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...]

An urge to change things prompted to startup

An urge to change things prompted to startup

E commerce is a growing industry, and combining it with social networking would bring it to the next level. Erizmo is an attempt to do that.India is witnessing an ecommerce rise. The big companies have millions of products but there are limited platforms to index those products according to social taste of people. What better time to combine networking into it!On Erizmo … [Read more...]

Complementary skills helped setup a firm

Complementary skills helped setup a firm

Ankit Singh and Rohit Taneja met for the first time at Harvard University at an HPAIR conference in 2012. Later on, they met again at Technion in Israel for an entrepreneurial project. Little did they know that their complementary skills would match to make MyPoolin.MyPoolin is the smartest and fastest way to collect and settle money among friends in a group. It is a safe, … [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...]