VENTURE CAPITAL

IFMR Capital bets $2.5 mn on fin-tech firm Capital Float

February 06, 2017 | Shruti Jain

Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has raised Rs 17 crore ($2.5 million) from Chennai-based non-banking financial company IFMR Capital Finance and its alternative investment fund by allotting non-convertible debentures (NCDs), a company spokesper

Stellaris Venture Partners marks first close of maiden fund

February 06, 2017 | Ranjani Raghavan

Stellaris Venture Partners, an early-stage venture capital firm founded by former top executives at Helion Venture Partners, has hit the first close of its maiden fund at $50 million (Rs 337 crore). 

How venture capital deal-making panned out in India in the new year

February 03, 2017 | Joseph Rai

Private investments in India started on a tepid note in the new year with only a moderate pick-up in both the early stage and venture deals as investors remained wary of betting on startups and preferred to weigh the effects of demonetisation.

Vanguard joins SoftBank in lowering Ola’s valuation

February 03, 2017 | Binu Paul

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%.

Exclusive: Blume Ventures-backed fintech firm SlicePay buys rival Trustio

February 02, 2017 | Binu Paul

Blume Ventures-backed digital payment platform for college students SlicePay has acquired Trustio, a New Delhi-based peer-to-peer lending company, in an all equity deal.

Exclusive: Former Infosys exec invests in B2B sales assistant Clodura

February 02, 2017 | Disha Sharma

Pune-based automated lead generation startup Clodura Systems Pvt. Ltd has raised an undisclosed amount of investment from a high-net-worth individual (HNI), a top company executive told Techcirlce.in.

Exclusive: E-learning service provider Schoolguru raises bridge round

February 02, 2017 | Debjyoti Roy

Schoolguru Eduserve Pvt Ltd, which provides e-learning services to universities, has raised a bridge round of funding from some of its existing investors, a top company executive told VCCircle.

IT industry has little to cheer and complain about

February 01, 2017 | Manu P Toms

The Union budget for 2017-18 largely had a neutral impact on the Indian IT industry, which has been jolted by the Trump administration’s move in the US to raise the bar for H1B visas.

GHV, existing investors infuse additional $148K in ed-tech startup Notesgen

February 01, 2017 | Dearton Thomas Hector

Delhi-based Notesgen Technologies Pvt Ltd, which runs peer-to-peer ed-tech startup Notesgen, has raised an additional Rs 1 crore ($148,000) in angel funding from GHV accelerator and existing angel investors, the company said in a statement.

Mumbai Angels makes seed investment in Register My Marriage

January 31, 2017 | Shruti Jain

Delhi-based marriage registration portal RegisterMyMarriage.com has raised an undisclosed amount of funding from angel investor network Mumbai Angels in a seed round.

Angel investor Praveen Dubey also participated in the round.

Exclusive: Majority investor Tarun Joshi takes control at gifting firm IGP

January 31, 2017 | Binu Paul

Close on the heels of investor-led management changes at e-commerce major Flipkart and lingerie e-tailer Zivame, India’s largest multi-category gifting company IGP (earlier called Indian Gifts Portal) has expanded its management team in a top-level revamping wherein its majority investor, Tarun J

Exclusive: Aavishkaar trims size of South and Southeast Asia-focused Frontier Fund

January 31, 2017 | Debjyoti Roy

Impact investment firm Aavishkaar Venture Management has trimmed the target corpus of a fund that invests mainly in South and Southeast Asia, a top executive told VCCircle.

HNIs invest in pet products portal Heads Up For Tails

January 31, 2017 | Dearton Thomas Hector

Delhi-based luxury pet products portal Heads Up For Tails (HUFT) has raised $2 million (Rs 13.6 crore) from a group of high net worth individuals (HNIs) in a pre-series A round of funding, the company said in a press statement.

Exclusive: 35North Ventures launches tech- and consumer-focused growth fund

January 30, 2017 | Bruhadeeswaran R

Mumbai-based asset management company 35North Ventures LLP has launched a debut growth-stage fund targeting early stage investments in the country, a top executive told VCCircle. 

IFC commits $20 mn to IDG's third India VC fund

January 30, 2017 | Joseph Rai

World Bank's private investment arm International Finance Corporation (IFC) has proposed to invest $20 million (around Rs 136 crore) in IDG Ventures India's third India-focused fund, it said in a statement.

Chandigarh Angels Network invests in healthcare startup Yolo Health

January 28, 2017 | Disha Sharma

Chandigarh Angels Network has invested Rs 1.6 crore ($235,000) in Mumbai-based healthcare startup Yolo Health.

Exclusive: Aavishkaar pushes first close of new India VC fund to June

January 27, 2017 | Debjyoti Roy

Impact investment firm Aavishkaar Venture Management is looking to make the first close of its third India-focussed fund by the middle of this year, a top executive told VCCircle, pushing back its target by a few months.

Japan's Dream Incubator joins Ascent and Kalaari to back 99Games

January 27, 2017 | Disha Sharma

Udupi-based gaming startup 99Games Online Pvt. Ltd. has raised an undisclosed amount of funding from Japanese investment firm Dream Incubator.

Brand Capital invests $1.47 mn in diagnostics startup Airmed PathLabs

January 27, 2017 | Dearton Thomas Hector

Ahmedabad- based Airmed Pathology Labs Pvt Ltd, which runs diagnostic home services startup Airmed, has raised Rs 10 crore ($1.47 million) in pre-series A funding from Brand Capital, the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd's (BCCL), Amit Gupta, co-founder o

Fidelity joins Morgan Stanley in slashing Flipkart’s valuation to $5.6 bn

January 25, 2017 | Binu Paul

Fidelity Rutland Square Trust II, the mutual fund managed by Fidelity Investments, has lowered the value of its investment in Flipkart by 36.1%, valuing the e-commerce marketplace at $5.56 billion, nearly a third of its peak valuation of $15.2 billion in 2015.

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