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Money

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Ideaspring makes maiden investment in packaging software startup Karomi

Marking its first investment, early-stage venture fund Ideaspring Capital has put in a little over $500,000 (Rs 3.5 crore) in Chennai-based Karomi Technology Pvt. Ltd, which runs Karomi, a tech startup in the packaging artwork management space. The investment will power Karomi’s international expa...

1 March, 2017 | More »

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Lending startup RedCarpet raises $2.5 mn from Lightspeed

Gurgaon-based micro-lending startup RedCarpet Tech Pvt Ltd has secured $2.5 million (Rs 16 crores) in a funding round led by venture capital firm Lightspeed Venture Partners, according to a financial daily. The funds will be deployed for improving the technology used for risk evaluation, adding new ...

1 March, 2017 | More »

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Ankit Nagori and Mukesh Bansal’s CureFit acquires Kristys Kitchen

Healthcare platform CureFit has acquired Bengaluru-based premium online food delivery startup  Kristys Kitchen in a cash and equity deal, the company said in a statement today. Kristys Kitchen is a full-stack online food delivery company, which delivers premium authentic international and healthy f...

1 March, 2017 | More »

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Exclusive: Agri-tech startup Paalak.in raises seed funding

Delhi-based VDSS Agri Tech Pvt. Ltd, which owns and operates agri-tech startup Paalak.in, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. The angels who participated in the round include Vishwadeep Bajaj, C...

28 February, 2017 | More »

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Exclusive: Fashion search platform SeenIt raises pre-Series A funding

SeenIt Online Pvt. Ltd, a Kolkata-based startup that operates artificial intelligence-powered fashion search platform SeenIt.in, has raised an undisclosed amount in pre-Series A funding from Calcutta Angels Network (CAN) and Augment Ventures, the company’s co-founder Saksham Karwal told News C...

28 February, 2017 | More »

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Big data hiring startup Belong raises $10 mn from Sequoia, Matrix Partners

Bangalore-based recruitment solutions startup Belong.co, owned and operated by Belong Technologies India Pvt. Ltd, has raised $10 million (Rs 67 crore) in Series B funding led by Sequoia Capital India. Existing investor Matrix Partners India also invested in this round, Belong said in a statement. T...

28 February, 2017 | More »

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Exclusive: Deals platform Couponhaat raises funding from Austria-based angel investor

Online deals startup Couponhaat has raised an undisclosed amount of investment in its pre-Series A round from Austria-based angel investor Axel Wawrina, a top company executive told VCCircle. The firm will use the new capital for product development by leveraging big data and machine learning, enhan...

28 February, 2017 | More »

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OYO may raise $500 mn from SoftBank, check into unicorn club

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India’s consumer internet space, media reports said on Monday. If the deal goe...

27 February, 2017 | More »

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Exclusive: Live learning platform NeoStencil raises $1 mn in investment

Ed-tech startup NeoStencil India Pvt. Ltd has raised $1 million (Rs 6.67 crore) in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust. 91Springboard, M&S Partners Pvt. Ltd founder Hirokazu Mashita and Jabong co-founder...

27 February, 2017 | More »

Johari Shop

Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

Jewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will invest the capital to work on its omni-channel strategy that would start with t...

27 February, 2017 | More »