Early-stage domestic VCs mushrooming as India’s rich eyes startup play

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Domestic early-stage venture capital (VC) funds are proliferating in an effort to tap increasing demand from rich individuals and investment offices of business families (family offices) looking to invest in start-ups. VC firms such as Unicorn India Ventures, Endiya Partners, Altius Ventures, Parampara Capital and Venture Catalysts are tapping the… Read more »

Exclusive: Indian VC firm Endiya Partners to close $30m fund by March; to back 20 startups

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Venture Capital firm Endiya Partners, an early-stage investment firm, is in talks with more investors to close its Rs 200 crore ($29.9 million) new fund, Sateesh Andra, co-founder of the firm, told DEALSTREETASIA. The fund is expected to close by March 2016. “We have already received commitment from one financial… Read more »


India: Food delivery startup Faasos raises $30m from Ru-Net & return backers Sequoia, LightBox

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Faasos Food Services, the Pune-based food delivery startup, has raised $30 million in a funding round led by Russian internet-focused investment firm Ru-Net. Existing investors Sequoia Capital and Lightbox Ventures also participated in the round. “That’s right, the deal has happened, and we participated,” said Prashant Mehta, partner with Lightbox… Read more »


India: Homes services provider OK Sir in talks to raise $20m Series A round

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Mumbai-based OK Sir E-commerce Pvt Ltd, which provides home services through its portal oksir.com, is in talks with institutional investors to raise around $20 million in Series A funding, according to a PTI report citing company’s founder Arun Kapoor. OK Sir already provides its services in Mumbai, Delhi and Pune and… Read more »


Tech executives launch $100m venture fund targeting software startups

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A group of technology executives have launched a $100 million venture fund targeting a range of business software startups across North America. Leaders Fund, based in Toronto and Atlanta, is in discussions with several potential portfolio companies and plans to announce a few investments in the coming weeks, said David… Read more »


Exclusive: Yet-to-launch talent platform Cast Today in initial talks to raise up to $5m

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Mumbai-based Cast Today, a platform which connects talent and the casting community in the media and entertainment sector, is in initial talks to raise up to $5 million, Saurabh Kabra, co-founder of the startup, told DEALSTREETASIA. The deal is expected to close by March 2016. Formed in 2015 by Kabra, Aditya… Read more »


India: iBus Networks raises $2.3m from US-based investor Vallabh Bhansali, others

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iBus Networks and Infrastructure Pvt. Ltd, a provider of connectivity solutions inside buildings, has raised Rs.15 crore in a round of funding led by Vallabh Bhansali of Enam, N Squared Management LLC USA and the family office of Jagadish and Sandeep Mehta. The investment will help the company drive deployment… Read more »


Sport-oriented Courtside Ventures launches with $35m fund

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Bruin Sports Capital, the media, sports, marketing and branded lifestyle venture launched in 2015 by George Pyne has established a strategic partnership with WPP in relation to its new venture capital (VC) unit Courtside Ventures, a $35 million fund investing across early stage technology and media companies with a focus… Read more »


India Dealbook: TracxnLabs, 500 Startups invest in Wishup; Happy2Refer gets $250K in seed

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Concierge services start-up Wishup has raised an undisclosed amount in seed funding from TracxnLabs, 500 Startups, and Mato Peric, while Happy2Refer has raised $250,000 in a seed round of funding from Equity Crest, Vinners and Sparknext along with a host of individual investors. TracxnLabs, 500 Startups invest in Wishup Concierge… Read more »


PH startup FlySpaces raises $500k from Coent Venture, others, launches in Singapore

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Philippine-based startup and real estate business disruptor FlySpaces raised $500,000 in fresh capital during the formal announcement of its online market place for office and retail space in Singapore.