27/07/2016

Student deals platform BigDeal raises funding from EVC Ventures

Delhi-based student deals platform BigDeal has raised a seed round of around $100,000 in the round, led by Anjli Jain, managing partner, EVC Ventures. The funding will be utilized to expand the team, enhance technology and acquire more customers and merchants.
26/07/2016

Hyperlocal Buddy Finder ‘WakoW’ Raises Funding, Targets 50K Users In Next 6 Months

Hyperlocal Buddy Finder WakoW has recently closed its second angel round of $141K funding from an undisclosed angel investor, primarily dealing with a traditional jewellery business. The startup helps people connect with each other based on common interests and needs in their vicinity.
26/07/2016

Cyber Security Startup Lucideus Gets Backing From Flipkart CFO Sanjay Baweja

Lucideus, a startup working in the field of cyber security has raised an undisclosed amount of funding from Flipkart CFO, Sanjay Bawej. Started in 2012 Delhi-based Lucideus is a cybersecurity company that offers consultancy, training and solutions to counteract cyber attacks.
26/07/2016

Agriculture supply chain startup Lemon Leaf raises angel funding

Delhi-based RP2 Ventures Pvt. Ltd, which runs fresh fruit and vegetable supply chain venture Lemon Leaf, has raised its first round of external funding from two angel investors. The funding will be utilized to set up the company’s sole processing facility at Dwarka in southwest Delhi.
25/07/2016

Quikr acquires Hiree to push job listings business

Online classifieds company Quikr India Pvt. Ltd has acquired Bengaluru-based online recruitment platform Hiree (Abhiman Technologies Pvt. Ltd) for an undisclosed amount in an attempt to bolster its job listings business, QuikrJobs, and delve deeper into corporate and white-collar job listings. Following the acquisition, Hiree will merge with Quikr and […]
25/07/2016

Global Fashion Group that includes Jabong raises $25 Million

Global Fashion Group (GFG), an international group of six online fashion stores including India’s Jabong, has raised $25 million more on top of the $339 million it received from investors at a sharply lower valuation in April. The direct and indirect share of Germany-based investor Rocket Internet after the transaction […]
25/07/2016

Zoomcar to raise $25 Million from Ford, Reliance

Zoomcar is on the brink of closing a round which will see a capital influx of $25 million, sources close to the deal said. Ford Smart Mobility, Reliance Venture Asset Management and Sequoia Capital will participate in the Series C round. The company had raised $11 million last year.
25/07/2016

Sistema, others load Rs 67 crore onto QwikCilver gift card

Gifting card solutions provider QwikCilver has raised a new round of funding, pegged at $10 million (Rs 67 crore), led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. The funding will be utilized to double the value of gift cards it sells to Rs 4,000 crore in […]
25/07/2016

Infosys cofounder Nandan Nilekani invests in ecommerce startup 10i Commerce Services

Infosys cofounder Nandan Nilekani has invested in Bengaluru-based 10i Commerce Services ,an ecommerce startup for the first time, backing a venture that seeks to help small traditional shops fight online and organised retailers with the use of technology. The startup is aiming to expand quickly across hundreds of towns and […]
25/07/2016

Workspace rental platform Qdesq raises funding from HNIs

Qdesq, a ‘plug-andplay’ workspace rental platform, has raised an undisclosed amount of funding from an investor consortium led by Anuraag Jaipuria, director of Jai Drinks, Ruchirans Jaipuria, director of Jaipuria Beverage and Food, and Rishi Kajaria, joint managing director of Kajaria Ceremics. The funding will be utilized for expansion, marketing […]
25/07/2016

Byju’s close to raising up to $50 Million from new set of investors

Test preparation course provider Byju’s Classes, incorporated as Think & Learn Pvt. Ltd, is about to close a fresh round worth $25-50 million in the next three weeks for its international expansion. After seeing strong growth in the domestic online tuition market, Byju’s is building a new tech-enabled educational product […]
22/07/2016

Smart payment card app Olly to raise $500K angel funding

Smart Payment card app Olly, run by Delhi-based Money King Remittance Technologies Pvt Ltd, is in talks to raise $500,000 in angel funding. The funding will be utilized to scale up sales and to launch the startups own standalone card. Some of the money will also be used to scale […]
22/07/2016

Hansa Cequity acquires data analytics firm D-Square

Mumbai-based marketing analytics firm Hansa Customer Equity Pvt Ltd, or Hansa Cequity, has acquired a majority stake in data science company D-Square Solutions Pvt. Ltd. D-Square will function as a separate entity after the acquisition.
22/07/2016

Health Care At Home India acquires disease management firm Health Impetus

Home healthcare services provider Health Care At Home India Pvt. Ltd (HCAH) has acquired Health Impetus Pvt. Ltd for an undisclosed amount in a deal that will help the company start offering disease management services. The acquisition will also help HCAH provide patient care services including equated monthly installment schemes […]
22/07/2016

Online hypermarket Urdoorstep.com raises bridge round of INR 3 crore

Jupiter Capital-backed online hypermarket Urdoorstep.com has raised a bridge round of Rs 3 crore from CP Murali, former president and chief operating officer of telecom software-maker Aricent Technologies. The company incorporated in October, 2015, plans to cover 92 pincodes for Bengaluru city over the coming two months and aims to […]
22/07/2016

Skrilo secures seed funding of $1.5 Million

Gurgaon-based Skrilo, a mobile marketing and rewards platform, has raised $1.5 million (about Rs 10 Crore) from angel investors including Livspace CEO Anuj Srivastava and Arvind Tiku, chairman of AT Capital Group. The funding will be utilized for marketing rewards program, developing new products and enhancing technology
22/07/2016

Taxi service operator MyTaxiindia raises $1 Million from Nihon Kotsu

Delhi-based taxi service operator MyTaxiindia has raised $1 million (about Rs 6.7 crore) in bridge round of funding from existing investor Nihon Kotsu, a taxi rental company in Japan. The funding will be utilized for expanding services to tier 2 and 3 cities, technology development, marketing and branding.
22/07/2016

Budget hotel platform Treebo raises $ 16 Million in Series B funding

Bangalore-based Rubtub Solutions Pvt. Ltd, which runs an online venture aggregating budget hotels under a single brand Treebo Hotels, has raised Rs 112 crore ($16 million) in its Series B round of funding led by Bertelsmann India Investments (BII), the strategic investment vehicle of the international media company Bertelsmann. The […]
22/07/2016

Online rental marketplace SimplyMoveIn angel funding from Swastika Company

Bangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong- based investment firm Swastika Company Ltd. The funding will be utilized for hiring across verticals,marketing, augmenting the technology backbone and geographical expansion.
21/07/2016

Inter-city taxi service provider Wiwigo raises funding from IAN

Wiwigo.com, an inter-city taxi service provider, has raised Rs 4 crore funding from Indian Angel Network (IAN). The site is an online platform for intercity travel by cab -addressing the expensive the one-way trip problem. The funding will be utilized to expand operations to over 100+ cities by the end […]
21/07/2016

Logistics firm Truckola raises INR 4 crore in angel funding via LetsVenture

Logistics startup Truckola has raised Rs 4 crore in an angel funding round, which was led by Abhishek Agarwal of Fortune Interfinance (FIFL), on deal making platform LetsVenture. The funding will be utilized for scaling up technology and strengthening the service delivery capability.
21/07/2016

Online marketplace for used books AbeRuk raises angel funding

Bangalore-based Quarto India Internet Pvt. Ltd that operates curated online marketplace for used books AbeRuk has raised an undisclosed amount in angel funding from Hong Kong-based Swastika Company Pvt Ltd. The funding will be utilized for scaling up operations, expanding seller base and augmenting the technology backbone
21/07/2016

Inter-city cab rental platform MyTaxiIndia raises $1 Million from Japanese investor

Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised $1 million (around Rs 6.65 crore) in a bridge round of funding from existing investor Nihon Kotsu Co, a leading taxi rental company in Japan. The funding will be utilized for expanding services to tier 2 and 3 cities along with […]
21/07/2016

Drums Food raises $ 6.6 Million from Verlinvest, DSG Consumer

Verlinvest, the Belgium-based investment holding company created by the founding families of Anheuser-Busch InBev, and DSG Consumer Partners, have led a Rs 44.5 crore round of funding in yogurt and ice cream maker Drums Food International. Mumbai-based Drums Food manufactures the Epigamia brand of Greek yogurt and the Hokey Pokey […]
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