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Online financing platform Lendingkart raises $32 mn in Series B funding

Online financing platform for small and medium enterprises (SMEs) Lendingkart has raised $32 million (around Rs 205 crore) in its Series B funding round led by Bertelsmann India Investments (BII). The round also saw participation from Darrin Capital Management and existing investors Mayfield India, ...

28 June, 2016 |More »

Hello-Tax2

Exclusive: Hello Tax gets angel funding

Hello Tax, an app that helps users fill income tax returns easily, has raised an angel round of funding from a high-profile investor, a top company executive told VCCircle. Himanshu Kumar, co-founder, Hello Tax, said it will use this first round of external funding for marketing for the app. The app...

28 June, 2016 |More »

Closed

Exclusive: Matrix Partners-backed home products marketplace Zimply shuts shop

Matrix Partners-backed mobile marketplace for home décor and interior designing products, Zimply, has shut down its operations, a person familiar with the development told VCCircle. The website and app of the startup are also no longer accessible. The company went through multiple pivots before fin...

28 June, 2016 |More »

MySuperBrain

Exclusive: Ed-tech startup MySuperBrain raises angel funding

MySuperBrain, an online talent discovery platform for students operated by Hyderabad-based Bojja IT Solutions Pvt Ltd, has secured an undisclosed amount in angel funding from tech consultancy firm Soniks Consulting. MySuperBrain plans to use the funds for marketing initiatives and augmenting the tec...

28 June, 2016 |More »

FabHotels2

FabHotels gets $8 mn in Series A funding

Gurgaon based Casa2 Stays Pvt. Ltd that operates budget hotel aggregator FabHotels has raised $8 million (Rs  54.3 crore) in a Series A round of funding from a group of investors including existing investors Accel Partners and Qualcomm Ventures, Mint reported, citing a company executive. RB Investm...

28 June, 2016 |More »

Nipun-Goyal_Co-founder_Curofy-(1)2

Why getting doctors to adopt technology is crucial for a digital healthcare boom

With the introduction of the term ‘Health 2.0’ in the early 2000s, India waded into the digital healthcare space. World Wide Web had taken the world by storm and India was no different. Health 2.0 was evidence enough that healthcare would be joining forces with the World Wide Web. But digital he...

28 June, 2016 |More »

buying

HT Media to buy into Singapore’s Sports Asia to boost digital play

HT Media Ltd has decided to pick up a 50.5% stake in Singapore-based digital content firm Sports Asia Pte. Ltd, as the newspaper publisher expands its online offerings. The publisher of dailies Hindustan Times and Mint said in a stock-exchange filing on Tuesday that it will make the investment throu...

28 June, 2016 |More »

ola_fe

What nationalist Ola had to say against ‘foreign’ Uber in Karnataka High Court

Even as the Karnataka High Court heard a petition filed by cab drivers affected by the Karnataka On-Demand Transportation Technology Aggregators Rules, 2016, homegrown cab-hailing firm Ola has submitted an affidavit to the court in which it alleged that its US-based rival Uber’s business model...

28 June, 2016 |More »

Startup_mukul_fe

Eight data analytics startups that raised funding in the last six months

Big data analytics – the process of capturing, managing and analysing massive amounts of data to generate meaningful insights – is all set to become a $16 billion market in India by 2025, according to IT industry body Nasscom. India is currently among the top ten data analytics markets in the wo...

28 June, 2016 |More »

Ruchit-Surati

Logistics tech startup Locanix raises funding

Software-as-a-service (SaaS) based logistics tech startup Locanix has raised Rs 2 crore (around $300,000) from a group of investors including senior executives from Cisco and Goldman Sachs. The Ahmedabad-based startup will use the funds to scale its operations, The Economic Times reported. Queries s...

28 June, 2016 |More »

Priyank Jain, founder, BlogBeats

Blogging platform BlogBeats raises pre-Series A funding

Bangalore-based TechBoulder Technology Solutions Pvt. Ltd, which runs geo- and time-tagged blogging platform BlogBeats, has raised an undisclosed amount in its pre-Series A funding round from a Michigan-based investor. “At a time when startup funding is slightly on a dip, we are proud to successfu...

28 June, 2016 |More »

Fund_mukul_fe

Exclusive: Online counselling startup YourDOST raises funding from SAIF Partners, others

Bangalore-based YourDOST, an online counselling and psychological support platform, has raised $1.2 million (around Rs 8 crore) in a funding round led by venture capital firm SAIF Partners, according to VCCEdge, the data research platform of VCCircle, and filings with the Registrar of Companies (RoC...

27 June, 2016 |More »

Appiness-founding-team-with-Adrian

Exclusive: Appiness Interactive hires former O&M exec Adrian Odgers as chief marketing officer

Bangalore-based digital media startup Appiness Interactive Pvt. Ltd has hired former managing director of Ogilvy & Mather (Singapore) Adrian M Odgers as chief marketing officer. Odgers will be working closely with Appiness’ founding team on its recently launched non-residential accelerator pro...

27 June, 2016 |More »

Anil_Kumar

Exclusive: Wellness startup Gomalon raises second round of seed funding

Bangalore-based wellness services startup Gomalon Technology Ventures Pvt. Ltd has raised $100,000 (around Rs 68 lakh) in a second round of seed funding from a company that makes essential oils, natural food colours and spice extracts, Anil Kumar, co-founder, Gomalon told Techcircle. Kumar declined ...

27 June, 2016 |More »

Rohit-Sharma_fe

Pokkt sells reward-based ad platform to focus on core mobile video ads

Mobile video advertising startup Pokkt.com has sold its reward-based Android app, Pocket Money, to Japanese mobile marketing company Adways Inc. for an undisclosed sum. Rohit Sharma, founder and CEO, Pokkt, said the startup decided to sell the application as it wants to focus more on mobile video ad...

27 June, 2016 |More »

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