TECHNOLOGY

Rajasthan Venture Capital Fund backs B2B artisan marketplace

January 20, 2017 | Shruti Jain

Jaipur-based Rajasthan Venture Capital Fund (RVCF) has invested an undisclosed amount in Direct Create Private Limited (DC), an online and offline B2B marketplace that brings together artisans, designers and buyers, according to a press statement.

IIT Delhi, Wharton alumni back IoT startup Tyre Express

January 20, 2017 | Disha Sharma

Enterprise IoT solutions startup Tyre Express Pvt. Ltd. has raised an undisclosed amount in its seed round from IIT Delhi and Wharton alumni, the company said in a statement.

Former Citigroup executive invests in data analytics firm Connaizen

January 20, 2017 | Arti Singh

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount in pre-seed funding from Umang Moondra, former managing director of Citigroup, Singapore. 

Stellaris, Bessemer & Jungle Ventures back B2B marketplace Wydr

January 20, 2017 | Disha Sharma

Mobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round.

IFC to invest $10 mn in logistics startup BlackBuck

January 19, 2017 | TEAM VCC

International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said.

Noida-based realty developer SD Group backs fitness marketplace Fitnapp

January 19, 2017 | Binu Paul

Delhi-based Metano Technologies Pvt Ltd, which owns and operates fitness app Fitnapp, has raised pre-series A round of funding from Noida-based realty developer SD Group.

ZDream Ventures acquires startup database platform Xeler8

January 19, 2017 | Disha Sharma

Chinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms, according to a press statement.

ZDream, however, did not disclose the deal valuation.

IAN, Native Angels Network back Indian snacks portal Native Special

January 19, 2017 | Varun Arora

Tamil Nadu-based Native Special Products Ltd, which operates Indian sweets and snacks portal Native Special, has raised an undisclosed amount of funding from Indian Angel Network (IAN) and Madurai-based Native Angels Network (NAN).

Exclusive: Singularity Ventures backs wedding planning firm Weddingz.in

January 19, 2017 | Arti Singh

Mumbai-based online marketplace for wedding venues and vendors, Weddingz.in, has raised nearly $1 million (Rs 6.8 crore) from Singularity Ventures, a person close to the development told Techcircle. Existing investor Sixth Sense Ventures also participated in the round.

Paytm-backed Little buys online salon marketplace Stylofie

January 19, 2017 | Binu Paul

Little Internet Pvt Ltd, which owns the deals discovery app Little, has acquired beauty and wellness startup Stylofie for an undisclosed amount.

New Science Ventures, others invest $12.8 mn in Zeotap

January 18, 2017 | Binu Paul

Bangalore- and Berlin-based mobile data startup Zeotap GmbH has raised $12.8 million (12 million euros) in Series B funding from New Science Ventures (NSV) and Here.

Telematics solutions provider MSD Telematics buys Heuristics Info Systems

January 18, 2017 | Varun Arora

Gurgaon-based telematics solutions firm MSD Telematics Pvt Ltd has acquired vehicle tracking solutions provider Heuristics Info Systems Pvt Ltd for an undisclosed amount in an all-cash deal.

Exclusive: Singapore's SB Ventures invests in PParkE

January 18, 2017 | Dearton Thomas Hector

Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures, one of its co-founders told Techcircle.

Exclusive: Angel investors back construction management platform QwikSpec

January 18, 2017 | Binu Paul

Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding, its founders told Techcircle. The amount was raised from a veteran tech angel investor, whose name the founders didn't disclose, and others. 

India to consider Apple's request for investment incentives

January 18, 2017 | Reuters

India will consider Apple Inc.'s request for incentives to invest in the country with an "open mind", Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday.

"We will very much like Apple to come and have a base in India," Prasad said.

Exclusive: Simplilearn to raise $40 mn from PE firms this year

January 18, 2017 | Manu P Toms

Online certification course provider Simplilearn is planning to raise $30-40 million in Series D funding in the first half of this year, its founder and CEO Krishna Kumar told Techcircle. 

Exclusive: Vehicle maintenance marketplace Hoopy raises angel round

January 18, 2017 | Debjyoti Roy

Vehicle maintenance marketplace Nephonine Solutions Pvt. Ltd, which offers its services under the brand Hoopy, has raised its angel round of funding from a clutch of wealthy individuals, according to people close to the development.

Fireside's Kanwaljit Singh, Mumbai Angels back Vahdam Teas

January 18, 2017 | Debjyoti Roy

Vahdam Teas Pvt Ltd, a Delhi-based tea e-tailer, said on Wednesday it has raised funding from a clutch of angel investors to implement its expansion plans.

Exclusive: BillDesk acquires fintech payment product

January 17, 2017 | Bruhadeeswaran R

Private equity-backed IndiaIdeas.com Ltd, the firm that runs online payment gateway solutions provider BillDesk, has acquired a financial technology product from a Kochi-based company to increase capabilities in the mobile commerce segment, said a person close to the development.

Exclusive: Dubai-based angel investors back truck aggregator Ezytruk

January 17, 2017 | Disha Sharma

Bangalore-based logistics and truck aggregator Ezytruk Solutions Pvt Ltd has raised $147,000 (Rs 1 crore) in angel investment from Dubai-based investors Ajith Nair and Anish K.

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