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Vernacular.ai secures $5.1 mn led by Exfinity Ventures

8May By AdityaNo Comments

FUNDING

Vernacular.ai secures $5.1 mn led by Exfinity Ventures

Vernacular.ai has raised USD 5.1 million (about Rs 38.7 crore) in funding, led by Exfinity Ventures and IAN Fund, Kalaari Capital. AngelList, LetsVenture, also participated in the series A round, a statement said. The fresh capital will be used to fund the company's global expansion into Southeast Asia and the US and towards R&D to further enhance its proprietary AI-based voice automation platform, it added. "As we evolve our voice AI platform and continue to expand our customer-base in new markets, we are happy to see the increased investor confidence in our model. This Series A round will be used to fund the company's expansion outside India and to drive innovation through rigorous R&D across multiple verticals of our business," Vernacular.ai co-founder and CEO Sourabh ...

Saurav Banerjee and Devneet Bajaj Joining as a Venture Partners in Kalaari Capital

27Jan By PriyankaNo Comments

News

Saurav Banerjee and Devneet Bajaj Joining as a Venture Partners in Kalaari Capital

India based business investment firm Kalaari Capital today announced that Saurav Banerjee and Devneet Bajaj have joined the firm as Venture Partners. Saurav, a Chartered Accountant, and Harvard Business School alumnus, was previously the Co-CEO of NDTV and brings with him two decades of experience in the media industry. Dev Bajaj, in his previous role, was the founder of M.I.T.R.A., one of India's largest Agri-tech startup's building smart machines for horticulture, which was strategically backed by Mahindra & Mahindra. He is a former private equity executive and an INSEAD alumni. In November last year, Sreedhar Prasad, a former KPMG executive, joined the firm as a venture partner. Vani Kola, Managing Director, Kalaari Capital, described the appointments as strategic additio...

Perpule Secured $4.7 million from Kalaari Capital and Others

15Nov By Gauri SinghNo Comments

FUNDING

Perpule Secured $4.7 million from Kalaari Capital and Others

An omni-channel retail tech startup known as Perpule has reportedly raised $4.7 million in a Series A funding round. The particular round was led by Prime Venture Partners, Kalaari Capital and Venture Highway. The company provides consumers with a self checkout option at retail outlets, intends to use the funds for expansion into more outlets across 10 cities in the next year. The app allows customers to discover items, scan barcodes, get offer and pricing information for the products and the option to checkout and pay. Perpule is already working with retailers like Big Bazaar, Vishal Mega Mart, SPAR, MORE, HyperCITY, as well as with Quick Service Restaurants (QSRs) such as KFC. Also, the startup recently launched a digital cafeteria solution for QSRs which include cafeterias and ...

20Oct By Gauri SinghNo Comments

FUNDING

SaaS Startup Hiver Raises $4 Million in Fresh Funding Round

Bengaluru and San Jose-based SaaS-focused startup Hiver has raised an amount of $4 million (Rs 30 crore) in a new round of funding. This particular funding round was led by venture capital firms Kalaari Capital and Kae Capital. Prior to this, the company raised $130,000 in seed funding from the Citrix Startup Accelerator and Paytm founder Vijay Shekhar Sharma in 2012. The company was earlier known as Grexlt. It later rebranded as Hiver last year. The funds from this round will be utilized by the company for product development, as well as expanding its global customer base. “With this investment, we will fuel our efforts to realise our vision of making Gmail a powerful collaboration platform that businesses can use for sales, support and their internal functions,” Niraj Ranjan Rout...

31Jul By Gauri SinghNo Comments

FUNDING

Healthtech Firm HealthPlix Raises $3 million in Series A Funding Round

HealthPlix, an online healthcare startup based in Bengaluru has secured funds amounting to $3 million in a Series A funding round. This round was led by IDG Ventures and Kalaari Capital. Post the round, the company will utilize the funds in strengthening its technology and grow its medical specialties. The company aims to bring a transformation in the way diseases are treated in the Indian outpatient care. The startup was founded in 2014 by Raghuraj Sunder Raju, Sandeep Gudibanda and Prasad Basavaraj, which at present, claims to provide services across 20 states and 130 cities in India. It caters in specialties including Diabetology, Cardiology, Nephrology, Endocrinology, Oncology and Internal Medicine. Most of the queries received by the company are from Maharashtra which is furt...

Digital Insurance Platform Raises $1.5 million From Kalaari Capital & Others

29May By NitishNo Comments

FUNDING

Digital Insurance Platform Raises $1.5 million From Kalaari Capital & Others

Gurugram based Digital insurance platform Toffee has raised $1.5 million (around Rs 10 crore) seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab. Founded by Nishant Jain and Rohan Kumar, the digital-only platform launched its beta version in December 2017. Toffee’s tech platform can analyse, predict and customise insurance products for millennials across health, lifestyle and personal accidents. It claims that buying insurance takes less than 90 seconds and that it processes simple claims in under two hours using a completely digital interface. Rohan Kumar, CEO & Co-Founder, Toffee Insurance said, “We are really excited about the support we have received from Kalaari Capital, Omidyar Network and Accion Venture Lab. Th...

22May By Sheldan RungasamyNo Comments

FUNDING

Gurugram-based Milk Delivery Startup Raises $7 Mn Series A Funding

Milkbasket, the grocery and milk delivery startup, recently raised $7 million in a series-A funding round led by Kalaari Capital. This funding round also saw the participation of existing investors Unilever Ventures and Blume Ventures and the arrival of new investor Beenext Ventures. The milk and grocery delivery space has seen several investments in recent times with startups such as Daily Ninja and Doodhwala raising funds. Earlier this year, Milkbasket raised $3 million from investment arm of consumer packaged goods company, Unilever. This latest influx of capital means that the milk and delivery startup has so far raised about $11 million. CEO Anant Goel announced that the funds raised will strengthen the startup’s technology, reach and abilities. Milkbasket currently serves ab...

14Apr By Sheldan RungasamyNo Comments

FUNDING

FinTech Startup AffordPlan Raises Funding from Lok Capital

AffordPlan, the healthcare financial planning platform recently raised a funding round of Rs 55.8 crore in a Series B funding round from Lok Capital and Omidyar Network. This funding round also saw the participation of existing investors Prime Venture Partners and Kalaari Capital. The company which is owned and operated by Usekiwi Infolabs Private Limited first allotted 20 equity share of Rs 10 a piece at a premium of Rs 52,741.18 a piece as well as 10,584 Series B preference share worth Rs 20 a piece at a premium of Rs 52,731.18 per share. Affordplan is a platform that helps its users plan and prepare medical expense for non-life threatening injuries and interventions. Affordplan is a company based in Delhi and was founded in 2015 by MIT/IIM alumni Tejbir Singh and Hemal Bhatt who a...

23Mar By Sheldan RungasamyNo Comments

FUNDING

Bluestone Raises Rs 10 Crore Funding

Bluestone, the online jewelry commerce, received a funding of Rs8.2 crore from OBOR Capital and Rs3 crore from Kalaari Capital, according to the latest MCA filings. The company appears to have raise an additional funds of $6 million from existing investors as well. The filings also report that the company earned about Rs1 crore from Gaurav Deepak of Avendus Capital and Rs1.6 crore from IIFL. BlueStone was established in 2011 and quickly ascended to become India’s lending destination for high quality fine jewelry. The company aims at wishes to revolutionize the jewelry market of India with primordial focus on craftsmanship, quality and customer service. The company boasts a portfolio of 5000 unique designs which were crafted with care to provide flexibility, purity and clarity. Sin...

Kalaari Capital Planning Snapdeal Exit and Selling Stakes

15Mar By Sheldan RungasamyNo Comments

News

Kalaari Capital Planning Snapdeal Exit and Selling Stakes

Kalaari Capital, the venture capital and investor in Snapdeal, held talk with the company’s promoters about selling part or the totality of its stake in the e-commerce on the online market. According to anonymous sources, the discussions are still at an early stage and there are yet no guarantee that the request will be granted. However, the sources did mention that the venture capital firm is well capable of selling its stakes in Snapdeal for Rs 40- Rs 50 crore. The sum is a very small fraction of the total sum the company invested in the company, about Rs 135 crore. It is also being reported that Kalaari Capital are holding talks with other investors to buy out their stake in the company. This desperate move signals that all is not well for the e-commerce business. Snapdeal alre...

2Mar By Sheldan RungasamyNo Comments

FUNDING

Urban Ladder Receives $12 Million Funding Boost

Online Furniture retailing startup urban ladder raised $12 million from Kalaari Capital, SAIF Partners, Sequoia Capital and Steadview Capital. Two anonymous individuals close to the company shared the information about the company funding. They Urban Ladder will keep trying to lure investors in the company so as to raise more capital for another six months. “So far external investor appetite hasn’t been great and they haven’t been getting the valuation they’ve been asking for, which is why they had to do an internal bridge round,” one of the anonymous said. In January of last year, Urban Ladder raised $15 million funding from the same set of investors. They stated that this money would be use to build an omni-channel strategy. They would open branded stores in main market and it w...

ScoopWhoop In Trouble- How India’s Viral Content Company Lost Its Track

20Jan By RishabhNo Comments

Story

ScoopWhoop In Trouble- How India’s Viral Content Company Lost Its Track

Disclaimer: The facts and incidents mentioned in the story have been already published by other media companies. We are just distributing the content supplied by third parties or subscribers. . Neither the Company nor any third-party provider of information guarantees the accuracy, completeness, or usefulness of any content, nor its merchantability or fitness for any particular purpose. We don't intend to provide any opinion on the matter. The Launch It was just another evening in a Mayur Vihar's small apartment of Rishi Pratim Mukherjee. He was hanging out with two co-workers, Sriparna Tikekar and Sattvik Mishra from WebChutney, an Indian webdesign and online marketing company. A little drunk and a discussion over "listicles" the term coined because of the popular US-based internet co...