Which funds should you pitch to in 2017?

funding-investment4Even though investor sentiment was cautious in 2016, the year saw nearly 26 funds come into being. While many of them were maiden funds, quite a few of them were at their first or second close. For startups looking to raise money in 2017, TechCircle.in has compiled a list of funds scouting for investments, targeting […]

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Lending startup Indifi raises $10 mn in Series B

For-Indifi-Story-TC_ThinkstockPhotos-544970538Gurgaon-based fintech startup Indifi Technologies Pvt Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has raised $10 million (Rs 66.5 crore) in a Series B funding round led by Omidyar Network — an investment firm founded by eBay founder Pierre Omidyar. The round also saw participation from […]

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Flipkart suffers another markdown as Vanguard slashes stake value by 33%

VCCircle_Flipkart8A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Flipkart at $7.34 billion while Morgan Stanley slashed the value of […]

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Markdown plagues Flipkart again as Morgan Stanley cuts valuation to $5.57 bn

For-Flipkart-Story-TC_Shah-JunaidA mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares to $52.13 per share as […]

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B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

bizogoSmartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money to expand its seller base, build automation, improve supply chain and […]

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SaaS startup Zarget raises $6 mn in Series A funding

funding-by-mukul-(3)2Chennai-based software-as-a-service (SaaS) provider Zarget has raised $6 million (Rs 40 crore) in its Series A round of funding, led by venture capital firm Sequoia Capital India. Existing investors Accel Partners and Matrix Partners also took part in this round, the company said in a statement. Osmnez Technologies Pvt. Ltd, which runs the conversion rate […]

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Freshdesk raises $55 mn from Sequoia, Accel Partners

For-Freshdesk-Story-TC_ThinkstockPhotos-518428665Freshdesk Inc., which provides cloud-based customer engagement software, has raised $55 million (Rs 366 crore) in its Series F funding round led by Sequoia Capital India and existing investor Accel Partners. The company will use the money for launching new products and global expansion, it said in a statement on Tuesday. Girish Mathrubootham, founder and […]

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Accel Partners, Jungle Ventures invest $4 mn in B2B marketplace Moglix

Moglix_feMoglix, run by MOGLILABS Pvt. Ltd, a B2B e-commerce company specialising in procurement of industrial products, has raised Rs 28 crore ($4.2 million) in Series A round of funding led by Accel Partners, along with Jungle Ventures and SeedPlus. Jungle Ventures’ co-founder and managing partner Anurag Srivastava has joined the startup’s advisory board after this […]

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Sequoia Capital wants to be first institutional investor in startups, says MD Mohit Bhatnagar

Mohit BhatnagarGoing back to its global business philosophy of being an early stage investor in fledgling companies, Sequoia Capital in India has decided to primarily make early stage, seed and series A investments going forward even as it remains open to writing “large cheques” for companies needing growth capital. “Sequoia wants to be the first institutional […]

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Gametime raises $20 million to sell last-minute, textable tickets to sporting events and concerts

 Gametime has raised $20 million in venture funding for an app that allows people to find and buy tickets to

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