12/08/2016

Thermax to invest $900k more in First Energy

Thermax Ltd plans to made an additional investment of up to Rs 6 crore ($900,000) in First Energy Pvt Ltd , alternative energy solutions company in which it had acquired 33 per cent stake last year. First Energy’s brand Oorja, a combination of a ‘micro- gasification’ stove and biomass-based pellet […]
12/08/2016

Milestone Capital Advisors raising $210m commercial real estate fund

Milestone Capital Advisors Ltd is raising its third commercial real estate private equity fund of almost INR 1,400 crore ($209 million). Funds are being raised from both domestic and overseas investors, with Milestone expecting overseas investors, including non-resident Indians (NRIs) and institutional investors, to contribute around Rs.500 crore ($74.8 million) […]
12/08/2016

Sillicon Valley company, Innovaccer has raised $15.6 million funds

Silicon Valley-based big data startup Innovaccer has raised Series A funding led by Westbridge Capital Partners. Innovaccer helps large enterprises access and manage organisational data through dashboards using its flagship product Datashop. The funding will be utilized to further strengthen the product.
12/08/2016

PropTiger acquires virtual reality startup 3DPhy

Online real estate advisor PropTiger has acquired Gurgaon-based startup virtual and augmented reality & 3D visualisations startup 3DPhy. With this acquisition, PropTiger aims to advance its technological platform to further enhance its hi-tech marketing solutions for developers.
12/08/2016

Co-working space provider 91springboard raises funds from Khattar Holdings, others

Delhi-based 91springboard, a firm that provides co-working spaces to startups has raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments and others. The funding will be utilized to expand operations and build technological capabilities.
12/08/2016

Online P2P lending platform Faircent raises $1.5 Million from Brand Capital

Online peer-to-peer (P2P) lending platform Faircent, operated by Gurgaon-based Fairassets Technologies India Pvt Ltd, has raised funding from Brand Capital, the ad-for-equity investment arm of Bennett Coleman & Co (BCCL). The funding will be utilized to buy inventory in radio, TV, online and print properties of the Times of India […]
11/08/2016

Auto maintenance marketplace Zonnett to raise Series A funding

Car maintenance marketplace Zonnett is in advanced talks with several high-profile investors to raise its Series A round of funding. The funding will be utilized for  geographic expansion and new product development. The company plans to expand its footprint to five cities including Delhi-NCR, Bangalore, Hyderabad, Chennai and Ahmedabad.
11/08/2016

Bus ticket platform Travelyaari raises $7Million in Series B round from GVFL, Bennett Coleman

Mantis Technologies Pvt Ltd, which owns and operates online bus booking platform Travelyaari, has raised $7 million led by existing investors media company Bennett Coleman and Co Ltd and Gujarat Venture Finance Ltd (GVFL). The funding will be utilized for product development, augmenting service network and increase the online penetration […]
11/08/2016

Software maker Zenoti raises $ 15 Million in funding round led by Norwest Venture Partners

Software maker Zenoti, has raised Rs 100 crore ($15 million) in a round led by Norwest Venture Partners along with existing backer Accel India in the largest such deal this year for a startup offering software as a service. The Seattle and Hyderabad-based company, which provides cloud-based software for spas […]
10/08/2016

Intel acquires AI startup run by Indian-origin entrepreneur

Tech-giant Intel today acquired California-based deep learning start-up Nervana Systems run by an Indian-origin entrepreneur, allowing the the chip maker to foray into the world of Artificial Intelligence. Founded in 2014 and headquartered in San Diego, California, Nervana has a fully-optimised software and hardware stack for deep learning.
10/08/2016

Randstad Takes Over Job Portal Monster For $429 Million

Randstad Holding nv a leading HR services provider is acquiring job portal Monster Worldwide for purchase price of approximately $429 Million. Randstad will pay $3.40 per share in cash. The consideration represents a 22.7% premium to Monster’s closing stock price on August 8, 2016.
10/08/2016

Sattviko acquires FYNE Superfood

Vegetarian food chain Sattviko has acquired Delhi-based packaged products company FYNE Superfood for an undisclosed amount to ramp up its packaged products offerings. The brand and products of Fyne Superfood will now be merged with Sattviko. Darpan Majumdar, one of the co-founders of FYNE Superfood, will join the company and […]
10/08/2016

Ed Tech platform Genext Students INR Rs 1.4 crore from equity crowdfunding platform 1Crowd

Genext Students, a hybrid ed-tech tutoring platform, has raised funding from 1Crowd, an equity crowd funding platform. The funding will be utilized to accelerate product technology development, enhance marketing efforts and increase team size.
10/08/2016

US-based Boomtrain acquires messaging startup Nudgespot

US based tech marketing company Boomtrain is set to acquire Bengaluru-based Nudgespot. The Nudgespot team will continue to work from their existing office in Bangalore but the focus now will change in terms of the services provided and the range of customers. Boomtrain essentially focuses on providing marketing automation for […]
10/08/2016

Kwan acquires online entertainment marketplace Gigstart

Leading entertainment and talent management firm Kwan has acquired entertainment startup Gigstart for an undisclosed amount. Gigstart is an online marketplace which facilitates interfaces between entertainers across genres including movies and music, event managers and party planners. Gigstart’s mobile app will provide access to its aggregator base of 4,200-plus verified […]
10/08/2016

B2C vernacular podcast aggregator platform Funcastic raises seed funding from HT Media’s startup accelerator, others

Delhi-based B2C vernacular podcast aggregator platform Funcastic has raised seed funding from a startup accelerator launched by HT Media Ltd and US-based investment firm North Base Media. The funding will be utilized for technology development and product marketing.
10/08/2016

Niramaya PathLabs acquires Gurgaon-based startup Labstreet in a cash and stock deal

Gurgaon-based Labstreet, which helps consumers with pathology tests, has been acquired by Niramaya PathLabs in a cash and stock deal. Post-acquisition, the founders will not be joining Niramaya but will continue in advisory roles and remain stakeholders in the company. Labstreet will continue to operate under the same brand name, […]
10/08/2016

Camera and photo sharing app Vebbler raises INR 3.34 Crore funding

Anupam Mittal has led a consortium of 16 investors to invest $500,000 in Bengaluru-based camera and photo sharing app Vebbler. The app allows people to instantly share photos with each other in real time. The funding will be utilized for hiring and marketing campaigns.
10/08/2016

IIM Ahmedabad’s CIIE invests in two healthtech startups

IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) has invested undisclosed amounts in two health tech start-up – Doux Dentistry and Zeolr. Doux Dentistry, is a dental care start-up aiming to make dental care affordable & accessible for patients at their homes under the brand name Mobident. While Zeolr, […]
10/08/2016

Men’s grooming startup Bombay Shaving Company raises INR 4 Crore funding

Men’s grooming startup Bombay Shaving Company has raised Rs 4 crore ($600,000) in seed funding from a clutch of angel investors including McKinsey India MD Noshir Kaka, and Subramanian Ramadorai, an advisor to the Prime Minister. The 10-month-old internet first company is already averaging 400 orders a month, and plans […]
09/08/2016

Indian Angel Network plans to raise $22 Million early stage fund

Indian Angel Network (IAN), one of the largest angel investor networks in the country, is raising an early-stage fund of around INR 150 crore to co-invest along with its angel network. Founded in 2006 IAN has more than 400 members.
09/08/2016

Department of Science and Technology launches INR 100 crore programme to support startups

The Department of Science and Technology has launched a INR 100-crore programme to support startups. The programme, called National Initiative for Developing and Harnessing Innovations (NIDHI), is aimed at helping startups across the country in terms of both funding and incubation support. The department provides the seed amount per startup […]
08/08/2016

AngelList Starts Exploring Indian Startup Ecosystem; Appoints Utsav Somani As Advisor

AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has finally entered India. It has appointed Utsav Somani (previously working with LetsVenture) as an Advisor to spearhead its operations in the country.
08/08/2016

US based startup 8TV raises $500K funding from Redcliffe Capital, Others

8TV, a San Francisco based startup, has raised $500K  from RedCliffe Capital Managing Partner Dheeraj Jain, Google executive Tidhar Carmeli, and AngelPad’s Thomas Korte. Tech giant Amazon has also invested about $100K (INR 66 lakh) worth of AWS services credit in the company, according to an official statement.The funding will […]
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