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Money

Exclusive: Automobile IoT startup Vehico raises angel funding from Calcutta Angel Network, Appliyifi

Wednesday, December 7, 2016 | More »

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Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments. The fresh capital, raised in late October, will be used to...

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Digital lending platform ZestMoney raises $6.5 mn from PayU, others

Chalk Farm Ventures Pvt. Ltd, which runs consumer lending startup ZestMoney, has raised $6.5 million (Rs 44 crore) in a Series A round of funding led by Naspers-owned online payments firm PayU. Existing investors Ribbit Capital and Omidyar Network also participated in the round, a person directly aw...

7 December, 2016 | More »

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Car rental startup Revv raises $9 mn in institutional funding

The company did not reveal how much it raised in equity but said it was a Series A round, led by Edelweiss Private Equity. The undisclosed debt funding was raised from financing partners Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India. With the acquired funds, the ...

7 December, 2016 | More »

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Online investment advisory startup WealthApp gets $440K from angel investors

Bengaluru-based online investment advisory startup WealthApp Financial Advisors Pvt Ltd has secured Rs 3 crore ($440,000) in angel funding from investors including NuVentures managing partner Venk Krishnan and Daksh eServices co-founder MJ Aravind. Vikram Kotak, managing partner at Crest Capital and...

7 December, 2016 | More »

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Exclusive: AI startup Niki.ai raises additional funding from Unilazer

Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC fili...

6 December, 2016 | More »

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Exclusive: Bike rental startup ONN Bikes gets seed funding

Mumbai-based bike rental startup ONN Bikes has secured an undisclosed amount of seed funding from Grace Capital Ventures and four other individual investors. The startup, operated by Motorcruizer Technologies India Pvt. Ltd., will use the funds to set up hub stations in Bengaluru and Hyderabad, Nami...

5 December, 2016 | More »

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Online hypermarket operator urDoorstep bags $1.4 mn

Raising its second bridge round in six months, Bengaluru-based online hypermarket operator urDoorstep Eretail Pvt. Ltd has secured $1.4 million (Rs 10 crore) in funding. While Rs 5 crore was raised as debt from Lakshmi Vilas Bank, an equal amount was invested by an unnamed high net-worth individual....

5 December, 2016 | More »

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Info Edge invests $147K more in contacts management startup Diro Labs

Hiring portal Naukri.com’s parent Info Edge (India) Ltd has invested an additional Rs 1 crore (roughly $147,000) in contacts management startup Diro Labs, the company said in a stock exchange filing. Earlier this year, Info Edge had invested Rs 3 crore ($450,000) in the company. With the new inves...

5 December, 2016 | More »

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Exclusive: Food-tech startup Mr. Hot Foods gets seed funding

Food delivery startup Mr. Hot Foods Pvt. Ltd has raised an undisclosed amount of seed funding from angel investor Pawan Raj Kumar through the IvyCamp platform, a top company executive told Techcircle. Co-founder Pankaj Sharma said that Kumar’s addition as a mentor has helped the startup understand...

5 December, 2016 | More »

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Exclusive: Badiyajobs on expansion spree after raising funds from IIT-Madras alumni

New Delhi-based APN Recruitment Solutions Pvt Ltd, the company that runs and operates Badiyajobs.com, is planning to expand its footprint into new territories and hire aggressively after raising $100K in funding from IIT-Madras alumni in April. The company has been working towards scaling up operat...

2 December, 2016 | More »

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