Archives
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NEWS 
March 8, 2016 Nightingales plans to raise $20 million in second round funding
The promoters of Medwell Ventures have invested around $3.5 million in Nightingales. Hyderabad: Nightingales Home Health Services, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year. Medwell Ventures acquired Benguluru-based Nightingales in April 2014, for undisclosed amount. Medwell Ventures, […]
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NEWS 
March 8, 2016 CREO raises $3 million from Sequoia Capital, others
Analysts say there is space for home grown phone-makers as India is seen as the growth engine in the global smartphone business, but are doubtful of the prospects of another OS. Photo: Bloomberg Bengaluru: Motiveprime Consumer Electronics Pvt. Ltd has raised $3 million from venture capital firms Sequoia Capital, Beenext Ventures and India Quotient to […]
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NEWS 
March 8, 2016 Retail-tech start-up SnapBizz raises $7.2 million
The Bengaluru-based company, which was started in 2013, had earlier received seed funding of $1.7 million from Qualcomm, Jungle Ventures, National Research Foundation of Singapore, Taurus Value Creation and Blume Ventures. Bengaluru: SnapBizz Cloudtech Pvt Ltd, a start-up that devises technology for corner grocery stores, has raised $7.2 million in an investment round led by […]
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ALL DEALS 
March 8, 2016 Buildzar raises $4 million from Puneet Dalmia
The company claims to get 750-800 orders a month with an average order size of Rs67,000. New Delhi: Glow Homes Technologies Pvt. Ltd, which owns and operates Buildzar, an e-commerce portal for construction materials, has raised $4 million from Puneet Dalmia, managing director of Dalmia Bharat Ltd. Dalmia has made the investment in his individual […]
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ALL DEALS 
March 4, 2016 Magic Leap raises $793.5 million from Alibaba, Google, Qualcomm
Magic Leap is promising to create a headset that would use a type of light-field technology to simulate 3-D images superimposed on the real world. New York: Magic Leap Inc., the mysterious startup working on a device that simulates reality, has raised $793.5 million in a new round of funding led by Alibaba Group Holding […]
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ALL DEALS 
March 4, 2016 Flipkart’s monthly ad sales revenue reaches $1 million
Photo: Hemant Mishra/Mint Bengaluru: Flipkart Ltd, India’s largest e-commerce firm, is currently generating nearly $1 million in monthly advertisement sales, making the company one of the largest digital ads platforms in India less than a year after it launched its ads business, two people familiar with the matter said. Ravi Garikipati, head of Flipkart’s ads […]
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ALL DEALS 
March 4, 2016 Augmented reality start-up Blippar raises $54 million
Blippar has 300 employees in 14 offices worldwide, with 30 of them in its New Delhi, Mumbai and Bengaluru offices. Bengaluru: Blippar Inc., a company that makes augmented reality technology for brands as well as for consumers, said on Wednesday that it has raised $54 million from Khazanah Nasional Berhad, the strategic investment fund of […]
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ALL DEALS 
March 4, 2016 Zendrive, a driving analytics start-up, raises $13.5 million
Zendrive’s technology can be used by a broad list of industries including on-demand services, commercial fleets, taxi aggregators, insurance companies, and for city planning, mapping, driving instruction and roadside assistance, among others. Bengaluru: Zendrive Inc., a mobile technology company which aims to make roads safer through data and analytics, raised $13.5 million in Series A […]
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ALL DEALS 
March 4, 2016 Zimmber set to raise up to $7 million from Snapdeal, others
Zimmber claims to have over 1,000 transactions per day on its platform. Bengaluru: Home services start-up Zimmber, run by Rejuvenate Solutions Pvt. Ltd, is close to raising $6-7 million from online marketplace Snapdeal and other investors, two people aware of the development said. Founded in 2014 by Anubhab Goel, Gaurav Shrivastava and Amit Kumar, Zimmber […]
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CLOTHING 
March 4, 2016 Hopscotch raises $13 million in a round led by Facebook co-founder Eduardo Saverin
The company raised $11 million in 2015. Mumbai: Online baby clothes and products company Hit The Mark Inc., which owns and operates as Hopscotch.in, said on Monday that it has raised $13 million in a Series C round of funding led by Facebook co-founder Eduardo Saverin. Saverin Family Office will join the Hopscotch board and […]
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ALL DEALS 
March 3, 2016 Affimity raises $1.2 million from Silicon Valley angel investors
Affimity allows users to focus on their passions and specific interests, filtering out irrelevant content and displaying only those posts that are relevant to the users’ interests. It currently has over 35 channels. Mumbai: Bengaluru-based social networking start-up Affimity Inc. said on Wednesday it has raised $1.2 million in angel funding from a group of […]
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ALL DEALS 
March 2, 2016 Russian billionaire Fridman’s LetterOne invests $200 million in Uber
Uber was valued at more than $60 billion, people familiar with the matter said in December, making it the world’s most valuable startup. Photo: Reuters Moscow: Russian billionaire Mikhail Fridman’s investment vehicle LetterOne invested $200 million in Uber Technologies Inc., betting in ride-hailing technology after selling billions of dollars worth of oil assets. “We aim […]
