Deal Alert: US-based TechStars selects MartMobi as first Indian startup to join its program
Hyderabad based year old start-up MartMobi has been selected to US-based TechStars accelerator programme. MartMobi will leverage this opportunity to expand its footprint globally with strong focus on US expansion.…
Deal Alert: Design co Chumbak raises second round led by Matrix Partners
Bangalore-based Chumbak Designs has received a second round of funding from venture capital firm Matrix Partners and existing investor Seedfund. The funding will be used by Chumbak to ramp up…
The contrasting models of Teleshopping vs E-Commerce players and how PE investors are taking notice
From an interesting article in today’s Economic Times on how TV shopping in India is growing simultaneously with e-commerce and the contrasting approach adopted by the two types of vendors.…
Deal Alert: Ventureast participates in US-based Pinnacle Engines’ Series C round
Pinnacle Engines, a San Carlos, California based developer of ultra efficient engine designs, has raised a Series C funding round from Mitsui Global Investment, Ventureast and an unnamed strategic OEM…
Deal Alert: Helion to invest Rs.25-Cr in enterprise mobility co RapidValue
Helion Venture Partners is investing about INR 25 crore in enterprise mobility company RapidValue, which helps companies migrate their business operations to laptops, tablets and smartphones. The company, which has…
Deal Alert: Auto rickshaw ordering service mGaadi raises seed funding from Unitus Capital
India Drivers Network Services, which owns and operates mGaadi, a mobile commerce ordering service for auto rickshaws, has raised seed funding from impact investment firm Unitus Seed Fund. Proceeds from…
Deal Alert: Manav Garg, Sharad Sharma, others invest Rs. 4-Cr in online fund raising platform LetsVenture
Bangalore-based online fund-raising platform, LetsVenture has raised Rs. 4 crore money from a syndicate of angel investors as it seeks to broaden the scope of its deal-making services. The funders…
Deal Alert: Intellecap launches Startup Wave for Pre-incubation support
Intellecap has announced the launch of StartupWave, new virtual incubation platform built with support from GIZ and DFID. Startup Wave has been designed in partnership with over 100 startups, incubators,…
Deal Alert: Backpacker hostel chain Zostel raises Rs 5-Cr
Zostel, a chain of backpacker hostels for young travellers, has raised Rs 5 crore in a first round of funding from Malaysia-based angel investor Presha Paragash. Founded in August last…
Deal Alert: UK-based NRIM picks up 10% stake in pharma firm Kinedex for Rs.1.3 Cr
UK-based pharma firm NRIM has picked up 14,195 equity shares (a 10% stake) for INR 13 Cr (at INR 915 per share) in Mumbai-based Kinedex Healthcare Pvt. Ltd., regulatory filings…