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 that will primarily focus on health insurance.

Freshdesk founder Girish Mathrubootham backs Hubilo

November 25, 2016 | Priya Prasad

Ahmedabad-based events startup Hubilo Softech Pvt. Ltd has secured an undisclosed amount of angel funding from 12 investors, including Freshdesk CEO and co-founder Girish Mathrubootham, multiple media reports said.

Franchise India backs laundry startup UClean

November 24, 2016 | Dearton Thomas Hector

Gurgaon-based UConcepts Solutions LLP, which owns tech-enabled laundry service provider UClean, has secured an undisclosed amount in seed funding from franchise and retail solution group Franchise India, it said in a statement.

Lightspeed leads $4 mn round in ShareChat

November 24, 2016 | Priya Prasad

ShareChat, a regional language social networking app operated by Mohalla Tech Pvt. Ltd, has raised $4 million (Rs 27.5 crore) in a Series A round of funding led by Lightspeed India Partners. 

IDG Ventures, Axilor invest $600K in InfiSecure

November 23, 2016 | Binu Paul

Mumbai-based InfiSecure, a real-time bot detection and protection platform, has raised $600,000 (Rs 4.1 crore) in seed funding from IDG Ventures and Axilor Ventures.

Lightspeed backs ex-Flipkart executives’ venture Udaan

November 23, 2016 | Disha Sharma

Business-to-business (B2B) marketplace has raised an early stage investment from Lightspeed Venture Partners, it said in a statement. 

Techcircle could not ascertain the amount raised, but several media reports said the startup raised $10 million (Rs 66.5 crore).

Infosys makes LP investment in former Helion execs’ VC fund Stellaris

November 23, 2016 | Joseph Rai

India's second-largest IT services company Infosys Ltd said on Wednesday it will invest in the maiden fund of home grown early-stage venture capital firm Stellaris Venture Partners, which was launched by three former executives at Helion Venture Partners.

Venture Highway backs background verification firm BetterPlace

November 23, 2016 | Disha Sharma

BetterPlace Safety Solutions Pvt. Ltd, a Bangalore-based startup that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital, according to a press statement.

Delta Partners, Sequoia and others invest in Knowlarity’s Series C round

November 23, 2016 | Priya Prasad

Cloud telephony firm Knowlarity Communications Pvt. Ltd has raised Rs 133 crore ($19.5 million) in a Series C funding round from Dubai-based private equity firm Delta Partners Capital and other investors. 

Cisco Investments joins Helpshift’s $23 mn Series B funding round

November 22, 2016 | Binu Paul

Cisco Investments has joined the Series B funding round of Pune- and San Francisco-based mobile customer relationship management (CRM) firm Helpshift Inc. The firm had raised raised $23 million (around Rs 153.6 crore) in its Series B round 

Exclusive: JLL, HDFC Red eye; SoftBank comes in with bridge round

November 22, 2016 | Manu P Toms

Japanese telecom and Internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million (Rs 34 crore) in a bridge round in real estate portal, according to three people aware of the development. 

Former Just Dial CTO, other angels back networking startup Nodd

November 22, 2016 | Varun Arora

Mumbai-based Nodd Ventures Pvt Ltd, the company which operates networking app Nodd, has raised Rs 1 crore ($146,000) in funding from former Just Dial Ltd chief technology officer Sandipan Chattopadhyay, 

Digital media venture Awesummly raises angel funding

November 22, 2016 | Varun Arora

Bengaluru-based NitroLabs Technology Pvt Ltd, the company which runs and operates news summarisation app Awesummly, has raised $146K (Rs 1 crore) in funding from Vivek Bhargava, chief executive, iProspect, a digital performance marketing agency, and Ameera Shah, promoter and managing director of

Vocabulary learning firm VoLT gets funding from YMS Mobitech

November 22, 2016 | Disha Sharma

Ed-tech startup VoLT, run by Edutainment Spearheads Pvt. Ltd., has raised an undisclosed amount of seed funding from YMS Mobitech, a tech-based distribution company.

AYE Finance raises Series B funding from new and existing investors

November 22, 2016 | Bruhadeeswaran R

Delhi-based non-banking financial company AYE Finance (AYE) has closed its Series B round of funding worth Rs 70 crore ($10.3 million) from LGT Impact Ventures and existing investors SAIF Partners and Accion, it said in a statement. 

Goldman Sachs India CEO, others invest in Datasigns

November 22, 2016 | Binu Paul

Financial-technology startup Datasigns Technologies Pvt. Ltd has raised an undisclosed amount in angel funding from V. Bunty Bohra, CEO of Goldman Sachs Services India, and former JP Morgan and UBS executive Sanjai Vohra.