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Startups

True Balance

True Balance raises $15 mn from SoftBank Ventures Korea, others

Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance, has raised Rs 100 crore ($15 million) in a Series B round led by existing investor SoftBank Ventures Korea, part of Japanese Internet conglomerate SoftBank Group Corp, and IMM Investment Group. Other So...

20 February, 2017 | More »

David Back, co-founder, Zoomcar

Zoomcar co-founder David Back to drive strategy at Idein Ventures

Early-stage venture capital firm Idein Ventures has hired David Back, co-founder of self-drive car rental startup Zoomcar, as entrepreneur-in-residence. Back will advise Idein and its portfolio companies on strategy, growth, hiring, compensation, legal structure, customer acquisition, monetisation a...

20 February, 2017 | More »

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Weekly roundup on startup funding

Seven startups raised angel/seed and venture capital funding in the past week, with Bengaluru-based Internet of things startup Flutura Business Solutions leading the charts as it raised $7.5 million in a Series A round led by Vertex Ventures. Among other deals, Bengaluru med-tech startup SigTuple Te...

20 February, 2017 | More »

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Urban Ladder raises $15 mn from Kalaari, SAIF and others

Bangalore-based Urban Ladder Home Décor Solutions Pvt. Ltd, which runs online furniture store Urban Ladder, has raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Stea...

17 February, 2017 | More »

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Booking.com launches accelerator programme for startups in sustainable tourism

Accommodation booking website Booking.com has launched a new accelerator initiative, the Booking Booster Programme, for startups in the tourism segment. The three-week programme, which will be held in June 2017 in Amsterdam, will see between eight and 12 startups being shortlisted, the company said ...

17 February, 2017 | More »

News website The Ken raises $400K from angels

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement. The participants in this round of funding include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish ...

17 February, 2017 | More »

Hemanth Satyanarayana, CEO of Imaginate

VR startup Imaginate raises $500K from SRI Capital

Imaginate Technologies, Inc, an augmented reality (AR) and virtual reality (VR) startup, has raised Rs 3.35 crore ($500,000) in seed investment from venture fund SRI Capital, a top company executive told Techcircle. “The funds will be used to scale up operations in the US and run pilots with l...

17 February, 2017 | More »

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Exclusive: Packaged foods startup Sattviko acquires StylSpot

Rays Culinary Delights Pvt. Ltd, which runs packaged foods company Sattviko, has acquired outfit curation portal StylSpot in order to strengthen its technology platform, a top company executive told Techcircle. Sattviko, which also operates a chain of quick-service restaurants (QSR) in three cities,...

16 February, 2017 | More »

fitness

Weight-loss startup Obino acquires fitness app Fitard

Mumbai-based Manna Healthcare Pvt. Ltd, which runs weight loss coaching app Obino, has acquired Fitard, a reward-based fitness tracking app, it said in a statement. It did not disclose the deal value. The fitness app rewards users with Fitcoins, a virtual currency, on completion of targets. These Fi...

16 February, 2017 | More »

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Online payments startup Razorpay turns profitable as sales rise 10-fold

Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Ne...

15 February, 2017 | More »