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Author Archive ‘ Varun Arora ’


Green energy startup igrenEnergi gets fresh funding

igrenEnergi Inc, a US-headquartered startup incubated at the Indian Institute of Technology-Bombay, has raised fresh funding to launch a product that it claims will improve the efficiency of solar energy panels. The company secured the investment from New York-based angel investor Sunil Mehta, it sa...

12 February, 2016 | More »


Kalaari eyes seed funding deals, to also incubate startups

Venture capital fund Kalaari Capital is planning to invest about $20 million (around Rs 135.7 crore) in 40 startups over the next two years as part of its seed and incubation programme. “We didn’t do a single seed deal in the last 10 years, but we feel that there is a requirement and a g...

4 February, 2016 | More »


Mu Sigma names Ambiga Dhiraj new CEO

India- and US-based data analytics company Mu Sigma Inc. has appointed Ambiga Dhiraj as its new chief executive officer. Ambiga replaces Dhiraj Rajaram, her husband and the company’s founder who will now be its chairman, according to a press statement. She has been working with Mu Sigma for about ...

3 February, 2016 | More »


Mazkara raises $1M seed funding from Dunamis Ventures

Dubai-based Mazkara FZ LLC, which runs beauty and wellness startup Mazkara, has raised $1 million (around Rs 6.8 crore) in seed funding from early-stage investor Dunamis Ventures Pte Ltd. Mazkara had earlier raised $500,000 in angel funding from private investors based in Dubai. The startup will us...

3 February, 2016 | More »


Zishaan Hayath on edtech venture Toppr, startup funding scene in 2016

Zishaan Hayath is no stranger to the Indian startup ecosystem. The IIT-Bombay alumnus co-founded his first company, mobile commerce marketplace Chaupaati Bazaar, in 2008. The firm was acquired in 2010 by Future Group, where Hayath then worked for about two years. In April 2013, Hayath co-founded Top...

2 February, 2016 | More »


Industrial IoT startup Altizon gets $4M from Wipro’s VC arm, others

Pune-based Altizon Systems Pvt Ltd, which operates a technology platform for developing industrial IoT (internet of things) solutions, has raised $4 million (around Rs 27.2 crore) in Series A funding led by Wipro Ventures and Lumis Partners. Altizon’s current investors, The Hive and Infuse Venture...

2 February, 2016 | More »


IRCTC curbs on e-wallets may deter Paytm, Mobikwik users

The ministry of railways’ decision to bar consumers from using e-wallet and cash cards to book train tickets using the Indian Railways Catering & Tourism Corporation Ltd, or IRCTC, website for four hours daily could affect Paytm and Mobikwik’s plans to get train travellers to use the...

29 January, 2016 | More »


Chennai Angels backs home automation firm Silvan Innovation

Bangalore-based home automation solutions provider Silvan Innovation Labs Pvt Ltd has raised $500,000 (Rs 3.5 crore) in funding from The Chennai Angels. The investment round was led by R Ramaraj, a senior advisor at Sequoia Capital who previously co-founded internet company Sify. Silvan and The Chen...

25 January, 2016 | More »


Exclusive: Qlivery raises funds from Chandigarh Angels Network

Gurgaon-based Invexgo Solutions Pvt Ltd, which runs on-demand concierge services Qlivery, has raised an undisclosed amount of funding from Chandigarh Angels Network (CAN). The funds will be utilised to scale operations. Some part of the funds will also be used to improve its current set of technolog...

22 January, 2016 | More »


SnapBizz gets $7.2M from Jungle, others for grocery automation play

SnapBizz Cloudtech Pvt Ltd, which provides an Android-based connectivity platform to local offline grocers, has raised $7.2 million (around Rs 48.7 crore) from Jungle Ventures, Taurus Value Creation and other VC firms. Konly Venture and Blume Ventures also participated in this round, the startup sa...

22 January, 2016 | More »