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Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

2May By PriyankaNo Comments

FUNDING

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

Nandan Nilekani, Infosys co-founder and former chairman of UIDAI invested an undisclosed investment in RailYatri.in. Founded by Kapil Raizada, Sachin Saxena, and Manish Rathi, Railyatri is a web and mobile app-based startup that provides real-time and analytics-based travel-related information to passengers. The startup claims to serve 2 million users a month. Helion Ventures, Omidyar Networks and Blume Ventures has also invested an undisclosed sum along with Nilekani. “What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians,” said Nilekani in a statement. “The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travellers.” “...

1May By AnkitaNo Comments

FUNDING

Online Doctor Consultation Startup DocsApp Raises $1.2 mn Seed Funding

Online doctor consultation app DocsApp has raised a seed investment of $1.2 million from Japanese venture capital firm by Rebright Partners and angel Investors Anand Rajaraman and Venky Harinarayan, who were also the early investors in Facebook. Satish Kannan, CoFounder & CEO, DocsApp, said, “With mobile phones becoming the key medium of communication across the country, DocsApp takes advantage of this widespread network to provide high quality primary healthcare services to people across India through our mobile application. The patient doesn't need to travel to have a medical consultation. We want to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand. We believe that this will also help us take specialised care d...

Google Glass-based startup raises $17 million in funding

26Apr By reutersNo Comments

FUNDING, News

Google Glass-based startup raises $17 million in funding

Augmedix Inc, a startup that uses Alphabet Inc's (GOOGL.O) Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million (11.7 million pounds) funding round led by investment firm Redmile Group. Augmedix's employees transcribe doctors' notes and update patients' electronic medical record through Google Glass. The San Francisco company, which has raised $40 million so far, also said it had received investments from five U.S. healthcare networks, including Sutter Health and Dignity Health, which together have more than 100,000 healthcare workers. Augmedix, with 400 employees, said it serves doctors in nearly all 50 U.S. states. Funds raised will be used to build up the service to serve more health systems and pr...

SIDBI Sanctioned Rs 1,000 crore to 30 Venture Funds

24Apr By AnkitaNo Comments

News

SIDBI Sanctioned Rs 1,000 crore to 30 Venture Funds

The Small Industries Development Bank of India (SIDBI) has sanctioned Rs Rs 1,416 crore crore to 30 venture funds through the government-financed India Aspiration Fund, which seeks to support startups in their early stages. Earlier this month, SIDBI signed a memorandum of understanding with Life Insurance Corporation of India under which the government-owned company would contribute 10% of the fund as a co-investor. "We got many proposals from funds, out of which 35 proposals were recommended by the VCIC to our executive committee. We have already approved 30 of the proposals worth Rs 1,000 crore," Shivaji said. The proposals are from venture funds such as IvyCap Ventures, Blume Ventures and Exfinity Venture Partners. SIDBI will provide these funds about 15% to 20% of their total ...

Exclusive Interview with 1mg Team After 100 crores Series B Funding

22Apr By NitishNo Comments

Story

Exclusive Interview with 1mg Team After 100 crores Series B Funding

1mg, India’s leading consumer health platform, announced a 100 Cr Series B investment led by Maverick Capital Ventures, the venture capital fund affiliate of Maverick Capital. Looking the deal size and work-force 1mg seems a clear leader in the digital health market in India. Founded by Prashant Tondon, Gaurav Agarwal, Vikas Chauhan and Started as HealthKartPlus, 1mg grew to become the “Wikipedia” of medicine information, highlighting saving potential of ~70-80% on medicine costs by considering alternate brands for the same generic salt and creating transparency for the consumer in an otherwise very opaque and hard to understand market. To know more about this startup, we request 1mg team for an exlusive interview regarding their recent success and future strategies. Here is what the...

Vintage Energy & Resources invested in Bengaluru-based Greenvision Technologies

22Apr By RishabhNo Comments

FUNDING

Vintage Energy & Resources invested in Bengaluru-based Greenvision Technologies

Singapore-based venture fund Vintage Energy & Resources has recently invested Rs 52 crore ($8 million) in Bengaluru's Greenvision Technologies, a company involved in the research, design and manufacture of lead-acid batteries. (more…)

20Apr By PriyankaNo Comments

FUNDING

Mobile Fashion App Fashalot Raises Funding From YourNest & Others

Location-based mobile fashion platform Fashalot has received Series-A strategic funding led by YourNest Angel Fund and marquee investor Rahul Garg for an undisclosed amount. The company said it will invest the fund in product development, top talent and accelerating its business growth. Operational in Delhi-NCR and Bengaluru, the brand aims to aggressively ramp up operations in new cities by the end of this year, it said in a statement. "We are on track to be the largest online-to-offline location-based fashion discovery network in India and the capital raised will contribute significantly for us to achieve this goal," Amit Koshal Founder and CEO of Fashalot said. The startup connects shoppers with offline stores through its horizontal network effect platform. It claims to have ...

18Apr By NitishNo Comments

FUNDING

CollegeDekho.com Has Raised USD 2 million in Pre-series A Funding

Technology start-up CollegeDekho.com today said it has raised USD 2 million in pre-series A funding from the London-based Man Capital. CollegeDekho.com deals in higher education and has a database of 22,000 colleges as it connects students to colleges. The funding will be used to build robust technology, ramp up the team, increase marketing activities and onboard more colleges, the company said in a statement. The investment comes four months after securing USD 1 million from GirnarSoft, the parent company of CarDekho.com. "We launched CollegeDekho.com with an aim to fundamentally change and improve the journey of college selection process for students," Ruchir Arora, founder and CEO, CollegeDekho.com, said. The company said its app has unique features like a step-by-step search to...

16Apr By NitishNo Comments

FUNDING

Karl Mehta Led EdCast Raised $16 million Funding in Series B

EdCast, the online and mobile platform for distributing educational content from a network of industry experts, has raised in its latest round of funding led by GE Asset Management. The funding will use to help educational institutions, educators, enterprises and governments worldwide to collaborate with each other. Other investors joining with GE Asset Management includes – SoftBank Capital, Cervin Ventures, Stanford StartX Fund and Penta Global. “We are laser focused on our mission to empower enterprises in the knowledge economy with curated, contextual SmartBites (bite size knowledge) used everyday to get smarter in their work. The Millennials in the workplace along with the complexity of engaging and educating customers and partners is creating the need and demand for our knowledge...

16Apr By AnkitaNo Comments

FUNDING

NestAway Raises $30-million Funding From Tiger Global

As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it generates from the property owners in exchange for offering maintenance and upkeep. There is no brokerage that either the tenant or the owner has to pay in this model. Tiger Global, IDG Ventures, Flipkart and Ratan Tata among NestAway investors lists. NestAway working across Bengaluru, Delhi NCR, Pune and Hyderabad with plans to expand into Mumbai and Chennai. Tiger Global Investment in 2016- In 2016, Tige Global also con...

Prime Venture Partners Invests $750,000 in KredX

13Apr By PriyankaNo Comments

FUNDING

Prime Venture Partners Invests $750,000 in KredX

Prime Venture Partners today said it has invested USD 750,000 (about Rs 4.95 crore) in KredX, an invoice-discounting platform that connects credit-worthy MSMEs looking to raise working capital against their unpaid invoices to individual financiers. Launched last year by IIT and Stanford alumni Manish Kumar, Anurag Jain and Puneet Agarwal, KredX (previously known as Mandii), enables the growth of micro, small and medium enterprises (MSMEs) by unlocking cash tied up in customer invoices that would otherwise be paid in 30 to 90 days. "There are 36 million SMEs in India. Many of these often struggle to keep their cash flow intact and can hardly withstand the burden of late payments. They are in dire need for working capital. With our technology platform, we are helping them get access to w...

12Apr By AnkitaNo Comments

FUNDING

Video Platform 90 Seconds Raises $7.5 mn Funding From Sequoia

Cloud video production platform 90 Seconds today announced it has raised USD 7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for USD 860 million) and the founder of the platform Oleg Tscheltzoff, will accelerate 90 Seconds global expansion as the market leader in cloud video production, Sequoia said in a statement here. 90 Seconds reduces the complexity of video production, giving brands and agencies access to a marketplace of creatives, and an automated, end-to-end suite of workflow tools. "We are excited to work with new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape," Founder and CEO of 90 Seconds...