Handicraft marketplace Direct Create raises funding

4545454545_feJaipur-based Rajasthan Venture Capital Fund (RVCF) has invested an undisclosed amount in Direct Create Private Limited (DC), an online and offline B2B marketplace that brings together artisans, designers and buyers, according to a press statement. “RVCF has invested in Direct Create through its third investment vehicle, RVCF India Growth Fund, which has a target corpus […]

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IoT startup Tyre Express raises seed investment from HNIs

IoT-startupEnterprise IoT solutions startup Tyre Express Pvt. Ltd. has raised an undisclosed amount in its seed round from IIT Delhi and Wharton alumni, the company said in a statement. Tyre Express was founded in November 2015 by Anju Gupta, an alumnus of S P Jain Institute of Management and Research, and Brijesh Shukla, an alumnus […]

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Data analytics startup Connaizen gets pre-seed funding, may raise more next month

For-10i-SellX-Story_coins-1015125_1920Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount in pre-seed funding from Umang Moondra, former managing director of Citigroup, Singapore. Connaizen, which was launched in April 2015, provides targeted marketing solutions to merchants through its collaboration with financial institutions. The startup is soon going live with four private banks, so the […]

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Mobile B2B marketplace Wydr raises Series A funding

WydrMobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new […]

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B2B logistics startup BlackBuck to raise $10 mn from IFC

For-Blackbug-Story-TC_ThinkstockPhotos-500646181International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd, drive growth in contract and spot business and build ancillary services […]

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Exclusive: Construction management platform QwikSpec raises $300K in angel round

For-QwikSpec-Story-TC_ThinkstockPhotos-492727881Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding, its founders told Techcircle. The amount was raised from a veteran tech angel investor, whose name the founders didn’t disclose, and others. The Bangalore-based startup will use the capital to scale up its product, apart from investing […]

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Mobile data startup Zeotap raises $12.8 mn in Series B funding

fashion-person-woman-handBangalore- and Berlin-based mobile data startup Zeotap GmbH has raised $12.8 million (12 million euros) in Series B funding from New Science Ventures (NSV) and Here. NSV is a New York-based venture fund and Here is a global provider of mapping and location-based services backed by German automotive companies Audi, BMW and Daimler. Existing investors […]

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MSD Telematics acquires vehicle tracking solutions firm Heuristics Info Systems

For-Telematics-Story-TC_ThinkstockPhotos-519528974Gurgaon-based telematics solutions firm MSD Telematics Pvt Ltd has acquired vehicle tracking solutions provider Heuristics Info Systems Pvt Ltd for an undisclosed amount in an all-cash deal. The deal will help MSD Telematics deliver greater value to customers by offering a complete bouquet of services, Ashmeet Singh, founder of MSD Telematics, said in a statement. […]

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Qualcomm selects three startups for $100K design prize

For-Qualcomm-Story_ThinkstockPhotos-485982144Chipmaker Qualcomm has selected three startups for its ‘Qualcomm Design in India Challenge’ prize. The winners, selected from among ten startups incubated by Qualcomm, will be awarded $100,000 each. The winners were judged by industry, government and Qualcomm executives, and the announcement was made by Union minister Ravi Shankar Prasad and Nasscom president R Chandrashekar. […]

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Adtech platform Oi Media raises seed round from Quarizon

Invest_For-Jungle-Ventures-Story_ThinkstockPhotos-180442738Oi Media, a software-as-a-service (SaaS) platform for out-of-home (OOH) advertising, has raised an undisclosed amount in seed funding from early stage venture capital (VC) fund Quarizon, according to a press statement. Oi Media, founded in 2015 by Praphul Mishra, enables media sellers and buyers to connect and transact in a transparent environment. The company was […]

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