May 24, 2013

Caratlane closes $ 15 million in Series C funding

May 13, 2013 By Leave a Comment
carat-lane

Online jewellery e-retailer Caratlane, had raised $15 million in third round of funding from Tiger Global as reported by nextbigwhat. With this, total funds raised by Caratlane had reached $27 million. Though on contacting Caratlane, company officials had declined commenting over the funding. Caratlane works with a 4000 global vendors offering large collection of diamonds & diamond jewellery including rings, pendants, earrings, necklaces, etc and is shipping across 150 cities across the … [Read more...]

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Yoga Smoga raises INR 5 crore from Mumbai Angels and others

May 10, 2013 By Leave a Comment
Yoga-Smoga

Yoga-inspired athletic apparel and accessories online retail website Yoga Smoga, had raised INR 5 crore INR 5.5 crore in fresh round of funding from Mumbai Angels & few other US based angel investors. Yoga Smoga designs and manufactures products for men and women related to Yoga theme and suitable for Yoga activities. It works with a mix of Supplex and synthetic fibre for its products for easy stretching and tight-fitting garments. The company also claims to use nanotechnology to ensure … [Read more...]

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Big data company, Opera Solutions LLP, raises USD 30 mn from Wipro

May 8, 2013 By Leave a Comment
Wipro-invests-opera

Wipro, India’s third largest IT company has  announced to invest  a corpus of $30 mn in a New Jersey based Big Data company Opera Solutions LLC to acquire a minority stake. It believes that Big Data provides an new opportunities  for business value creation and Opera Solutions contributes these capabilities that allows organisations to turn raw big data into strategic advantage, profit and productivity. Opera Solutions founded in 2004, specializes in machine learning to extract predictive … [Read more...]

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Rocket Internet backed, Foodpanda raises USD 20 million in funding

May 7, 2013 By Leave a Comment
Foodpanda

Rocket Internet backed, Foodpanda.com, had raised more than USD 20 million in funding from a group of undisclosed investors, which include Investment AB Kinnevik and Phenomen Ventures and more. The new capital will be used to accelerate growth and optimized customer service across the countries with its presence. On contacted by Iamwire, Amit Kohli, MD Foodpanda India, said that the company had raised funds in between USD 20-26 million. The part of raised capital will be deployed in expansion … [Read more...]

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Data warehousing firm, Helical IT Solutions raises angel funding

May 7, 2013 By Leave a Comment
Helical-IT-solutions

Hyderabad based, open source data warehousing and business intelligence provider, Helical IT Solutions Pvt Ltd had raised INR 25 lakh in fresh round of funding from a Singapore based City Bank’s senior official, confirms Nikhilesh, Co-founder, Helical. The raised capital will be used for investing in Human Resources, Infrastructure development and Partnerships deployment. The company is providing services in Cloud based Business Intelligence, Data Warehousing, Data Mining, Data modelling and … [Read more...]

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Voylla raises INR 2.5 Crores from Snow Leopard Technology Ventures

May 1, 2013 By Leave a Comment
Voylla

Designer jewellery and accessories portal Voylla.com has raised INR 2.5 crores from Pune-based Snow Leopard Technology Ventures. With this investment Chris Kolenaty, Partner, Snow Leopard Technology Ventures,  will join on Board of Directors of Voylla. Commenting on the deal, Vishwas Shringi, Founder & CEO, Voylla.com says that the raised capital will further accelerate their expansion plans and will largely be deployed for operations expansion and marketing spend to enhance ability to … [Read more...]

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Text message app, Plustxt raises funds from Mumbai and Bangalore Angels

April 26, 2013 By Leave a Comment
Plustxt

Bangalore based, Plustxt Mobile Solutions has raised undisclosed amount of funding from Mumbai and Bangalore Angels. Founded in 2012, Plustxt provides an app which allows text messaging in any of the Indian language as well as language keyboards. It claims to be the fastest than any other text messaging app. The application is optimized for Indian languages and is available in Hindi, Marathi, Malayalam, Gujarati, Punjabi, Kannada and Tamil for sending and receiving text messages in a language … [Read more...]

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Yebhi raises INR 60 crore in internal funding from existing investors

April 25, 2013 By 2 Comments
Yebhi-Funding

Ecommerce player Yebhi.com had raised INR 60 crore in internal funding round with Nikhil Rungta joining the team earlier, states sources. Though official announcement from Yebhi is yet to come. But, on contacted by iamwire, Nikhil Rungta, CBO, Yebhi, had neither denied nor accepted the news and made a point that it is speculative in nature and he don’t want to add further to the speculations. Over the future, Yebhi aims to be the biggest ecommerce company, it aspires to become a thousand … [Read more...]

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Online baby record book startup Little1 raises $80,000 in angel funding

April 25, 2013 By Leave a Comment
Little1-logo

Launched by Oneup Ventures, Kolkata based online baby record book startup Little1 had raised $80,000 in angel funding from an private NRI investor. The startup deals in a new concept of compelling parents to preserve their child’s memories digitally through photo sharing, uploading etc. as an online baby book record. The company will be using funds for mobile app, marketing, increasing experience. Presently the website has an engaging UI, with positioning towards first time mothers, or … [Read more...]

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Purplle.com, a beauty products etailer closes Series A

April 17, 2013 By 1 Comment
purplle

Mumbai based, Beauty and skincare e-retailer Purplle.com has recently closed a Series A funding as per the CEO. It offers product in various categories including fragrances, skincare, and all sort of beauty products including electronics for both men and women. Manish Taneja, CEO, Purplle, declined to comment on the details of the deal, but has confirmed that they have closed a series A round by non-VC investors. They have previously raised a seed round from undisclosed investors. Manish has … [Read more...]

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Big Shoe Bazaar announced US $20Mn in Series C funding led by Fidelity & Qualcomm

July 10, 2012 By Leave a Comment
Yebhi

Big Shoe Bazaar India Pvt Ltd., the B2B Company of Yebhi.com, has raised INR 100 Cr in Series C round of funding led by Fidelity Growth Partners India and Qualcomm Ventures. Existing investors, Nexus Venture Partners and Catamaran also participated in the round. According to the sources announcement has come quite late since the deal was signed. In 2010, the company raised INR 10 Cr ($2 Mn) of Series A funding by Nexus Venture Partners followed by a second round of funding of INR 40 Cr ($8 … [Read more...]

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Vertex, KPCB and Sherpalo invests in Delhi based Reverse Logistics Company in series B

June 29, 2012 By 1 Comment
RLC

Delhi-based Reverse Logistics Company Pvt ltd and its brand GreenDust has raised a Series B round of investment from Vertex Venture Holdings Ltd, a fully owned subsidiary of Temasek. Existing investors KPCB and Sherpalo Ventures have also played an active role in the investment round. The size of funding is around US$40 Mn as reported by VCCircle. Hitendra Chaturvedi, founder and CEO of GreenDust, commented: “We want reverse logistics to be a catalyst for growth for our business partners. … [Read more...]

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Myshaadi.in Raises First Round of Funding from Indian Angel Network

April 20, 2012 By Leave a Comment
MyShaadi

Online wedding planning portal Myshaadi.com raised an undisclosed amount of funding from Indian Angel Network (IAN). Four investors from the consortium concluded the deal - Rajan Anandan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan, who will also join the board of directors at Myshaadi.in. Abhishek Jain, an NIT Jaipur graduate and founder of the website said, “The fund will help us to strengthen operation and further improve our suite of services”. Jain had launched the portal in … [Read more...]

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Professional Social Networking to Receive a Boost; Viadeo raises $32 Million; India arm Apna Circle to receive part of the funds

April 13, 2012 By Leave a Comment
Viadeo

The Viadeo Group, a social networking group for professionals has raised over $32 million in a fourth round of funding, from Government backed French Sovereign Wealth Fund and the Fonds Strategique d’Investissement (FSI), institutional shareholders IdInvest and Ventech, as well as new investors such as Jefferies, Allianz, and Middle Eastern Private Funds. The company had previously raised $5 million in 2006 with total investments of over $55 million since its launch in 2004. The Viadeo … [Read more...]

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