VENTURE CAPITAL

Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

March 21, 2017 | Shruti Jain

Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala.

Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

March 21, 2017 | Manu P Toms

Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. 

ShopClues looks to raise $75-100 mn in pre-IPO round

March 21, 2017 | Disha Sharma

Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday.  

Flipkart raises $1 bn in down round: Report

March 20, 2017 | Dearton Thomas Hector

Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, has reportedly raised $1 billion in a massive fundraising round.

Exclusive: Hiring startup PMaps Assessment raises angel funding

March 20, 2017 | Joseph Rai & Debjyoti Roy

Mumbai-based analytics-driven hiring services provider PMaps Assessment, which is run by PMaps HR Consultants Pvt. Ltd, has raised its first external funding from a group of Pune-based investors, a top company executive told VCCircle.

Exclusive: Baring PE India revives venture-stage deals after nearly a decade

March 20, 2017 | Joseph Rai

Baring Private Equity Partners India Ltd (Baring PE India), which had stopped making fresh investments three years ago, has recently returned with a venture-style investment in an Internet startup, a person privy to the development told VCCircle.

Exclusive: IvyCap raises bulk of second fund, to start returning from debut fund

March 17, 2017 | Deepti Chaudhary

IvyCap Ventures Advisors Pvt. Ltd aims to start returning capital to investors in its debut fund this year and is in the last leg of fundraise for its second vehicle, a top executive at the Mumbai-based early-to-growth stage venture capital firm told VCCircle.

Impact investors ResponsAbility, Incofin bet $20 mn on agri-logistics firm Sohal Lal

March 17, 2017 | Debjyoti Roy

Swiss impact investor ResponsAbility Investments AG and Belgium-based Incofin Investment Management have put $20 million (nearly Rs 130 crore) in Sohan Lal Commodity Management Pvt. Ltd, a Delhi-based farm logistics services provider, a media report said.

Agri-tech startup FarMart raises seed funding from IAN

March 16, 2017 | Arti Singh

Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated.

Exclusive: Sequoia-backed ASG Eye Hospitals hires banker for fresh fundraise

March 16, 2017 | Joseph Rai & Ranjani Raghavan

Rajasthan-based ASG Eye Hospitals, a super specialty eye hospital chain, has hired an investment banker for a fresh round of fundraise, two people privy to the development told VCCircle.

Social fitness app Fitso raises $200K from former Flipkart exec, others

March 16, 2017 | Shruti Jain

Gurgaon-based Jogo Technologies Pvt.

Women-focused media startup POPxo raises $2.7 mn from GREE Ventures, others

March 16, 2017 | Binu Paul

POPxo.com, a digital publication targeted at young women, has raised $2.7 million in a Series B funding round led by Japanese venture capital firm GREE Ventures with participation from its existing investors Kalaari Capital and IDG Ventures India.

Exclusive: Virtual reality startup ShilpMIS raises angel funding

March 16, 2017 | Disha Sharma

Surat-based ShilpMIS Technologies Pvt. Ltd has raised an undisclosed amount in funding from Puneet Gupta, a digital industry veteran and angel investor, Nimitt Desai, partner at Deloitte US, and other high net worth individuals (HNIs), a top company executive told VCCircle.

Rewards startup m.Paani raises $1.35 mn from IDG Ventures, others

March 16, 2017 | Disha Sharma

Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement.

US-based Tricolor Cleantech Capital to invest up to $5 mn in JanaJal

March 15, 2017 | Vijayakumar Pitchiah

US-based social impact fund Tricolor Clean Capital has committed to invest up to $5 million (around Rs 33 crore) into hybrid drinking water dispenser maker JanaJal, the company announced in a statement.

Exclusive: BCCL’s Springboard Ventures backs fertility firm

March 15, 2017 | Debjyoti Roy

Springboard Ventures, an investment arm of media company Bennett Coleman and Company Ltd, has invested in a Maharashtra-based fertility services provider, said a person privy to the development.

Exclusive: Lightbox invests more in ed-tech startup Embibe

March 15, 2017 | Disha Sharma

Indiavidual Learning Pvt. Ltd, which runs online test preparation startup Embibe, has raised fresh funding from Lightbox Ventures, an existing investor in the company.

Big data company Infoworks raises $15 mn from Centerview Capital, Nexus

March 15, 2017 | Disha Sharma

Data warehousing company Infoworks.io Inc. has raised $15 million (Rs 98 crore) in its Series B round of investment led by Centerview Capital Technology.

Existing investor Nexus Venture Partners also took part in this round, Infoworks said in a statement.

ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

March 14, 2017 | Manu P Toms

ShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and former CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the comp

Home services startup Frapperz raises $100K in seed funding

March 14, 2017 | Binu Paul

On-demand home services provider Frapperz has raised $100,000 (Rs 66.6 lakh) in seed funding from a group of investors led by an Australia-based healthcare entrepreneur.

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