Early stage fund, Axilor Ventures, bets on new opportunities around Fintech; signs up PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer ’17 Accelerator Program. Fintech is one of the five focus areas for the cohort in …
Tag: VCCEdge
Pune start-up hub bucks funding slowdown trend in India: VCEdge Funding
Pune has bucked the funding slowdown and is one of the few startup hubs in India to buck the funding slowdown. In Maharashtra too, Pune has seen a 69% annual increase in startup funding deals and a jump of 35% in funding value with $52.5 million raised across 59 deals in 2016, according to VCCEdg…
Chinese firms poised to take over from US cos as lead investors in Indian start-ups
If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
Healthcare start-ups fail to attract fresh funds
Healthcare start-ups in the country are struggling to raise fresh funds. According to the data released by VCCEdge, the financial data platform of News Corp VCCircle, from January to August 2016, healthcare start-ups have managed to raise only $397.41 million. Compared to this, in CY 2015, the se…
InnoVen Capital clocks Rs 82 crore deals in first quarter
Temasek-owned InnoVen Capital has struck deals worth Rs 82 crore in the first quarter of the current fiscal, as the venture debt firm looks to make deeper inroads into Asia’s third-largest economy and rapidly-maturing startup ecosystem. InnoVen Capital, which is also backed by Singaporean m…
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe stress. The Series B round of equity financing has been led by Singapore-based investor …
Fresh breed of rich individuals are investing in startups
Bengaluru-based interior decor startup MyGubbi raised $2.5 million (Rs 16.5 crore) from as many as 30 individuals in March. Given the chariness towards startups, it’s not surprising that so many people pitched in— the risk gets divided more. What did raise eyebrows was that more than half o…
Nearly thousand Indian start-ups will be funded in 2016 | VCCEdge
As many as thousand start-up companies in India will be funded through various sources during the year 2016, according to a recent study. The VCCircle Network has released key insights from the VCCEdge Q1CY2016 Startup India Funding Report in the run-up to the Bengaluru edition of the News Corp V…
Ideaspring Capital aims innovation through ‘Startup Assist’ program
Ideaspring Capital, an early stage venture fund by entrepreneurs and for entrepreneurs, announced its official launch on April 28 in Bangalore. The INR 125 crore fund will focus on early-stage product innovation startups and entrepreneurs in India. Ideaspring Capital aims to bring sustained partn…
Venture fund for product start-ups launched in Bengaluru
Ideaspring Capital, an early- stage venture fund by entrepreneurs for entrepreneurs, announced its official launch in Bengaluru on April 25. The Rs. 125-crore fund will focus on early-stage product innovation start-ups in the country in key areas, including machine learning & deep learning, c…