Exclusive: Indian furniture rental platform Permarent in advance talks to raise seed funding

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Gurgaon-based Exclusive Lifestyle Private Ltd, the company behind the brand Permarent which provides furniture and home appliances on rent, is in advance talks to raise seed funding, Apurv Mathur, co-founder of the company told DEALSTREETASIA. Permarent, which was founded in October 2015 by Abhishek Jaiswal, Lakshya Khurana and Apurv Mathur, provides furniture… Read more »

India: Energy analytics firm Zenatix raises pre-Series A funding from Blume Ventures

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Gurgaon-based Zenatix Solutions, an Internet of things (IoT)-based energy data analytics company, has raised an undisclosed amount from VC firm Blume Ventures Advisors Pvt Ltd, the company said. Zenatix will use the money primarily for product enhancement, hiring people and to expand its operations in Bangalore and Mumbai. “Energy efficiency… Read more »


Exclusive: India’s BookMySports in talks to raise $5m venture funding for expansion

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BookMySports allows users to book sports facilities or create their own sports tournaments in a facility of their choice. Currently the site is present in Delhi — where users can choose from over 350 facilities — and Bangalore.


China’s APUS launches $45m fund to invest in Indian mobile internet startups

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China’s mobile internet company APUS Group has launched a APUS Fund in India with an initial corpus of Rs 300 crore ($45 million) to invest in startups focussed on mobile internet innovation projects, according to a press release. The fund will be led by APUS Group with participation from Northern Light Venture Capital, Redpoint… Read more »


India: NDTV’s online wedding venture Special Occasion raises $20m from CerraCap

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Media conglomerate NDTV’s new venture Special Occasion Ltd, an online wedding and festival planning platform, has raised $20 million in a funding round led by US-based venture capital firm CerraCap Ventures, according to a stock market disclosure. The funds will be used to kick-start the new venture, which also marks foray… Read more »


Tiger Global puts money in Uber, arch rival of India portfolio firm Ola

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Tiger Global, which is the largest investor in online retailer Flipkart, increased its stake in Flipkart’s rival Amazon.com Inc.


India: Bus aggregator Shuttl raises $25m from Lightspeed, Sequoia, and Times Internet

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Gurgaon-based bus aggregation platform Shuttl has raised $25 million (or Rs 160 crore) in a fresh round of funding led by venture fund Lightspeed Venture Partners, Sequoia Capital, and Times Internet, according to a report in The Times of India. Earlier this year, Shuttl had raised $3 million from existing investor… Read more »


Vietnam: Food ordering app Lozi gets 7-digit funding from Golden Gate Ventures, DesignOne Japan

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The development comes after Foodpanda announced the termination of its operations in the country.


Non-unicorn portfolio firms scout for new investors as Tiger Global takes back seat

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VC Tiger Global is reducing the number of start-up deals in India and is pushing for consolidation.


India: Patni scion invests $15m in Currae Hospitals; venture to raise $75m more

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Apoorva Patni, son of Patni Computers co-founder Ashok Patni, has invested nearly $15 million (Rs 100 crore) in Patni Healthcare-promoted Currae hospitals, as per a report in The Economic Times. Besides, the hospitals’ chain would see an an infusion of additional about $75 million (Rs 500 crore) in the near… Read more »