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Money

Nasdaq-listed Nuance Communications acquires VAS firm mCarbon for $36 mn

Nasdaq-listed Nuance Communications acquires VAS firm mCarbon for $36 mn

US-based software company Nuance Communications Inc has acquired Noida-headquartered value-added services provider (VAS) mCarbon Tech Innovations Pvt. Ltd for $36 million in a cash-and-stock deal, a media report said. The deal will help Nuance expand its VAS and subscriber revenue services, The Econ...

9 February, 2017 | More »

For-Wooplr-Story-TC_ThinkstockPhotos-488217130

Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw pa...

9 February, 2017 | More »

Yen-fall

Weaker yen helps SoftBank pare valuation loss from Snapdeal, Ola investments

Japanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instruments for the nine-month period ended December 31, 2016, largely due to a decline in fair value of preferred stock investment, primarily in India. The...

8 February, 2017 | More »

Cartrade

CarTrade raises $55 mn from Singapore’s Temasek, others

Automobile classifieds portal CarTrade.com has raised Rs 370 crore ($55 million) in a funding round led by existing investor Temasek Holdings (Singapore government’s investment firm) and a US family office, a company statement said on Wednesday. CarTrade, however, didn’t disclose the name of...

8 February, 2017 | More »

Jitender-Arora_Cofounder_MYF_fe

Transportation software startup Mind Your Fleet raises bridge round

Noida-based Kromozones Software Pvt Ltd, which runs and operates fleet management solutions provider Mind Your Fleet, has raised an undisclosed amount in a bridge round of funding from a group of angel investors. The round was led by Japan Vyas, co-founder and managing partner of Sixth Sense Venture...

8 February, 2017 | More »

Team Zenatix

Energy management startup Zenatix raises $1.18 mn

Gurgaon-based Zenatix Solutions Pvt Ltd, an Internet of Things (IoT)-based energy management startup, has raised Rs 8 crore ($1.18 million) led by pi Ventures with participation from existing investor Blume Ventures. The current round of capital will be used primarily for hiring and also for interna...

8 February, 2017 | More »

PhonePe

Flipkart-owned PhonePe in talks with PayPal to raise funds

Flipkart-owned PhonePe is in talks to raise a significant amount of funding independently at a valuation of about $500 million as strategic investors line up for a slice of India’s booming e-payments market, a national daily reported on Wednesday, citing people aware of the development. A repo...

8 February, 2017 | More »

Travel-tech startup Wandertrails raises $1 mn in seed funding

Travel-tech startup Wandertrails raises $1 mn in seed funding

Bangalore-based experiential travel startup Wandertrails Services Pvt Ltd has raised $1 million in seed investment from Earlsfield Capital, a UK-based venture capital firm of entrepreneurs-turned-investors. The company will use the new capital to expand its services across the country and build more...

8 February, 2017 | More »

VCCircle_Ratan_Tata

Storm in Bombay House over, Ratan Tata to resume startup investing soon

Tata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, managing director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retiring...

7 February, 2017 | More »

L to R: Amit Malik and Shefali Batra, Founders, InnerHour

Exclusive: Online counselling startup InnerHour raises $450K from VentureWorks, others

InnerHour, an online psychological wellness platform, has raised $450,000 (nearly Rs 3 crore) in its first round of funding from financial advisory firm Batlivala & Karani Securities, investment firm Venture Works and others, a top company official told Techcircle. Run by Mumbai-based MindCresce...

7 February, 2017 | More »