Bengaluru-based artificial intelligence-backed analytics startup Boxx.ai has raised $500K funding led by Unicorn India Ventures. Angel investors Venky Krishnakumar (Former COO and CFO, Citibank APAC); Suresh Shankar (Founder and CEO, CrayonData); and Vivek Bhargava (CEO, DAN Performance Group) al…
Tag: Unicorn India Ventures
Microlending startup SmartCoin raises $500K from Unicorn India Ventures
Early-stage venture fund Unicorn India Ventures, which is set to close its maiden fund in the range of Rs 100 crore, has made its first investment in the fintech space, leading a round of about half-a-million dollars in Bengaluru-based microlending startup SmartCoin. The startup offers loans star…
GrabOnRent to raise $5 mn in Series A funding
Hyderabad: GrabOnRent, an online product rental service, today said it plans to raise USD five million in series A funding to fuel expansion plans. Chief Operating Officer Manish Sugandhi said GrabOnRent is now looking to close a Series A funding of around USD five million in the coming few month…
Govt planning to overhaul Rs 10k cr start-up fund
The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
VCs seed the best of funds for start-ups
Mumbai: Are fears of a slump in startup investments overplayed? That seems to be the case as funding commitment – from investors to venture capital funds has octupled to Rs 9,469 crore between October 2015 and September 2016 vis-a-vis Rs 984.81 crore in the corresponding months of the previ…
DSG Consumer Partners makes first close of fund II at $35 million
Deepak Shahdadpuri-led investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million. The consumer-focused investment firm was an early investor in online hotel aggregator OYO Rooms, mobile point-of-sale payment services provider MSwipe Technologies and …
Rs 10,000 cr start-up fund to be force multiplier | Experts
The Rs 10,000-crore fund announced in the Startup India policy by Prime Minister Narendra Modi is expected to be the force multiplier that may boost investments many times into this segment, industry experts believe, even as the government plans to liberalise the regulatory environment for entrep…