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Money

L to R: Kris Gopalakrishnan, Chairman, Axilor Ventures and Sudhir Sethi, Chairman, IDG Ventures India

IDG Ventures and Axilor Ventures partner to fund frontier tech startups

India-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund early-stage startups in frontier tech sectors, the company said in a statement. Christened the Frontier Tech Innovato...

6 March, 2017 | More »

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BCCL invests $1 mn in m-commerce enabler OhoShop

Media conglomerate Bennett, Coleman and Company Ltd (BCCL) has invested Rs 6.7 crore ($1 million) in software-as-a-service (SaaS) based m-commerce enabler OhoShop mCommerce Pvt. Ltd, according to a press statement. Ahmedabad-based OhoShop, which also makes affordable mobile apps and websites for sma...

3 March, 2017 | More »

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Exclusive: Ed-tech startup Nactus raises angel funding

Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors, said Rohit Dusad, co-founder and CEO, Nactus. The round saw investments by Sandeep Aggarwal, managing director, Nomura; Gautam Chhaochharia, head of India, research, UBS; and ...

3 March, 2017 | More »

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Sticker search app Emojifi raises angel funding

Emojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors, it said in a statement. The capital will be used for marketing and enhancing ...

3 March, 2017 | More »

Alibaba

Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt. Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding Ltd, a financial daily reported on Th...

2 March, 2017 | More »

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Exclusive: HR solutions platform Tydy raises $275K from angel investors

Bangalore-based employee onboarding and engagement platform Tydy has raised $275,000 in angel investment from a group of individuals, including existing investor Bhupen Shah, former co-founder of Sling Media. Others who also invested in the firm are Jayesh Parekh, managing partner at Jungle Ventures...

2 March, 2017 | More »

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Exclusive: Chandigarh Angels Network backs social enterprise LetsEndorse

Bangalore-based LetsEndorse Development Pvt. Ltd, which runs online network for social causes LetsEndorse, has raised an undisclosed amount from Chandigarh Angels Network, Tata Trusts-backed Social Alpha and other unnamed angel investors. LetsEndorse will use the funds to enhance its technology foot...

2 March, 2017 | More »

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Sequoia-backed KredX acquires New York-based Hummingbill

Bangalore-based Minions Ventures Pvt. Ltd, which runs invoice discounting platform KredX, has acquired New York-headquartered accounts receivable software startup Hummingbill for an undisclosed sum, the company said in a press statement on Thursday. KredX said the acquisition will help it enhance it...

2 March, 2017 | More »

Blume Ventures

Blume Ventures is VC fund-raiser of the year: VCCircle Awards

Mumbai-based tech-focussed early-stage investment firm Blume Ventures, which closed its second fund of $60 million last year, has won the News Corp VCCircle VC fund-raiser of the year award in recognition of its prolific fund-raise from a largely domestic limited partner (LP) base. The Karthik Reddy...

2 March, 2017 | More »

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E-commerce solutions provider Kreate Konnect raises seed investment

Kreate Konnect, which manages operations for e-commerce companies, has raised an undisclosed amount of investment from advertising agency Langoor, one of the company’s co-founders told VCCircle. The startup will use the funds to develop its product and to expand its sales team, Piyush Jaidev, co-f...

1 March, 2017 | More »