Lenskart raises Rs 135 crore in funding led by TPG Growth

Lenskart raises Rs 135 crore in funding led by TPG Growth

Lenskart, online shopping portal for prescription eye-wear has raised Rs 135 crore in series C round of funding led by TPG Growth. Hong Kong-based TR Capital and existing investor, IDG Ventures also participated in this round of funding."In TPG, we found strategic partners and advisors with proven capability to build a large consumer-centric enterprise. With this new i … [Read more...]

Hike Messenger buys US-based Zip Phone

Hike Messenger buys US-based Zip Phone

Chat Application, Hike Messenger has acquired US-based voice calling app Zip Phone, marking its first acquisition. However, the financial detail of the deal has not been disclosed.Hike is a joint venture between Bharti Enterprises and Softbank that was launched in 2012. Hike has over 35 million users and has raised $86 million from Tiger Global and BSB till date.Founded … [Read more...]

CommonFloor acquires Bangalore-based startup Bakfy

CommonFloor acquires Bangalore-based startup Bakfy

Online real estate portal CommonFloor has acquired Bakfy, an anonymous gossip app for students for an undisclosed amount. The deal is a mix of cash and equity confirmed CommonFloor chief executive Sumit Jain.The Bakfy team will join CommonFloor as entrepreneurs-in-residence and will work directly with the founders to build social and mobile products.Bakfy was founded in … [Read more...]

Tookitaki raises Rs 6.3 crore funding

Tookitaki raises Rs 6.3 crore funding

Tookitaki, a data intelligence startup has raised $1 million (Rs 6.3 crore) in a funding round led by Singapore based venture capital firm Jungle Ventures. Japanese seed investor Rebright Partners and existing investor Blume Ventures also took in the round.The funding will be used for research and development of products and expansion in markets of Southeast Asia and … [Read more...]

Peer to peer lending platform Faircent.com raises capital

Faircent.com raises capital from promoters of Fusion Microfinance

Faircent.com, an online platform for peer to peer lending has raised capital at an undertaking valuation of $4 million. The round was led by Devesh Sachdev and Ashish Tiwari, promoters of Fusion Microfinance Pvt Ltd who have invested in the venture in their individual limit.Founded in 2013 by Rajat Gandhi, Vinay Mathew, and Nitin Gupta, Faircent.com is a marketplace where … [Read more...]

Fashion social network VioletStreet raises Rs 2 crore in angel funding

Fashion social network VioletStreet raises Rs 2 crore in angel funding

Hyderabad-based fashion social network, VioletStreet.com has raised Rs 2 crore in angel round of funding led by Venkat Vallabhaneni, founder and CEO Accurum and Sudhakar Reddy, founder and CEO Abhibus.Founded by Ankur Gupta and Nayan Kumar, VioletStreet lets the users to create their own fashion looks and also get quick feedback from friends through social network. It also … [Read more...]

Purplle gets funding from IvyCap Ventures

Purplle gets funding from IvyCap Ventures

Purplle, an online beauty and grooming retailer has raised an undisclosed amount in funding from IvyCap Ventures. IvyCap normally invests Rs 15-30 crore in each of its deals.Vikram Gupta, founder, IvyCap will shortly be joining the board of Manash Lifestyle, the firm behind Purplle.com.Founded by IIT-Delhi alumnus Manish Taneja and IIM-Ahmedabad graduate Rahul Dash, … [Read more...]

Gurgaon-based Near.in raises Rs 1.8 crore

Gurgaon-based Near.in raises Rs 1.8 crore

Near.in, a socially driven local service market place has raised Rs 1.8 crore funding led by investors including Anupam Mittal of Shaadi.com and Manish Vij of adtech firm SVG Media.The funding also saw participation from CEO Prashant Tandon and CTO Gaurav Agarwal of Healthkart.com, Akash Agarwal, global vice-president of the mobile division of enterprise software maker SAP … [Read more...]

Messaging app Lookup raises funds from Japanese investors

Messaging app Lookup raises funds from Japanese investors

Bangalore-based instant messaging app Lookup has raised about Rs 2.4 crore from Japanese investors DeNA Co and Teruhide Sato.DeNA runs a social games platform called Mobage while Teruhide Sato is the founder of Beenos group, a global internet and e-commerce business incubator.Lookup lists businesses, restaurants, and even police stations for users to connect with. It … [Read more...]

Saksoft Acquires 51% Stake in 360Logica

Saksoft Acquires 51% Stake in 360Logica

Chennai-based Saksoft has acquired 51 percent stake in 360Logica. Saksoft’s shares soared by 15% after the acquisition. However the financial details of the deal were not disclosed.Founded by Mohammed Asad Khan and Rohit Kumar Singh, 360Logica provides independent testing services and QA consulting for all types of businesses, domains, and technology. With most of its c … [Read more...]