VENTURE CAPITAL

Exclusive: Ex-Snapdeal exec Anand Chandrasekaran invests in fashion app Fynd

January 03, 2017 | Disha Sharma

Fashion portal Fynd, run by Shopsense Technologies Pvt Ltd, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran, two people familiar with the matter who did not wish to be identified told TechCircle.in.

Social impact investor Aavishkaar to raise $100-150 mn for Africa investments

January 03, 2017 | Debjyoti Roy

Aavishkaar Venture Management, an investment firm that backs enterprises working in rural areas, will raise between $100 million (Rs 681 crore) and $150 million (Rs 1,022 crore) for investments in Africa, said a report in a business daily. 

Exclusive: Former Infosys CFOs sign another cheque for TaxSutra

January 02, 2017 | Dearton Thomas Hector

Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised Rs 2.5 crore in its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys.

RB Investments, Kaleden Holdings invest in instantPay

December 30, 2016 | Varun Arora

New Delhi-based SMSdaak India Ltd, which operates digital payments startup instantPay, has raised between $3 million and $5 million (Rs 20 crore to Rs 34 crore) in pre-series A funding from Singapore-based RB Investments and Kaleden Holdings. 

How stage-wise VC dealmaking in India fared

December 29, 2016 | Joseph Rai

Venture capital deals fell across stages this year after peaking in 2015 with early stage funding getting significantly hit both in terms of volume and value as investors turned extremely cautious and selective in placing their bets on startups despite adequate funds at their disposal.

Chennai Angels invests in e-commerce startup The Postbox

December 29, 2016 | Binu Paul

The Postbox, a Chennai-based art and lifestyle e-commerce firm, has raised an undisclosed amount of angel funding from The Chennai Angels.

Altico Capital deploys $59 mn across projects in Pune, Noida

December 29, 2016 | TEAM VCC

Non-banking financial company (NBFC) Altico Capital has invested roughly Rs 400 crore across projects of Delhi-NCR-based Panchsheel Group and Pune-based Pharande Group, the lender said in a statement.

CoCreate Ventures sets up startup fund, backs JustBooks

December 29, 2016 | Disha Sharma

Investment firm CoCreate Ventures has set up a Rs 15 crore ($2.2 million) fund to help startups pivot or turn around.

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.

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