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NEWS 
March 9, 2016 Period-tracking app LoveCycles gets Rs5 crore from Prime Venture Partners
A screen grab of LoveCycles app website Bengaluru: Plackal Techno Systems Pvt. Ltd, makers of mobile app LoveCycles that helps women track their menstrual cycles, Tuesday said it has raised Rs5 crore in seed investment from Bengaluru-based seed-stage investors Prime Venture Partners. LoveCycles is trying to tap into the “Quantified self movement” where minute details […]
NEWS March 9, 2016 Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app
Photo: iStock What to watch out for • Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding. • Amazon’s localization of mobile tech boosts demand for its app. • Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest […]
ALL DEALS March 8, 2016 Housing.com raises Rs100 crore from Softbank
Currently, Housing.com has 1.7 million verified listings and is working with over 40,000 developers and agents. Photo: Abhijit Bhatlekar/Mint New Delhi: Mumbai-based Locon Solutions Pvt. Ltd, which operates the online real estate web site Housing.com, has raised an additional Rs.100 crore in funding from Japan’s SoftBank Corp., the company said on Thursday. “We are delighted […]
ALL DEALS March 8, 2016 Amazon pumps Rs1,696 crore into Indian unit
The latest infusion, which came in December, is the single largest tranche of funds received by Amazon Seller Services Pvt. Ltd, the Indian unit of Amazon, since 2014, according to documents filed with the Registrar of Companies. Photo: Reuters Bengaluru: Amazon.com Inc., the world’s largest online retailer, has infused an additional Rs.1,696 crore into its […]
ALL DEALS March 8, 2016 Aisle.co raises Rs1.25 crore from TermSheet.io and ah! Ventures
Aisle.co handpicks its users after a process of screening. It has around 500-800 registrations per day in over 50 countries. Mumbai: Online matchmaking company Aisle Network Pvt. Ltd said on Thursday that it has raised Rs.1.25 crore in a pre-series A round of funding from TermSheet.io and ah! Ventures, with investments from key angel investors […]
ALL DEALS 
March 4, 2016 Wipro Ventures invests Rs9.78 crore in big data start-up Altizon Systems
Photo: Hemant Mishra/Mint Bengaluru: Wipro Ltd’s corporate venture arm Wipro Ventures has picked up a minority stake in Pune-based big data start-up Altizon Systems Pvt. Ltd. Wipro’s Rs.9.78 crore investment in Altizon allows it to have “a minority holding, not exceeding 20% of the outstanding share capital of the company”. It expects to close its […]
ALL DEALS March 2, 2016 ICRISAT incubator plans Rs100 crore fund for agri start-ups
As part of the incubation programme, the institute had been tying up funds for start-ups but was finding it increasingly difficult to convince mainstream financiers and venture capitalists. Hyderabad: Agri-research institute ICRISAT’s incubation arm is looking to set up aRs.100 crore fund in a year, an initiative that could help small entrepreneurs from the agri-business […]
ALL DEALS March 2, 2016 Taskbob raises Rs28 crore in series A funding
The funding comes at a time when home services platform operators have raised fresh capital to remain afloat, pursue consolidation efforts and to remain competitive and scale rapidly. Bengaluru: Taskbob, a home services company run by Mumbai-based Crenovative Ideas Pvt. Ltd, has raised Rs.28 crore ($4.5 million) in a series A funding round led by […]
ALL DEALS March 2, 2016 Budget pegs Rs72,394 crore as education outlay for 2016-17
As part of the pending move, all education credentials of students from Class X onwards would be digitized and kept in a demat format. Photo: Priyanka Parashar/Mint New Delhi: The Union budget on Monday allocated Rs.72,394 crore to education in the 2016-17 financial year, an increase of around 5% over the 2015-16 estimate. Of the […]
