20/10/2016

Beverage discovery and gifting platform Hipcask raises funding from Mobikon

Restaurant marketing and customer engagement platform Mobikon Asia Pte Ltd has led an undisclosed amount of seed funding in Hipcask, a beverage discovery and gifting platform. With this move, Mobikon becomes a significant stakeholder in the startup and will leverage this partnership in order to unlock the latent potential in […]
19/10/2016

Freshdesk acquires artificial intelligence-based chat platform Chatimity

Freshdesk, a cloud-based customer service software provider, has acquired Chatimity, a social chat platform based on artificial intelligence used for integrating chat within mobile apps.
19/10/2016

Lightbox, Axis Capital lead Series B funding round in online furniture rental startup Furlenco

Bangalore-based online furniture rental startup Furlenco has raised $15 million (INR 100 crore) in its Series B round of funding led by existing investor Lightbox Ventures along with Axis Capital Partners, a Hong Kong-based venture capital fund. A few high-net-worth individuals too participated in the funding round. The funding will […]
19/10/2016

Saama Capital invests $1.1 Million in fintech startup Fisdom

Bengaluru-based Finwizard Technology Pvt Ltd, which runs wealth management app Fisdom, has raised funding from Saama Capital.  The funding will be utilized for technology, to expand team and to acquire customers.
19/10/2016

Aerospace and defence tech startup Aadyah raises pre-Series A investment

Aerospace and defence technology startup Aadyah Aerospace Pvt Ltd has received pre-series investment of INR 13 crore ($2 million) within seven months since its launch in April. The company would begin with developing three components – electro mechanical actuators, control actuation systems and electro optics systems – for missiles and […]
19/10/2016

RailYatri raises funding from Nandan Nilekani, Helion, others

Noida-based Stelling Technologies Pvt Ltd, the company which runs RailYatri, a platform which gives railways-related information, has raised a fresh round of funding from all its existing investors—Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. RailYatri is looking at aggressively pushing towards growth and new services.
19/10/2016

Online travel portals MakeMyTrip and ibibo announce merger

Makemytrip and Ibibo have agreed to merge in a stock transaction, representing the coming together of India’s largest travel booking portals and presaging what many believe is an impending consolidation in the country’s consumer internet sector. The transaction estimated it at about $1.8-$2 billion.
19/10/2016

TVS Capital’s Gopal Srinivasan, others invest in International Money Matters

TVS Capital’s chairman Gopal Srinivasan and financial services industry veteran Narayan Seshadri have picked a majority stake in International Money Matters Pvt Ltd (IMMPL), a Securities and Exchange Board of India (SEBI)-registered financial planning and investment adviser with assets under management of around INR 850 Crore.
19/10/2016

General Catalyst Partners invests $2.5 Million in solar marketplace MYSUN

Delhi-based solar marketplace MYSUN, run by Eastern Light and Power Pvt Ltd, has raised funding from General Catalyst Partners, a US-based venture capital firm focused on early stage and growth investments. The funding will be utilized to scale up faster and invest in technology and infrastructure.
18/10/2016

Former Zensar Tech chairman Ganesh Natarajan invests in Studio Coppre

Ganesh Natarajan, former chief executive officer of Zensar Technologies Ltd and chairman of Nasscom Foundation, has invested an undisclosed amount in Studio Coppre, an online retailer and manufacturer of handcrafted copper artwork. The funding will be utilized for design enhancements and low-cost automation for development and quality assurance.
18/10/2016

BabyChakra raises funding from Seattle-based RoundGlass Partners

BabyChakra, which connects parents to services and products for babies, has raised an undisclosed amount of funding in its Series A round from RoundGlass Partners, a Seattle-based investor. The funding will be utilized for product development, hiring and creating localized content.
18/10/2016

Sports startup Rooter raises seed funding

Rooter, a sports social gaming platform, has raised an undisclosed amount of investment from actor, Boman Irani. The seed round also  saw participation from  Dhruv Chitgopekar, partner at Kwan Entertainment, and Prantik Dasgupta, a corporate professional and avid sports enthusiast. The funding will be utilized to strengthen the technology team […]
18/10/2016

Bike tour operator Enfield Riders raises angel funding

Enfield Riders Pvt Ltd, a Mumbai-based startup that conducts motorcycle tours, has raised $500K from a high-net-worth individual, who runs a construction firm in Mumbai. The funding will be utilized to expand fleet of motorcycles and back-up vehicles. The company will also use a part of the capital in to […]
18/10/2016

Travel insurance and forex marketplace YuMiGo raises $300K in first round of funding

YuMiGo, a discovery and transaction platform on web and mobile for foreign exchange and international SIM card services, has raised $300,000 (INR 2 Crore) from businessman Hemant Sahni. Launched in 2015, the startup has also announced the launch of its travel website that helps international travellers while planning and also […]
17/10/2016

Ronnie Screwvala’s ed-tech startup UpGrad acquihires Pyoopil

UpGrad, the online education provider for working professionals, cofounded by well-known entrepreneur Ronnie Screwvala, has acquihired Pyoopil Education Technologies, a mobile-based SaaS (Software-as-a-service) product used by companies to deploy online training programmes. This acquisition will give UpGrad a shot at addressing the large businessto-business (B2B) education needs and will go […]
17/10/2016

Delhi based Play Your Sport acquires discovery platform Directground

Delhi-based sports tech startup, Play Your Sport has acquired sports discovery and booking platform, Directground. Post the acquisition, Directground’s founder and CEO Arun Singh Chauhan will join Play Your Sport as Chief Technology Officer.Founded in November 2015, Directground is a sports discovery and booking platform that helps sports enthusiasts discover […]
17/10/2016

Bengaluru Based B2B SaaS startup for restaurants Trilyo raises seed funding

Bengaluru-based Trilyo, a B2B SaaS company with solutions for restaurants has raised an undisclosed amount of funding in seed round. The round was led by Singapore-based private investor and backed by members of Amplifi Angel Group including Vishnu Bhat (Bengaluru-based entrepreneur and former SVP of Infosys); Mumbai-based entrepreneur Rajiv Lunkad […]
17/10/2016

News based startup Newspatrolling.com raises $25k seed funding

Delhi based news-based startup Newspatrolling has raised $25,000 as seed funding from an undisclosed investor. Launched in the year 2013, Newspatrolling.com is an Indian news website that covers sectors such as entertainment, politics, sports, lifestyle, automobile and technology.
17/10/2016

Innov8 raises funding from former Flipkart executive

Former Flipkart chief product officer (CPO) Punit Soni has invested an undisclosed amount of capital in Innov8, a sector agnostic co-working space. The company has raised money from 20 other investors besides Soni.
17/10/2016

Last mile app BeatRoute raises pre Series-A funding

BeatRoute Innovations has raised an undisclosed amount in pre Series-A funding from Quarizon Consulting Services. BeatRoute is a mobile app platform facilitating last-mile retail between packaged goods companies and distributors and neighbourhood stores.
17/10/2016

Flexi-jobs site Mykindofjob raises $1 million angel funding

Mumbai-based mykindofjob, an online portal has closed a round of funding worth $1million from brothers Mayank Shah and Shreyans Shah. Mykindofjob.com offers interactive web platform where registered users can communicate with each other and prospective employers. Users range from students looking at internships to retired professionals seeking short-duration projects.
17/10/2016

DSG Consumer Partners leads INR 1.5-crore seed round in Tazzo Technologies

DSG Consumer Partners, Deepak Shahdadpuri-led consumer-focused, early stage venture capital firm, has led a $225,000 seed funding round in motorbike rental venture Tazzo Technologies. Tazzo is an on-demand delivery platform for renting self-drive bikes. The Hyderabad-based startup provides location-based motorbike delivery and pickup service, and allows users to track the […]
17/10/2016

Dailyhunt raises INR168 Crore in fresh capital from Chinese peer Bytedance

Local language content platform Dailyhunt has raised $25 million (Rs 168 crore) in a new round of funding led by China’s Bytedance, itself a content aggregator in China, which is backed by investors like Russian billionaire Yuri Miliner’s DST Global and social media major Sina Weibo.
17/10/2016

Firstcry acquires Mahindra’s baby care franchisee business for INR 362 crore

Online baby products seller Firstcry is acquiring Mahindra Retail, which runs offline stores under Babyoye brand, for about INR 362 Crore in a landmark deal in the Indian retail market. The Pune-based startup, will acquire the franchisee division of Mahindra Retail, part of the $18 billion software to automobiles congolmerates […]
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