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Money

Health-tech, fin-tech & ed-tech offer huge opportunities: growX ventures’ Ashish Taneja

Friday, February 12, 2016 | More »

Ashish Taneja, Managing Director, Growx Venture
Delhi-based early-stage investment firm growX ventures Management Pvt Ltd has made 18 investments in the last three years. Last year, it invested in smart network layer platform i2e1, online recipe sharing portal BetterButter.in, and online marketplace for chefs Bite Club, among others. Its portfol...

shut-shop

Exclusive: Funding crunch compels logistics aggregator Zippon to close operations

Zippon.in, an on-demand logistics aggregator for relocation services, has shut shop as it could not raise fresh funding after a proposed deal to sell out to a larger rival fell through at the eleventh hour. “We have closed down operations, largely because we couldn’t raise an angel round (of fun...

11 February, 2016 | More »

shopkirana

ShopKirana raises funding from ex-Samsung exec, others

Indore-based Shop Kirana E Trading Pvt Ltd, which runs B2B platform ShopKirana connecting individual retailers with suppliers, has raised an undisclosed amount of funding from Atul Jain, former senior vice president of Samsung global headquarters and food tech startup Hola Chef’s founder Anil Gelr...

11 February, 2016 | More »

InOpen-Technologies

Next Education acquires ed-tech firm InOpen Technologies

Hyderabad based Next Education India Pvt Ltd has acquired Mumbai-based InOpen Technologies Pvt Ltd, a firm that develops educational content and teacher training solutions, in an all-cash deal. The deal gives Next Education access to Computer Masti, a computer science-focused curriculum developed by...

11 February, 2016 | More »

oyo_fe

OYO buys Zo, Zostel in all-stock deal; Zo founders quit

It’s official. Budget hotel aggregator OYO Rooms has acquired Tiger Global-backed smaller rival Zo Rooms, OYO’s lead investor SoftBank said in an earnings presentation. A formal announcement is expected in the next two weeks, a person directly involved in the transaction told Techcircle.in. S...

10 February, 2016 | More »

Peter Kabel & Dominik Gyllensvard

Exclusive: German angels scout for Indian startups

At a time when European investors mostly remain apprehensive about the Indian startup ecosystem, a group of German angel investors is building a portfolio of early-stage ventures in India. The Asian E-Commerce Alliance (AECAL), a seed fund co-founded in 2014 by Germany-based digital entrepreneurs an...

10 February, 2016 | More »

Affimity

Social networking startup Affimity gets $1.2M in angel funding

Social networking startup Affimity said on Wednesday it has raised $1.2 million (around Rs 8 crore) in an angel round of funding from Silicon Valley investors and its founders. The Bengaluru- and San Francisco-based company didn’t disclose the names of the investors in a press statement. The com...

10 February, 2016 | More »

quich_heal

Anti-virus software maker Quick Heal’s IPO oversubscribed around 10 times

The initial public offering of Sequoia Capital-backed anti-virus software maker Quick Heal Technologies Ltd was oversubscribed 9.68 times led by institutional investors, high net-worth individuals (HNIs) and corporate investors who bid aggressively on the final day of the issue. Non-institutional in...

10 February, 2016 | More »

GlamStudios

Budget salon aggregator GlamStudios raises seed funding

Delhi-based GlamStudios, which claims to be India’s first online aggregator of budget salons, has secured an undisclosed amount in seed funding from former Rategain COO Aqeel Ahmed, it said in a statement. Glam Online Pvt Ltd, the company that runs the startup, will use the money raised for reach...

10 February, 2016 | More »

online_leading

Online lending platform Capzest raises $200K from Lion Ventures, others

Wiseworks Technology Pvt Ltd, which runs digital lending platform Capzest, has raised $200,000 (around Rs 1.4 crore) in a seed funding round led by Lion Ventures. Investors who participated in the round include Anurag Mehrotra, founder of Lion Ventures; Varun Dua, co-founder and CEO of Coverfox; Ami...

10 February, 2016 | More »

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