Mumbai-based children’s snack foods company Mumum Co raises ₹3.4 crores angel funding from angel investors like Nisa Godrej, Executive Chairman of Godrej Consumer Products Ltd, and Siddharth Parekh and Sumeet Nindrajog, co-founders of Paragon Partners. The food company will use this funding to offer a new product range, team hiring, and expansion in tier 2 cities. Founded by Farah Nathani Menzies […]
The pocket-friendly hospitality chain OYO has announced a new acquisition. The company has taken over an Internet of Things (IoT) technology company known as AblePlus Solutions Pvt. Ltd for an undisclosed amount. After this acquisition, the hospitality startup will be bringing in IoT into the basic zones of their hotel management system. The main purpose […]
The social commerce platform ‘Shop101’ has reportedly secured an amount of $5 million. The particular funding round was led by Stellaris Venture Partners and along with this saw the participation of investors like Vy Capital, Raghunandan G (TaxiForSure co-founder), and Ramakant Sharma (Livspace co-founder). The funds raised through the latest round will be utilized in […]
Deutsche Bank, the German investment bank and financial services recently announced the acquisition of its first Indian fintech startup, Quantiguous Solutions for an undisclosed amount. The acquisition was made as the bank looks to strengthen several divisions and applications. Post the acquisition deal, all employees of Quantiguous will move to Deutsche Bank offices and will […]
Toppr, the personalised e-learning and online test preparation platform, recently raised a debt funding round worth $2.3 Mn from Alteria Capial – a new investment fund launched by Ajay Hattangdi and Vinod Murali. The Mumbai-based company was founded in 2013 by Zishaan Hayath and Hemanth Goteti to assist students preparing for competitive entrance exams such […]
Mumbai based fintech Startup Rubique Technologies raises an undisclosed amount of funding led by Japan’s Recruit Group and Russian venture capital management company, Emery Capital. The funding will enable Rubique to further strengthen its technology and analytics capabilities. Established in the year 2014, the company has registered 200k customers and facilitated loan disbursement worth approximately Rs. 2,670 crores and over 82,000 […]
Emotix, a revolutionary robotics, and consumer electronics company raised a funding round of over $2 million from IDG Ventures India and YourNest. This funding round also saw the participation of existing angel investor, Keshav Murugest, Executive Officer of WNS Global Services. Emotix, a Mumbai-based company now claims leadership over the social robotics market after taking the […]
Porter, a logistics marketplace based in Mumbai raised Rs 50 crore funding from Mahindra Group in a Series C funding round. Resfeber Labs Private Limited operates the firm and allotted 246,280 shares of Rs100 each for the funding at a premium of Rs 1932.20 per share on March 28, 2018. Presently, the startup raised over […]
Drona Aviation, a Nano drones company received Rs 64 Lakhs from Globevestor, existing investor SINE IIT Bombay and additional investors. Drona Aviation Private Limited prepared 865 preference shares worth Rs 100 each and a premium of Rs 7377 per share. Previously, SINE IIT Bombay invested Rs 10 lakhs in the startup. Drona Aviation was founded […]
Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each. BOHECO previously raised 6.25 crore from a group of investors that included the notorious Ratan Tata, […]
Mumbai based ready-to-cook meals delivery startup Fingerlix raises Rs 8.5 crore funding from Alteria Capital Advisors LLP. The funding is in venture debt and this is the first investment by Alteria capital. Founded by Ajay Hattangdi and Vinod Murali in October 2017, Alteria Capital announced that its receives Rs 356 crore on 1st March for the investment […]
Gurgaon based Goibibo, an Online travel platform has signed an agreement with the winner of last season of IPL Mumbai Indians team as a principal sponsor of the for one year. The details of the deal have not been disclosed. Goibibo is acquired by MakeMyTrip offering online services like travel, ticket booking etc. The 11th […]