VENTURE CAPITAL

Accel Partners raises $450 mn in fifth Indian venture capital fund

November 30, 2016 | Manu P Toms

Venture capital firm Accel Partners has raised $450 million under a new fund to make seed and early-stage investments in Indian startups, it said.

Emotion recognition startup Entropik raises seed funding

November 30, 2016 | Disha Sharma

Machine learning startup Entropik Technologies Pvt. Ltd, which recognises emotions to help companies understand consumer behaviour, has raised $200,000 (nearly Rs 1.36 crore) from two individual investors.

Exclusive: SQue Capital backs health-tech firm Sidqam Technologies

November 30, 2016 | Priya Prasad

Noida-based digital healthcare company Sidqam Technologies has secured $1.2 million seed funding led by SQue Capital, a Mumbai-based investment firm. Grace Capital Ventures and Soham Vencaps, the family fund of the real estate company Soham Group also participated in the round.

Exfinity Ventures leads $2 mn round in MarianaIQ

November 30, 2016 | Priya Prasad

Business-to-business marketing automation firm MarianaIQ, operated by Sigmod Inc., has secured $2 million in seed funding led by venture capital firm Exfinity Venture Partners.

SAIF Partners backs student-focused social networking app Pulse

November 30, 2016 | Disha Sharma

Pulse, a social networking app that enables users to stay connected with their college or school communities, has raised $500,000 (around Rs 3.4 crore) in funding from venture and growth capital fund SAIF Partners.

Affordplan raises $3 mn from Prime Venture Partners and Kalaari Capital

November 29, 2016 | Manu P Toms

Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, raised $3 million (Rs 20 crore) in Series A round from venture capital firms Prime Venture Partners and Kalaari Capital.

Social impact fund Menterra backs ed-tech firm Math Buddy

November 29, 2016 | Disha Sharma

Math Buddy, a Vadodara-based online math learning startup, has raised an undisclosed amount of seed investment from Menterra Social Impact Fund.

Chai Thela raises seed funding from Quarizon

November 29, 2016 | Debjyoti Roy

Tea retail startup Chai Thela has raised Rs 1.5 crore ($218,000) in seed funding from early-stage investment firm Quarizon. 

The Noida-based company will use the capital mainly to hire staff and upgrade technology. 

Exclusive: Omni-channel shopping firm ShopsUp raises seed funding

November 29, 2016 | Dearton Thomas Hector

Bengaluru-based HyperKonnect Technolgies Pvt Ltd, which owns shopping app ShopsUp, has raised seed funding of $1 million (Rs 6.6 crore) from two individual investors, a co-founder told TechCircle.

Dairy startup Osam raises Series B round from Lok Capital, Aavishkaar

November 29, 2016 | Debjyoti Roy

HR Food Processing Pvt. Ltd, which manufactures and markets dairy products under the brand  name Osam, has raised Rs 45 crore (around $6.7 million) in its Series B round of funding, it said in a statement.

Exclusive: Blume Ventures backs food-tech startup MonkeyBox

November 29, 2016 | Disha Sharma

MonkeyBox Food Tech Pvt. Ltd, which delivers healthy food for children, has raised an undisclosed amount in seed investment from early stage investor Blume Ventures and a clutch of high net-worth individuals (HNIs).

Exclusive: Agriculture supply chain startup Lemon Leaf raises bridge round

November 29, 2016 | Debjyoti Roy

Delhi-based RP2 Ventures Pvt. Ltd, which runs fresh fruit and vegetable supply chain venture Lemon Leaf, has raised a bridge round of funding from a clutch of angel investors, a top company executive told VCCircle.

Exclusive: Former Goldman Sachs exec’s e-commerce startup Indofash gets funding

November 28, 2016 | Dearton Thomas Hector

Bengaluru-based ethnic wear marketplace Indofash Ethnic Pvt Ltd has secured Rs 1 crore ($146,000) in funding from two angel investors, co- founder Pallavi Mohadikar told VCCircle.

B2B e-commerce firm Wholesalebox raises pre-Series A funding

November 28, 2016 | Priya Prasad

Wholesalebox.in, a Jaipur-based B2B wholesale e-commerce firm, has secured $2 million (Rs 13 crore) in a pre-Series A round from a group of angel and institutional investors.

Exclusive: MicroGraam floats social venture fund, gets high-profile HNIs as LPs

November 28, 2016 | Bruhadeeswaran R

MicroGraam Social Venture Fund, a category I alternative investment fund, has received approval from the capital market regulator to kick-start the fundraising process, a top executive told VCCircle. 

Rewards app Kloseby raises seed funding

November 26, 2016 | Disha Sharma

Rewards app Kloseby has raised $100,000 (around Rs 68 lakh) in seed investment from an undisclosed investor, it said in a statement.

Kloseby, run by Cloudnine Technologies Pvt. Ltd., helps users earn rewards when they visit stores. It also enables businesses to get better visibility.

Beenext, Blume Ventures, others back device management platform Servify

November 26, 2016 | Disha Sharma

Servify, a platform that works as a personal assistant to electronic gadgets and appliances, has raised an undisclosed amount in its pre-Series A round of funding from Beenext, and existing investors Blume Ventures and two German firms— Barkawi Holdings GmbH and TM Service Technology Holdings Gmb

Paytm, TaxiForSure’s founder, others back career advice platform TapChief

November 25, 2016 | Priya Prasad

Bengaluru-based TapChief, owned by Pilani Experts Technology Labs Pvt. Ltd, has secured an undisclosed amount of funding from Paytm, TaxiForSure’s Aprameya Radhakrishna, Fisdom’s Subramanya Venkat and Nu Ventures’ Venk Krishnan, it said in a statement.

Education loans firm Shiksha gets funding from Michael & Susan Dell Foundation, Aspada

November 25, 2016 | Bruhadeeswaran R

Chennai-based school financing company Shiksha Financial Services India Pvt. Ltd has received about Rs 6.7 crore ($1 million) from The Michael & Susan Dell Foundation along with  Aspada Investment Company, said a statement.

Exclusive: Ex-Just Dial CTO’s Xelpmoc invests in Ideal Insurance’s upcoming online platform

November 25, 2016 | Binu Paul

Kolkata-based insurance broking firm Ideal Insurance is all set to launch an online insurance platform christened 121Policy.com that will primarily focus on health insurance.

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