Transerve Technologies, a company that offers geospatial technology-based SaaS solutions for sustainable growth and urban planning, has raised $1.6 million from IL&FS Investment Managers and Omidyar Network in a Series A round of funding. The investment was facilitated by Tribe Impact (previo…
Tag: Omidyar Network
Dalberg Advisors & iSpirit to host start-up pitch competition on India Stack interface
Dalberg Advisors, a social advisory firm and software industry think-tank iSpirt have joined hands to launch a venture pitch competition for early stage startups that will build on India Stack, a set of APIs released by the government, to build India-specific solutions. India Stack uses Aadhaar a…
CSR platform Goodera secures $5.5m in Series A from Nexus, Omidyar
Bangalore-based Goodera, a global corporate social responsibility & sustainability management technology platform, has raised $5.5 million in a Series A round from Nexus Venture Partners and Omidyar Network, according to a statement. Varsha Rao, previously head of global operations at Airbnb,…
Fintech start-up Lendingkart raises $7.8 m in debt funding from Yes bank
Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…
Bharti Airtel picks up stake in Fintech start-up Seynse
Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to lo…
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…
Solar lamps firm d.light raises $10.5 mn from Norfund, Shell Foundation
Mumbai: US-based d.light, which sells solar-powered lamps in villages with unreliable or no electricity connections, has raised $10.5 million, the company said in a statement. The company raised $5 million in equity from new investor Norfund, as well as $5.5 million in grant funding from Beyond t…
Indian start-ups raised $84 mn last week
Funding street was abuzz last week for the startup ecosystem. 14 startups have garnered $84 million in angel/seed and venture capital funding, versus the $33 million raised the week before by 12 startups. The Delhi-NCR region also pipped Bengaluru to lead all the funding activity. The big ticket-…
Indifi Technologies, a start-up that helps SMEs secure loans, raised $10 mn
Indifi Technologies Pvt. Ltd, a start-up that helps small businesses secure loans, has raised $10 million in a series B round led by Omidyar Network, the investment firm started by eBay Founder Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round.Indi…
NeoGrowth gets Rs 108 crore funding from IIFL Wealth Management
NeoGrowth Credit, a specialised lender to small and medium sized retailers, has raised Rs 108 crore in a new round of funding from IIFL Wealth Management’s Seed Venture Fund besides existing investors, which include Omidyar Network, Khosla Impact and Aspada. The development comes as investo…