Mumbai-based early stage technology-focused venture fund, is expecting to close its maiden fund Unicorn Venture Fund – I with a corpus of INR 100 crore ($15 million) by March-April 2017. Founded in 2015 Unicorn India plans to invest in IoT and fintech startups.
14/02/2017

Expense management platform Fyle Technologies raises INR2.7 Crore in a seed round

Fyle Technologies, a computer vision-enabled expense management platform for enterprises, has raised $400,000, in a seed funding round led by early-stage fund Pravega Ventures. The funding will be utilized to expand business outreach to large and mid-size enterprises in the country.
14/02/2017

JLL India invests in NCR-based startup Cloud1 Enterprises

Property consultant JLL India’s arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. Cloud1 offers a managed services model to its clients via a telematics-enabled employee transport platform seamlessly integrated into the vehicle.
14/02/2017

Chatbot NearGroup selected for FbStart

NearGroup has been selected by social networking giant Facebook Inc for its FbStart programme and will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, Dropbox and MailChimp. Besides, it will get free access to more than 25 services, including open source tools like React Native, […]
14/02/2017

US-based Draper Venture Network and Blume Ventures form strategic alliance

Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world. The alliance will give Blume Ventures’ portfolio companies access to a global network of corporate and ecosystem relationships.
14/02/2017

Former Citigroup exec invests in data analytics firm Connaizen

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount from Vikram Sud, former Asia Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group. Founded in 2015, Connaizen provides targeted marketing solutions to merchants through its collaboration with financial institutions.
13/02/2017

Parenting app Nurturey raises over $330k in angel funding

Nurturey, a mobile app for parents, has raised over $330,000 in angel funding from a group of investors including Mohit Joshi, a president at Infosys Ltd. The funds will assist the organisation in developing new features that will make the application a more intelligent personal assistant for parents.
13/02/2017

Med tech co SigTuple raises $5.8 Million funding from Accel Partners, others

SigTuple, an artificial intelligence-based medical technology startup, has raised funding in a round led by Accel Partners along with institutional investors such as IDG Ventures India, Endiya Partners and Pi Ventures. The funding will be utilized to expand the team, take the product to user-adoption stage followed by commercialisation, and […]
13/02/2017

IoT-based co Flutura Business Solutions raises $7.5 Million

Bengaluru-based Flutura Business Solutions, an IoT (Internet of Things) focused data analytics firm, has raised INR 50 crore in a fresh round of funding led by Vertex Ventures, the venture capital arm of Singapore Government’s investment company Temasek Holdings. Flutura specialises in decision analytics for the energy and engineering sector, […]
13/02/2017

Nasdaq plans venture arm to back fintech firms

Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses. Nasdaq is best known for running stock exchanges around the globe, but it is also one of the largest providers of technology to other exchanges […]
13/02/2017

Auto services startup GoBumpr raises funding from Chennai Angels, others

Northerly Automotive Solutions Pvt Ltd, which runs and operates automobile services platform GoBumpr, has raised $300,000 (INR 2 Crore) in a round led by The Chennai Angels. The funding will be utilized to expand to other cities and boost technology platform.
10/02/2017

Travel startup Wandertrails raises $1 Million funding from UK’s Earlsfield Capital

Bengaluru based travel startup Wandertrails has raised $1 million seed funding from UK-based Earlsfield Capital, a venture capital firm based in UK. The funding will be utilised for expanding its operations across India and build products.
10/02/2017

Ganesh Natarajan invests in Zeve Capsol

Ganesh Natarajan, chairman of 5F World has invested in Zeve Capsol, the company that operates the 1Crowd platform in his personal capacity. Following this, Natarajan joins the board of Zeve Capsol, which is working to create an ecosystem for startups and investors. It currently has assets under management worth INR […]
10/02/2017

Foodtech startup 48East raises $500K in Pre Series A funding

Bengaluru-based foodtech startup 48East, has raised $500K in Pre Series A funding from UAE-based Al Dhaheri family. The funding will be utilized for setting up new kitchens, enhancing logistics, ramping up technology and marketing.
10/02/2017

AI startup Botworx.ai raises $3 Million from Costanoa Ventures, SV Angel

California-based Botworx, a conversational commerce platform, has raised $3 million in seed investment led by Costanoa Ventures with support from SV Angel. The funding will be utilized to build its platform and enable brands to acquire, engage and transact with consumers through popular messaging apps like Facebook Messenger, WeChat and […]
10/02/2017

Fashion discovery platform Wooplr raises $ 8 Million from Sistema Asia Fund, others

Wooplr Technologies Pvt Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC. The round also saw participation from Singapore-based private equity firm Amereus Group and […]
09/02/2017

Voonik raises $6 Million from Sequoia, Singapore’s RB Investments

Start-up Voonik Technologies Pvt Ltd, owner of the Voonik fashion app, has raised $6 million (INR 40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital. The company runs a lean marketplace business where it operates without inventory and fulfilment centres.
09/02/2017

Nuance Communications acquires Noida-based mCarbon Tech for $36 million

Nasdaq-listed voice and speech recognition company Nuance Communications has acquired Noida-based mobile value-add services venture mCarbon Tech Innovations in a cash-and-stock transaction, estimated at about $36 million (INR 240 crore). Founded in 2008 mCarbon Tech Innovations, which started off focusing on core network value add services, provides innovative revenue uplift […]
09/02/2017

Automobile classifieds portal CarTrade raises $55 Million from Temasek Holding, others

Automobile classifieds portal CarTrade has raised INR 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office. The funding will be utilized to make acquisitions, expand into new areas like auto finance, and sharpen services to consumers, […]
09/02/2017

Fleet management firm Mind Your Fleet raises angel funding

Noida-based Kromozones Software Pvt Ltd, which runs and operates fleet management solutions provider Mind Your Fleet, has raised an undisclosed amount in a bridge round of funding from a group of angel investors. The funding will be utilized for product development, and sales and marketing.
08/02/2017

Micromax to launch Orbis Capital – $100 Million fund for consumer internet startups

Indian mobile handset brand, Micromax will reportedly set up an independent fund to invest in consumer internet companies worldwide. The fund is expected to raise up to $100 Mn (INR 680 Cr). Micromax will be the lead investor in the fund. The fund will invest in 10-12 startups with a […]
08/02/2017

Edurev raises $40k from FbStart programme

Gurgaon-based edtech startup Edurev has received $40,000 from Facebook‘s FbStart programme.  As part of the funding, the company will also get free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Facebook will also give free access to more than 25 services […]
08/02/2017

Cofounder of Blippar Ambarish Mitra invests in genomics company Global Gene Corp

Cofounder and CEO of Blippar, Ambarish Mitra is leading a consortium that is investing in Global Gene Corp. Global Gene Corp is a genomics platform committed to decoding DNA of every ethnic group to help deliver ‘precision medicine’ for all.
08/02/2017

IoT-based energy management startup Zenatix raises Rs 8 crore from investors led by pi Ventures

Zenatix Solutions has raised INR 8 crore from investors led by pi Ventures in a pre-series A round which also saw participation from existing investor Blume Ventures. Aiming to address the energy efficiency problem faced by a range of customers, the company uses advanced machine learning-based models and delivers 10-30% […]
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