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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Exclusive: Fashion app Styledotme shortlisted for FbStart; receives new funding commitment from IAN

StyledotmeDelhi-based Styledotme Fashion and Lifestyle Pvt Ltd, which operates mobile fashion app Styledotme, has been selected by Facebook Inc. for its FbStart programme. The startup has also received commitment from existing investor Indian Angel Network (IAN) for a new round of funding. It will be looking to raise around Rs 2-3 crore, founder Meghna Saraogi […]

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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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Rocket Internet mops up $1 bn to back startups globally

rocketRocket Internet SE, the German investment firm that has struggled with its bets on Indian companies, has raised $1 billion in a new fund to back Internet companies globally. The Rocket Internet Capital Partners fund is Europe’s largest fund focused on the Internet sector, the firm said in a statement. The new fund will make […]

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Alibaba’s UCWeb to invest $29 mn in India, Indonesia to grow news platform

alibaba_feMobile Internet firm UCWeb, owned by Alibaba Mobile Business Group, plans to invest $29.3 million (Rs 200 crore) in the Indian and Indonesian market over the next two years. The investment will be used to tap user-generated content in India via its news distribution and content platform UC News, the company said in a media […]

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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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Fitness marketplace Fitnapp raises funding from Noida-based SD Group

For-Fitnapp-Story-TC_running-573762_1280Delhi-based Metano Technologies Pvt Ltd, which owns and operates fitness app Fitnapp, has raised pre-series A round of funding from Noida-based realty developer SD Group. The company will use the funds to expand its online presence, enhance its marketing efforts and increase its associations and partners, it said in a press statement. Fitnapp is a […]

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Exclusive: Wedding venue marketplace Weddingz.in raises $ 1 mn

Weddingz-inMumbai-based online marketplace for wedding venues and vendors, Weddingz.in, has raised nearly $1 million (Rs 6.8 crore) from Singularity Ventures, a person close to the development told Techcircle. Existing investor Sixth Sense Ventures also participated in the round. Weddingz.in founder and CEO Sandeep Lodha, however, declined to comment on the fund-raise. In February last year, […]

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