Workflow automation start-up Zapty has secured $500K in its latest round of funding from Ideaspring Capital. The startup will deploy the raised funds towards enhancing its product offering to create industry-grade solutions. Arvind Agarwal, CEO of Zapty said, “Traditional workflow solutions make …
Tag: TV Mohandas Pai
Ideaspring capital bets on augmented reality startup Whodat with $600k funding
Bengaluru-based augmented reality startup Whodat has secured $600K (about INR 3.86 Cr) in its latest round of funding from early-stage Venture Fund, Ideaspring Capital. Commenting on the investment, Arihant Patni, MD, Ideaspring Capital said, “Whodat has a great team led by Sriram (Ganesh) and Ka…
pi Ventures to get IFC equity for its maiden fund
Kolkata: Bengaluru-based pi Ventures, which seeks to raise $30-40 million in its maiden fund, is in talks with International Finance Corporation for an investment up to 20% of total commitment. “IFC proposes an equity investment of rupee equivalent of $3 million, not to exceed 20% of total …
Industry, investor bodies unite to seek removal of draconian angel tax
Angel investor networks and startup industry bodies have come together to form a unified startup coalition, seeking the removal of the “angel tax” through recommendations to the Department of Industrial Policy and Promotion (DIPP). There is a growing concern after the income tax depar…
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-…
Start-up Inc split over Sachin Bansal, Bhavish Aggarwal’s call for ‘protectionist’ policies
US-based Amazon and Uber kept a conspicuous silence on Thursday after the poster boys of Indian Internet entrepreneurship — Flipkart Chairman Sachin Bansal and Ola Chief Executive Officer Bhavish Aggarwal — joined forces to make a strong pitch for policies that will favour homegrown companies. So…
Ex-Infosys CFO Bala to launch ₹1,300 cr offshore VC fund
Former Infosys CFO V Balakrishnan, who chairs India-based VC fund Exfinity, plans to raise a $150-200 million (₹1,000-1,300 crore) offshore fund to invest in start-ups that specialise in hi-tech enterprise solutions in the Indo-US tech sector. Exfinity has launched two funds of ₹125 crore and ₹27…
TV Mohandas Pai wants to build an ‘ecosystem’ of funds
TV Mohandas Pai, a prolific angel investor and an outspoken commentator on civic issues, is occupied nowadays with creating an investment empire straddling an assortment of asset classes. Ultimately, Pai, who in his post-Infosys avatar has focused mostly on early-stage investments in technology s…
Velvetcase.com raises $1.5 million in second round of funding
Online jewellery marketplace VelvetCase.com has raised $1.5 million in a second round of funding led by Uniqorn Ventures Fund, with participation from investors TV Mohandas Pai and S Somasegar through online deal-making platform LetsVenture. VelvetCase will use the money to expand its technology,…
JM financial acquires 9.84% in p2p lending startup Fairassets
Close on the heels of Reserve Bank of India’s move to bring the nascent peer-to-peer (P2P) lending under regulation, financial services firm JM Financial has acquired 9.84% stake in P2P lending start-up Fairassets Technologies through one of its subsidiaries. All five existing investors of …