Intra-city logistics start-up Blowhorn has raised about ₹25 crore ($3.65 million) in a Series A round from IDG Ventures India, Michael & Susan Dell Foundation, and existing investors Draper Associates and Unitus Seed Fund. Blowhorn will use the money to expand operations to eight cities in th…
Tag: IDG Ventures India
PipeCandy bags $1.1 mn from IDG, Axilor, others
Chennai: Data science startup PipeCandy has raised a seed round of $1.1 million from multiple investors including IDG Ventures India, Axilor Ventures (promoted by founders of Infosys), Silicon Valley based Emergent Ventures, Indian Angel Network and other individual founders. PipeCandy uses data …
IDG Ventures India & Axilor to invest in virtual and augmented reality-based start-ups
IDG Ventures India (IDGVI), in partnership with Axilor Ventures, has launched a Frontier Tech Innovators Program, to invest and partner with new-age disruptive start-ups which specialize in frontier tech like virtual and augmented reality. Frontier technologies are deep technologies which have no…
CreditMantri raises $7.6 mn in Series B round of funding
Chennai-based FinTech startup, CreditMantri has raised USD 7.6 million in Series B round of funding led by Quona Capital and Newid Capital along with existing investors, Elevar Equity, Accion and IDG Ventures India. Founded by three former Citibank executives, the company offers a proprietary tec…
IDG, Accion to invest more in CreditMantri
Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd is set to raise Rs 51 crore ($7.6 million) in Series B funding from new and existing investors. Citing filings with the Registrar of Companies (RoC), The company has approved the resolution for the fund-raise. Existing …
Fund-raising by healthcare start-ups dips 56% to $71 m
Venture capital investment in Indian Healthcare Information Technology (HIT)/Digital Health start-ups has declined 56% year-on-year in 2016 at $71 million compared to the previous year. In 2015, as many as 33 deals were struck for an investment of $162 million. However, in 2016, the number of fun…
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…
HealthifyMe raises $1 mn from Dubai-based NB Ventures
Mobile health and fitness start-up HealthifyMe, run by Caeruz Ventures Pvt. Ltd, said that it has received $1 million in funding from Dubai-based venture capital fund, NB Ventures. This is an additional investment to the $6 million in Series A funding that the company raised in May from IDG Ventu…
Active.ai raises $3 mn from Kalaari Capital, IDG Ventures
Singapore-based fintech startup Active.ai announced it has raised USD 3 million in funding from IDG Ventures India and Kalaari Capital. The investment will support the rapid growth of Active.ai to continuously advance its cutting-edge platform and build advanced artificial intelligence (AI) featu…
PremjiInvest is eyeing a stake in Lenskart now
Wipro Chairman Azim Premji’s family office, PremjiInvest, is in advanced talks to pick up a stake in Lenskart Solutions, which owns and operates eyewear-focused venture Lenskart, according to two people familiar with the development. The investment by PremjiInvest is part of the new round o…