Former Fullerton India head joins Lendingkart’s board as director
Ahmedabad- and Bangalore-based fin-tech firm Lendingkart has appointed GS Sundararajan, former India head of non-banking finance company Fullerton, to its board as an independent director, a person directly in the know said.Sundararajan has joined the boards of both Lendingkart Finance, the NBFC arm, and Lendingkart Technologies, the technology and digital ......
SpoonJoy co-founders’ SaaS startup Hevo Data raises seed round
Hevo Data, Inc., a data integration platform launched by the co-founders of online meal delivery startup SpoonJoy, has raised $1 million (Rs 6.5 crore) in seed funding led by IDG Ventures India, a press statement said.A cloud-based software-as-a-service startup, Hevo leverages machine learning to understand the source schema for various ......
Fashion app Fashalot raises funding from Capillary Technologies, others
Offline-to-online fashion store Fashalot has raised an undisclosed amount of investment in its pre-Series A round from Capillary Technologies, a company statement said.Whiteboard Capital and existing investors YourNest Angel Fund and Rajul Garg also participated in this round.“We believe in Fashalot’s future of replacing traditional modes of marketing such as ......
Lighthouse hits fundraising milestone under third India PE fund
Mid-market private equity firm Lighthouse Funds has marked a preliminary close on its third India-focussed fund, a top executive told VCCircle.The PE firm has raised $80 million (around Rs 517.4 crore) for its preliminary close from several of its existing investors, said Mukund Krishnaswami, co-founder, Lighthouse Funds.The firm expects to ......
Viral content platform WittyFeed secures pre-Series A funding from angels
Content marketing platform WittyFeed, run by Vatsana Technologies Pvt. Ltd, has raised an undisclosed amount of funding in a pre-Series A round, a company statement said.The investors who participated in this round include Anand Chandrasekaran, former product head at Snapdeal, Apurva Chamaria, head of corporate marketing at HCL Technologies, and ......
ShopClues gets BCCL backing, narrows losses in FY17
Media conglomerate Bennett, Coleman and Company Ltd (BCCL) has struck a Rs 97.5-crore ($15 million) ad-for-equity deal with Gurgaon-based Clues Network Pvt. Ltd, which runs e-commerce firm ShopClues, filings with the Registrar of Companies show.Just last week, VCCircle reported that Bangalore-based food-tech startup FreshMenu had found a new backer in ......
Keiretsu Forum invests in defence-tech startup Aadyah
The Bangalore chapter of global angel network Keiretsu Forum has led a nearly $1 million (Rs 6.5 crore) seed round in aerospace and defence technology startup Aadyah Aerospace Pvt. Ltd."With the Make in India push becoming a key driver of investments in the defence sector, there will be a huge ......
Flipkart acquires mobile phone services startup F1 Info Solutions
Ecommerce major Flipkart has acquired mobile phone and electronic products repair and services startup F1 Info Solutions as it seeks to enhance aftersales offerings.Flipkart has merged F1 Info Solutions with its subsidiary Jeeves, a third- party service provider for home appliances and furniture.As part of the deal, Shammi Moza, F1 ......
Puravankara Projects rejigs top deck; Ashish Puravankara becomes MD & CEO
Public listed real estate developer Puravankara Projects Ltd has announced top management changes with Ashish Ravi Puravankara, the existing joint managing director of the company, being promoted as managing director and chief executive officer (CEO) of the company, as per a stock market disclosure.Ravi Puravankara, currently chairman and MD, will ......
Swiss investment firm Pioneering Ventures plans India-focussed agri fund
Pioneering Ventures India is looking to launch an investment fund focussed on backing agriculture and food supply chain companies in India, a top executive told VCCircle.The Zurich-based investment firm focuses on building greenfield ventures in the agriculture and food supply chain space in India. It has already established four ventures—Citrus ......
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