Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

For-Airpay-Fundraise-Story-TC_ThinkstockPhotos-505770038Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari Capital and existing investors Rakesh and Rajesh Jhunjhunwala. The company, operated by Airpay Payment Services Pvt. Ltd, will use the funds to build its technology, sales, distribution and support infrastructure to expand its […]

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Two Bangalore women give a ‘clean’ twist to co-working spaces

Co-working spaces – the idea of an open and communicative work culture – is finally picking up in the Indian startup ecosystem. The past two years have witnessed many startups, including Innov8, InstaOffice and 91springboard, venturing into this space to cash in on the opportunity. In fact, several of them have been able to secure […]

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After venture capital, startups taking ‘vendor capital’ for granted

Anirudh-Damani_Artha-India-VenturesThe bloodletting in the Indian startup ecosystem continues with hotel-booking app RoomsTonite shutting shop on the heels of the Stayzilla fiasco, which is still playing out in the media. I have previously said that the startup space in India is safe because of its self-correcting nature. However, I did not expect that startups that failed […]

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Exclusive: GrabOnRent close to raising Series A round

Bangalore-based GrabOnRent Internet Pvt. Ltd, which runs product rental marketplace GrabOnRent, is close to raising $3 million (Rs 19.5 crore) in Series A funding from new and existing investors, two persons familiar with the matter said. Existing investors IvyCap Ventures and Unicorn India Ventures will also participate in the round, the people cited above added. […]

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Weekly roundup on startup funding

startup-data-(1)_feIn the week gone by, seven startups received angel/seed and venture capital funding. In the biggest deal of the week, San Jose-based enterprise data warehousing company Infoworks received $15 million in a Series B round of funding led by Centerview Capital Technology and existing investor Nexus Venture Partners also participated in the round. Among the […]

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Marico picks 45% stake in men’s grooming startup Beardo

Stack_shah_001Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, on Friday announced its foray into the male grooming market by picking up stake in Zed Lifestyle Pvt Ltd, which owns Beardo. The FMCG major, as per a stock market disclosure, acquired 45% stake for an undisclosed amount in the Ahmedabad-based company. The […]

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Meet the 12 startups selected for Yes Bank’s accelerator programme

Yes_Bank_Mukul-Mudgal1India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s Talk Payments. The selected startups will go through a 15-week programme […]

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Myntra set to invest in 10 fashion brands with accelerator programme

For-Myntra-Story-TC_Shah-JunaidFlipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Many more are at the conversation stage” […]

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Co-working space The Hive, LetsVenture join forces to set up incubators

(L-R) Chaitanya Ramalingegowda, VP-investor relations at LetsVenture, Shanti Mohan, co-founder & CEO, LetsVenture and Ankit Samdariya of The HiveVirtuous Retail Services Pvt. Ltd, which operates collaborative workspace The Hive, has joined hands with online fundraising platform LetsVenture to set up and manage incubator spaces for startups. While LetsVenture-affiliated companies will have special access to The Hive’s network of collaborative workspaces across the country, startups affiliated with The Hive will receive fundraising support on […]

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Agri-tech startup FarMart raises seed funding from IAN

For-Farmart-Story-VC_20160402_SJ_Crops-Jammu-and-Kashmir-009Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. Operated by Farmart Service Pvt Ltd, the startup […]

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