India: Loancircle receives funding from Toppr’s co-founder, Trifecta Capital’s Khanna, others

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Consumer lending platform LoanCircle has raised an undisclosed amount in angel funding from Toppr.com co-founder Zishaan Hayath, Trifecta Capital managing director Rahul Khanna, and a bunch of other investors. The funds will be used by Bengaluru-based Loancircle, operated by Bangalore-based Moneyvation Technologies Pvt Ltd, to expand the technology, data and… Read more »

India: PepperTap secures $36m in fresh funding from Snapdeal, Sequoia, and others

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PepperTap, an on-demand hyperlocal grocery delivery service, has raised $36 million (about Rs 239 crore) in a fresh round of funding, led by e-tailer Snapdeal and existing investors Sequoia India and SAIF Partners. The funding also saw participation from new investors including Russian investor Ru-net, Japan’s private equity company JAFCO and… Read more »


Infosys partners American VC Vertex Ventures to boost access to startups

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Infosys Ltd has partnered with Palo Alto-based venture capital firm Vertex Ventures US Fund I Lp to boost its access to start-ups focused on disruptive technologies. The move by Infosys Innovation Fund, which has an outlay of $500 million, puts India’s second-largest software services exporter in the league of technology… Read more »


India: Hugefly secures angel funding from Temasek exec, others

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Hugefly, a startup that provides online search service to e-commerce firms, has raised an undisclosed amount in angel funding from Mayank Singhal, director at Temasek Holdings, and other investors. The money will be used in hiring new talent including developers and testers, ramping up the existing sales team, and for… Read more »


Exclusive: Mindvalley’s fundraising: aiming for acceleration and IPO in four years

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Online publishing and digital education company Mindvalley is looking to raise an unspecified round of funding for growth, as the Malaysia-based company targets an initial public offering (IPO) within the next four years. Mindvalley founder and chief executive Vishen Lakhiani’s vision is for Mindvalley to become the largest technology company… Read more »


India: Hyperlocal delivery start-up Roadrunnr expands to 11 cities

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Flush with funds, having raised $11 million in a Series A funding round from Sequoia Capital, Nexus Venture Partners and Blume Ventures, hyperlocal business-to-business delivery start-up Roadrunnr, run by Carthero Technologies Pvt. Ltd, has expanded its services from Bengaluru and Delhi to 11 cities, the company said in a statement… Read more »


India: On-demand delivery startup Quickli gets funding from 500 Startups, others

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Hyperlocal delivery startup Quickli has raised an undisclosed amount of funding from Silicon Valley-based seed fund and startup accelerator 500 Startups, as per a report in The Economic Times. Former Rocket Internet partner Mato Peric and some high net worth individuals too participated in the funding round, the report said. The… Read more »


Family offices investing through VC funds for bigger play in India’s startup party

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Ratan Tata, chairman emeritus of Tata Sons Ltd, is currently the most visible champion of India’s ongoing start-up wave from the country’s traditional business quarter. In about 12 months, he’s built a portfolio of a dozen-odd start-ups, big and small, investing in them in his personal capacity. Less visible, but… Read more »


India: Kunal Nayyar of The Big Bang Theory and Real Ventures invest $1.5m in Shoto

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Kunal Nayyar, the Indian-origin actor of popular TV series “The Big Bang Theory” and seed-stage investor Real Ventures have invested $1.5 million in photo sharing app Shoto. The funding details were disclosed at the launch of Shoto by its Indian-origin founder and entrepreneur Sachin Dev Duggal in San Francisco on… Read more »


India: InnerChef raises $1.6m from founders of Paytm, redBus, others

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InnerChef, the ready-to-cook meals delivery startup, has raised $1.6 million (Rs 11 crore) in pre-series A round from a clutch of high-profile angel entrepreneurs, valuing the company at $10 million. Entrepreneurs including Vijay Shekhar Sharma of Paytm, Phanindra Sama of redBus, and Anupam Mittal of Shaadi.com, along with two other… Read more »