Exclusive: Online home design startup HomeLane raises more capital from Sequoia, Aarin

August 26, 2016 | Nishant Sharma

Bangalore-based Homevista Decor and Furnishing Pvt Ltd, which runs online furniture and home design services marketplace,, has raised additional capital from existing investors as it scouts for more money from new investors.

Agri-based venture Krishi Star raises seed funding from Upaya, Artha Venture

August 26, 2016 | Arti Singh

Mumbai-based agri-business startup Krishi Star has raised an undisclosed amount in seed funding from a consortium of four investors led by Upaya Social Ventures and Artha Venture Challenge, along with 1to4 Foundation and an angel investor.

Mobikwik to get $40 mn from South African payment firm Net1

August 26, 2016 | Arti Singh

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc. has signed a subscription agreement with India's digital wallet firm MobiKwik.

Girish Mathrubootham, Kunal Shah and Anand Chandrasekaran invest in Crownit

August 26, 2016 | Vijayakumar Pitchiah

Gurgaon-based GoldVIP Technology Solutions Pvt. Ltd that operates merchant discovery and rewards platform Crownit has secured an undisclosed investment from a group of investors, it said in a statement.

Exclusive: HT Media picks stake in Indian franchisee of American burger chain

August 26, 2016 | Debjyoti Roy

HT Media Ltd, the publisher of Hindustan Times and Mint newspapers, has invested in the Indian unit of a US-based QSR chain, a person privy to the development told VCCircle.

Bridge funding for startups rises as fresh VC rounds stretch longer

August 26, 2016 | Joseph Rai

Indian startups are relying increasingly on temporary fundraising, mostly from existing investors, to maintain and grow their business as mopping up funds from new venture capital investors gets tougher and more time-consuming.

Exclusive: Iron Pillar nears first close of debut venture capital fund

August 25, 2016 | Debjyoti Roy

Iron Pillar Capital Management, which aims to bridge the widening gap in the mid-stage of the startup investment cycle, is looking to make the first close of its debut venture capital fund by next month, a person privy to the development told VCCircle.

Local content discovery platform NearFox gets angel funding from Globevestor, others

August 25, 2016 | Priya Prasad

Mumbai-based local lifestyle content and discovery platform NearFox said on Thursday it has raised funding from a group of investors that included the Globevestor Angel Fund.

Consumer IoT startup Witworks raises angel funding from Fireside, others

August 25, 2016 | Disha Sharma

Bangalore-based consumer IoT firm Witworks Consumer Technologies Pvt. Ltd. has raised an undisclosed amount of investment from Fireside Ventures, Investopad, P39 Capital and a syndicated group of angels.

Ford leads $24 mn investment in self-drive car rental startup Zoomcar

August 25, 2016 | Priya Prasad

Zoomcar India Pvt. Ltd, which operates a self-drive car rental service, said on Thursday it has raised $24 million (Rs 161 crore) in a Series B round of funding led by US auto giant Ford Motor Company’s newly created ‘smart mobility’ unit.

Mukesh Bansal and Ankit Nagori’s CureFit invests $3 mn in CULT

August 24, 2016 | Vijayakumar Pitchiah

Former Flipkart executives Ankit Nagori and Mukesh Bansal’s yet-to-be-launched online preventive healthcare platform CureFit has invested Rs 20 crore ($3 million) in Bangalore-based CULT Fitness Pvt.

Michael & Susan Dell Foundation invests $900K in ed-tech firm ConveGenius

August 24, 2016 | Priya Prasad

Noida-based ConveGenius Edu Solutions Pvt Ltd, a mobile-based education venture, has raised equity investment worth Rs 6 crore ($900,000) from Michael & Susan Dell Foundation. The firm will leverage the funds to provide impactful ‘education for the masses,’ it said in a statement.

Exclusive: Bharat Financial Inclusion hires three bankers for fundraise

August 24, 2016 | Bruhadeeswaran R

Bharat Financial Inclusion Ltd has hired three investment banks to help it raise capital from institutional investors, a person close to the development said, in what would be its largest equity fundraise since its initial public offering six years ago.

Urban Ladder gets $3 mn venture debt from Trifecta Capital

August 24, 2016 | Vijayakumar Pitchiah

Bangalore-based Urban Ladder Home Decor Solutions Pvt. Ltd that operates furniture portal Urban Ladder has secured $3 million (Rs 20 crore) in venture debt from Trifecta Capital.

Why venture debt might thrive in India despite venture capital drying up

August 24, 2016 | Aman Malik & Keshav Sunkara

By all accounts, the venture capital (VC) space in India is in the throes of a slowdown, starving startups of funds.

Anupam Mittal, ah! Ventures back online wedding planner Shaadisaga

August 24, 2016 | TEAM VCC

Delhi-based online wedding planner Shaadisaga has raised an undisclosed amount in funding in a pre-Series A round from ah! Ventures, People Group’s Anupam Mittal and other investors.

Series A deals halve as funding crunch worsens

August 24, 2016 | Joseph Rai

The year 2016, so far, has rained miseries on startups at various stages of their life-cycle. Shutdowns, mergers, acquisitions have become the norm while funding, especially at early stages, has slowed significantly in comparison with 2015, thus, compounding the woes of startup founders.

Flipkart, Paytm founders back ed-tech startup Unacademy

August 24, 2016 | Debjyoti Roy

Sorting Hat Technologies Pvt. Ltd, which runs educational-technology platform Unacademy, has raised Rs 6.7 crore ($1 million) from a clutch of investors including Flipkart co-founders Sachin Bansal and Binny Bansal and Paytm founder Vijay Shekhar Sharma.

Deal discovery startup NearU gets funding from marketing guru Goutam Challagalla

August 23, 2016 | Arti Singh

Mumbai-based deal discovery startup NearU has raised an undisclosed amount in funding from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland, it said in a statement.

Exclusive: Acumen invests in Mumbai-based honey producer

August 23, 2016 | Debjyoti Roy

Acumen Fund, an investment firm that backs enterprises working in rural areas and those targeting the poor, has struck its first fresh investment deal this year by putting money in a Mumbai-based honey producer.


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