China’s LeEco in talks with strategic investor to raise $1.4 bn

December 29, 2016 | Reuters

China's cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern over the high-tech conglomerate's financial health.

Exclusive: WaterBridge Ventures backs LetsMD

December 29, 2016 | Disha Sharma

LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures, co-founder Nivesh Khandelwal told VCCircle.

IDG Ventures-backed HealthifyMe secures $1 mn from Dubai investor

December 28, 2016 | Priya Singh

Fitness app HealthifyMe has raised $1 million (Rs 6.7 crores) from Dubai-based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups, the company said in a statement.

Most active VC firms

December 28, 2016 | Debjyoti Roy

Venture capital investments slumped in 2016 after hitting a peak last year as investors tightened their purse strings. Both the volume and value of VC deals declined sharply, reflecting the slowdown in private investments.

Lead Angels, Mumbai Angels, LetsVenture invest in online event-booking platform

December 28, 2016 | Shruti Jain

Online event-booking platform BookEventZ has raised an undisclosed amount in pre-series A funding from Lead Angels, Mumbai Angels and LetsVenture.

Exclusive: E-waste management firm EcoCentric raises growth capital

December 27, 2016 | Debjyoti Roy

EcoCentric Management Pvt Ltd (ECMPL), a Mumbai-based e-waste management firm, has raised its first round of growth capital from a couple of high net worth individuals (HNIs), a top company executive told News Corp VCCircle.

Infosys co-founder Nandan Nilekani invests more in 10i Commerce Services

December 27, 2016 | Disha Sharma

E-commerce startup 10i Commerce Services Pvt. Ltd has raised $5 million (Rs 33.9 crore) more in investment from Infosys co-founder Nandan Nilekani, according to a report by a financial daily on Tuesday.

Exclusive: Student housing company Campusville raises Series A investment

December 26, 2016 | Swet Sarika

Campus Students Communities Pvt. Ltd (CSC), a Bengaluru-based company that provides student housing under the Campusville brand, has raised Series A funding from an institutional investor, a senior executive of the company told VCCircle. 

Video streaming firm Dekkho gets funding from seven angels

December 26, 2016 | Disha Sharma

Video streaming platform Dekkho, run by Baadl Technologies Pvt Ltd, has raised $1.2 million (Rs 8.1 crore) from seven angel investors in its seed round of investment. The startup did not reveal the names of these investors.

Eight Roads Ventures leads ShadowFax’s Series B round

December 25, 2016 | Bruhadeeswaran R

Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd.

Funding platform LetsVenture backs legal-tech firm MyAdvo

December 23, 2016 | TEAM VCC

MyAdvo, a platform that helps clients connect with lawyers for legal help, has raised an undisclosed amount of angel funding led by Pradyumna Dalmia, co-founder of Calcutta Angels Network, and a few other investors through LetsVenture, a funding platform.

CX Partners co-founder Ajay Relan invests in LexComply

December 23, 2016 | Binu Paul

Ajay Relan, co-founder and former managing partner of CX Partners, has invested in Delhi-based compliance management software startup LexComply, the firm said in a statement.

Japan's Incubate Fund, others invest in ShopKirana

December 23, 2016 | Arti Singh

Indore-based Shop Kirana E Trading Pvt. Ltd, which runs business-to-business (B2B) platform ShopKirana connecting individual retailers with suppliers, has raised a pre-Series A funding round from Japanese seed-stage investment firm Incubate Fund, it said in a statement.

VC firm Lightbox raises $54 mn in expansion fund

December 23, 2016 | Varun Arora

Venture capital firm Lightbox has raised $54 million (about Rs 360 crore), expanding an existing fund as it looks to invest more in existing portfolio companies.

Ivy League Network backs model portfolio management firm enKast

December 23, 2016 | Binu Paul

A cloud-based customer relationship management (CRM) product enKast, owned by Seamovation Labs Pvt. Ltd, that helps production agencies manage their model portfolio has raised $2 million from Ivy League Alumni Angel Network.

German VC fund HCS backs Innoplexus

December 22, 2016 | Varun Arora

Innoplexus, Germany- and India-based consulting-led technology and product development firm focused on big data and analytics, has raised an undisclosed amount in pre-Series A funding from HCS, a Germany-based venture capital fund.

Exclusive: Salon chain operator Bodycraft raises first external funding

December 22, 2016 | Debjyoti Roy

Bengaluru-based salon chain Bodycraft has raised its first external round of funding to expand operations, a top company executive told VCCircle.

Exclusive: Early-stage fund Quarizon invests in process management startup AsoCon

December 22, 2016 | Disha Sharma

Process management startup AsoCon Outsourcing India Pvt. Ltd. has raised an undisclosed amount of seed investment from early stage investment firm Quarizon.

Chennai Angels invests in agri-business startup E-Vegetailing

December 21, 2016 | Binu Paul

Chennai-based E-Vegetailing Pvt Ltd, which sells fresh vegetables procured directly from farmers, has raised Rs 1.1 crore ($162,000) from The Chennai Angels.

Venture Catalysts leads investment in groceries startup Supr Daily

December 21, 2016 | Shruti Jain

Mumbai-based daily consumables startup Supr Daily has raised an undisclosed amount of funding led by angel investors from Venture Catalysts such as Dr Apoorv Ranjan Sharma and Anil Jain.