- Zodius Capital Increases Its Stake In Zivame To 45% In yet another backend reshuffle for online lingerie startup Zivame, one of the investors in the startup, Zodius Technology Fund, has bought the shares of early venture capital backers in the company — Kalaari Capital and IDG Ventures India. According to reports, with this buyout, Zodius now controls almost 45% in Zivame. A source familiar with the deal […]
- Milkbasket Receives $3 Mn In Pre-Series A Funding Led By Unilever Ventures Gurugram-based online grocery startup, Milkbasket, has received $3 Mn funding in a Pre-Series A round led by Unilever Ventures. Earlier in August 2017, Milkbasket raised an undisclosed amount in another Pre-Series A funding round from Blume Ventures. The investment went into expanding the company’s operations in Gurugram. A portion of the funding was to be […]
- Newgen Software Raises $20 Mn From Anchor Investors Ahead Of Its IPO New Delhi-based IT company Newgen Software has reportedly raised around $20 Mn (INR 127.39 Cr) by selling shares to its institutional investors as part of anchor book allocation. The company is all set to open its $71 Mn (INR 450 Cr) IPO today for a three day period ending on January 18, 2018. Anchor share […]
- IDG Ventures Leads $1 Mn Seed Funding In Video Content Startup YourQuote Delhi-based content and digital community platform YourQuote, has secured $1 Mn (INR 6.9 Cr) in Seed funding. The funding round was led by IDG Ventures India, and also saw the participation of Atul Goel of the Essel City Group and Axilor. YourQuote was part of the Summer ‘17 batch of Axilor’s 100-day accelerator programme. With […]
- Unilever Ventures Leads Series B Funding In SaaS Startup Peel-Works Mumbai-based Unilever Ventures, the PE vertical of Unilever has led a Series B funding round in consumer-focussed SaaS and big data analytics startup, Peel-Works. This marks Unilever Ventures’ first investment in India. The round also saw the participation of existing investors Inventus Capital Partners and IDG Ventures India. With this, Unilever Ventures will get a […]
- SoftBank Offers Buyout Of Flipkart Shares At $10 Bn Valuation Indian ecommerce major Flipkart can soon part with more of its stake in hands of Japanese conglomerate Softbank. The Masayoshi Son led company has proposed the existing early-stage investors of Flipkart and its employees to sell their shares for $85-$89 a piece. The transaction will put Flipkart’s valuation at $10 Bn, which is a bit low, […]
- Unilever Ventures Infuses $10 Mn In IDG Ventures India Fund Mumbai-based Unilever Ventures, the PE vertical of Unilever and Amazon Internet Services Pvt. Ltd. (AISPL), has invested $10 Mn (INR 65 Cr) into IDG Venture India Fund. The raised funds will be used by IDG Ventures India Fund to invest in consumer-technology, innovation, and digital startups. “The company helps early and growth-stage startups receive equity […]
- FinTech Startup Active Intelligence Raises $8.25 Mn From Vertex Ventures Active Intelligence, a Singapore-headquartered fintech platform with an innovation lab in Bengaluru has successfully raised $8.25 Mn in its Series A funding, led by Vertex Ventures, Creditease Holdings and Dream Incubator. Existing investors Kalaari Capital and IDG Ventures also participated in the round. The company had earlier raised $3 Mn funding in a Pre-Series A […]
- With Plans To Go Global, LBB Raises $1 Mn From Blume Ventures, IDG Ventures And IAN Little Black Book (LBB), an online platform for local recommendations and discoveries has raised close to $1 Mn (INR 6.5 Cr) from Blume Ventures, and existing investors – IDG Ventures and IAN. The total investment raised by LBB now stands at $2.5 Mn (INR 16.5 Cr). Founded in 2013, Delhi-based LBB, once a Tumblr blog, […]
- Fitness Startup CureFit Secures $25 Mn From Kalaari Capital, Others Bengaluru-based fitness startup CureFit has raised $25 Mn in Series B round of funding from existing investors Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT fund. The startup will use the newly raised funds to expand the company’s geographical footprint in the country and scale-up its business verticals. Vani Kola, Managing Director at Kalaari Capital […]
- Suchita Salwan On Transforming LBB From A Community To A Robust Recommendation Business And Becoming De Facto Choice For Millennials Tired of hearing complaints about Delhi being a boring city, Suchita Salwan, founder and CEO of Little Black Book (LBB) decided to take things in her hands. She combined her penchant for actively exploring new places in Delhi with the confidence that came with her stint at BBC to start a recommendation platform that has […]
- Lenskart Under Fire on Social Media For Sending Unsolicited SMSes To DND Registered Users Delhi-based eyewear platform Lenskart is receiving fire on social media for sending unsolicited SMSes to users offering discounts and promotions. Some of these users have pointed out that they are being bombarded with these SMSes despite being registered on the national ‘Do Not Call’ registry. As per an OfficeChai report, the promotional message offers to let users […]