Affle Raises Over Rs 50Cr From D2 Communications
Singapore-headquartered mobile media start-up Affle has raised over Rs 50 crore in its second round of funding from existing investor D2 Communications Inc., a joint venture between Japanese telco NTT DoCoMo Inc. and ad agency Dentsu. The deal is an all-cash investment for a minority stake in Affle Holdings Pte ......
Why restaurants operator Impresario is betting more on its cafe chain
Mumbai-headquartered Impresario Entertainment and Hospitality Pvt Ltd (IEHPL), which operates coffee shop restaurant brands such as Social Café, Smoke House Deli and Mocha, is gearing up to expand its café chains, hoping that the segment will be its biggest revenue generator going ahead.The company, which has nine Social Café outlets ......
Menterra floats $6M social VC fund
Menterra Venture Advisors said on Tuesday it has launched its maiden fund in India with a corpus of Rs 40 crore (about $6 million).The Menterra Social Impact Fund I will invest Rs 1 crore to Rs 4 crore in early-stage social enterprises in education, health, agriculture and energy sectors. The ......
Power2SME gets funding from Nandan Nilekani, existing investors
Gurgaon-based BEBB India Pvt Ltd, which runs Power2SME, an online buying hub for small and medium enterprises (SMEs), has raised an undisclosed amount of funding from Infosys co-founder and former UIDAI chairman Nandan Nilekani with participation from existing investors Accel Partners, Kalaari Capital and Inventus Capital.Queries sent to Power2SME on ......
This Asian startup just got backed by one of the world’s wealthiest royal families
The Brunei royal family is the latest to be bit by the startup bug. BookDoc, a Malaysia-based healthcare tech startup, has raised an undisclosed amount in a seed round of funding led by Prince Abdul Qawi, a member of the Brunei royal family, besides other unnamed investors.The startup will use ......
Food ordering startup Swiggy raises $35M from Harmony, RB Investments & others
Bundl Technologies Pvt Ltd, which owns and operates online food ordering startup Swiggy, has raised $35 million (around Rs 236 crore) in Series C round of funding from New York-based investor Harmony Partners and Singapore-based RB Investments. Existing investors also participated in the round.This comes seven months after the firm ......
Sami Labs eyes self-cultivation, B2C model for growth
Bangalore-based herbal products maker Sami Labs Ltd has chalked out a two-pronged strategy to expand business and improve profitability, a top executive said.The company, which acquired the biotech arm of Chennai-based KCP Ltd for Rs 5 crore last year, plans to buy land to grow herbs and medicinal plants. It ......
Roopa Kudva of Omidyar Network to chair the jury of VCCircle Awards 2016
The VCCircle Network is proud to announce Ms Roopa Kudva, partner and managing director at Omidyar Network India Advisors, as the chairperson of the jury for the fifth edition of VCCircle Awards.Roopa will head a jury that comprises Gopal Srinivasan, Ireena Vittal, Anjali Bansal and Valerie Rozycki Wagoner.At Omidyar, Roopa ......
Mindtree to buy US-based Magnet 360 for $50M
Mid-size IT services firm Mindtree Ltd has inked a definitive agreement to acquire Magnet 360, a Salesforce.com platinum consulting partner, for $50 million in cash, in a move aimed at addressing the cloud-based services market, according to a press statement.The deal amount includes an upfront payment of $37 million and ......
Med-tech startup Remidio raises Series B funding
Bangalore-based Remidio Innovative Solutions Pvt Ltd has raised an undisclosed amount in Series B funding from domestic HNIs and Cipher-Plexus Capital Advisors.The latter was also the investment banker for this transaction.Remidio, a healthcare product solutions company engaged in the design and development of imaging devices to diagnose eye diseases, has ......
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