Adda247, an online learning platform, has raised Series B funding of $6 million led by Infoedge (India) Ltd and Asha Impact. STL, a current investor of Adda247, also participated in the latest round. The startup was founded by Anil Nagar in 2012. With this round, Adda247 has raised a total of $10 million of funds…
Urban Ladder, an omnichannel furniture and decor retailer, has raised about INR 15 Cr. in funding led by existing investors SAIF Partners, Sequoia Capital and Steadview Capital. Some of the existing investors such as Kalaari Capital and ABG Capital, did not participate in the current round. The company has been struggling to turn profitable, and…
YourOwnROOM, a residential proptech rental and property management business, has raised $1.3 million in seed funding from a group of investors – US-based investment firm Lotus Capital; Ravi Chaturvedi, former President of P&G; Narasimha Murthy, Co-founder of a US-based healthtech company; and a group of angel Investors based out of the US and Bengaluru. It…
PiggyRide, a transport service for kids, has raised Rs 7.5 crore led by JAFCO Investment Asia Pacific, along with a clutch of angel investors, including InMobi’s Naveen Tewari; Livspace Co-founders Ramakant Sharma and Anuj Srivastava; Goldman Sachs’ MD, Niladri Mukhopadhyay; Zipdial’s Amiya Pathak; and EzCred’s Sachin Maheshwari. It was founded by Manish Tewari along with…
Kuku, a music and podcasts streaming app, has raised an undisclosed amount in funding from 3one4 Capital, Shunwei Capital (a Chinese investment firm), and India Quotient. It was founded by Lal Chand Bisu, Vinod Kumar Meena, and Vikas Goyal in 2018. Kuku FM is known for its various categories like education, entertainment, news, mythology, spirituality,…
SafeHouse Technologies Ltd, a startup focussed on mobile-first cybersecurity, has raised $2.2 million in seed funding round led by Barclays UK Ventures, the venture capital business unit of British multinational financial services group Barclays. Other investors that participated in the funding round is Purnendu Chatterjee, the founder and chairman of The Chatterjee Group. It was…
Hoopy, a vehicle maintenance startup, has raised an undisclosed amount of funding from Lead Angels and Venture Farmer. It was founded by IIT Kharagpur alumni Abhinav Shrivastava and Vedic Choubey, and BIIB Pune alumnus Shashank Dubey in 2016. Venture Farmer typically makes Pre-Series A to Series B investments ranging between $100k-$700k. Hoopy is a technology…
BeYouPlus, a Delhi-based healthcare platform, has raised $3.2 million in its Series A funding round, led by IvyCap Ventures. It was founded by Ankit Khurana in 2014 (previously known as MyDermacy). Other investors in this funding round are – Madison Capital and Singapore Angel Network. Earlier it had raised an undisclosed amount of seed capital…
Lokal, a local news and classifieds platform hosting content in regional languages, has raised $3 million from 3one4 Capital, Y Combinator, RB Investments, SOMA Capital, and its existing investor India Quotient. The company was founded in 2018 by IIT Alumni, Jani Pasha and Vipul Chaudhary. Other participants of this funding round are Twitch Co-founder Kevin…
ENpower, a platform hosting entrepreneurship training programmes for school children, has raised Rs 2.65 crore ($377,500) in a seed round of funding led by Nikhil Vora, Founder and CEO of Sixth Sense Ventures. The platform which calls itself – “The B School for Teens”, was founded by Sushil Mungekar in 2016 and is operated by…
Child Health Imprints is a Singapore based start-up company established in 2018. The company has raised $2.4 million in a pre-Series A funding round. The funding round was led by HealthXCapital, including investors such as Enterprise SG and other high net-worth individuals. The company said in a statement that it will use the funds to…
Yes Bank, has received an offer from a global investor for an investment of US$ 1.2 Billion in the Bank. This has been communicated by the bank in a statement to the exchanges. In their statement on their capital raising plans, earlier in September 2019, the bank had mentioned that the Bank had received strong…
Info Edge India Ltd,. the company behind Naukri.com, has acquired a 7.06% stake in Adda247. Adda247.com, established in 2010, has been supporting students with the test preparations for SSC, Bank PO, CGL exams etc. Adda247 is one of the largest and fastest growing ed-tech companies and offers its services through multiple platforms such mobile app,…
Amazon, the global e commerce giant, has made fresh investments of about ₹4500 Cr., into its Indian subsidiaries. These investments are directed at Amazon Seller Services, Amazon Pay and Amazon Retail. Amazon Seller Services, Amazon Pay (India) and Amazon Retail India has received ₹3,400 crore, ₹900 crore, ₹172.50 crore respectively from Amazon. Amazon competes with…
Jungle Ventures, one of Southeast Asia’s largest early stage venture capital firms, has announced that it closed its third fund, Jungle Ventures III. The firm raised a total of $240 million, which includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia. In 2013…