VENTURE CAPITAL

Saama Capital raises $31 mn under third VC fund

May 25, 2016 | TEAM VCC

Indian venture capital firm Saama Capital has raised $30.3 million (Rs 205 crore) under its third fund, as per a filing with the US Securities and Exchange Commission. It has set a target of raising around $50 million in the fund, the filing shows.

Exclusive: Modern Family Doctor eyes fresh funds for expansion

May 25, 2016 | Joseph Rai

Modern Family Doctor Pvt. Ltd (MFD), a chain of neighbourhood clinics and pharmacies, plans to raise fresh funds as it seeks to enter new geographies and more than double the number of its clinics in 18 months, a top company executive told VCCircle.

Pediatric healthcare chain AddressHealth gets $1.5 mn from Gray Matters, Unitus

May 25, 2016 | Vijayakumar Pitchiah

Bangalore-based pediatric healthcare chain AddressHealth Solutions India Pvt. Ltd has raised $1.5 million (around Rs 10 crore) in a Series A funding round led by US-based Gray Matters Capital. Existing investor Unitus Seed Fund also participated in the round, it said in a statement.

Indian Angel Network backs entertainment app Roast

May 25, 2016 | Varun Arora

Delhi-based Roast Media Pvt. Ltd, which operates mobile entertainment app Roast, has raised an undisclosed amount in funding from Indian Angel Network (IAN). The funding was led by Sanjay Mehta who will also join the company’s board.

Aavishkaar invests $2 mn in Bangladesh-based payment solution provider CloudWell

May 25, 2016 | Disha Sharma

Aavishkaar Venture Management, a venture capital firm focused on enterprises engaged in India's rural areas and the bottom-of-the-pyramid (BoP) segment, has invested $2 million in Bangladesh-based payment solutions provider CloudWell Ltd.

New benefactors for those seeking Series B & C funds

May 24, 2016 | Rachit Vats

Indian startups are facing a serious mid-life crisis as venture capital firms have tightened their purse strings in the conventional mid-stage funding cycle.

Exclusive: E-commerce aggregator Baggout eyes funding from IAN, others

May 23, 2016 | Arti Singh

S.B. WebTech Pvt Ltd, which operates product aggregation and cashback website Baggout, is in talks to raise funding from the Indian Angel Network and some individual investors, two people close to the development told VCCircle.

Anand Mahindra invests in women-focused digital media startup SheThePeople

May 23, 2016 | Binu Paul

Mahindra group chairman Anand Mahindra has invested an undisclosed amount in SheThePeople.TV, a digital storytelling platform for women founded by journalist Shaili Chopra.

The investment was done in his personal capacity.

Exclusive: Food-tech startup Eatonomist raises seed funding

May 23, 2016 | Nishant Sharma

Fitmeal Solutions Pvt. Ltd, an online food-tech venture that delivers meals prepared at its kitchens under Eatonomist, has raised an undisclosed amount in seed investment from MCube Capital Advisors Pvt Ltd, a top company executive told VCCircle.

Exclusive: Online fashion discovery platform Hoppingo gets under $100K

May 23, 2016 | Debjyoti Roy

Delhi-based Survar Media Pvt. Ltd, which runs online fashion discovery platform Hoppingo, has raised its second round of funding from one of the country's top affiliate marketing networks, a top company executive told VCCircle.

Piramal Fund invests $63 mn in Lodha project

May 23, 2016 | TEAM VCC

Piramal Fund Management, the real estate investment arm of Piramal Group, has invested Rs 425 crore (about $63 million) in an ongoing residential project of Lodha Group, the Mumbai-based developer said in a statement.

Facebook co-founder Saverin's B Capital raises $143.6 mn; to invest in India

May 21, 2016 | Vijayakumar Pitchiah

B Capital Group, the venture capital firm started by Facebook co-founder Eduardo Saverin and Silicon Valley Indian-origin investor Raj Ganguly, has raised $143.6 million (about Rs 965 crore) that it plans to invest in India and Southeast Asia.

Digital sports broadcast network Veqta raises $500K in seed funding

May 20, 2016 | Binu Paul

Sports-focused digital broadcast network Veqta has raised $500,000 (Rs 3.4 crore) in a seed round of funding from early stage venture capital firm Chatsworth Management and sports management company ITW Consulting Pvt. Ltd, it said in a statement.

Blume Ventures backs co-working space BHIVE

May 20, 2016 | Disha Sharma

Co-working space BHIVE has raised about $1 million (around Rs 6.7 crore) in a funding round led by Blume Ventures.

The new capital will be used for expansion to six more cities, hiring talent, building technology and enhancing customer experience.

Exclusive: Fin-tech startup i2ifunding gets angel funding

May 20, 2016 | Nishant Sharma

Online peer-to-peer (P2P) lending platform i2ifunding has raised Rs 2 crore (around $300,000) from a group of angel investors.

Exclusive: Healthcare technology platform Fitastik close to raising pre-Series A funding

May 20, 2016 | Debjyoti Roy

Fitastik, a cloud-based healthcare technology platform that provides medical record keeping services to users on their smartphones, is close to raise its pre-Series A round of funding from a couple of venture capital firms, a top company executive told VCCircle.

Ratan Tata invests in artificial intelligence startup Niki.ai

May 19, 2016 | Arti Singh

Ratan Tata, chairman emeritus of Tata Sons, has made an undisclosed amount of investment in Bangalore-based artificial intelligence startup Niki.ai.

Existing investor Ronnie Screwvala's Unilazer Ventures also participated in this funding round.  

Exclusive: On-demand laundry startup Flashdoor shuts shop

May 19, 2016 | Varun Arora

Bangalore-based on-demand laundry service platform Flashdoor has shut shop just a few months after it raised funding from former Flipkart executives Ankit Nagori and Sujeet Kumar.

Exclusive: Offline retail discovery platform Appie raises $1 mn

May 19, 2016 | Nishant Sharma

Mumbai-based Appie Mobiquity Pvt.

Exclusive: Online on-demand helper provider Bookmychotu close to raising angel funding

May 19, 2016 | Debjyoti Roy

Delhi-based SBGK Online Ventures Pvt. Ltd, which runs online on-demand domestic help booking platform Bookmychotu, is close to raising an angel round of funding from a clutch of investors, a top company executive told VCCircle.

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