French e-payments firm to buy fintech firm TechProcess

For-PayU-Story-TC_ThinkstockPhotos-512349742French e-payments firm Ingenico Group has agreed to buy Mumbai-based TechProcess Payment Services Ltd, the companies said on Tuesday, as Indian fin-tech companies continue to attract investors. The companies didn’t disclose the deal value, but a person associated with the transaction told VCCircle/Techcircle on the condition of anonymity that it was close to Rs 550-600 […]

Read more

Media-tech firm Amagi raises $35 mn in Series D round

ThinkstockPhotos-508914696Amagi Media Labs Pvt. Ltd, which provides targeted TV advertising services, has raised $35 million (Rs 237 crore) in its Series D round of funding from KKR-backed investment firm Emerald Media and existing investor PremjiInvest, the investment arm of Wipro Ltd chairman Azim Premji. Existing investors Mayfield India and Nadathur Holdings will remain invested in […]

Read more

Exclusive: Kunal Shah-backed scrap collector EnCashea shuts shop

ClosedBangalore-based scrap collection and recycling startup EnCashea, which raised a seed funding from FreeCharge co-founder Kunal Shah and others recently, has decided to shut down its operations due to an unsustainable business model that runs on thin margins, but necessitates incremental working capital. The startup has decided to call it a day and return the […]

Read more

Food delivery startup Box8 raises Series B funding from IIFL, Mayfield

Box8Mumbai-based Poncho Hospitality Pvt. Ltd, which owns and operates on-demand food delivery services firm under the brand name of Box8, has raised $7.5 million (Rs 50 crore) in Series B funding from IIFL Seed Ventures Fund and existing investor Mayfield. IIFL Seed Ventures Fund is the venture capital and private equity arm of IIFL Wealth […]

Read more

Vernacular news aggregator DailyHunt raises $25 mn from China’s ByteDance

Virendra-Gupta,-founder,-Ver-Se’-Innovation2Ver Se’ Innovation Pvt. Ltd, which runs vernacular news aggregator DailyHunt, has raised $25 million (Rs 168 crore) in a fresh round of funding from Chinese content provider ByteDance, it said in a statement. The Bangalore-based company said Arun Sarin, former CEO of Vodafone, and existing investors Matrix Partners, Sequoia Capital India, Omidyar Network and […]

Read more