Tech accessories e-tailer LatestOne.com raises $3.3 mn from Ashish Dhawan, Mathew Cyriac and others

For-LatestOnlineHyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore ($3.34 million) in its latest round from both new and existing investors, the company said in a statement. The company, which is listed on both BSE and NSE, will allot 1.5 million shares to investors on a preferential basis at Rs […]

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China-based Cyber Carrier invests in healthcare startup MyDermacy

MyDermacy1Health startup MyDermacy has raised an undisclosed amount of funding from Chinese venture capital firm Cyber Carrier, a report in a financial daily stated. The investor has acquired 15-18% stake in the company in this pre-Series A round, which also saw participation from MyDermacy’s existing investors, The Economic Times reported citing people aware of the […]

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Qualcomm Ventures leads Series E round in IoT device maker Borqs

For-M-Wallet-Story_ThinkstockPhotos-497365385Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement. In December 2016, the company entered into an agreement with […]

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Karnataka govt announces $1.5 mn fund for women entrepreneurs

Untitled-4_tcIn a move that would give a fillip to entrepreneurship among women, the Karnataka government announced a $1.5 million (Rs 10 crore) Idea2POC (idea to proof of concept) fund on International Women’s Day, a statement issued by the state government said. Priyank Kharge, the state minister for  IT (information technology), BT (biotechnology) and tourism,  who […]

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Asuka Holdings, existing investors back real estate firm Property Share

infra-shahjunaid_feBangalore-based Property Share, which offers investors fractional ownership of properties, has raised an undisclosed amount in a fresh round of investment led by Japanese venture capital investor Asuka Holdings, Kunal Moktan, founder and chief executive of the startup told VCCircle. Existing investors Pravega Ventures and Beenext also participated in this round. Owned and operated by […]

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Ideaspring makes its second bet on enterprise networking startup Lavelle Networks

Naganand_Doraswamy_feBangalore-based early stage venture fund Ideaspring Capital has invested $600,000 (Rs 4 crore) in enterprise networking startup Lavelle Networks Pvt Ltd, according to a report by a financial daily. The firm will use the funds to expand its operations and for marketing, Shyamal Kumar, co-founder told The Economic Times. On Thursday, Lavelle Networks was one […]

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Former Snapdeal product head backs online funding platform LetsVenture

Anand_feFormer chief product officer at Snapdeal Anand Chandrasekaran has invested in Bangalore-based IndiePitch Solutions Pvt. Ltd, which runs online funding platform LetsVenture, according to a press statement. LetsVenture also allows startups to get their business plans reviewed by experts and helps them connect with mentors. The firm’s legal partner is Bangalore-based K Law, which helps […]

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Kae Capital invests more in parenting startup Parentune

funding-investment4Gurgaon-based Proparent Solutions Pvt. Ltd, which runs online community of parents Parentune, has raised an undisclosed amount in its second round of funding from existing investor Kae Capital and Singapore-based SEGNEL Ventures, a VC firm that operates in South and Southeast Asia. Parentune will use the funds to scale up the business, including launching the […]

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Mental health platform Juno Clinic bags $1.2mn from Hexaware, Zodius Capital founders

Mumbai-based Davman Technologies Pvt Ltd, which operates Juno Clinic, an online and offline mental health startup, has raised $1.2 million (Rs 8 crore) in a pre-Series A funding from a clutch of angel investors, a press statement by the firm said. Others who participated in this round include Atul Nishar (founder of Hexaware Technologies and […]

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Supr Daily raises $120K from US-based accelerator Y Combinator

Supr-DailyMumbai-based daily consumables startup Supr Daily has raised $120,000 from US-based startup accelerator Y Combinator after it was selected as one the 12 Indian startups for the winter batch of the programme. The startup is also part of Y Combinator’s three-month mentorship programme, which ends this month, the company said in a press statement. Supr […]

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