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Recent Business Fundings

Here are some businesses that received funding recently.

Aye Finance: Gurugram based online lending start-up raised $21.7Mn in Series C funding with by CapitalG, Google’s Venture Capital Company investing $11.9Mn. Aye finance will use the funding to build its technology platforms and increase its loan book which stands at $77Mn (INR 525 Cr).


Paytm Mall: Received $225Mn funding from previous investors Alibaba and Softbank. Now Alibaba holds 46% stake in Paytm Mall and Softbank holds 21%. The start-up will use the funding to increase its offline presence.


Pixr8: Ghaziabad based online business media platform raised $37K in seed funding. They intend to use the funding to boost market reach, acquire readership and expand its customer base.


Network Intelligence: Bengaluru based cybersecurity services start-up has raised $4.87Mn (INR 33Cr) from Helix Investments, a private equity firm. They plan to utilize the funds to expand to the US and UK markets and enhance product development initiatives. Its revenues come from BFSI sector and oil, gas and IT.


HomeLane: Bengaluru based online-home furnishing start-up raised $3.54Mn (INR 24 Cr), Brand Capital, BCCL’s strategic investment arm.


What’s Up Life: Gurugram based online lifestyle media platform raised an undisclosed amount from actor and television personality Rannvijay Singh. They plan to utilize the funds to expand to more cities. The start-up has exciting events lined up.


Theranosis Life Sciences: Hyderabad based medical diagnostic start-up raised an undisclosed amount from Mumbai Angels Network. They plan to use the funds to explore non-invasive diagnostics for cancer patients and innovations in cancer treatment.


CredAble: Mumbai based supply chain financing start-up has raised $14.8Mn (INR 100 Cr), from Mumbai based Financial Advisor Alpha Capital, in a round of Series A funding.


DailyNinja: Bengaluru- based subscription based delivery start-up raised $3Mn from Saama Capital and Sequoia Capital. They intend to use the funds to upgrade their customer experience by adding more offerings.


Nivesh.com: Noida based mass market investment company raised $440K in seed fund from Lets Venture. Basab Pradhan (former Infosys Global Sales Head) and Ranjan Anandan (Google India MD) are among its major angel investors.


Nirog Street: Ayurveda platform technology led start-up raised $300K from Spiral Ventures the Japanese venture fund, Samir Kumar (Director of Derivatives, Deutsche Bank, Singapore) and Subho Ray (President, IAMAI).


Wow! Momo: Kolkata based quick service restaurant chain has raised an undisclosed amount, estimated at INR 3-4Cr from Willaim Bissell (MD, Fabindia).


eShakti: Chennai based women’s fashion brand raised $11Mn (INR 75Cr) from Mumbai based Paragon Partners. eShakti specializes in size and style customization with presence in Australia and Canada.


Everyday Gourmet Kitchen: Mumbai based start-up raised $300K in pre-seed funding from Pradyumna Kokil (belonging to a family of CA’s from Nasik).


Chillr: Indian payments app was acquired by Stockholm based Truecaller for an undisclosed amount. Truecaller plans on strengthening the company’s payment business in India.


Other developments


NITI Aayog: 3,000 additional schools have been approved to set-up ATAL Tinkering Labs under its ATAL Innovation Mission (AIM). Over the next 5 years, a grant of INR 20 lakh will be awarded to each of these schools for fostering innovation among secondary school children across India.


Axilor Ventures: Has launched Axilor Technology Fund, a $30Mn seed fund that will make investments of up to $450-500K in seed funding and pre-seed funding stage start-ups.


Cisco: Will invest $200Mn in start-ups globally, including India.


National Skill Development Corporation (NSDC): has signed an MoU, with e-Government Leadership Centre (eGL), Singapore to skill India’s workforce across emerging technology areas like Robotics, Artificial Intelligence and Data Analytics.


YES Bank: Launched YES SCALE, a multi-sector programme to support start-ups working in the areas of EduTech, Agritech, CleanTech and Lifesciences Tech and Smart City.


Fosun International: Shanghai based Chinese investment company that initially invested only in established companies like MakeMyTrip, Delhivery and Ixigo is planning to invest in early stage start-ups in India.


Securities and Exchange Board of India (SEBI): A panel has been setup to make listings attractive for start-ups.


Unicorn India Ventures: Mumbai based early VC firm has partnered with British Ascension Ventures to launch a cross-border evergreen fund, Unicorn Ascension EIS Fund to support UK start-ups entering the Indian market and aims to raise upto $6.6Mn (INR 45Cr).


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