09/12/2016

Paytm founder Vijay Shekhar Sharma raises INR 325 Crore by selling 1% stake

Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about INR 325 crore. This money will be pumped into the group’s proposed payments bank.
09/12/2016

Spacetech startup Astrome raises funding from former Nokia executive

Space technology company Astrome Technologies Pvt Ltd, is in talks to raise a pre-Series A round of funding from a clutch of investors in the next couple of weeks. Angel investor Ajith Sukumaran, who is leading the investment, has already committed a portion of the funds in this round.
09/12/2016

Automobile servicing platform GoMechanic raises funding from Venture Catalysts

Automobile servicing platform GoMechanic, run by Targetone Innovations Pvt Ltd, has raised $250,000 in funding from seed investment and innovation platform Venture Catalysts. The funding will be utilized to build the tech infrastructure and expand the team.
08/12/2016

Healthtech startup NeuroEquilibrium Diagnostics raises funding from Unicorn India Ventures

Jaipur-based healthtech startup NeuroEquilibrium Diagnostics Systems Pvt Ltd, a super-speciality healthcare chain of vertigo and balance disorders clinics, has raised $250K in Pre-Series A round of funding. The investment is led by Unicorn India Ventures, a Mumbai-based VC with INR 100 Cr fund corpus.
07/12/2016

Shared mobility solutions provider Revv raises $9 Million from Edelweiss PE, others

Delhi-based self-drive car services company Revv has raised $9 million in its series A round of funding led by Edelweiss Private Equity. The round was divided across equity and debt, where it received debt financing from Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India.The funding will be […]
07/12/2016

ZestMoney raises Series A funding from Naspers-owned PayU

Chalk Farm Ventures Pvt Ltd, which runs consumer lending startup ZestMoney, has raised INR 44 crore in a Series A round of funding led by Naspers-owned online payments firm PayU. The startup provides online shoppers the facility to open accounts instantly with banks providing loans.
07/12/2016

Automobile IoT firm Vehico raises funding from Calcutta Angel Network and Appliyifi

Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has raised an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.The fresh capital raised will be utilized to strengthen its product, scale up the technology infrastructure and to […]
07/12/2016

Ex-Paytm executive’s fashion app LookAtMe raises seed funding from Eros Labs

Fashion based social media mobile application LookAtMe has raised an undisclosed amount in seed funding round from Eros Labs. The funding will be utilized for hiring, technology, and growth.
07/12/2016

Retailers networking platform Netree raises Pre-Series A funding

Delhi-based retailers networking platform Netree has raised undisclosed funding in Pre-Series A round led by  Chennai Angels and LetsVenture. The funding will be utilized for technology enhancement, business development, and expansion.
07/12/2016

Online event booking platform BookEventz raises funding from Mumbai Angels, others

Online event booking platform BookEventz has raised an undisclosed amount of funding in an angel round led by Mumbai Angels with Girish Mathrubootham and Anbu Pandian (PanZeea Solutions) and other investors on LetsVenture. BookEventz was founded in 2012 and aims to be a one­-stop portal, to cater all event-­related services. […]
07/12/2016

Pet Portal TailsLife raises funding from LetsVenture, others

TailsLife, a mobile application that address pet parent’s’ needs, has raised an undisclosed amount of angel funding in a round led by Mohan Kumar, Executive Director Norwest Ventures Partners India and LetsVenture’s V Balakrishnan.  The startup aims at making pet parenting easier and happier by providing content specific to the […]
07/12/2016

Health-tech startup THB raises funding from Currae Healthtech Fund, others

Clinical research and data analytics company THB has closed a seed funding round led by former executive of Nokia Ajith Sukumaran and Apoorva Patni-led early stage fund Currae Healthtech Fund. The funding will be utilized to expand technology, data science and clinical teams.
07/12/2016

AI startup Niki.ai raises funding from Haresh Chawla, Ronnie Screwvala

The Bengaluru-based artificial intelligence startup has raised INR 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC filings.Founded in April 2015 the […]
07/12/2016

Fintech firm WealthApp raises angel funding

Bengaluru-based online investment advisory startup WealthApp Financial Advisors Pvt Ltd has raised INR 3 crore ($440,000) in angel funding from investors including NuVentures managing partner Venk Krishnan and Daksh eServices co-founder MJ Aravind. WealthApp, launched in January this year, offers online financial and investment advice to individuals.
06/12/2016

Food delivery startup Mr. Hot Foods raises funding

Food delivery startup Mr Hot Foods Pvt Ltd has raised an undisclosed amount of seed funding from angel investor Pawan Raj Kumar through the IvyCamp platform. Mr Hot Foods delivers food ordered via its app from local restaurants and tiffin centres in standardised packaging. The startup claims to deliver nearly […]
06/12/2016

Bike rental firm ONN Bikes raises funding from Grace Capital Ventures

Mumbai-based bike rental startup ONN Bikes has raised an undisclosed amount of seed funding from Grace Capital Ventures and four other individual investors. The funding will be utilized to set up hub stations in Bengaluru and Hyderabad.The startup will upgrade its technology database so that hub station owners can keep […]
06/12/2016

Naukri.com parent Info Edge invests afresh in Diro Labs

Hiring portal Naukri’s parent Info Edge (India) Ltd has invested an additional INR 1 crore (roughly $147,000) in contacts management startup Diro Labs. Diro Labs allows users to make groups of contacts, back them up on cloud, and connect contacts with social media. The startup is based out of Delhi, […]
05/12/2016

Core Diagnostics raises $12 Million from Eight Roads Ventures, others

Core Diagnostics Pvt Ltd, which provides specialized diagnostics services, has raised $12 million (INR82 crore) from private equity firm Eight Roads Ventures and US-based F-Prime Capital Partners. The funding will be utilized to introduce multiple new advanced tests for oncology as well as for other segments such as infectious diseases […]
05/12/2016

Online grocery delivery startup urDoorstep raises INR10 crore

Online grocery delivery company urDoorstep has raised INR 10 crore in a bridge round, with a high net-worth individual investing INR 5 crore and an equal amount coming in as debt from Lakshmi Vilas Bank. The platform sources produce from 9,000 farmers across India, depending on seasonal variations, and serves […]
05/12/2016

Logistics app TYGR raises funding from Franchise India

Kolkata-based Savetur Digital Pvt Ltd, which runs logistics app TYGR, has raised a pre-Series A round of funding worth $3 million from Franchise India. TYGR is a platform that tracks and monitors passenger, delivery, logistics and specialty vehicles by integrating Big Data analytics and Internet of Things into logistics.
02/12/2016

Live music streaming app Streo raises funding from Quarizon, others

Live music streaming app Streo has raised seed funding of an undisclosed amount from GEMs Advisory and early-stage VC fund Quarizon. The funding will be utilized to expand into other across Tier I cities in the country.Founded in December 2015, the app  gives users access to the latest trends in […]
02/12/2016

Learning solutions provider Next Education acqui-hires edtech startup Xolvr

Next Education, a Hyderabad-based learning solutions provider for K-12 students, has acqui-hired Gurugram based education technology startup Xolvr. This acqui-hire will add a new element to LearnNext by offering students with a platform to access over 50 tutors.
02/12/2016

CitiusTech sets up Healthcare innovation Fund with SINE

Healthcare technology company Citius Tech has launched a Healthcare Innovation Fund in collaboration with SINE– IITs Society for Innovation and Entrepreneurship. The final decision on what startups are selected rests with SINE, while Citius Tech executives would step in as mentors as and when needed.
02/12/2016

Home utility brand Bonita closes first round of funding from El Capital, others

Home utility products startup Bonita India has closed its first round of funding from El Capital, an offshore boutique debt structuring firm, and a clutch of individual investors. The funding will be utilized for brand-building exercises, investment in new product development and launches, creating product awareness, driving consumption at a […]
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