WedMeGood raises $0.4m from Indian Angel Network

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Anameha Infomedia Pvt. Ltd, which owns and operates wedding planning portal WedMeGood, has raised $0.4 million (Rs.2.7 crore) from early-stage investor Indian Angel Network, the latter said in a statement on Wednesday. The round was led by angel investors Hemant Kanakia and Alok Mittal on behalf of Indian Angel Network…. Read more »

India Dealbook: Unilog secures funds from Kalaari Capital, Prozo closes its seed round

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India’s e-commerce space is fast-growing and abuzz with fund raising activities. B2B e-commerce platform Unilog has secured funding from Kalaari Capital, while Prozo, an aggregator and marketplace for all types of exam preparation, has closed its seed round. B2B e-commerce firm Unilog secures funds from Kalaari Capital Unilog, a technology firm specialising… Read more »


Singapore: Challenge Ventures launches with $714k capital

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Singapore-based technology retailer Challenger Technologies has launched Challenge Ventures Pte Limited (CVPL) with an initial paid-up capital of S$1 million (US$714,000). The funds of the venture arm will be invested in digital platforms complementary to Challenger Technologies’ core businesses. An official release stated: “Incorporated with an initial paid-up capital of $1 million,… Read more »


India: Narayan Murthy-led Catamaran Ventures invests in online insurance platform Coverfox

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Narayan Murthy-led Catamaran Ventures has invested an undisclosed amount in Mumbai-based online insurance distribution platform Coverfox, as the latter plans to further strengthen and grow its online insurance comparison and sales business, Coverfox said in a statement. With this move, Coverfox also intends to take on bigger rival PolicyBazaar which… Read more »


India: Tea stores chain Chai Point raises $10 million

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Mountain Trail Foods, owner of the Chai Point network of tea stores, has raised nearly $10 million (Rs 66 crore), a funding round led by Eight Roads Ventures, DSG Partners and existing partner Saama Capital, according to documents filed by the company with the Registrar of Companies. Eight Roads Ventures… Read more »


Unitus Seed Fund expands StartHealth investing initiative

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Unitus Seed Fund, a $23 million impact fund, part of the US-based Unitus Group, on Tuesday said it is expanding its StartHealth investing initiative, targeting investments of Rs.15 crore in six new early-stage health technology start-ups in India. Unitus did not name the start-ups it has zeroed in on. “We… Read more »


India: Analytics platform MoEngage raises $4.25 million from Helion Venture, others

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Analytics and engagement platform MoEngage Inc. has raised $4.25 million in Series A funding led by Helion Venture Partners and additional funding from Exfinity Ventures and other investors, including Snapdeal’s co-founders Kunal Behl and Rohit Bansal and cab aggregator TaxiForSure founder Raghunandan. The Bengaluru-based company said on Monday that the… Read more »


Mobile tech firm InVenture raises $10m from Data Collective, others

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Mobile tech and data science firm InVenture Capital Corp which also provides micro-loans straight to a user’s mobile wallet, has raised $10 million in a series A round of funding from a bunch of investors led by venture capital firm Data Collective, as per a statement. The funds will be used by… Read more »


Exclusive: Frontier Digital Ventures invests in Congo’s Carwangu.com

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Frontier Digital Ventures (FDV), the venture investment unit under Malaysia’s Catcha Group that focuses on frontier markets, has yet another African investment to park under its stable – Carwangu.com, an automotive portal based in DR Congo. While FDV has not been disclosing its investment amounts, an executive familiar with the firm told… Read more »


India Dealbook: Tech startup CanvasFlip gets $1.2m in series A funding, UE LifeSciences raises $3m from Aarin, Unitus

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At a time when big businesses are shying away from expanding operations owing to a tight economy, small businesses and startups are acting as morale boosters for all. Tech startup CanvasFlip has raised $1.2 million from Bessemer Venture Partners to boost expansion, while UE LifeSciences has raised $3 million in a… Read more »