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B2B logistics startup BlackBuck to raise $10 mn from IFC

International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd,...

19 January, 2017 | More »


Exclusive: Wedding venue marketplace Weddingz.in raises $1 mn

Mumbai-based online marketplace for wedding venues and vendors, Weddingz.in, has raised nearly $1 million (Rs 6.8 crore) from Singularity Ventures, a person close to the development told Techcircle. Existing investor Sixth Sense Ventures also participated in the round. Weddingz.in founder and CEO Sa...

19 January, 2017 | More »


Rocket Internet mops up $1 bn to back startups globally

Rocket Internet SE, the German investment firm that has struggled with its bets on Indian companies, has raised $1 billion in a new fund to back Internet companies globally. The Rocket Internet Capital Partners fund is Europe’s largest fund focused on the Internet sector, the firm said in a statem...

19 January, 2017 | More »


NetApp launches accelerator programme for Indian startups

US-based storage and data management company NetApp has announced its startup accelerator programme for India, Escape Velocity, which will aim to nurture technology startups in the country. Deepak Visweswaraiah, managing director, NetApp India, said Escape Velocity will help the company share its te...

19 January, 2017 | More »


Fitness marketplace Fitnapp raises funding from Noida-based SD Group

Delhi-based Metano Technologies Pvt Ltd, which owns and operates fitness app Fitnapp, has raised pre-series A round of funding from Noida-based realty developer SD Group. The company will use the funds to expand its online presence, enhance its marketing efforts and increase its associations and par...

19 January, 2017 | More »


Chinese accelerator ZDream Ventures buys startup database platform Xeler8

Chinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms, according to a press statement. ZDream, however, did not disclose the deal valuation. The 12-member team of Xeler8 wil...

19 January, 2017 | More »


Sports tech startup Athletto shortlisted for Facebook’s FbStart programme

Bengaluru-based O Tree Solutions Pvt Ltd, which operates sports tech startup Athletto has been selected by Facebook Inc. for its FbStart programme. The startup will receive credits up to $40,000 and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dr...

19 January, 2017 | More »


Indian snacks portal Native Special secures investment from IAN & Native Angels Network

Tamil Nadu-based Native Special Products Ltd, which operates Indian sweets and snacks portal Native Special, has raised an undisclosed amount of funding from Indian Angel Network (IAN) and Madurai-based Native Angels Network (NAN). Angel investor Nagaraja Prakasam led the funding round on behalf of ...

19 January, 2017 | More »

L to R: Balaji (CTO), Prateek (Co-founder) & Saurav (Co-founder)

Deals app Little acquires beauty & wellness startup Stylofie

Little Internet Pvt Ltd, which owns the deals discovery app Little, has acquired beauty and wellness startup Stylofie for an undisclosed amount. Little aims to further penetrate the beauty and wellness segment with this acquisition. “With this acquisition, Little will get access to more than 50,00...

19 January, 2017 | More »


Exclusive: Parking solutions app PParkE raises seed round

Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures, one of its co-founders told Techcircle. Shampa Ganguly, co-founder and CEO, PParkE, said, “We have ...

18 January, 2017 | More »