In 2016, the company has raised $15 milion from three investors- Kalaari Capital, Accel Partners, IDG Ventures. In May 2017, CureFit secures $3 million of funding from Ratan Tata-backed fund and Silicon Valley angels.
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Tag: Accel Partners
Swiggy raises $80 m from Naspers, existing investors
Online food delivery platform Swiggy on May 30 said it has raised $80 million (over Rs 517 crore) in Series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partne…
Why Indian SaaS start-ups are set to rule the world
The Indian software-as-a-service (SaaS) ecosystem is witnessing an increase in activity in terms of new startups emerging and establishing themselves. There’s a belief within the industry that by 2025, India will become the SaaS hub of the world. SaaS is a software distribution model in which app…
News Corp-backed realty portal PropTiger.com merges with Housing.com
News Corp-backed real estate marketing platform PropTiger said that it has acquired Mumbai-based Housing.com in an all-stock deal. News agency Reuters reported that digital real estate advertising firm REA Group has acquired 14.7% strategic stake in PropTiger. Rea Group’s stake will be acquired f…
Food delivery start-up Swiggy posts 65 fold increase in losses
Bengaluru: Food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) posted a near 65-fold increase in losses for the fiscal year ended March 2016, indicating heavy cash burn and poor unit economics in food start-ups. Swiggy’s revenue rose to Rs 23.59 crore for the year ended 31 March from Rs 1…
Ola likely in talks to raise $600 mn to spruce up operations
Cab aggregator Ola is believed to be in talks with new and existing investors including SoftBank Group to raise another round of funding of around USD 600 million by the year end, a report says . The funds sought to counter competitive pressures from rival Uber Technologies is expected to give t…
Moglix is trying to use technology to disrupt the traditional distribution channels for SMEs
Small and large enterprises have to procure industrial products from 100s of suppliers. Moglix, a business-to-business (B2B) e-commerce start-up, is trying to use technology to disrupt the traditional distribution channels for industrial products. Recently, the B2B start-up which specialises in p…
Ratan Tata backed Moglix raises Rs 28 cr from Accel Partners, others
B2B e-Commerce start-up Moglix has raised Rs 28 crores in Series A round of funding led by Accel Partners with participation from Jungle Ventures and SeedPlus. Moglix had raised Pre-Series A funding from Accel Partners and Jungle Ventures in October 2015 and an undisclosed financial investment in…
Not Chinese but uniquely Indian companies will steal show: Accel’s Mitra
Homegrown companies, which play to Indian strengths, will soon start emerging as leaders in their business segments, according to one of the country’s top venture capital investors. Subrata Mitra, the partner at Accel Partners, who was the first investor in the country’s largest onlin…
Drug-development startup striving efficacy in cancer treatment
Bengaluru-based Zumutor Biologics, a drug-development startup, has partnered with US-based global major Catalent Pharma Solutions and has completed a research study that can potentially lead to greater efficacy in the treatment of cancer. The successful completion of the study has led to a global…