Capital Float which is a digital lending startup has managed to raise $2.3 Million (Rs.15 Crore) from Mahindra and Mahindra Financial Services through non-convertible debentures (NCDs). Previously, in January 2017, Capital Float have raised had raised Rs.17 Crore from IFMR Capital Finance through…
Tag: SAIF Partners
Paytm backs AI & Big Data driven healthtech start-up QorQL
Noida-based online healthcare startup QorQL has secured an undisclosed amount of funding from ecommerce and payments platform Paytm. Commenting on the investment, Sudhanshu Gupta, Vice President, Paytm said, “There is a need in the country for quality care at affordable costs and the sector large…
TravelTriangle raises $10 mn to bring India’s travel agencies online
India’s TravelTriangle, a marketplace for finding and booking travel and holidays, has closed a $10 million Series B funding round. The four-year-old company is focused on bringing India’s largely offline travel agency space, which is dominated by small and medium-sized companies, online. That’s …
The Nudge Foundation launches an incubator for non-profit ventures
The Nudge Foundation, a Bengaluru-based non-profit focused on poverty alleviation and which is backed by Nandan Nilekani, Tata Trusts and a host of industry bigwigs, is launching what is perhaps the first ever incubator to support non-profit ventures working towards pulling people out of poverty.…
Data harvesting makes agri-tech start-ups hot for investors
Bengaluru: Agriculture-technology is emerging as one of the hottest sectors for investors this year, primarily for the mountains of data these startups are able to harvest. Leading venture capital firms including Accel India and SAIF Partners are evaluating several agritech firms to invest in, ac…
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…
Start-ups brace up for legal war with Income Tax department
Start-ups that have been ordered to pay tax despite valuations being marked down in recent funding rounds are challenging the demands, complaining that the move runs counter to the government’s campaign to encourage entrepreneurial spirit. With startup fever having waned over the past year …
How incubators in India are helping start-ups grow
For Anand Shahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. Within a few months, he realised that he needed networking and mentoring to take the business in the right direction. After much deliberation, he decided to knock at the doors of 91SpringBoar…
Property start-up NoBroker raises $7mn to connect home owners with buyers & renters directly
NoBroker, the India-based property startup that wants to make property agents obsolete, has landed $7 million in fresh funding to expand its service. The company connects property owners with prospective buyers or rental tenants directly with no need for a broker, as the name suggests. NoBroker c…
Demonetisation Effect | Hiring may shoot up as Fintech start-ups gain galore
Fintech startups are proving to be the biggest beneficiaries of the government’s demonetisation move and with the rise in business, recruitment plans of these companies are likely to see a significant uptrend in the coming months, experts say. E-wallet companies like Paytm, PayU India, Mobi…