VENTURE CAPITAL

Swastika Investmart backs online stock-broking startup TradingBells

December 15, 2016 | Disha Sharma

Indore-based online stock-broking startup TradingBells, has raised $294,000 (Rs 2 crore) from Mumbai-based stock broking firm Swastika Investmart Ltd, it said in a statement.

Sequoia Capital backs digital entertainment firm Pocket Aces

December 15, 2016 | Dearton Thomas Hector

Mumbai-based Pocket Aces Pictures Pvt Ltd, which runs digital entertainment startup Pocket Aces, has raised $3 million (Rs 20 crore) in a round of funding led by venture capital firm Sequoia Capital India, the company announced on Thursday.

KKR-backed Emerald Media, PremjiInvest put $35 mn in Amagi Media

December 15, 2016 | Disha Sharma

Amagi Media Labs Pvt. Ltd, which provides targeted TV advertising services, has raised $35 million (Rs 237 crore) in its Series D round of funding from KKR-backed investment firm Emerald Media and existing investor PremjiInvest, the investment arm of Wipro Ltd chairman Azim Premji. 

Infosys backs drone maker ideaForge

December 14, 2016 | TEAM VCC

Infosys Ltd, India’s second-largest software services exporter, said on Wednesday it has invested in homegrown drone maker ideaForge Technology Pvt Ltd.

The investment was made from the Innovation Fund, the IT company said in a stock-exchange filing.

DFS Lab invests in fintech firm SERV’D

December 14, 2016 | Disha Sharma

Fintech startup SERV’D, which provides financial services for the unorganised workforce, has received investment of $100,000 (Rs 67 lakh) from Digital Financial Service Lab (DFS Lab), a fintech incubator fully-backed by the Bill and Melinda Gates Foundation.

Fitness firm Fitpass gets seed funding from Mumbai Angels, others

December 14, 2016 | Dearton Thomas Hector

Delhi-based Fitpass Business Ventures Pvt. Ltd, which operates online fitness marketplace Fitpass, has secured $1 million (Rs 6.7 crore) in seed funding from Mumbai Angels and a clutch of angel investors from Delhi and Bengaluru.

Facebook exec Anand Chandrasekaran invests in mobile analytics platform MoEngage

December 14, 2016 | Disha Sharma

User analytics and engagement platform MoEngage, run by MoEngage India Pvt. Ltd, has raised an undisclosed investment from Facebook executive Anand Chandrasekaran.

Pi Ventures backs medical device firm ten3T

December 14, 2016 | Arti Singh

Bengaluru-based medical wearable device startup ten3T has raised an undisclosed amount of funding in its angel round led by Pi Ventures.

Co-founder of Qikwel V. Krishna Prasad, Sling Media co-founder Bhupen Shah and other angel investors also participated in the round. 

Exclusive: Madura Micro Finance gets fresh investment, Elevar clocks partial exit

December 13, 2016 | Bruhadeeswaran R

Non-banking financial company Madura Micro Finance Ltd (MMFL) has raised equity capital from new investor in its Series B round of funding, where it’s existing financial investor has partially-exited, two person close to the development told VCCircle.

Wockhardt's Huzaifa Khorakiwala to launch healthcare-focused angel fund

December 13, 2016 | Joseph Rai

Huzaifa Khorakiwala, executive director at drugmaker Wockhardt, is set to float a healthcare-focused angel fund that puts him among a clutch of business leaders, including Ratan Tata and Narayana Murthy, who have launched their own investment firms to tap into India's growing startup community.

India Quotient, others invest in online freight service marketplace Comet

December 13, 2016 | Shruti Jain

Mumbai-based Hyperflux Solutions Pvt. Ltd, which operates Comet, an online marketplace for international freight services, has raised an undisclosed amount in a pre-Series A funding round led by early stage investment firm India Quotient.

Dheeraj Jain, Anupam Mittal, others back HR analytics platform InFeedo

December 13, 2016 | Varun Arora

Human resources (HR) analytics platform inFeedo has raised $200,000 (around Rs 1.34 crore) in funding led by existing investor Dheeraj Jain, managing partner at UK-based hedge fund Redcliffe Capital, and Anupam Mittal, founder and chief executive of People Group.

Zodius Capital, Matrix Partners invest in B2B marketplace OfBusiness

December 13, 2016 | Disha Sharma

Online business-to-business (B2B) marketplace OfBusiness has raised $11.1 million (around Rs 75 crore) in its Series B round of funding, led by Zodius Technology Opportunities Fund, it said in a statement. 

Omidyar Network leads Series B round for fintech firm Indifi

December 13, 2016 | Arti Singh

Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised $10 million (Rs 66.5 crore) in a Series B funding round led by Omidyar Network -- an investment firm founded by eBay founder Pi

Facebook’s Anand Chandrasekaran invests in fashion discovery app Wooplr

December 12, 2016 | Varun Arora

Wooplr Technologies Pvt. Ltd, which runs a fashion discovery app for women, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran.

Cold-pressed juice startup Juice Up raises pre-Series A funding

December 12, 2016 | Debjyoti Roy

Fresh Food Concepts Pvt Ltd, which sells cold-pressed juices under the Juice Up brand, has secured Rs 13.5 crore ($2 million) in a pre-series A round of funding led by angel investors Siddhartha Gupta and Ashvin Chadha.

Verlinvest makes first investment in education, backs XSEED

December 12, 2016 | Debjyoti Roy

Singapore- and Bangalore-based ed-tech startup XSEED Education Pvt Ltd. has secured over $10 million (around Rs 67.5 crore) in its Series B round of funding from Belgium's family-owned consumer-sector focused investment company Verlinvest SA.

Mumbai Angels backs content delivery platform WittyParrot

December 09, 2016 | Disha Sharma

WittyParrot, a cloud-based content delivery platform has raised Rs 3 crore ($450,000) in seed investment from Mumbai Angels and a few Silicon Valley-based angel investors.

Paytm founder Vijay Shekhar Sharma sells 1% stake for $48.1 mn

December 09, 2016 | Arti Singh

Paytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 crore).

Exclusive: Kalaari leads Series A round in fashion e-commerce firm StalkBuyLove

December 09, 2016 | Arti Singh

Fashion e-tailer StalkBuyLove has raised around Rs 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded.

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