Deals this week

Deals this week

Travel app Trip38 raises Rs 6 crore in fundingTrip38, a travel management app has raised about Rs 6 crore ($1 million) in funding from InterGlobe Technology Quotient, the parent of Indigo airlines, and Singapore based Lantern Capital.The funds will be used to improve technology, product features, and to expand consumer base through effective marketing.Founded by … [Read more...]

Deals this week

Deals this week

Media crowdsourcing startup Springleap raises $8,00,000New York’s media crowd sourcing startup firm, Springleap has raised $800,000 from Cross Border Angels. This funding will be used to bring crowdsourcing model in India to get access to the Indian brand.Founded in 2012, Springleap provides a crowdsourced marketplace of creative professionals where brands and agencies … [Read more...]

Deals this week

Deals this week

Food technology start-up YuMist raises Rs 6.2 croreYuMist, a food technology and delivery start-up has raised Rs 6.2 crore ($1 million) from venture capital firm Orios Venture Partners. The funding will be used to further build its technology platform, expand services, and towards marketing."There are no national players in this space, and that too, in a country which … [Read more...]

Deals this week

Deals this week

Aasaanjobs raises seed funding of $1.5 millionAasaanjobs, a recruiting platform for entry level jobs, has raised $1.5 million (Rs 9.2 crore) of seed funding from Inventus Capital Partners and IDG Ventures India. The funds will be used to hire manpower and for product development.Aasaanjobs was founded in 2013 by Dinesh Goel and a group of IIT-Bombay alumni. The firm … [Read more...]

Deals this week

Deals this week

ShopClues gets $100 million fundingShopClues, a 3 year old e-commerce market place has raised funding of $100 million led by Tiger Global, along with participation from existing investors Helion Venture Partners and Nexus Venture Partners.ShopClues is valued at $350 million and has so far raised over $115 million."We will be investing money in technology, marketing, … [Read more...]

Aayuv Tech gets funding from Adroitent

Aayuv Tech gets funding from Adroitent

Hyderabad-based Aayuv Technologies Pvt Ltd has raised funding of Rs 2 crore from technology company Adroitent Pvt Ltd, headed by Sreenath Devireddy and Bitchemy Ventures. The funding amount will be used for product development, hiring, and marketing.Founded in 2014 by Kiran Kalakuntla, Aayuv Technologies has developed eKincare, an online platform that enables users to … [Read more...]

Nivaata Systems raises funds from existing and new investors

Nivaata Systems raises funds from existing and new investors

Nivaata Systems, an enterprise mobile startup has raised funds from existing investor Blume Ventures and new investor Ajay Malhotra of Dubai-based VAMM Capital. However the funding amount has not been disclosed. This round also saw investment from Naresh Malhotra, director of Modern Family Doctor and former chief executive officer of Cafe Coffee DayFounded in 2007 by Sriram … [Read more...]

Bootstrapped tech firm RateGain raises up to Rs 300 crore

Bootstrapped tech firm RateGain raises up to Rs 300 crore

RateGain, a software solution provider has raised Rs 200-300 crore in its first round of funding from US-based private equity firm TA Associates.The funds will be used to expand operations overseas, develop products, and acquire firms that have built solutions for the travel and hospitality industries.Founded in 2004 by Bhanu Chopra, RateGain specializes in providing … [Read more...]

Zomato acquires US-based Urbanspoon for $60 mn

Zomato acquires US-based Urbanspoon for $60 mn

Zomato, the online restaurant guide has acquired Seattle-based food portal Urbanspoon. The deal is estimated at $60 million (Rs 370 crore) all-cash transaction. This is the sixth and biggest acquisition by Zomato.Deepinder Goyal, the chief executive of Zomato finalised the acquisition with digital media company InterActive Corp which owns Urbanspoon. Owned by media … [Read more...]

Sokrati Technologies raises series B funding from IvyCap Ventures

Sokrati Technologies raises series B funding from IvyCap Ventures

Sokrati Technologies, a digital marketing and analytics company has raised a series B round of funding led by IvyCap Ventures. The round also saw participation from existing investor Inventus Capital. Sokrati is Google's largest SMB partner in India.The funding will be used to expand technology & big data engineering teams and building the marketing presence … [Read more...]