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FUNDING

May 13th, 2016 As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million...
FUNDING

May 13th, 2016 Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures.  The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in...
FUNDING

May 12th, 2016 Hyderabad based Life Circle Health Services has raised an amount of $150,000 as funding from European senior healthcare service provider GROUPE SOS. Life Circle is a home nursing service start-up being incubated at T-Hub, an incubation centre initiated by the Telangana government. Anant Kumar, Founder and CEO of Life Circle, said...
FUNDING

May 12th, 2016 Led by Ex-IAS officer, Unacademy a education technology platform has raised $500,000 led by Blume Ventures. Google's Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others has also participated. "Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini...
FUNDING

May 11th, 2016 Zenify, a home aggregator and rental management start-up based in Bengaluru has raised Pre-Series A funding of INR 6 crores from High Networth Individuals (HNI), who have a minor stake in Zenify. Zenify will use the raised funds to further expand their range of services in India and strengthen its team to complement their...
FUNDING

May 11th, 2016 Financial services firm JM Financial today said it has acquired close to 10 per cent stake in peer-to-peer (P2P) lending startup Faircent. Though the amount has been undisclosed but it's estimated to be close to Rs 16.5 crore (between USD 2.5 million to 3 million). In a filing to the BSE, the company said its subsidiary JM Financial...
FUNDING

May 10th, 2016 HealthifyMe, a mobile health and fitness startup today announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after announcement of seed round led by angel investors and Micromax, the company said in a release. Stating that...
FUNDING

May 10th, 2016 In first of its kind, Indian Institute of Technology Madras incubated a clean water technology company InnoNano Research finalized an agreement with US-based energy and water investment firm NanoHoldings for an $18 million investment. The company makes affordable clean drinking water reach very nook and corner of the country, especially...
FUNDING

May 10th, 2016 Online food ordering startup Swiggy has raised Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners. The value of Swiggy is now over Rs 865 crore or $130 million. Over the past few months, the company has also seen its order value basket size increased to Rs 375 per order. Close to 30% of these...
FUNDING

May 5th, 2016 Online beauty retailer Nykaa.com today said it plans to raise Rs 60-100 crores for marketing and setting up warehouses even as it focuses on opening more retail outlets to deepen its footprint. "We plan to raise another Rs 60 to Rs 100 crore from private sources...majority of investment will be into marketing to build the brand,...
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