26/10/2016

IT Giant L&T Infotech acquires analytics startup AugmentIQ

Global IT services and solutions provider L&T Infotech (LTI) is all set to acquire Pune-based AugmentIQ Data Sciences Pvt Ltd, a startup offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data.With the acquisition, LTI will gain access to MAXIQ, the big data platform […]
26/10/2016

Social media marketing startup OrangeTwig raises funding from Silicon Valley investor

San Francisco and Delhi based social media marketing startup OrangeTwig has raised a seed round of $1 Million from an undisclosed Silicon Valley investor. An additional $75K has been added from a close friend. The funding will be utilized to hire talent and ramp up marketing and sales operations.
26/10/2016

The Kettlery raises $1 Million from Abhinav Bindra’s venture fund company

Ahmedabad-based The Kettlery, a speciality tea startup raised $1 million from Abhinav Bindra’s Shooting Starts Sports LLP & Franchise India Brands. The funding will be utilized to set up 100 tea boutique outlets in next five year.
26/10/2016

Android utility app SooperMo raises funding from Dubai based investor

Android utility app suite SooperMo, operated by Gurgaon-based SooperMo Appstudio Pte Ltd, has raised $100,000 (Rs 67 lakh) in seed funding from Dubai-based entrepreneur Lalit Vase.  The funding will be utilized to launch the beta version of the utility apps in Middle East, Southeast Asia and Africa.
26/10/2016

Fashion discovery app Wooplr raises funding from Astarc Ventures

Wooplr Technologies Pvt Ltd, which runs an eponymous fashion discovery app for women, has received an undisclosed amount of funding from Astarc Ventures. The company’s platform seeks to help people shop better based on location, occasion, interests and friends. The fashion discovery platform hopes to reach 100 million women users […]
25/10/2016

MPower raises $ 6Million from Zephyr Peacock PE fund

PE fund Zephyr Peacock, a midmarket private equity fund has led a $6 million investment in MPower, a financial technology company and is helping them set up their India base in Bangalore.
25/10/2016

Everstone Capital invests INR 220 Crore in Rubicon

Everstone Capital has invested Rs 220 crore in contract research and drug-delivery company Rubicon Research. Post this transaction, Everstone will own a 70% stake in Rubicon.
25/10/2016

Invoice discounting marketplace KredX raises INR 40 Crore from Sequoia , existing backer

Invoice discounting marketplace KredX has raised about INR 40 Crore in series-A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium enterprises (SMEs) with investors who are willing […]
25/10/2016

Fintech lending startup CreditMate raises $500K from India Quotient

Early stage fund India Quotient has invested $500,000 in Mumbai-based fintech lending startup CreditMate, which uses data-driven algorithms to lend against purchase of used two-wheelers. The platform, which has tied up with over 25 dealers in Mumbai, enables the users to enter the bike of their choice and their monthly […]
25/10/2016

Fintech-focused European VC Orange Growth Partners sets foot in India

Amsterdam-headquartered fintech investment firm Orange Growth Capital which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. The ticket size of Orange Growth Capital’s investments in India would be in the range of $1-5 million.The VC firm would focus on segments such […]
25/10/2016

On-demand logistics platform Pickrr raises pre-Series A funding from Swastika

New Delhi-based Pickrr Technologies Pvt Ltd, which runs on-demand logistics platform Pickrr, has raised an undisclosed amount in pre-Series A funding from Hong Kong-based investment firm Swastika Company Ltd with participation from other HNI investors. The funding will be utilized to fine-tune the back-end technology.
25/10/2016

Kogta Financial raises Series A from IIFL Seed Ventures Fund

Rajasthan-based non-banking financial company Kogta Financial India Ltd (KFL) has raised funding from IIFL Seed Ventures Fund I. The funding will be utilized to accelerate growth and increase market presence in the lending space. Incorporated in 1996, KFL mainly operates in the states of Rajasthan, Gujarat and Maharashtra. It is […]
24/10/2016

JLL India’s new vertical to invest in real estate startups

Property consultancy JLL India has launched an independent vertical to make strategic investments in startups that are developing disruptive technology solutions for the real estate sector. The purpose of this vertical is to invest in early-stage companies, or startups, which can potentially disrupt the real estate business with brand-new thinking, […]
24/10/2016

SoftBank to invest up to Rs 2,000 crore in Ola

Japanese telecom and internet major SoftBank Corp will invest $250-300 million (INR 1,700-2,000 crore) in Ola as it leads a new round of funding in India’s largest ride-hailing app.
24/10/2016

Health-test platform Healthians raises INR 20 Crore

Expedient Healthcare, which owns and operates home service health-test platform Healthians, has raised about INR 20 crore in a new round of funding led by Japanese early-stage investor Beenext. The company, which operates in the national capital region, will use the funds to expand operations to Mumbai, Bengaluru and Hyderabad.
24/10/2016

Online wealth advisory platform Bharosa Club raises funding

Delhi-based online advisory platform, Bharosa Club has secured an undisclosed amount in a bridge financing round from the company’s management and investors. The funding will be utilized to scale up product offering and network, and to boost the aim to reach the 1 million customer milestone.
24/10/2016

B2B Marketplace for F&B products WOTU raises funding from Kae Capital

Mumbai-based venture capital firm Kae Capital has invested an undisclosed amount in B2B marketplace We Organise The Unorganised (WOTU).Founded in 2015, WOTU is a platform that directly connects farmers, processors and manufacturers with last-mile F&B outlets starting from standalone restaurants and pubs to large scale hotels and food chains.
24/10/2016

Food tech startup Yumist plans to raise $2 million from VCs

Delhi-based Yumist, a food tech start-up that operates in the daily meals segment, is in talks with venture capital investors to raise around $2 million to scale up operations. Founded in November 2014 Yumist serves home-style meals, which it prepares in its own kitchens. The start-up recently opened a 12,000 […]
24/10/2016

Food-tech start-up Box8 raises INR 50 crore

Food technology start-up Box8 (Poncho Hospitality Pvt Ltd) has raised INR 50 crore in a Series B funding round led by IIFL Seed Ventures Fund, a unit of IIFL Holdings Ltd, and existing investor Mayfield Fund. The funding will be utilized to expand in cities where it is present and […]
23/10/2016

Former HCL head Anant Gupta announces INR 100 crore fund for disruptive technology ventures

Former CEO of HCL Technologies Anant Gupta has launched a first of its kind firm specifically aimed at filling the innovation gap in emerging companies in India. TECHCELX is a first of its kind integrated business incubation and investment firm focused on developing digital technology products and platforms in enterprises […]
23/10/2016

Enterprise communication tool ChatOnGo raises funding from angel investor

ChatOnGo, an enterprise communication tool, has raised $300,000 (INR 2 crore) from high net worth individual and IT professional Janak Jain. The funding will be utilized to expand the team and boost product developments and sales and marketing initiatives. It will also be used enter global markets.
21/10/2016

SaaS based edtech startup Epaathsala raises funding from Hyderabad Angels

Bengaluru-based edtech startup Epaathsala has raised an undisclosed amount in its Pre Series A round led by Hyderabad Angels. Times Internet’s startup accelerator TLabs also participated in the round. The funding will be utilized for global expansion and partnerships with educational institutions.
21/10/2016

Sidbi issues INR 10 Crore each to Ankur Cap, Omnivore Partners

The Small Industries Development Bank of India (Sidbi) issued INR 10 Crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of INR 60 Crore.
21/10/2016

Ubiquity acquires 51% stake in cloud telephony startup Solutions Infini

Ubiquity, an Italy-based messaging platform provider has acquired a 51% stake in Bengaluru-based cloud telephony and enterprise communication startup Solutions Infini for an undisclosed sum. This partnership will help Ubiquity build a global mobile communications services company and target customers in emerging markets and increase their presence beyond Europe.
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