YouTellMe raises $100K in Angel Funding

YouTellMe raises $100K in Angel Funding

YouTellMe, an online price comparison and product discovery portal has raised about $100K from Dutch early stage investment firm Bright Ventures. It is owned by Mumbai based firm YouTellMe Media Pvt. Ltd.The funds will be used to optimize the platform and to hire new talent.YouTellMe.com helps users to compare prices of products from multiple online stores in a number … [Read more...]

Snapdeal acquires online gifting platform Wishpicker

Snapdeal acquires online gifting platform Wishpicker

Wishpicker, a technology platform that offers gift options through intelligent recommendation, has been acquired by online market place Snapdeal. However, the financial details of the acquisition have not been disclosed. This is the first acquisition from Snapdeal after raising fund of $627-million through Softbank.Wishpicker was founded in 2013 by IITians Apurv Bansal and … [Read more...]

AnyCommerce acquires iLoveRead.in

AnyCommerce acquires iLoveRead.in

AnyCommerce, a Chennai based consulting firm working with startups and entrepreneurs has acquired iLoveRead.in. The portal allows one to borrow books online and offers home-delivery and pick-up of books.This is the second acquisition from AnyCommerce after food delivery network GoGrab.in.iLoveRead was founded 5 years back by Amrutash Misra and Sahil Gore and this idea … [Read more...]

Bangalore based InMobi raises $5 million

Bangalore based InMobi raises $5 million

InMobi, a performance based mobile ad network has raised $5 million (Rs 31 crore) from SoftBank. SoftBank has one third stake in InMobi and has committed another $25 million if new investors come on board.InMobi started as mobile-search engine mKhoj, now has an outreach to 872 million unique devices around the world. The company has evolved to better target its ads in … [Read more...]

RezNext Global Solutions raises $5 Million from NEA

RezNext Global Solutions

RezNext Global Solutions, a real-time hotel distribution company has raised $5 million from New Enterprise Associates, Inc. (NEA), a venture capital firm.The funds will be used to increase market penetration, deliver full product portfolio, and expand in domestic and international markets.RezNext was launched in 2012 that empowers hotels to adopt a distribution strategy … [Read more...]

TinyOwl raises $3 million from Sequoia and Nexus

TinyOwl raises $3 million from Sequoia and Nexus

TinyOwl, a location based food ordering platform has raised $3 million in a first round of funding from Sequoia Capital and Nexus Venture Partners.The funds raised will be used to penetrate its presence in Mumbai and expand to other metros.TinyOwl was founded in 2014 by five IIT Bombay alumni including Harshvardhan Mandad and Gaurav Choudhary. Available on Android and … [Read more...]

IT firm Avekshaa Technologies raises Rs 3 crore

IT firm Avekshaa Technologies raises Rs 3 crore

Avekshaa Technologies, an IT solutions company has raised about Rs 3 crore ($500,000) from Karnataka IT Venture Capital (KITVEN) and a group of investors including ex-Infosys CFO V Balakrishnan.The firm plans to use the funds to develop technology and get Fortune 500 clients in the US and companies in Australia. The company is currently valued at $8 million (about Rs 48 … [Read more...]

SVG Media acquires NetworkPlay and SeventyNine

SVG Media acquires NetworkPlay and SeventyNine

SVG Media, a digital media network company has acquired mobile video technology platform SeventyNine and performance display platform NetworkPlay from Gurner+Jahr (a unit of Bertelsmann Group). The acquisition deal estimated at Rs 92 crore (over $15 million) makes SVG Media the largest independent mobile advertising networks by revenue in India.SVG Media was founded in 2007 … [Read more...]

Youth4work secures Rs 2.8 crore

Youth4work secures Rs 2.8 crore

Youth4work, a recruitment platform that connects youth to companies has raised Rs 2.8 crore in bridge capital from Aurum Equity Partners, Global Asia Partners, and UK based angel investor Dan Sandhu.The funds will be used for marketing, user experience, mobile, and to build the team.Youth4work was founded by Rachit Jain in 2012. Youth4work initially provides opportunity … [Read more...]

Gigstart raises $200,000 funding

Gigstart raises $200,000 funding

Gigstart, an online marketplace for entertainers and event planners has secured $200,000 seed funding. Kunal Bahl and Rohit Bansal of Snapdeal, and Rajesh Sawhney, Founder of GSF Accelerator, participated in this round of funding apart from many other participants.The funds will to be used in building technology infrastructure, content, hiring key talent to facilitate … [Read more...]