Startup industry welcomes SEBI’s move to relax rules for angel investments

Startup_Thinkstock2All stakeholders of the startup ecosystem – entrepreneurs, investor and even lawyers – are welcoming the Securities and Exchange Board of India’s decision to relax rules for angel investments in startups. On Wednesday, SEBI eased rules for angel investments in young, fledgling firms and increased the upper limit for the number of angel investors in […]

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News summarisation app Awesummly raises $146K

For-Awesummly-Story_ThinkstockPhotos-101706204Bengaluru-based NitroLabs Technology Pvt Ltd, the company which runs and operates news summarisation app Awesummly, has raised $146K (Rs 1 crore) in funding from Vivek Bhargava, chief executive, iProspect, a digital performance marketing agency, and Ameera Shah, promoter and managing director of Metropolis Healthcare, a chain of diagnostic centers. The company had received investment offers […]

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Enterprise sales assistant startup Vymo raises $5 mn from Sequoia

FUND_raise_feUS- and Bengaluru-based enterprise sales assistant Vymo Solutions Pvt. Ltd has raised $5 million (nearly Rs 34 crore) in Series A funding from Sequoia Capital India. Vymo said it would use this funding to deepen its R&D (research and development) and strengthen its presence in international markets. The three-year-old startup – which has been bootstrapped […]

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Former Genpact CEO Pramod Bhasin invests in analytics startup Scienaptic

Pramod-bhasin2Data analytics firm Scienaptic Systems Inc. has received an undisclosed amount of funding from Genpact founder and former Nasscom chairman Pramod Bhasin. The two-year-old startup is headquartered in New York and has an engineering centre in Bengaluru. “The investments will enable Scienaptic to continue developing its unique big data platform, Ether,” Scienaptic Systems said in […]

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Online marketplace for golfers GolfLan raises $1 mn

GolfLan1New Delhi-based online golf community and marketplace GolfLan has raised $1 million (Rs 6.65 crore) from existing investors YourNest Angel Fund and Africa’s IT/ITES group iSON, the company said in a statement. As part of the deal, iSON Group founder and chairman Ramesh Awtaney has taken up a minority stake in GolfLAN. He is also […]

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Exclusive: The Gourmet Jar raises seed funding from Chandigarh Angels Network

Apeksha-Jain_The-Gourmet-Jar3New Delhi-based Apeksha Gourmet Jar Pvt. Ltd., which operates The Gourmet Jar, has raised an undisclosed amount in seed funding from Chandigarh Angels Network (CAN). The funding will be utilised by the startup to build team, scale operations and add global customers. It will also be used for marketing and brand building, Apeksha Jain, founder, […]

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Exclusive: Android utility app SooperMo raises seed funding

SooperMoAndroid utility app suite SooperMo, operated by Gurgaon-based StarxSoft Technology Pvt. Ltd, has raised $100,000 (Rs 67 lakh) in seed funding from Dubai-based entrepreneur Lalit Vase. Vase is the chief executive of Red Entertainment Distribution FZCO, a distributor of interactive entertainment software in the Middle East region. The startup plans to use the capital raised […]

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Realty-tech startup Foyr.com raises funding from JLL

FoyrFoyr.com, a Hyderabad-based online interior designing and home décor startup, has raised funding from a new real estate technology investment vertical set up by property consultancy firm Jones Lang LaSalle (JLL) India. The funding round comes more than a year after Foyr, earlier known as Renderlogy, secured under $1 million from Astarc Ventures. Foyr, operated […]

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Weekly Startup Tracker: Bengaluru ventures get most cheques as deals buzz gets louder

Startup trackerThe week saw startup deal activity pick up with as many as 19 companies being funded, up from just seven during the previous week. Bangaluru-based startups stole the show by bagging the most number of first cheques. Mumbai-based bike tour operator Enfield Riders Pvt. Ltd, which conducts motorcycle tours, raised just under half a million […]

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Weekly Startup Tracker: YuppTV, Postman, FabAlley lead the pack in raising funding

The week witnessed a slump in the startup deal activity with only seven firms raising capital, down from as many as 20 that had received first cheques during the previous week. Online TV streaming service provider YuppTV raised $50 million in venture capital from private-equity behemoth KKR’s investment arm Emerald Media. The other reported big […]

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