Flashback 2016: The top angel investors in India

Dheeraj-Jain-&-Anand-ChandrasekaranDheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 deals in 2016 versus eight in 2015, and Chandrasekaran added 20 […]

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Exclusive: Shaadi.com acquires mobile dating app Frivil

pexels-photo-585721Shaadi.com, operated by People Interactive India Pvt Ltd, has acquired Frivil, a mobile-based dating app owned by Delhi-based Thrill Pte Ltd for an undisclosed amount. With the acquisition, Frivil’s product, intellectual property rights and brand will become part of People Interactive. However, Frivil’s founders – Josh Israel and Devin Serago – will not be joining […]

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Exclusive: Anupam Mittal-backed fashion rental Blinge goes defunct; looks at a pivot

Anupam-MittalFashion rental platform Blinge is looking at a pivot after shutting down the company’s core operations, according to two people familiar with the matter. “We are actually looking at a pivot, because we realised that the market for fashion rental was not lucrative enough,” said co-founder of the company Shikhar Khanna, confirming the development. The […]

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Health-tech startup LetsMD gets angel funding

LetsMD was founded in December 2015 by (L to R) Tenzin Thargay (COO), Nivesh Khandelwal (CEO) and Prakhar Gupta (CTO)Delhi-based health-tech startup LetsMD has secured an undisclosed amount of angel funding from Calcutta Angels Network (CAN). LetsVenture, a platform that connects startups with investors, Anupam Mittal, founder and chief executive of People Group and Currae Healthtech Fund also participated in the round. The startup, operated by Medbay India Pvt. Ltd, will use the funds […]

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What keeps top angel investors going?

Invest_thnk_stockIf you think Binny Bansal, the co-founder of India’s largest e-tailer Flipkart, is only interested in online retail space, you could not be more wrong. Bansal is as interested in aerospace and defence, healthcare, technology & equipment and leisure products, as he is in online retail, if you go by the kind of startups he […]

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Anupam Mittal, Rajan Anandan, Kunal Shah & Zishaan Hayath among top angel investors in Q3

top 10 angel investorsAngel investors in the country have kept funds flowing for startups at a time when venture capital investors seem to be holding back. In the first nine months of 2016, the value of investments has declined significantly across all investment categories such as private equity and venture capital but angels and seed funds continue lending […]

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Online B2B marketplace Bharat Bazaar gets funding from BeeNext, others

bharatbazaar1Mumbai-based White Shadow Technology Pvt. Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. The investors participated in the round included BeeNext, a Singapore-based early-stage technology fund; TV Mohandas Pai, chairman, Manipal Global Education Services and Aarin Capital; and Kunal Shah and […]

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