Funding Galore: A Look At Startups That Raised Funding This Week

This week various startups across India secured funding from several VC firms. Ivy Cap Ventures also raised over INR 244.5 Cr to invest in startups founded by IIT and IIM alumnus. One of the biggest news of the week being Yahoo acquiring BookPad.

Let’s have a look at fundings and acquisitions that took place this week:

Commonfloor: CommonFloor.com, real estate portal, secured $30 Mn in fresh round of funding led by its existing investor Tiger Global. This funding was raised just few months after it had received INR 64 Cr from Tiger Global and Accel India.

Red Monster Games: Mobile social gaming startup Red Monster raised funding from Matrix Partners India. It will allocate the fund to build mobile social games for the India market across the Casino, Arcade, Casual and Invest Express categories.

Newshunt: Bangalore-based Ver Se Innovation Pvt Ltd, which owns NewsHunt has raised more than INR 100 Cr. NewsHunt, a mobile news aggregation platform, is now worth more than INR 900 Cr. Matrix Partners India and Omidyar Network also participated in this round of funding.

WooMe.mobi: It raised funding from 5ideas and 2 undisclosed investors. WooMe is a mobile app for enabling interactivity on TV channels, music, movies, movie trailers, radio, multiplexes and advertising.

Apart from the funding, the following acquisitions also took place this week.

Concept Feedback: Wingify, a performance testing startup, acquired US-based Concept Feedback, a community platform of user experience (UX) experts for online.

Bookpad: Bangalore based Bookpad was acquired by Yahoo for over $15 Mn. The financial terms are still undisclosed. Bookpad’s team including its founders Aditya Bandi, Niketh Sabbineni, and Ashwik Battu will be moving to Silicon Valley as a part of the deal.

iConnectiva: Connectiva Analytics and Insights Ltd (iConnectiva) got acquired by Altruist Technologies Pvt Ltd, a Chandigarh-based mobile VAS provider. iConnectiva, a Kolkata and Hong Kong-based startup provides telecom revenue assurance, fraud management and Big Data analytics solutions, in an all-cash deal. Post acquisition, it will continue operations independently from Kolkata.

Gastronauci: Poland-based restaurant search service Gastronauci got acquired by Zomato Media Pvt Ltd. The transaction is expected to be completed by the beginning of next month. Zomato and Gastronauci plans to work on building an integrated product in the coming months after the acquisition.

Apart from these, Chennai-headquartered goGrab.in, an online restaurant aggregator has merged with Any Commerce Chennai Pvt Ltd. As a part of the deal, goGrab.in will now operate under AnyCommerce as an independent entity.