Tea e-tailing startup Vahdam raises angel funding

VahdamVahdam Teas Pvt Ltd, a Delhi-based tea e-tailer, said on Wednesday it has raised funding from a clutch of angel investors to implement its expansion plans. The firm has raised Rs 4.4 crore ($650,000) from early-stage investment firm Fireside Ventures’ Kanwaljit Singh, Mumbai Angels and Singapore Angel Network. Founded in 2015 by Bala Sarda, Vahdam […]

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Exclusive: Health-tech startup Medinfi raises angel funding again

Team MedinfiBengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 (Rs 68 lakh) in its sixth round of angel funding. The investors who participated in the round include Vinod Martin, chief operating officer of a Singapore-based IT services company; Singapore angel investor Evan Lim; Kanchan […]

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Flawed business model or funding crunch: What led to startup shutdowns?

startups_feThe startup euphoria that was evident in 2015 seems to have subsided in 2016 with the demise of several well-funded ventures such as PepperTap, Intelligent Interfaces, Fashionara, Purple Squirrel and Flashdoor. According to a Techcircle analysis, at least 32 funded tech startups reported shutting down their operations in the first 11 months of 2016 compared […]

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One funded Indian tech startup shut shop every 10 days this year

ThinkstockPhotos-511734232Well begun, as they say, is half done. By that measure, startups that managed to raise funding from marquee investors such as Sequoia Capital, Matrix Partners and Helion Ventures even before they began to earn revenue would surely have been on the path to success. But, a beginning however great is just that—a beginning. And […]

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Markdowns reflect sentiment, vital to see if firm is on right path: IAN’s Srivastava

Dozens of startups have shut shop in 2016 while many others have struggled with a funding crunch and valuation markdowns. But serial entrepreneur and investor Saurabh Srivastava is not too perturbed. The chairman and co-founder of the Indian Angel Network (IAN), one of the largest and oldest angel groups in the country, says it is […]

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Exclusive: On-demand laundry startup HelloDhobi gets angel funding from Swastika Company

abudhabiPune-based HelloDhobi Dry-Cleaners Pvt. Ltd, which operates on-demand laundry startup HelloDhobi, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd and some Mumbai-based affluent individuals, a top company executive told TechCircle. Arman Verma, co-founder and CEO of HelloDhobi, said the company will use the funds to expand operations […]

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Modasta raises $1.5 mn in angel funding

Pankaj-Pandey_feBangalore-based Tasman Drive Software Pvt. Ltd venture, which operates health content portal Modasta, has raised $1.5 million (Rs 10 crore) in funding from a consortium of Mauritius-based high-net-worth individuals (HNIs). The funds will be used for business growth, technology upgrade, talent acquisition and marketing outreach activities, it said in a statement. “The healthcare industry is […]

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Exclusive: Online rental marketplace SimplyMoveIn gets angel funding from Swastika Company

Yash Singh, co-founder and CEO of SimplyMoveInBangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd, a top company executive told TechCircle. The company will use the funds for hiring across verticals, marketing, augmenting the technology backbone and geographical expansion, said […]

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Exclusive: Online rental marketplace SimplyMoveIn gets angel funding from Swastika Company

Yash Singh, co-founder and CEO of SimplyMoveInBangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd, a top company executive told TechCircle. The company will use the funds for hiring across verticals, marketing, augmenting the technology backbone and geographical expansion, said […]

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Exclusive: Ed-tech startup MySuperBrain raises angel funding

MybrainMySuperBrain, an online talent discovery platform for students operated by Hyderabad-based Bojja IT Solutions Pvt Ltd, has secured an undisclosed amount in angel funding from tech consultancy firm Soniks Consulting. MySuperBrain plans to use the funds for marketing initiatives and augmenting the technology vertical, co-founder and CEO Raghavendar Reddy Bojja told Techcircle. Soniks Consulting is […]

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