VENTURE CAPITAL

Exclusive: Dubai-based angel investors back truck aggregator Ezytruk

January 17, 2017 | Disha Sharma

Bangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K.

IDFC Alternatives partners Parampara Capital to enter early-stage investment space

January 17, 2017 | Bruhadeeswaran R

IDFC Alternatives, the private equity arm of IDFC group, is partnering with venture capital firm Parampara Capital to launch an early stage fund targeting at innovative startups, it said in a statement.

Flipkart invests more in parenting social network TinyStep

January 17, 2017 | Debjyoti Roy

Bangalore-based WeHive Technologies Pvt. Ltd, which runs parenting social network TinyStep, has raised Rs 13.6 crore ($2 million) in a fresh round of funding from its existing investor, e-commerce major Flipkart.

Milk Mantra raises Series D round from Neev Fund, existing investors

January 17, 2017 | Debjyoti Roy

Odisha-based dairy startup Milk Mantra Dairy has raised its Series D round of funding led by Neev Fund, which is backed by the country's largest lender State Bank of India, it said in a statement.

India Quotient invests in food-tech startup Ketchupp

January 17, 2017 | Shruti Jain

Online food discovery platform Ketchupp has secured Rs 3 crore ($440,000) in seed funding led by early-stage investment firm India Quotient. A group of unnamed angel investors also invested in the round.

Tencent leads $55-mn round in Practo as 3 new investors get on board

January 17, 2017 | Dearton Thomas Hector

Digital healthcare platform Practo has raised $55 million in Series D funding led by existing investor China's Tencent.

Govt mulls VC fund for minorities despite Dalit fund debacle

January 17, 2017 | Aman Malik

In what is reminiscent of DICCI SME Fund launched by former finance minister P Chidambaram, the government could soon launch a venture capital (VC) fund for minorities and depressed classes as it looks to push social sector reforms.

Zuckerberg-backed Byju’s acquires learning guidance platform Vidyartha

January 17, 2017 | Binu Paul

Ed-tech startup Byju’s has acquired Bangalore-based learning guidance tool and student profile-builder Vidyartha for an undisclosed amount. 

Menterra Venture Advisors, Unitus invest $800K in ed-tech startup Curiositi

January 17, 2017 | Debjyoti Roy

Bengaluru-based education startup Curiositi Learning Solutions has raised Rs 5.4 crore ($800,000) in Series A funding from Menterra Social Impact Fund I, floated by Menterra Venture Advisors Pvt. Ltd, and existing investor Unitus Seed Fund, people close to the development told Techcircle.

Early-stage VC fund Quarizon invests in SaaS ad platform

January 16, 2017 | Disha Sharma

Oi Media, a unit of OurInitiative Media Pvt Ltd, a software-as-a-service (SaaS) platform for out-of-home (OOH) advertising, has raised an undisclosed amount in seed funding from early stage venture capital (VC) fund Quarizon, according to a press statement.

Nexus Venture, Innoven Capital invest in accommodation booking platform Zolo

January 16, 2017 | Shruti Jain

Bangalore-based accommodation startup Zolo (previously known as Zelo) has raised $5 million in Series A funding led by existing investor Nexus Venture Partners. The funding round also saw participation from venture debt firm Innoven Capital.

Exclusive: Former SAP veteran, OpsVeda COO back Leadburg in angel round

January 16, 2017 | Disha Sharma

Personality development app Leadburg has raised an undisclosed amount in angel funding led by former SAP veteran Harsh V. Pant and OpsVeda Asia president and COO Ratheesh Raveendran, a top company executive told Techcircle.

Axilor, Parampara Capital invest in SaaS startup SecurAX

January 13, 2017 | Shruti Jain

Cloud-based solutions provider SecurAX Tech Solutions (I) Pvt Ltd has secured an undisclosed amount of funding from early stage investor Axilor Ventures, Parampara Early Stage Opportunities Fund and a clutch of angel investors, a report by a financial daily on Friday stated.

Nexus, Blume Ventures lead $4.5-mn funding round in Unacademy

January 13, 2017 | Disha Sharma

Online learning platform Unacademy, run by Sorting Hat Technologies Pvt. Ltd., has raised $4.5 million (Rs 30 crore) in Series A funding led by Nexus Venture Partners and existing investor Blume Ventures, the company said in a statement on Friday.

Blume Ventures, Freshdesk's Mathrubootham back mobile repair firm iService

January 13, 2017 | Varun Arora

Bengaluru-based ServiceMonk Technologies Pvt Ltd, which operates gadget repair startup iService, has raised Rs 3 crore (about $440,000) in seed funding led by Blume Ventures.

Vividhity Ventures backs product discovery platform PaisaWapas in angel round

January 12, 2017 | Dearton Thomas Hector

Bengaluru-based Nxtify Technologies Pvt Ltd, which runs deal discovery and cashback platform PaisaWapas, has secured an undisclosed amount of funding led by Vividhity Ventures, co-founder and chief executive officer Shankar Kotuli told Techcircle.

Deutsche Telekom's venture fund leads $4.1 mn round in Roambee

January 12, 2017 | Dearton Thomas Hector

Mumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding, co-founder and chief executive Sanjay Sharma told Techcircle.

Training simulator maker Skillveri raises Series A round

January 12, 2017 | Debjyoti Roy

Skillveri Training Solutions Pvt Ltd, a Chennai-based training simulator maker, has raised Rs 8 crore ($1.1 million) in its Series A round of funding led by global philanthropic organisation Michael and Susan Dell Foundation, the company's chief executive told VCCircle.

Ixigo buys Rebright and Sol Primero-backed music discovery app Reach

January 11, 2017 | Varun Arora

Travel search engine ixigo has acqui-hired mobile content sharing app Reach, the firm said in a statement. The financial terms of the deal are not disclosed.

IDG Ventures backs mobile app management platform Hansel.io

January 11, 2017 | Dearton Thomas Hector

Bengaluru-based Hansel Software Pvt. Ltd, which operates real-time mobile app management platform Hansel.io, has raised $1.35 million (around Rs 9.2 crore) in a funding round led by IDG Ventures, it said in a statement.

Existing investor Endiya Partners also invested in the round.

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