San Francisco- and Delhi-based software-as-a-service (SaaS) startup Squad, earlier known as SquadRun, has raised $2.1 million in a fresh funding round led by early-stage investor Blume Ventures, a company statement said. Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Ant…
Tag: Blume Ventures
Home rental start-up FastFox raises Rs 30 cr from Lightspeed India
New Delhi: Home rental startup FastFox has raised Rs 30 crore in a Series A funding round from Lightspeed India Partners, the India-specific fund of US-based Lightspeed Venture Partners, Blume Ventures and CyberAgent Ventures. The company plans to invest the money in improving its technology solu…
US investor Tim Draper shifts focus on Indian start-ups again
Timothy Cook Draper, founder of Silicon Valley-based venture capital firm Draper Associates, is back in India to invest in early-stage startups after a one-year hiatus, according to a media report. Draper will invest about $1 million in each startup. The key areas of focus will be firms working o…
Rewards start-up m.Paani raises $1.35 mn from IDG Ventures, others
Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement. Existing investors Adil Allana of The Allana Group, Aprameya Radhakrishna, co-Founder of Taxiforsure, and …
Gadget repair service PICKmE secures $1.79 mn from SIDBI VC
Mumbai-based PICKmE e-Solutions India Pvt Ltd has raised Rs 12 crore ($1.79 million) from SIDBI Venture Capital Fund, according to a filing with the Registrar of Companies. SIDBI has bought 30,133 shares at Rs. 3,982.34 apiece. The gadget insurance and repair services startup will use the capital…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
Online learning portal Unacademy raises Rs 30 cr in funding
Bengaluru: Unacademy, the online learning platform, has raised $4.5 million (approx. Rs 30 crores) in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. Girish Mathrubootham, CEO of Freshdesk and Ananth Narayanan, CEO of Myntra along with Stanford Angels have a…
VC investments dip 21% in 2016; IT stays favourite segment
Venture Capital firms made 405 investments in India, worth $1.4 billion during 2016 as compared to 512 deals worth $2 billion in 2015, which is 21% lower in volume terms and 28% lower in value as compared to the all-time highs of 2015, according to a data from Venture Intelligence. With 304 inves…
With $323 mn funding, 2016 a bumper year for ed-tech cos
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million -surpassing the previous high of 2014 when ed-tech companies raised $223 million. At 26, the number of deals this year was also over three times more than last year’s $98 million (23 …
How start-up speak changed in 2016
The startup vocabulary of 2016 has been markedly different from the glory years of 2014 and 2015 when unicorns were born every other week, and sky-high valuations meant scale and size won over strategy and solid business models. This year as funds dried up, a number of promising startups of 2015 …