By Elaine Huang
Ninja Van, which has operations in Singapore, Malaysia and Indonesia, will use the funds to expand its services into new markets like Thailand, Vietnam and the Philippines by end-2016.
CollegeDekho.com, run by Girnarsoft Education Services Pvt. Ltd., on Monday said it has raised $2 million in pre-series A funding from London-based Man Capital, the investment arm of the Mansour Group.
Start-up Tork Motorcycles that makes electric motorcycles has raised an undisclosed amount of angel funding led by Bhavish Agarwal and Ankit Bhati, co-founders of cab aggregator Ola (ANI Technologies Pvt. Ltd), and other angels, including Harpreet Grover, CoCubes co-founder and chief executive officer (CEO), the company said in a statement… Read more »
Smytten is looking to use this round of funding to enhance user experience, to develop the product and to expand the user and brand base.
The startup will use the money to hire people for sports clubs, to launch APIs that will be used by diet food and medical service providers and to develop live inventory management software for sports clubs.
In the last 10 years since venture capital returned to the country, the industry has grown only incrementally, both in terms of the number of active firms in the market and funds under management. The scale of the industry is at odds with the scope of the opportunity that India’s rapidly growing start-up market offers.
The firm will deploy between $30m-$35m mainly investing in financial service providers, like Ujjivan Financial Services and Equitas, and in handicrafts, renewable energy, agriculture, health and education.
The round was led by American investment firm Tiger Global, Yuri Milner—founding partner of DST Global—and IDG Ventures India. Flipkart Ltd’s former head of operations, Sujeet Kumar, also participated in the investment round. Tata group chairman emeritus Ratan Tata had participated in the previous round of funding.
Vietnam-based e-learning platform Kyna.vn has raised an undisclosed round of seed funding from CyberAgent Ventures, a Japanese investment firm.
Philippine tech startup CloudSwyft Global Systems raised $200,000 in seed fund from venture capital Future Now Ventures.