IDG Ventures

The ticket size of this fund would be between $500K to $1Mn

The seed-stage funding in India has been gaining momentum

Between 2014 and H12019, seed stage startups accounted for 53.12% deals

BlackBuck raised $27.3 Mn (INR 202 Cr) and marked entry of Sequoia Capital in its investor camp

Mettl announced its acquisition by Mercer, marking Mercer’s entry into the rapidly-growing global talent assessment market

In total, this week seven startups raised around $46.8 Mn in funding and two startup acquisitions took place in the Indian startup ecosystem altogether.

Chiratae Ventures plans to raise $300 Mn under the new brand

The VC firm claims to have over $470 m assets under advisory and a presence in three locations

The capital firm has so far backed 76 companies across multiple funds including Flipkart, Myntra, FirstCry, XpressBees, Newgen, Lenskart, Manthan etc

HealthPlix aims to transform the way diseases are treated in outpatient care in India

The company will use the raised funds to strengthen its technology and expand its medical specialities

Till date, 1.2 Mn patients have been treated by the doctors using the platform

IDG Ventures, Accel Partners, and Kalaari Capital led the Series C funding round in Cure.Fit

Cure.Fit will use the funding to strengthen its technology platform

This brings the total funding raised by the company to $170 Mn

According To Inc42 DataLabs, Blume Ventures Was The Most Active VC Fund In The Indian Tech Startup In H1 2018

• Mobycy is in talks with Venture Catalysts, IDG Ventures, and Orios Venture Partners
• It plans to use funds to foray into e-bikes and e-scooters
• The startup competes against players like Ola Pedal etc

SigTuple Plans To Use The Funding To Expand The Assembly And Distribution Of Its AI-Based Product — AI100

Zodius Technology Fund Has Bought The Stakes Of IDG Ventures And Kalaari Capital In Zivame

Milkbasket Will Use The Investment To Strengthen Its Technology And Expansion Initiatives.

Newgen Sold Shares At $3.85 To 9 Institutional Investors Including Goldman Sachs India Ltd, SBI Mutual Fund And More

The Fresh Funds Will Be Used To Drive Growth And Scale The Startup’s Offline Community